Canada T1 Tax Return Estimate
Add up your year's income - employment, self-employment, Canadian dividends and capital gains - take off your RRSP, and PayGlance estimates your federal and provincial tax, then compares it with the tax already withheld to show a refund or balance owing. Pick your province for the right rates.
How to use it
- Pick your province and enter income. Employment (T4), self-employment, other income, dividends and capital gains.
- Add RRSP and tax withheld. Your RRSP deduction and the income tax already withheld (T4 box 22).
- See your position. PayGlance shows federal + provincial tax, the dividend tax credits, and whether you're due a refund or owe a balance.
FAQs
How are Canadian dividends taxed?
Eligible dividends (from public companies) are grossed up 38% and get a 15.02% federal dividend tax credit; non-eligible dividends (from small CCPCs) are grossed up 15% with a 9.03% federal credit. Provinces add their own credit. PayGlance applies the provincial credit for Ontario, BC and Alberta and the federal credit everywhere.
How much of a capital gain is taxable?
50% of a capital gain is included in income for 2026 - the proposed increase to 66.67% above $250,000 was cancelled. The taxable half is added to your income and taxed at your marginal rate.
Is this an official return?
No - it's an estimate to help you plan before filing your T1 with the CRA. It uses the Basic Personal Amount, CPP and EI credits; other credits and deductions aren't included, and Quebec's provincial return (TP-1) is separate. Confirm against CRA.