i just netfiled my taxes with the CRA, using free tax software online. i filled out all of the forms and double checked everything, and my return amount is a little over 2,300. i had an income of about 17,000. i%26#039;m not a student, but i have one 1 year old child who i claimed as an eligible dependent. i live in ontario, if that information helps at all. the amount of tax deducted at my job was 1100, and the other income i claimed was not taxable. i know that i should be getting the WITB, the sales tax credit, and some money back for the exorbitant rent i%26#039;ve been paying... but 2300 bucks? something seems wrong here.
Does this tax refund seem way too high?
its not wrong, the earned income tax credit went up this year. so we%26#039;re all getting more.
i got over $4500 this year for my refund.
enjoy it.
Does this tax refund seem way too high?
No, the refund actually seems fine.
Your personal exception is $9600. That means you can make that much without pay ANY income taxes. Since you can claim the amount for an eligible dependent (I%26#039;m assuming you are a single parent), that means you can claim an additional $9600 tax-free.
Therefore a total of $19200 of income is tax free. You made less than that, therefore all of your taxes paid are returned, plus additional credits earned.
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