2019 Tax Refund Calculator Ontario
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Reviewed by Calculator Editorial Team
Use this 2019 Ontario tax refund calculator to estimate your tax refund amount. The calculator uses the 2019 Ontario tax rates and provides a quick estimate of your potential refund based on your taxable income and deductions.
How to Use This Calculator
To calculate your 2019 Ontario tax refund:
- Enter your total taxable income for 2019 in the first field.
- Enter any applicable deductions in the second field.
- Click the "Calculate" button to see your estimated refund.
The calculator will display your estimated tax refund amount based on the 2019 Ontario tax rates. Remember that this is an estimate and your actual refund may vary.
Tax Refund Formula
The tax refund is calculated by subtracting your total tax liability from your total taxable income. The formula is:
Tax Refund Formula
Tax Refund = Taxable Income - Tax Liability
Where Tax Liability is calculated using the 2019 Ontario tax brackets.
The 2019 Ontario tax brackets were as follows:
- 0% on the first $43,906 of taxable income
- 15% on the next $43,907 to $87,813
- 26.52% on the next $87,814 to $150,000
- 35.02% on taxable income over $150,000
Note
This calculator uses the 2019 Ontario tax rates. For current tax rates, please consult the Canada Revenue Agency website.
Worked Example
Let's calculate the tax refund for someone with a taxable income of $100,000 and no deductions.
- Calculate the tax liability using the 2019 Ontario tax brackets:
- $43,906 × 0% = $0
- ($87,813 - $43,906) × 15% = $6,436.05
- ($100,000 - $87,813) × 26.52% = $3,287.04
- Total tax liability = $0 + $6,436.05 + $3,287.04 = $9,723.09
- Calculate the tax refund:
- $100,000 - $9,723.09 = $90,276.91
Therefore, the estimated tax refund for this example is $90,276.91.
Frequently Asked Questions
What is a tax refund?
A tax refund is the amount of money you receive from the government if you paid more in taxes than you were actually owed for the year. This can happen if you claimed too many deductions or credits, or if your income was lower than you expected.
How do I get my tax refund?
If you're due a refund, the Canada Revenue Agency (CRA) will send you a cheque or direct deposit it into your bank account. The timing depends on when you filed your return and how the CRA processes your return.
Can I get a tax refund if I didn't file a tax return?
No, you must file a tax return to be eligible for a refund. If you didn't file a return, you won't receive a refund, even if you paid more in taxes than you owed.
What if I think I'm owed a refund but the calculator shows zero?
If the calculator shows zero, it means your tax liability equals your taxable income. Double-check your calculations and consult a tax professional if you believe you're entitled to a refund.