Tax Basics and "The Next Bracket" Myth

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EPISODE SUMMARY

Evan guides you through the basics of Canadian tax and helps you understand how income tax works in our country.  Evan also touches on the “next bracket myth” and helps clarify some common misunderstandings. 

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TOPICS IN THIS EPISODE

1. Tax basics 
2. Explaining a progressive tax system 
3. Understanding average vs. marginal tax rate 
4. The Next Bracket Myth

RESOURCES MENTIONED

EY Tax Calculator and Rates 

Government of Canada - Understanding Your Pay Stub


OTHER EPISODES

14. How to File Your Taxes in 2021 Featuring Luke Hergott, CPA

25. Reduce Taxes with a Spousal RRSP 

41. Reduce Your Taxes with Deductions and Credits


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