I want to see how much my refund will be. I have all my pay stubs but not all my t4's. How do I figure it out

Answer 1

1. Collect your most recent paystub from each employer.
2. Add up all of your Gross Incomes.
3. Add up all of your EI paid.
4. Add up all of your CPP paid.
5. Add up your income tax deducted.
6. Figure out what province you live in.
7. Go to http://www.ey.com/global/content.nsf/Canada/Tax_-_Calculators_-_Overview and enter the Gross Income you figured out. See how much tax you should've paid. Write this number down.
8. If your CPP paid is over $1910.70, then the difference will be refunded to you. If you paid more than this, subtract this number from what you paid and write it down.
9. If your EI paid is over $729.30, then the overpayment you made will be refunded. If you paid more than this in EI, subtract this value from what you paid and write this number down.
10. If you paid more taxes than what you should have (see step 7) then subtract the value from step 7 from what you actually paid. If you didn't pay enough tax, subtract the amount you paid from what you should've paid. Keep this number handy.
11. Now, the tricky part: Add up your overpayments of CPP and EI, and add or subtract your overpayment or underpayment of taxes.

This should provide you with a rough estimate as to whether or not you will be receiving a return or having to cough up the difference. It does not include any RRSP or tuition information, etc., so you should just get your tax software and practise doing your taxes before your T4s come.

Hope this helps.

Answer 2

there are many websites that have free online tax calculator/estimator. you can extimate your t4s or w2s, etc, plug in the values and it will give an estimated tax refund/due. try taxact, taxcut, turbo tax

Answer 3

Your employer should have provided you with a w-2 by the end of january. It's the law.