Understanding the investment income tax rules in Canada can show you that a couple can make $100,000 per year in tax free income in Canada from an investment portfolio held in a non registered account using the Canadian dividend tax credit to their advantage. It gets even juicier when you include what is possible inside the TFSA! Everybody wants to know how to reduce their tax bill in Canada, but what about taxes on investment income? Earned income and investment income are taxed completely differently! In this video, I will explain investment income pertaining specifically to eligible dividends and the Canadian dividend tax credit and how this allows you to reduce taxes but still have an income generated from a passive dividend investment portfolio instead of income generated through employment (earned income). You deserve to have your money working for you!
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* Why Rich People Don't Work [ Ссылка ]
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Link so you can check out the tax #s I provided in the tables for yourself (note: The passive income described is that from eligible dividends. The working income described is that from employment income. Play around with the calculator and see for yourself!)
* [ Ссылка ]
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Disclaimer: None of my videos (including this one) are financial advice. You are responsible for your own investment decisions. The videos I make for you are just for your entertainment. Thanks, Mrs Invest.
