How I Got a $12,000+ Refund: Step-by-Step Wealthsimple Tax Tutorial for Canadians (2026)

Описание: Get free $25 before you file your tax
▶️ Wealthsimple Account - https://www.wealthsimple.com/invite/D...

I got a $12,089 tax refund this year.

No tricks.
No loopholes.
No secret accountant strategy.

In this video, I break down the exact math behind my refund and show you how it works step by step.

If you earn income in Canada and invest in RRSP or FHSA, this video will help you understand:

• How tax refunds actually work
• Why a refund is NOT “free money”
• How RRSP & FHSA reduce taxable income
• How much tax I actually owed
• Why no tax preparer can magically “increase” your refund
• The simple formula: Tax Paid – Tax Owed = Refund

I’ll walk you through:
✔ My income (T4 breakdown)
✔ RRSP & FHSA deductions
✔ EI & other slips
✔ Business expense deductions
✔ Federal + Provincial tax calculation
✔ Final tax owed vs tax already paid

If you make between $70k–$120k and don’t understand this, you’re probably overpaying tax.

This video is for:
• Students filing on their own
• Salaried employees
• Side hustlers & small business owners
• Anyone who wants to stop depending blindly on tax preparers

The goal is simple:
File your taxes yourself.
Understand your numbers.
Plan smarter.

Because tax refunds aren’t magic.
They’re math.

📌 Timestamps
00:00 – I got $12,089 back
01:17 – How refunds actually work
03:49 – Wealthsimple Tutorial
08:28 – Various tax deductions
10:31 – RRSP & FHSA impact
11:14 – Final tax calculation
14:28 – Big takeaway


This is not financial advice. Just sharing my real numbers and process to help you understand yours.

If this helps, consider subscribing to Money with Mayur for practical, real-world finance content in Canada.

#TaxRefund #RRSP #FHSA #CanadaTaxes #PersonalFinanceCanada #moneywithmayur