Tax Refund Calculator

Enter your T4 employment income, the tax deducted and any RRSP deduction, plus any capital gains, dividends or other income, to estimate your federal and provincial refund, or what you'll owe, for your 2026 return.

Employment income

T4 box 14

Income tax deducted

T4 box 22

Province

RRSP deduction

Contributions you’re deducting

More options· Other income, capital gains and dividends

Other taxable income

Interest, rent, side income: anything without tax deducted

Capital gains

Profit from selling shares or property, outside a TFSA or RRSP

Eligible dividends

Most public companies (T5 box 24)

Other dividends

Small businesses (T5 box 10)

Your estimated refund

$593

2026 tax year, filed by April 30, 2027

Tax on your income: $10,541
Tax already deducted: $11,134

What this means

A refund means more tax was deducted from your pay than you owe for the year: it’s your own money coming back.

Each $1,000 you put in your RRSP and deduct adds about $297 to your refund, your top tax rate of 29.7%.

Next step

Breakdown

Taxable income	$67,335
Federal income tax	$6,868
Ontario income tax	$3,073
Ontario Health Premium	$600
Tax deducted	−$11,134
Refund	$593

What changes your refund

RRSP contributions made by the deadline (60 days into the new year) can be deducted for the past year.
Other credits you may claim: medical expenses, donations, tuition, child care, moving and union dues.
Benefits like the Canada Groceries and Essentials Benefit (formerly the GST/HST credit) and Canada Child Benefit aren’t part of the refund: they’re paid separately once you file.

Assumptions in this estimate

Uses the basic personal amount, the CPP/QPP and EI credits and the Canada employment amount, worked out from your employment income. Other credits and deductions aren’t included.
Assumes the right CPP and EI were deducted. With two or more jobs you may get some of those back too.
Half of capital gains is taxed. Dividends are grossed up and get the federal and provincial dividend tax credits; Ontario’s surtax is worked out before the credit. Self-employment income isn’t included: use the self-employed tax calculator.

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How your refund is worked out

Income: your employment income, plus any other taxable income.
Deductions: RRSP contributions you’re deducting, and enhanced CPP or QPP contributions, are taken off.
Tax: federal and provincial tax on what’s left, less the non-refundable credits everyone gets: the basic personal amount, credits for CPP or QPP and EI, and the Canada employment amount.
Refund: the tax deducted from your pay (T4 box 22) minus the tax you owe.

Other credits, such as medical expenses, donations, tuition and the disability amount, add to the refund but aren’t included here.

Last updated October 19, 2026

Frequently asked questions

When will I get my tax refund?

If you file online with direct deposit, the CRA usually sends your refund within about two weeks. Paper returns take about eight weeks. The deadline to file 2026 returns is April 30, 2027 (June 15 if you or your spouse are self-employed, though any balance is still due April 30).

Why am I getting a refund?

Usually because more tax was deducted from your pay than you owe for the year, for example because you contributed to an RRSP, had medical expenses or donations, or didn't work the whole year. A refund is your own money coming back.

How much does an RRSP contribution add to my refund?

About your top tax rate. If your combined federal and provincial rate is 30%, a $1,000 RRSP contribution adds about $300 to your refund. Contributions made in the first 60 days of 2027 can still be deducted on your 2026 return.

How are capital gains and dividends taxed?

Half of a capital gain is added to your income and taxed at your normal rate. Dividends are grossed up (by 38% for eligible dividends from most public companies, 15% for others), then you get a dividend tax credit, so eligible dividends are taxed at a lower rate than wages. Enter them under "More options".

Why do I owe tax?

Usually because some income had no tax, or too little, deducted, such as a second job, self-employment, interest or rent. You can ask your employer to deduct more, or pay instalments, to avoid a bill next year.

How does it work in Quebec?

Quebec residents file two returns, a federal return with the CRA and a Quebec return with Revenu Québec, and get a separate refund or balance from each. The calculator shows both.