10 Financial MISTAKES to AVOID in Canada!! Don't Make these Money Mistakes | Life in Canada

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  • Опубліковано 11 січ 2025

КОМЕНТАРІ • 119

  • @TobiDerin
    @TobiDerin  3 роки тому +9

    Hey friends! 👋🏾 Another informative video to watch. Please don’t forget to hit the LIKE button if you appreciate this video! ☺️🙏🏾🤍

    • @maymary9191
      @maymary9191 2 роки тому

      Hi Tobi, do you mind sharing the name of the lipstain or lipstick you're wearing? It's so lovely.

  • @redbunnyclassic
    @redbunnyclassic 2 роки тому +12

    Good quality information, explained in simple to understand terms.
    00:00 Intro
    01:14 Tax advantage account / Tax-deferred account
    02:24 Not investing
    03:38 Not continually investing in self
    04:16 Not negotiating your salary
    05:26 Not Opening RESP accounts for your kids.
    06:36 Pension plans
    9:49 Credit (not using credit wisely)
    10:19 Not taking time to understand the tax system
    11:20 Not thinking of financial future
    13:18 Life insurance
    14:20 Co-signing loans
    15:55 Smash the like button, subscribe and share!
    🤍

  • @taiwoakande2163
    @taiwoakande2163 3 роки тому +28

    Nice video. My own advise for the newcomer’s, 1, Do not buy what you can not afford,. 2, your credit card is not a free money. 3, When you ask questions you are fool for a minute when you don’t ask you are a fool forever. 4. Learn from others mistakes.

    • @TobiDerin
      @TobiDerin  3 роки тому

      Great tips, thanks for sharing! Number 3 💯

  • @TheFisayo
    @TheFisayo 2 роки тому +5

    Welldone Tobi, and thank you for sharing this, people stay in Canada for as long as 7 years without having access to this kind of information. I just came to Canada and I already opened some of the accounts you mentioned because I have good people around me that gave me good advice. Thank you for sharing here.

  • @nicolenyasha
    @nicolenyasha 3 роки тому +21

    As someone who works in HR and makes hiring decision almost daily I will say YOU WONT LOSE AN OFFER BECAUSE YOU ASKED FOR MORE! Great point, thank you, I see a lot of Canadians negotiate but immigrants don't do it and in my head Im like oh no 🤦‍♀️ I'd love to learn how you use your wealthsimple and quest trade accounts, I only use wealthsimple. I hate doing my own taxes, this is something I need to work on!

    • @atio5491
      @atio5491 3 роки тому +3

      I prefer Wealthsimple as it’s the only one that is free in Canada. The only issue is, if you want to buy US stocks, the free nature can work against you as that’s where they make their money. it then becomes better to look into quest trade.

    • @TobiDerin
      @TobiDerin  3 роки тому +3

      Preach girl!!!! I love that it's in caps. Thanks for sharing, our HR Professional 💕 Ati's response my reason. I use Questrade for USD to protect from currency conversion fees since one can have a USD account and Wealthsimple for my CDN investments. I know Wealthsimple has a USD account feature rolling in but I think there's a monthly fee for it.

    • @TobiDerin
      @TobiDerin  3 роки тому +2

      That's right! I use Wealthsimple for CDN and Questrade for my US.

    • @nyaniels79
      @nyaniels79 2 роки тому

      As you are in HR can you advise me on how to get a job in Canada; am a recent MSc Project Management graduate from the UK.

  • @dammy1111
    @dammy1111 3 роки тому +7

    Thank you so much Tobi for sharing and granting my request to make a video on the financial system in Canada, you are a real gem😀😘my fav Nigerian you tuber😁. It truly takes wisdom to maximize your fiances in Canada so one won't just be working hard and have little to nothing at the end. Please keep sharing as you learn more o, we must make it financially in Canada, and 100k followers on this channel before the the end of the year! Cheers😁😁❤

    • @TobiDerin
      @TobiDerin  3 роки тому +1

      My pleasure! I was actually going to go back to your request in the comments to link this video for you, more coming! Yes o! Amen 🙏 Love you 💕

  • @maryedwin8487
    @maryedwin8487 3 роки тому +2

    Thanks dear to opening people's eyes to the things happening in Canada. May God bless you.

    • @TobiDerin
      @TobiDerin  3 роки тому

      That’s the goal! Thanks for watching, Amen & you too 🙏🏾

  • @emmanuellaumoera8086
    @emmanuellaumoera8086 3 роки тому +3

    Wow this was powerful.. I won't mind more of things like this.. thank you

    • @TobiDerin
      @TobiDerin  3 роки тому +1

      Glad you enjoyed it sis! 💕

  • @igeolamide46
    @igeolamide46 3 роки тому +2

    Hii Tobi could you Please elaborate more on the RESP account in your next video

  • @Quintaline
    @Quintaline 3 роки тому +2

    Wow..I can't thank you enough.timely video.

  • @ehima
    @ehima 3 роки тому +2

    Very informative! Thank you Tobi!

    • @TobiDerin
      @TobiDerin  3 роки тому

      Thanks babe! ❤️❤️

  • @folaa316
    @folaa316 3 роки тому +4

    This is so informative! Thanks for always sharing your wealth of knowledge with us for free👌👍🏽❤️

    • @TobiDerin
      @TobiDerin  3 роки тому

      You are so welcome! 😊

  • @ifunanyachukwusalem1881
    @ifunanyachukwusalem1881 2 роки тому

    NICE ONE MA. THANKS.

  • @reenaisikaku
    @reenaisikaku 3 роки тому +2

    Info packed. Thank you Tobi 🙏🏽

    • @TobiDerin
      @TobiDerin  3 роки тому

      Any time! Thanks for watching 💕

  • @bilikisa.w2846
    @bilikisa.w2846 3 роки тому +1

    Been waiting on these type of video. Thank you for sharing!!.
    And yes, please teach us how to invest!. Enjoyed the video!! Thank you.

    • @TobiDerin
      @TobiDerin  3 роки тому

      You got it! More to come! Thanks for watching 💕

  • @unrulysuspect
    @unrulysuspect 3 роки тому +2

    Happy new year Tobi,

  • @ineyemildred9445
    @ineyemildred9445 3 роки тому +1

    yes for the TFSA and RRSA

  • @agborruth9934
    @agborruth9934 3 роки тому +1

    You are glowing!

  • @financewithlance
    @financewithlance 2 роки тому

    Great tips!!!

  • @isiomachris-ossai4437
    @isiomachris-ossai4437 3 роки тому +1

    Very informative content! Plus you look so beautiful! Well done girl!!!

    • @TobiDerin
      @TobiDerin  3 роки тому

      Thanks Isioma! 🥰 ❤️

  • @NewBeginnings000
    @NewBeginnings000 3 роки тому +1

    Great video. Kudos.

  • @preciousokenchi7636
    @preciousokenchi7636 3 роки тому +1

    You truly give the best information ❤️
    Please what camera are you using?

    • @TobiDerin
      @TobiDerin  3 роки тому

      Glad you enjoyed the video! It's a canon camera - www.amazon.ca/dp/B07WFQZ6FL?ref=exp_tobiadekeye_dp_vv_d&th=1

  • @praiseokechukwu4021
    @praiseokechukwu4021 3 роки тому +1

    Very informative content.
    Thanks

  • @chiamakanwaribe1473
    @chiamakanwaribe1473 3 роки тому +1

    Nice one!!

    • @TobiDerin
      @TobiDerin  3 роки тому

      Thanks for watching 💕

  • @Yourgirlbibi
    @Yourgirlbibi 3 роки тому +2

    Tobi dear, your videos are worth watching!!! You actually open my eyes on a lot, and for free ❣️🥰Thank you and God bless you for this video darling 💗💗💗 Happy new year 💖💖💖

    • @TobiDerin
      @TobiDerin  3 роки тому

      Thanks girl! Amen 🙏🏾❤️❤️ God bless you too b! Happy new year! 🥂

  • @toniakache513
    @toniakache513 3 роки тому +1

    You look so beautiful Tobi and your skin is glowing 🥰🥰🥰🥰
    PS : your doing a good job 👍🏼

    • @TobiDerin
      @TobiDerin  3 роки тому

      Thank youu ❤️ ❤️

  • @thatmsloubs
    @thatmsloubs 3 роки тому +1

    Nice one 👍🏾

    • @TobiDerin
      @TobiDerin  3 роки тому

      Thanks for watching 💕

  • @adeade7932
    @adeade7932 2 роки тому +1

    Pls do a video on Tax advantage account / Tax-deferred account

  • @akinwumiakin-aina8164
    @akinwumiakin-aina8164 3 роки тому +2

    Thank you for this very useful information. Please I would love an investment video and if poss ible an analysis on tax savings accounts and retirement savings plan. Keep up the good work 🙌

    • @TobiDerin
      @TobiDerin  3 роки тому

      Thanks for watching! Noted! 💯

  • @pauloman5
    @pauloman5 3 роки тому +1

    Great information 👍

    • @TobiDerin
      @TobiDerin  3 роки тому

      Thanks for watching ❤️

  • @QueeniesLifeUnscripted
    @QueeniesLifeUnscripted 3 роки тому +1

    Hello Tobi, very informative video. I would like to see a video about tfsa accounts and how to invest in Canada.

    • @TobiDerin
      @TobiDerin  3 роки тому

      Thanks for watching! 😊 Noted!

  • @chinasaokwuama4440
    @chinasaokwuama4440 3 роки тому +1

    Thanks for the info Tobi. Pls I need advice on the investment. Am still studying, where do you think one can invest .

    • @TobiDerin
      @TobiDerin  3 роки тому

      Thanks for watching b! More info coming up, I invest int he stock market

  • @getrudechapuisat6630
    @getrudechapuisat6630 3 роки тому +1

    Wow 👌......Babe you don burst my brain. This CANADA LIFE HACKS

    • @TobiDerin
      @TobiDerin  3 роки тому

      Yess! thanks for watching 😊

  • @Henrystar5176
    @Henrystar5176 3 роки тому +1

    Tobi my crush 🥰 thanks for the wonderful information remain blessed dear👍

    • @TobiDerin
      @TobiDerin  3 роки тому +1

      Aww 🥰 thanks for watching. You too 🙏🏾

  • @mimio9315
    @mimio9315 3 роки тому +3

    Hi Tobi, Please where can we get more information about loans, mortgages and pensions. I am new in Canada

    • @TobiDerin
      @TobiDerin  3 роки тому

      Hi Mimi, welcome to Canada! 🤗 You can as for pension, for loans and mortgage you can reach out to financial institutions, a lot of them offer and have great programs for newcomers (less than 2 years in Canada). I know RBC has a program like that but you can look out for more and go with the one that's best. I would suggest to take advantage of your employer's plan because the fee will be less.

    • @mimio9315
      @mimio9315 3 роки тому

      @@TobiDerin Thanks Tobi

    • @diamondjessica4633
      @diamondjessica4633 2 роки тому

      @@TobiDerin thanks for dis information.. pls what advice do u have for relocation with family to cannada, what nd what is required pls,is it advice at dis period nd I also had that Canada visa is not going through right now..

  • @daniellaoku5990
    @daniellaoku5990 3 роки тому +2

    Pls speak more about the Tax saving accounts plixxxxx

    • @TobiDerin
      @TobiDerin  3 роки тому

      Noted, thanks for watching 💕

  • @_freeborn
    @_freeborn 3 роки тому +3

    Thanks for this video sis. I learned a lot. I remember when my uncle co-signed to his friend's loan in Kaduna,it was a loan from LAPO, his friend fled to Ghana, his life became very hard and he was treated as if he was the lender. LAPO can be very scary in Nigeria. BTW sis,you sound like you're from kwara state.

    • @TobiDerin
      @TobiDerin  3 роки тому +3

      Thanks for watching! Wow, co-signing is a big risk 😔. Really? haha, how do Kwara people sound I want to know because this is the first time I'm hearing this and you're 100% right, I'm from Kwara state.

  • @damilolaafolabi1325
    @damilolaafolabi1325 3 роки тому +1

    Hi Tobi, is there a way new comers can compare salary to know what the industry average is? So as to help in negotiating.

    • @TobiDerin
      @TobiDerin  3 роки тому +1

      Yes! There are platforms like - Glassdoor, indeed, payscale. I find pay scale to be more up to date. If you're in Tech you can use levels.fyi. It's also good to not inform the company about your desired salary range because they might be offering more, just so you don't end up lowballing yourself. Get their salary range first then work with that by doing research on those platforms and maybe reach out to anyone you know in that industry to ask for the salary range for that position to avoid lowballing yourself.

    • @damilolaafolabi1325
      @damilolaafolabi1325 3 роки тому

      @@TobiDerin ok thanks

  • @osiomogieasekome8799
    @osiomogieasekome8799 3 роки тому +3

    How about filing taxes as a student? Cos something I haven't really seen much about

    • @helenzion
      @helenzion 3 роки тому +3

      Yes Tobi, please do a video about this!

    • @QueeniesLifeUnscripted
      @QueeniesLifeUnscripted 3 роки тому +1

      I would also like to see a video on this, this isn’t talked about much for international students

    • @jegedeoluwatoyin8173
      @jegedeoluwatoyin8173 3 роки тому +1

      Samehere. I would like to see a video on this Tobi

    • @TobiDerin
      @TobiDerin  3 роки тому

      You should file your taxes as an international student, it's actually the same filling process for everyone (they don't separate international students from Canadian students or even workers) - just that you will have the tuition fee form - T2202 which your school will provide and will receive tuition credits (both provincial and federal which will help you in the long run in Canada). You may also be eligible for other benefits such as OTB if you live in Ontario and other refunds/benefits. If you work part-time or full-time during summer you might get a tax refund, even if you don't work you should still file.

    • @TobiDerin
      @TobiDerin  3 роки тому +1

      I'll add this to my list, see my reply below also.

  • @stayingpurposefulwithfowor2855
    @stayingpurposefulwithfowor2855 3 роки тому +1

    Nice one

  • @davidashibi1642
    @davidashibi1642 3 роки тому +1

    Great 👍 👌

    • @TobiDerin
      @TobiDerin  3 роки тому

      Thanks for always supporting! 😊

  • @osiomogieasekome8799
    @osiomogieasekome8799 3 роки тому +1

    Make video on the investment

    • @TobiDerin
      @TobiDerin  3 роки тому

      Noted, thanks for watching 😊

  • @gyamfisaviour6188
    @gyamfisaviour6188 3 роки тому +1

    Nice video

  • @mander4684
    @mander4684 2 роки тому

    Ok👍👍👍👍🏼👍👍👍

  • @saraheyong6282
    @saraheyong6282 3 роки тому +1

    Investments videooo

  • @fafiechivasa6382
    @fafiechivasa6382 3 роки тому +1

    I'm first today yey

    • @TobiDerin
      @TobiDerin  3 роки тому

      Thanks love!! 💃🏾💃🏾❤️

  • @abdulidi733
    @abdulidi733 3 роки тому +2

    Chai my people make Una no co-sign loan for any pikin wo. If you do that, it leads to wahala for your head. Abdul Omo 9ja-USA

    • @TobiDerin
      @TobiDerin  3 роки тому

      Totally 💯 Thanks for sharing!

  • @ChamicaRichards
    @ChamicaRichards 3 роки тому +1

    I appreciate this video. I have a question, even as an international student should I still file my taxes?

    • @buchi8866
      @buchi8866 3 роки тому +2

      Yes you can

    • @ChamicaRichards
      @ChamicaRichards 3 роки тому

      @@buchi8866 thank 😊 youuuuu

    • @TobiDerin
      @TobiDerin  3 роки тому +1

      Thanks b, yes! file as an international student and you may be eligible for benefits such as OTB if you stay in Ontario, tax refunds if eligible and much more!

  • @kevinpreciousfawehinmi9350
    @kevinpreciousfawehinmi9350 3 роки тому +2

    Yes to the investment video pls ❤️

    • @TobiDerin
      @TobiDerin  3 роки тому

      Will add this to my list! Thanks for watching ❤️

  • @marianatessa6258
    @marianatessa6258 2 роки тому

    Wow

  • @Quintaline
    @Quintaline 3 роки тому +1

    I had to watch twice

    • @TobiDerin
      @TobiDerin  3 роки тому

      Glad you enjoyed it! 😊

  • @michaelchimaobi7392
    @michaelchimaobi7392 2 роки тому

    You are looking more beautiful

  • @samsonzarus6998
    @samsonzarus6998 3 роки тому +1

    Help me with a job please

  • @Blackquennie91
    @Blackquennie91 3 роки тому +1

    My best youtuber, you are glowing!!!!
    I have already liked your video. Let me go watch it now :)

    • @TobiDerin
      @TobiDerin  3 роки тому +1

      Awwww my sweet sis! Thank you ❤️❤️

  • @onomairoadeleke9250
    @onomairoadeleke9250 2 роки тому

    Really great Information.thanks

  • @brianmapingere
    @brianmapingere 3 роки тому +2

    Very informative ✌

  • @ejimaduhenry2325
    @ejimaduhenry2325 3 роки тому +1

    Nice one

  • @laolulawson9660
    @laolulawson9660 2 роки тому

    Nice one