Where there are discrepancies between the guide and information provided by the federal government, provincial government, or the Canadian Revenue Agency (CRA) or Revenu Québec, defer to the guidelines provided by the governing agencies. It is not professional financial or legal advice nor is it intended to be a substitute therefore. If your taxable income is 50000 or more, you must use Tax. Need to complete a TD1-WS Worksheet? Access the form here.ĭisclaimer: The information provided in this guide is for informational purposes only. If your taxable income is less than 50000, use the Optional Tax Tables to figure your tax.For more information on TD1 forms, who should complete them, and how to complete them, see this guide on Filing Form TD1, Personal Tax Credits Return.See our 2021 Canadian Payroll Year-End Guide for a table outlining the provincial TD1 changes for 2022. What are the provincial TD1 changes for 2022? See our 2021 Canadian Payroll Year-End Guide for a table outlining the federal TD1 changes for 2022. What are the federal TD1 changes for 2022? Individuals do not have to complete a new TD1 every year unless there is a change to their federal, provincial, or territorial personal tax credit amounts. The 2021 standard deduction allows taxpayers to reduce their taxable income by up to 2,350 for single filers and up to 4,700 for taxpayers filing jointly, head of household or qualifying widows.
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