How is tax calculated? Do I have to file taxes? How do I FILE my OWN taxes in Canada? Is it Free?

I will be doing a Full WALKTHROUGH of How to File your own Tax using WealthSimple Tax for FREE. The deadline to file your 2020 taxes in Canada is April 30, 2021.

This video helps you breakdown Canadian Taxes, and understand how to file taxes in canada. It goes in depth and explains what income we get taxed on such as Employment Income, Business Income, RRSP Withdrawals, Investment Income. It also goes into how to reduce your Taxable amount with Tax Deductions such as Student Credits, Student Loan Interest, Work From Home Expense, Unclaimed Medical Expense. Reduce the tax bill even more with Tax credits such as Donations, Climate Incentive Credit, Ontario Energy Tax Credit.

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