Tax Refund
Calculator 2025
Will you get a refund or owe money to CRA? Enter your income and deductions to find out exactly how much you'll get back—or need to pay.
Refund or Owing?
See instantly whether you'll receive a refund from CRA or owe additional taxes. Based on your actual income and taxes paid.
Maximize Your Refund
Get personalized recommendations to increase your refund with RRSP, FHSA, and other deductions you may be missing.
All Provinces Supported
Accurate calculations for all Canadian provinces and territories, including Quebec's unique tax system.
Province/Territory
Income Sources
Click + to add your first income source
Deductions & Credits
How to Maximize Your Tax Refund
Contribute to RRSP
RRSP contributions directly reduce your taxable income. A $5,000 contribution at a 30% marginal rate = $1,500 refund increase.
Open an FHSA
First Home Savings Account offers RRSP-like deductions plus tax-free growth. Up to $8,000/year deduction.
Claim Childcare
Childcare expenses are deductible. Daycare, camps, and nannies can significantly reduce your taxes.
Medical Expenses
Claim medical expenses over 3% of income. Include prescriptions, dental, glasses, and travel for medical care.
Tax Refund FAQ
Why do I get a tax refund?
You get a refund when your employer withheld more tax than you actually owe. This happens when you have deductions (RRSP, childcare), credits (tuition, donations), or if your employer over-withheld based on incorrect TD1 forms.
Why do I owe money instead of getting a refund?
You owe when not enough tax was withheld. Common reasons: multiple jobs, self-employment income, investment income, or incorrect TD1 claims. Consider adjusting your withholding.
When is the deadline to file for a refund?
You can claim a refund for up to 10 years. However, filing by April 30 avoids penalties on any balance owing and ensures timely benefit payments.
How can I get my refund faster?
File electronically through NETFILE, sign up for direct deposit with CRA, and file early. CRA processes 90% of e-filed returns within 2 weeks.
How BracketBuddy Works
Enter Your Income
Add all your income sources: employment (T4), self-employment, investments, rental properties, and more. Use your paystub or tax slips to fill in the details.
Add Deductions
Enter your RRSP contributions, FHSA, childcare expenses, and other deductions that reduce your taxable income.
Get Your Results
See your estimated federal and provincial taxes, effective tax rate, and whether you'll owe money or get a refund.
Optimize & File
Review personalized recommendations to reduce your tax bill, then file your taxes with confidence.