Guides
The parts of a Canadian tax return that decide what you actually take home — and the two mistakes that cost the most.
How to work out your real take-home pay from your tax return
Your net paycheque times 26 is not your take-home pay. Here is how to derive the real figure from your T1 and TP-1, line by line.
Read thisThe refundable Québec abatement (line 44000): the $1,600 mistake
Québec residents get 16.5% of their basic federal tax back. Because the line sits below line 43500 on the return, almost every take-home calculation misses it.
Read thisThe double-subtraction trap: don't count your contributions twice
Your self-employed CPP and QPP contributions are already inside total payable. Subtracting them again costs thousands of dollars, in every province.
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