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While filing taxes can seem like a daunting task, many students look forward to tax season as the unique credits and deductions available to them often in a refund , just in time for the summer break! For a simple and accurate way to estimate your tax refund , use our easy to use calculator. Know Your Taxes Befor You E-file Your Taxes on efile. A tax return calculator takes all this into account to show you whether you can expect a refund or not, and give you an estimate of how much to expect.
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People with more complex tax situations should use the instructions in Publication 50 Tax Withholding and Estimated Tax. This includes taxpayers who owe alternative minimum tax or certain other taxes, and people with long-term capital gains or qualified dividends. Search our frequently asked questions to find more about Tax and other relevant information. In addition to our Tax Return Estimator , we offer a variety of resources for calculating your taxes and getting the refund you deserve. Remember the Tax Calculator is a quick tool to help plan your tax year and ensure you’re accounting for the right amount of tax.
It’s important to use the calculator whenever your tax situation changes or as you become more confident in your estimated amounts. Free Canadian income tax calculator quickly estimates your income tax refund or taxes owe federal and provincial tax brackets plus your marginal and average tax rates.
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