Comparing 2013 and 2014 returns, mostly the same but provincial and federal each 500 higher

I am retired

only variance between this year and last year was a took out an extra $3700 from RSP

Would this cause both my Federal and provincial payables to shoot up $500 each??

Total earnings was $23k

Is there something im missing???


It is quite possible.,because we have basic deductibles on both levels of government.  I don;t know exact numbers;however they are around 12000 $. The tax "hit" is combined 17% in Ontario (12% Feds and 5% ON) plus you may owe increased "health" tax. (in ON).Therefore your amount owed to CRA should increase by at least 700$, if not more. Please check your last year's return for deductibles and percentages and do some basic math...

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