Yes, you're correct on that. In Canada, there isn't a creator fund on TikTok. The only country that has creator funding, from my understanding currently—and I don't know if there are plans to change that—is the States.
From speaking to creators in America, I know it's not the greatest scale of payment that they get from those views, but the difference is that YouTube plays videos. I have a YouTube channel, and when you're watching my content, the ads pop up midstream, so you have to watch the video to continue with it, whereas TikTok just advertises in general. However, they don't take any of the income that I make working with brands directly, so when a brand approaches my management and pitches an idea for me and my husband to promote their products, 100% of that income is mine.
Does that clarify your question?