Filing taxes with my wife makes my refund go from $1700 to $23?
I am using StudioTax to do our returns (I've used it the last 4 years).
When I complete all my info (T4, RRSP contributions, $110 in donations), it shows I am getting back $1,775. Awesome. Now, when I go and complete all my wifes info, it shows I am only getting back $23.
I'm not too familiar with how taxes work, but can anyone shed some light on why this may be happening?
My info
$63,462
$11,838 income tax deduced
$2,163 - CPP
$747 - EI
$110 in donations
$1,130 into RRSPs
$17,958 - 2010 RRSP deduction limit
Wife
$43,555
$6,614 income tax deducted
$1,989 - CPP
$747 - EI
$1,130 into RRSPs
$13,905 - 2010 RRSP deduction limit
When I complete all my info (T4, RRSP contributions, $110 in donations), it shows I am getting back $1,775. Awesome. Now, when I go and complete all my wifes info, it shows I am only getting back $23.
I'm not too familiar with how taxes work, but can anyone shed some light on why this may be happening?
My info
$63,462
$11,838 income tax deduced
$2,163 - CPP
$747 - EI
$110 in donations
$1,130 into RRSPs
$17,958 - 2010 RRSP deduction limit
Wife
$43,555
$6,614 income tax deducted
$1,989 - CPP
$747 - EI
$1,130 into RRSPs
$13,905 - 2010 RRSP deduction limit