Filing your Tax Return in Canada in 2023 as Student | What is Welcome Canada? Refund of unto $7000

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  • Опубліковано 11 бер 2023
  • In this video, we talk about the tax benefits you can get Canada. I also talk about Welcome Canada Package and 3 ways to save taxes in Canada. In short, we discuss everything about filing your taxes in Canada.
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    Get in touch with Toronto Tax Boutique:
    Phone: +1-647-779-3314
    Instagram: torontotaxboutique
    Website: www.torontotax.co
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    Managing Money in Canada and TFSA: • Managing Money as a St...
    Connect with me on Instagram: gursahibsingh_ca
    So, if you are planning to come to Canada as an International Student, or as a Permanent Resident, this video will be useful for you in some way or the other.
    Disclaimer:
    Please note, I am NOT an immigration consultant. I am NOT a financial advisor. I am NOT affiliated with any government organization. Any information shared in this video is based on my own experience, opinion, and research and hence should not be considered legal advice. I assume no liability for how the information in this video is used or interpreted and hence take no responsibility for any decisions that are made with regards to your application or life based on the information shared in this video. Your commitment to your application or life is critical so please do your own research before making any kind of decision. I am just a random guy on youtube sharing my experience.

КОМЕНТАРІ • 324

  • @harshitbagri9110
    @harshitbagri9110 Рік тому +1

    Gursahib I have been following you before coming to Canada and though I could not follow most things you said I have still learned a lot comparatively and saved myself in many ways so really ty for that❤❤❤❤❤

  • @mannsingh3375
    @mannsingh3375 Рік тому +1

    Veer ji again tussi bht sohni knowledge ditti,,,tuhade jaise log aanwale bacheya layi Possitive sochde ne nh to youtube te demotivate kran wale kam nh hai .... waheguru ji Khush rakhe tuhanu....

  • @mihir9608
    @mihir9608 Рік тому +8

    For everyone who does uber/skip etc, set aside 10.2% of your earnings, as you will have to pay that amount towards your CPP.
    Eg- if you earn $1000 then save $102 for CPP.
    When you work for an employer, 5.1% of your earnings is automatically subtracted for CPP so you dont have to worry about setting aside anything for CPP.

  • @lakshitmadaan731
    @lakshitmadaan731 Рік тому +2

    Totally agreed bro University of Waterloo is the best for engineering and as a current grad student I can say that, the exposure we get in the university is amazing.

  • @GursahibSinghCanada
    @GursahibSinghCanada  Рік тому +11

    2 Corrections:
    1. The deadline for filing tax this year is May 1st because 30th April falls in Sunday.
    2. The RRSP contribution limit for the 2023 taxation year is 18% of earned income you reported on your tax return in the previous year, up to a maximum of $30,780

  • @murthujaanghati8610
    @murthujaanghati8610 Рік тому

    I like the way of your explaining the things... thank you

  • @mohitghai5184
    @mohitghai5184 Рік тому +2

    Gursahib ji aapke "HiSSAB KiTAAB" ka jawab nhi... Best thing "HiSSAB KiTAAB"..keep it up.. Thanks

  • @lovepreetbhatti4917
    @lovepreetbhatti4917 Рік тому +20

    Energy level and information in this video is too good👍

    • @GursahibSinghCanada
      @GursahibSinghCanada  Рік тому

      Thank you so much 😀

    • @jaskandhola2730
      @jaskandhola2730 Рік тому

      Bhaiya yah batao ki Canada Mein bacchon ko kam mein le raha hai ki nahin Meri beti ka bayan tak hai

    • @jaskandhola2730
      @jaskandhola2730 Рік тому

      Bhaiya Bhi Mujhe tension hai ki bol rahe hain Canada Mein Kam Nahin mil raha hai bacchon ko batao Meri beti ko Aana chahie ya nahin Meri beti ka Maihar tak hai

  • @RishabhSharma_Pharmacy
    @RishabhSharma_Pharmacy Рік тому

    Thanks for such an amazing video. I am pursuing Masters in Pharmacy at the UoW.

  • @arshtainment
    @arshtainment Рік тому +1

    Thnx for sharing it's really helpful. Keep making such videos 👍

  • @almanaratfermi8567
    @almanaratfermi8567 Рік тому

    Thank you so much!!! Really needed this.

  • @nehaswindow841
    @nehaswindow841 Рік тому

    Grt bro---- waiting for nxt dhamaka

  • @jaygoswami4840
    @jaygoswami4840 Рік тому +1

    Thanks for usefull video sir 😊

  • @abhimanhybrid7257
    @abhimanhybrid7257 Рік тому

    You're the best brother

  • @himanshus07
    @himanshus07 Рік тому +6

    Sir ji can you make a video on things to keep in mind for students coming in this may intake, it will really help me a lot. Love your videos, keep up the good work!

  • @eltorg2996
    @eltorg2996 5 місяців тому +8

    Don’t label in English if it’s not in English please 😊

  • @parthmodi5372
    @parthmodi5372 Рік тому

    Good job Bhai, I think apne editing me hi video ki speed badhadi h, ye acha Kiya viewers ko ab manually speed increase nahi karni padegi

  • @jasbirsodhi7074
    @jasbirsodhi7074 Рік тому

    Awesome Video Gursahib Singh ji. Continue the good work 🙂

  • @harpreetuppli2987
    @harpreetuppli2987 Рік тому

    Very informative video 👍🏻

  • @nareshmalik3175
    @nareshmalik3175 Рік тому

    Teri video ka wait rahta hai.
    I have some assets in canada.my children will come soon there

  • @shiwangipal9061
    @shiwangipal9061 Рік тому

    Bhaiya great video i really needed this info👏

  • @yashn6208
    @yashn6208 Рік тому +1

    Hello Sir, are these benefits same for a student studying in British Columbia?
    Also, do the Torronto Tax Boutique help students studying in British Columbia Universities?? Please let me know.
    Thanks. Great work with all the information. Great energy and jollyness!!!❤️

  • @canadaExpresso
    @canadaExpresso Рік тому

    yet another informative video.
    gursahib try "Twisted Indian Wraps" in waterloo. since we all love the Indian flavours, i am sure you would love it.
    its My Brothers Venture.

  • @saroornagarsatish
    @saroornagarsatish Рік тому

    Hi Can you please make a video on Incorporation by an IT consultant concept? And how it works among Recruiting agency, consultant, and the client?
    Can you please breakdown the pay rate with an example? Who pays the HST/GST? How much the consultant needs to pay taxes? What is the final pay rate consultant gets per hour? Thanks.

  • @jasvindersinghwadhwa9707
    @jasvindersinghwadhwa9707 Рік тому

    Nice information ❤

  • @rafey11
    @rafey11 Рік тому +6

    Keep Growing Big Brother ❤

  • @Anshu_2022
    @Anshu_2022 Рік тому +2

    Hey sir, Are trade courses in demand in Canada? if so how long will it last.plz answer thank you

  • @preetk.7237
    @preetk.7237 Рік тому +1

    Bhaiya thx a lot for the video , it was really much needed 🙏
    Can u plz confirm one more thing .. does the same Pattern applies for British Columbia too or it is different??

  • @AnwarKhan-wx6lw
    @AnwarKhan-wx6lw Рік тому

    Thank you sir ji all time good info bless you both g and. J bless you ❤❤❤❤❤❤❤❤

  • @sayyedzaid601
    @sayyedzaid601 Рік тому

    Never disappointed bro

  • @ankitdesai3887
    @ankitdesai3887 11 місяців тому

    Very informative videos of yours all pajji

  • @ramanpreetsingh3199
    @ramanpreetsingh3199 Рік тому

    Good day, sir. I've been watching your videos and picking up a lot from them. You're welcome for creating these videos. I've been looking for IT jobs and applying for them but none of them have responded. They all state that we need either experience or a degree, but I'm only pursuing a diploma; is there any way I can enter this field without a degree?

  • @harpreetuppli2987
    @harpreetuppli2987 Рік тому

    Please make more detailed videos on tax filings

  • @supreetkaur6034
    @supreetkaur6034 Рік тому

    I'm Masters in Electrical and Comp engineering student in University of Waterloo, came in sept 2022, this was a very helpful video.

    • @anshpatel4949
      @anshpatel4949 Рік тому

      Did you pursue your bachelor's degree from India ?

    • @supreetkaur6034
      @supreetkaur6034 Рік тому

      Yes

    • @anshpatel4949
      @anshpatel4949 Рік тому

      How much did you got in 12th std ? And how much percentage university needs for admission?

  • @sandeepsandy3810
    @sandeepsandy3810 Рік тому

    Love from Chandigarh bhai ji ❣️😇

  • @cookathomeyummyfood5457
    @cookathomeyummyfood5457 Рік тому

    Very very informative video about tax.
    Thanks.

  • @waleedwk4967
    @waleedwk4967 Рік тому

    Awesome bro

  • @meetshah5065
    @meetshah5065 8 місяців тому

    Hello sir you have explain amazingly all such things but it will be more useful if u share any pdf of ppt w.r.t this.

  • @aliraza6374.
    @aliraza6374. Рік тому

    best one 😊💯

  • @Vibhavrao
    @Vibhavrao Рік тому

    You had me at, 100 ka 18, toh 50 ke 9. Sau pratishat relatable!!! :D

  • @murthujaanghati8610
    @murthujaanghati8610 Рік тому

    Can you pls do a video on public transport for small family (wife,husben & 2 kids)...

  • @himanshijain9762
    @himanshijain9762 Рік тому

    Do we get the refund quarterly or is there any amount we get immediately on filing taxes?

  • @cliffypereira5363
    @cliffypereira5363 Рік тому +1

    Your energy is very encouraging . Great!!! Also can you create a video on bank accounts to earn interest

    • @GursahibSinghCanada
      @GursahibSinghCanada  Рік тому

      Sure!!

    • @sukhdeepbrar9801
      @sukhdeepbrar9801 Рік тому

      ​@@GursahibSinghCanadasir, agar first time as a student tax file kiya hain to amount cheque mein aayega yaa direct account mein ???

    • @GursahibSinghCanada
      @GursahibSinghCanada  Рік тому

      @@sukhdeepbrar9801 If you give your bank account details then refund will be deposited in your bank account.

  • @kashishbudhiraja2446
    @kashishbudhiraja2446 Рік тому +1

    Hii gursahib sir, actually its out of the topic but i have confusion regarding the certificate course that can the international student change its pg certificate course into pg diploma same field same course.

  • @AadilKhan-zr6hg
    @AadilKhan-zr6hg Рік тому

    Bhai.. Ek video medical field me bnado plss. Like courses, scope and college etc.

  • @mohamadjunedmemon4427
    @mohamadjunedmemon4427 Рік тому +4

    18% of your income but maximum contribution is only 31,560 for 2023. Not accurate info Paaji, You will get penalized by CRA if you contribute more than your contribution limit in TFSA or RRSP

  • @rudhraxluhana8334
    @rudhraxluhana8334 Рік тому

    Happy chatichand in advance AA

  • @tusharbhowmick323
    @tusharbhowmick323 Рік тому

    Paji please pnp aur pr ka ek complete video banao kaise kya sab hota hai after study in Canada we are so confused

  • @vipullotwala5777
    @vipullotwala5777 Рік тому

    As per you say tax it’s valid in Halifax (Nova Scotia)

  • @tarunbhrman2632
    @tarunbhrman2632 Рік тому +1

    Sir please talk about recession

  • @rameshyadav3686
    @rameshyadav3686 5 місяців тому

    Sir please make a video on business program.
    I'm applying in diploma in business program but still worrying about the course and visa decision.

  • @shivavinay9074
    @shivavinay9074 6 місяців тому

    Thank you.

  • @RJKShort2003
    @RJKShort2003 Рік тому

    Love From India 🇮🇳

  • @sukhriar9868
    @sukhriar9868 Рік тому

    Hey Gursahib, in my CRA account it seems i get tax refund of 335 dollars on 30 march 2023 but I don’t get money in my bank account. Can you suggest me something??

  • @imohammad490
    @imohammad490 Рік тому

    I have a question that can students do freelancing in addition to study work permit? please reply.🙏🙏🙏🙏🙏🙏🙏🙏

  • @rkbasra
    @rkbasra Рік тому

    Thank you paji

  • @ananyamishra4445
    @ananyamishra4445 Рік тому

    The 15% on tuition fees, can students get that while studying or after graduation?

  • @guptatushar86
    @guptatushar86 Рік тому

    Bhai me tumhara fan nahi,
    But mere dad hai ! 😄
    But aaj credit dena banta hai… various types of status cover kiye hai !! 🙌🏻
    Mujhe wfh wala toh pata hi nahi tha ! 😌

  • @Oman-2000
    @Oman-2000 Рік тому +1

    Guru Bhai work permit visa me Canada aane ke liye kya kya requirements Hoti hain is PR ek vedio bna do Bhai please 🙏

  • @jarmansandhu2969
    @jarmansandhu2969 Рік тому +1

    Hi sir i came on Jan 2023 should i also have to do it

  • @kunalmonga8427
    @kunalmonga8427 Рік тому

    Hlo gursahib , i m bit confused about Windsor , is it really job less for international students 0lz reply

  • @hearbeatAI
    @hearbeatAI Рік тому

    Sir, how much time will it take to receive tax return money from CRA?

  • @mohammedaffan7942
    @mohammedaffan7942 Рік тому

    Can we file tax if we arrived before 30th December but got sin number after that?

  • @malkitsingh5588
    @malkitsingh5588 Рік тому

    How taxi drivers can save their tax. Please make a video

  • @sarbjotsingh9513
    @sarbjotsingh9513 Рік тому

    And what about those students who are coming in August 2023 ..are they eligible to file tax? Will they get tax return in future?

  • @shahiboxing
    @shahiboxing Рік тому +5

    Hello Gursahib jee,
    I came to Canada on 29th of December but applied for Sin Number on January. Would I be eligible to pay tax this year?

  • @komalzia6566
    @komalzia6566 Рік тому

    Please make a video of the scope of food science and the human nutrition field in canada.

    • @smwk2017
      @smwk2017 Рік тому

      Generally, food scientists earn less than other STEM fields. Food scientists can work in food processing plants, hospitals, schools, laboratories, research facilities, food safety inspectors, etc. Dietician requires licensing from the province.

  • @rsstudio0001
    @rsstudio0001 Рік тому

    Bro can you make one video on RRSP

  • @rahulchaunkria5197
    @rahulchaunkria5197 4 місяці тому

    Hi Gursahib, I am an international student at NAIT, Edmonton. I received my T2022 from NAIT do I use this T2022 while filing tax this year or I should use it next year to file tax? I completed my Two Semesters. I came here in December 2022.

  • @babitatrikha9654
    @babitatrikha9654 Рік тому

    Bhaaji...31st of April kaun se Calendar mein aati hai....???

  • @moizjamia
    @moizjamia Рік тому

    Gursahib i came here in december but got my sin in 10 of January, so should i also file tax?

  • @shamangill2930
    @shamangill2930 Рік тому

    Is there any negative impact of welcome Canada on PR?

  • @jayantchawla3198
    @jayantchawla3198 Рік тому +3

    Hey buddy, can you please throw some light on the topic related to people coming first time as immigrants to canada carrying their ANDROID PHONE like Xiaomi, Redimi etc... Will they work here??
    Also, other than samsung n apple, which Android fone should we bring from India both for whatsApp n local calling.
    Please suggest

    • @canadianjatti
      @canadianjatti Рік тому

      any unlocked phone will work. just need to get a canadian number and SIM card once you're here.

  • @anaybaid
    @anaybaid Рік тому +1

    Hey Gurusahib!! This is Anay Baid and I study Computer Science at UWaterloo. I'm in 1st year and I'm originally from India. Do let me know if you might need a tour, I'd be so happy to show you around!! I live on Campus. Will be amazing to get in touch and collaborate with you, sir.. Thank you.

  • @almashlakdawala9903
    @almashlakdawala9903 Рік тому

    I did Diploma in Computer Engineering can you tell me after BTech Canada move Hona Sahi he?
    Ya fir abhi 2 years Ka course lekar Canada move Hona best he ?

  • @divyadd4074
    @divyadd4074 6 місяців тому

    if we dont have lease on our name, can we still get refund in income tax in canada ?

  • @jytmysterious568
    @jytmysterious568 5 місяців тому

    What’s deadline for 2022 tax filing

  • @mihir9608
    @mihir9608 Рік тому +3

    Gursahib,
    9:47 onwards
    Stocks/etfs can be bought in RRSP as well
    Also, in your example the capital gain was 110-110 = $10(capital gain), but only 50% of capital gains are taxed, which means the tax will be payable on $10x50%= $5. Since the tax rate is 30% , the individual will pay $5x30% = $1.5

  • @AnwarShaikh-wb9wb
    @AnwarShaikh-wb9wb 5 місяців тому

    Good morning sir ji, can you tell me which is the best tax agency in calgary, because my son study in calgary and need to file tax. so please give me best tax agency name. Thank you.

  • @prathampatel033
    @prathampatel033 Рік тому +1

    Sir ji what about Manitoba province?

  • @__SUM__
    @__SUM__ Рік тому

    Thank you

  • @vkgamerff5905
    @vkgamerff5905 Рік тому +1

    Make a 1 specific video for medical students

  • @hlmuon5838
    @hlmuon5838 Рік тому

    Sastrikaal Paaji, Security guard ke kuch resume format batayen

  • @AnshGupta._10
    @AnshGupta._10 Рік тому

    Bhaiya yaar ek video Pharma Sector ke uper bhi bana do Canada me kya scope hai Pharma Sector ka🙏🏻🙏🏻bahut din se keh rha hu🙏🏻🙏🏻

  • @HarwinderSingh-mp9gj
    @HarwinderSingh-mp9gj 5 місяців тому

    I landed on 23 Dec but had my sin on 2 jan should I apply tax this year?

  • @devsheth7835
    @devsheth7835 Рік тому

    St. jerome University bhi hai, UoW ke piche

  • @taraneficgaming8471
    @taraneficgaming8471 Рік тому +1

    Hi Gursahib! I came to Canada as an International student in BC on 27th December 2022 and got my SIN on 29th. Do I still need to file taxes?

  • @prabhgunsingh16
    @prabhgunsingh16 Рік тому

    First as always 💫

  • @GamerH.O2930
    @GamerH.O2930 Рік тому

    How many percentage required in 12 standard in science stream to get admission in canada university please make aa video in this topic 🙏

  • @roda9347
    @roda9347 5 місяців тому

    I haven't filed my tax for 2023 can I do both together??2023 and 2024

  • @vivekbhanot8177
    @vivekbhanot8177 Рік тому

    What about those who have done online study from India during covid? Any clue?

  • @AryanKhan-1
    @AryanKhan-1 Рік тому

    I know it’s Off the Topic but Can u plz tell about the New Brunswick Pilot program Is real or Fale????

  • @availablemeans3217
    @availablemeans3217 Рік тому +2

    Hey Gursahib!! Can we get tax refund on fees which we paid for 1st year from india?

    • @malkeitkaur3046
      @malkeitkaur3046 Рік тому

      No
      Canada will refund prodessional servicea in Canada for nurses or something like that.
      Legal services if you hired a lawyer to represent you for employment loss wages only.

  • @blood8755
    @blood8755 Рік тому

    september 2023 mai jo aa rhe hai unka bhi same hog?

  • @sunny070
    @sunny070 Рік тому +2

    May 2023 me aane walo ka kya bro? Are our rules different than those who came in 2022?

  • @mandeepsingh-ve4yv
    @mandeepsingh-ve4yv Рік тому

    How much fees of tax filling agent ?

  • @kanveermanhas8534
    @kanveermanhas8534 Рік тому

    Please please please telll i have asked you alot of times you never reply is bba degree in canada worth it ? If not then what are the good degrees in canada after 12th commerce

  • @DOOBIEDOO777
    @DOOBIEDOO777 Рік тому

    Can anyone help me out Iam of age 16 and I want to study in Canada after 12th but there's a problem with me till the time I'll complete my 12th I will be 17 year old does any universities or college's allow 17-year-olds for admission and I don't have anyone having a or or or citizenship should I wait till age 18 or do I still have any chance?

  • @patanahi8879
    @patanahi8879 Рік тому

    Sir what about canadore college .?
    What about ur thoughts on this clg .?

  • @wangdisherpa9898
    @wangdisherpa9898 Рік тому

    Am I eligible, I came to Canada on dec 27, 2022 and made my sin number on Jan 4