Welcome back to the second installment of “The Layman’s Guide to Tax Planning in Canada.”
In this series, we exploe the topic of income taxes and how proper tax planning can make a big difference to your finances.
In Part 1, we surveyed the general landscape of the tax structure in Canada, which federal bodies are involved, and the differences between proper tax planning, avoidance, and evasion.
In this segment, you’ll learn how Canada’s progressive income tax system works and what Marginal Tax Rates (MTR’s) are. Understanding marginal tax rates is very important to proper tax planning for many ...