My tax return lowered by $2,000 after adding my second T4. I still make under $30,000 a year. What happened?

My tax return was estimated to be around $2,300 but dropped to $300 after claiming my second T4. I make under $30,000 a year but I was taxed heavily on my second T4. I live in Alberta but even last year with the same taxes and income, I had over $2000 return. What happened to change that?

288

Moderator

Feb 15, 2024 5:56:23 PM

I can't say for sure, since I can't see your return, but one possibility is that when you added your second T4, you no longer qualified for some income based credit, and it was removed.

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My tax return lowered by $2,000 after adding my second T4. I still make under $30,000 a year. What happened?