Stock Market: How Taxes Work In Canada (2019)

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📈 My Personal Portfolio & Trading Updates | Stock Market Membership Group ➤ https://brandonbeavisinvesting.teachable.com/p/brandonbeavisinvesting-stockmarket

Today we’ll talk about how taxes work in Canada.

https://turbotax.intuit.ca/tips/the-federal-dividend-tax-credit-in-canada-332

https://www.theglobeandmail.com/globe-investor/investment-ideas/strategy-lab/dividend-investing/you-do-the-math-almost-50000-in-earned-dividends-0-in-tax/article4599950/

TFSA Explained – https://www.youtube.com/watch?v=fcQVmZp0G-Y&t

RRSP Explained – https://www.youtube.com/watch?v=mR2jA0sd3cE

W8-Ben Form – https://www.irs.gov/pub/irs-pdf/fw8ben.pdf

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About Brandon Beavis:

Brandon Beavis was one of the youngest advisors to become fully-licensed here in Canada.

In 2013, Brandon officially began his industry studies. Over the years he has completed his CSC (Canadian Securities Course), CPH (Conduct & Practices Handbook), WME (Wealth Management Essentials), 90-day Investment Advisor Training Program, attended the Manulife Professional Development Workshop in Oakville, ON, and attended countless industry seminars, conferences & events to help further his learning.

At age 20, he became a fully-licensed Investment Advisor, working for one of Canada’s largest Investment Brokers, Manulife Securities. For the past 3 years, he has worked alongside a highly experienced team at Beavis Wealth Management, specializing in High-Net-Worth Investing. He’s had the opportunity to work under his Father, an advisor of over 25 years, and has dealt hands-on with client portfolios, involving; analyzing, building, and managing multi-million dollar client accounts. He is also currently serving as the Chief Research Officer at Beavis Wealth Management.

For compliance issues, he has suspended his license to pursue building up his YouTube channel.

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My goal with this channel is to educate and bring awareness to the importance of investing, especially amongst the younger generation. Investing is something that each and every one of us should be doing and it’s the ones that take action now that will be rewarded down the road.

Comments

Brandon Beavis Investing says:

As requested, here is a video on how taxes work in Canada – Enjoy! 🙂

Carina Oliveira says:

We need more videos like this. It is soooo important that we understand how our taxes work for each situation, and how to best optimize our investment plans around them. Thank you!

R S says:

haha great video, we are like your cat at 5:39 "i wanna hear you talk about taxes".

Anh Nguyen says:

hey Brandon, is there a case where an ETF/ Mutual fund is a mix of Canadian and US stocks? if yes, how will tax work in this case?

btw just follow ur channel, very informative, well explained concepts 🙂

UNoxNinja says:

Does Forex count as capital gain or they fit in another category?

electricskye says:

Zyzz! Do you need to submit the W-8BEN form for an RRSP account? Or only for TFSA and non-registerred accounts?

LocalChannel Trading says:

Great Video, Quality content keep it up!

amanda krishna says:

Awesome video! Thanks 🙂

John Max says:

Well explained and perfect timing for income tax in Canada at this moment!

Azu Shi says:

can you make a guide on how to trade using TFSA and RRSP?

Nicholas Peitsch says:

Great video! Would appreciate more calculations on the dividend taxes though!

Raycardo says:

Hey Brandon! Great video!

A question I had is, if you are investing in stocks in a TFSA, you don't get taxed in Canada. But if within your TFSA, you hold US stocks, are you subject to paying US tax on those US stocks? If so, how does that work?

Amit Anand says:

Excellent analysis of taxes Brandon, I live in Canada and can truly relate to it. Though my investments are in TFSA only 😀

Dean Oudhini says:

Thanks for great video
Question,Isn’t it better to hold American stocks in a rrsp account for tax purposes as apposed to non registered account.
As well is dividend income more favourably taxed when you don’t exceed a certain amount ex: 75000 per year would that amount be taxed less than capital gains.

Investing Robinhood Investor says:

Great video Brandon! Everyone is so focused on gains and not taxes so glad you covered this

Thérèse Gilbert says:

gréât vidéo brandon. but how are the proceeds of short sales taxed?

Hassan's Investing journey says:

In most of my Holdings I try to hold it for at least a year so I get long term capital gains which is 15 % . I live in the United States.

Luis Demetrio says:

Good information! Thank you

Free2Play says:

This is very helpful.

Question.
1.Do WealthSimple/Questrade send a Income Tax slip yearly with your Capital Gain/Loss + Dividend so I can just plug in the number and hope for the best. Or am I suppose to keep track of my CG/CL of the year.

2.Who is withholding these 30% divident. US Govt? The form… is very US. SSN … am I suppose to replace it with SIN. lol. This also might sound silly… the dividend that are paid out to me in QuestTrade.
I can buy another ETF with (all my dividends I earned).. and still have to subject to this tax? (I believe the answer is Yes. you answered it in the video)

Side note: Protein powder + preworkout. Then I see a frosted flake. This gotta be a dirty bulk

sparkys70 says:

Out of curiosity, who would you send the W8 BEN form to? CRA or IRS?

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