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hi everyone in this video Im going to show you how to calculate income taxes and deductions in Canada I know first of all if we jump into this what are income taxes and deductions so the idea behind income taxes is that we need to pay for various services that the government provides for us like this education Im giving you right now it gets paid for by tax payers but also healthcare roads police fire ambulances military diplomats around the world protecting Canadian interests the list goes on and on and on there are many many many services that make more sense to do centralized by the government than for each individual person to do for themselves and so as a society weve agreed that we want to pay taxes to get those services and thats income taxes in Canada there are two other deductions taken off of everyones paycheck at least as soon as you turn 18 if youre under 18 you dont pay all of these but once youre an adult you pay into something called AI and into CPP so E is emplo