Canadian TAX Guide - New TAX CUT in Canada for 2025!

Good news! We have a New TAX CUT in Canada and it already went into effect! As of Canada Day, July 1, the CRA has implemented a federal tax cut for ALL Canadians! 🇨🇦 That means that we ALL get a little more money in our pocket, no matter your income. Now is this tax cut life-changing? No but I’ll take it! I break down everything you need to know including all the math with examples. CANADIAN TAX GUIDE - Playlist 🇨🇦 https://youtube.com/playlist?list=PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj QUESTRADE REFERRAL 🇨🇦 👇 Use my referral link to get a $50 CASH BONUS when you deposit at least $250👇 https://www.questrade.com/affiliate-offer-sdi?irsharedid=Canadian%20in%20a%20T-Shirt&oaa_promo=CANADIANTSHIRT MOOMOO REFERRAL 🇨🇦 Sign up with my Exclusive referral link to get up to a $600 bonus, $2000 in commission rebates and 6% interest! 👇 https://start.moomoo.com/021CZd WEALTHSIMPLE TRADE REFERRAL 💰 Join Wealthsimple and get a bonus of $25 👇 You can also manually enter my referral code: P0A-UQ https://wealthsimple.com/invite/P0A-UQ Best SAVINGS ACCOUNT in 2025 - EQ BANK  🏦 https://click.linksynergy.com/fs-bin/click?id=G4zxVqAvD18&offerid=1115263.5&type=3&subid=0 LOYALTY MEMBERSHIP ✨ Click the JOIN button or the link below to gain access to my exclusive content to see my full portfolio and what stocks I’m buying every month! 👇 https://youtube.com/c/CanadianinaTShirt/join Thank you guys for supporting my channel, you’re the best! 🙏 WATCH NEXT  ▶️ -TFSA vs RRSP vs FHSA vs RESP - https://youtu.be/11y_oV3jOU4 -How Taxes Work in Canada - https://youtu.be/GShKBkv2xY8 -TFSA Mistakes - https://youtu.be/s4cBibLATOU -Year-End Tax Saving Tips - https://youtu.be/xLXup5L-S2Q -How to File Taxes in Canada - https://youtu.be/4RxkNa2VjtU -How to Build Wealth - https://youtu.be/L10wfYl3_Qs -RRSP Mistakes - https://youtu.be/I8k95_R_L_Q -Pay Stub Explained in Canada - https://youtu.be/uFg3tDxmqiE Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies =) FOLLOW ME HERE: 👋 FACEBOOK: https://www.facebook.com/CanadianTShirt INSTAGRAM: https://www.instagram.com/canadiantshirt TWITTER: https://twitter.com/CanadianShirt FINANCIAL EDUCATION BOOKS 📚 -Wealthy Barber Returns - https://amzn.to/2MJ9cIe -How to Adult Money Canada Version - https://amzn.to/2F717ZT -Beat the Bank: Canadian Guide - https://amzn.to/37uqe54 -101 Tax Secrets for Canadians - https://amzn.to/2RrIuGS -Intelligent Investor - https://amzn.to/3qoI5nV -Making Money in Canadian Real Estate - https://amzn.to/2SKijw6 CAMERA GEAR  📸 -4K Camera - https://amzn.to/3aSHWEg -HD Camera - https://amzn.to/3puBZkT -Tripod - https://amzn.to/2Qf2Lid -LED Ring Light - https://amzn.to/2MKLDyC -Microphone - https://amzn.to/3aRdXMN SKIP AHEAD ⏩ -Intro: 0:00 -New Paycheque: 0:27 -Tax Cut: 0:49 -2025 Exception: 1:49 -Example #1: 2:16 -Basic Personal Amount: 3:08 -Example #2: 3:33 -MAX Savings: 4:25 DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision! I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me. DISCLAIMER: Links included in this description may contain affiliate links.   I will only ever suggest services or products that I use myself and I personally believe in. If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you! Thank you for supporting The Canadian in a T-Shirt! =) #CanadianTaxes #TaxCut #CRA #CanadianTaxGuide #CanadianFinance #IncomeTax