Free tax tool
Tax Refund Estimator
Estimate whether you may receive a refund or owe a balance based on income, tax withheld, RRSP contributions, and other deductions.
Your inputs
This is a simplified estimate and does not replace a full tax calculation. Credits, benefits, multiple income types, and other factors may change the actual result.
Estimated results
Taxable income
$80,000
Estimated tax payable
$13,600
Tax withheld
$16,000
Estimated refund
$2,400
Based on an estimated average tax rate of 17.0%, your estimated tax payable is $13,600.
With tax withheld of $16,000, your estimated outcome is a refund of $2,400.