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annie7
New Member

Why do I get $2,606 back with a $23,000 RRSP contribution win 2018 when all I paid in was $1,358?

 
1 Best answer

Accepted Solutions

Why do I get $2,606 back with a $23,000 RRSP contribution win 2018 when all I paid in was $1,358?

Check your detailed summary.

Click 2018 Tax refund on the left just under the refund.

Click "View Detailed tax summary"

Scroll all the way down to "Payments and credits"

You may have a CPP or EI over payment. 

Climate action incentive at line 449 is a refundable credit if you lived in a qualifying province. 

You may have the refundable medical or Working income tax benefit. 


In any case, there are many reasons you could be getting more back than what you paid in.

View solution in original post

1 Reply

Why do I get $2,606 back with a $23,000 RRSP contribution win 2018 when all I paid in was $1,358?

Check your detailed summary.

Click 2018 Tax refund on the left just under the refund.

Click "View Detailed tax summary"

Scroll all the way down to "Payments and credits"

You may have a CPP or EI over payment. 

Climate action incentive at line 449 is a refundable credit if you lived in a qualifying province. 

You may have the refundable medical or Working income tax benefit. 


In any case, there are many reasons you could be getting more back than what you paid in.