https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo Income tax explained with tips and available resources en-us 2020-11-30 02:23:14 UTC 2020-11-30 04:54:31 UTC hello@padlet.com sohaldeepsingh https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969804268 Hey welcome to my padlet, I hope you all are doing well in these hard times. 
In my padlet you will be amazed with the best description of the income tax and tips for the income tax with resources together. I will be giving a thorough information of income tax to energize your knowledge about it in order to set you up for future.]]> 2020-11-30 02:42:38 UTC https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969804268 sohaldeepsingh https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969810963 This is a video in which a guy clearly explained how the Canadian taxes works. Moreover, he explained the taxes of personal income and business income. He explained how to reduce taxes legally. In this video this is also explained that how taxes in Canada differs from province to province.
I chosen this video because in 15 minutes a lot of information about the Canadian taxes regarding the federeal and provincial taxes are clearly explained.

]]> 2020-11-30 02:46:42 UTC https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969810963 sohaldeepsingh https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969826222 In this video a girl tells about her experience and about the simple CRA software which can be used easily to file the taxes. I think these are the one of the best tips she is giving with her past experience and teaching how to use that software. 
I chose this video because I always used to think that how to file our income tax as I was getting it done from someone else.

]]> 2020-11-30 02:56:36 UTC https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969826222 sohaldeepsingh https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969837371 This video is beneficial for anyone who is not Canadian by birth or is not residing in Canada from so long and does not know how the taxes are calculated in Canada. He took very good example like a person living in Manitoba and spending 20 thousand dollars a year and then according to his earning, he calculated how much he is going to pay in taxes.
I chose this video because I am also an immigrant and I was also curious like is there something different in taxes for immigrants as compared to the native Canadians.

]]> 2020-11-30 03:04:35 UTC https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969837371 sohaldeepsingh https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969848922 In this video, a guy explained the TFSA and maximizing the investments with a long term. He told the benefits of the TFSA with the limits of contributions and told which rules should be followed and what strategies should be made with regards to keep earnings with TFSA. 
I chose this video because I personally had a curiosity that how TFSA works.
 ]]> 2020-11-30 03:12:37 UTC https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969848922 sohaldeepsingh https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969888860 This website is provided by the Government of Canada which totally explains how Canada's tax system works. It tells how Canada Revenue Agency actually works. It has the full information about the federal, provincial and territorial income taxes. 
I chose this website because this is the official website of government of Canada and all the information given in this website is 100%  accurate. 

]]> 2020-11-30 03:41:40 UTC https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969888860 sohaldeepsingh https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969903282 This website explains that how much percentile of income tax a person has to pay according to their level of income which goes from 15% to almost 33%. They have given an example like if a person is earning $200000, at the end, after all calculations he will need to pay almost $46000 in tax for the year.
I chosen this website because it is demonstrating all the information that on what amount of income, what a person will be charged in taxes .]]> 2020-11-30 03:52:51 UTC https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969903282 sohaldeepsingh https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969914067 This website provides a huge explanation GST and HST as well. It tells that anyone who is residing in Canada, working and earing an income has to pay tax. It has totally explained net income and taxable income and the refunds that a person gets after filing the tax.
I chose this website as it has more than enough information and it gave me answers of every question that I had in my mind regarding the Canadian tax system.

]]> 2020-11-30 04:01:26 UTC https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969914067 sohaldeepsingh https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969922949 I chose this video because it has enough information for the people who wants to reduce their taxes legally. It tells that how by showing our expenses, which is genuine, we can reduce our expenses. Expenses like childcare expenses, accounting fees, car expenses and so on. 
I chose this website because it has the information which simply explains the genuine expenses as they can become helpful in order to reduce the income taxes in Canada.

]]> 2020-11-30 04:08:11 UTC https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969922949 sohaldeepsingh https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969959146 In this Image, we can see like how from the last few decades the federal taxes have increased and it can be clearly noticed that the tax rates have climbed too much from the almost 10 decades.
I chose this picture because it illustrates the data of almost 100 years which is a lot of information.

]]> 2020-11-30 04:32:33 UTC https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969959146 sohaldeepsingh https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969965620 This images shows how the taxes increases according to the increase in the income of a person. But just not only in Canada, almost in every country, the income tax increases as the income increases.
I chose this picture because it is clearly showing the increment in the tax with a graph which is very easy to understand.]]> 2020-11-30 04:36:57 UTC https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969965620 sohaldeepsingh https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969977718 1. I learned how the tax system in Canada works and I got surprised by how the taxes go up according to increment in income. In my views, income tax is a lot like a person have to give a huge part of his income to the government as tax just because he worked so hard and earned more money.
2. Real life example for it is like a person set up a huge business and now he is earning a lot and he has to pay a lot in taxes which can be hard because this money is of his hard work. but on the other side, government is going to use this money for the beneficial of people.
3. I will let them know that how they can reduce their taxes legally by showing the genuine expenses.]]> 2020-11-30 04:44:45 UTC https://padlet.com/sohaldeepsingh/kap1a2iykp34rqo/wish/969977718