At the beginning of every year (and for each new employee) each person is to complete TD1 Forms to calculate personal tax credits for tax calculation. Please have employee complete one each for Federal and Provincial.
Forms should be downloaded from the website and can be located at www.cra-arc.gc.ca/ under “Forms Listed by Number”. This will ensure the most recent version is being completed:
• TD1 – Personal Tax Credits Return
• TD1(Province) – Provincial Tax Credits Return
Important: Completing these forms will ensure that proper amount of tax will be deducted throughout the tax year.
Completing the TD1
Both forms can be downloaded from the CRA website and given to employee to complete.
The following instructions to complete the form: