How to Complete a Federal TD1 Form
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- Опубліковано 25 чер 2024
- In this video, Joe provides a step-by-step guide to filling out your Federal TD1 form in Canada. This guide will help employees and employers understand how TD1 forms work.
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🎥 CONTENTS OF THIS VIDEO
00:00 - Introduction
00:52 - What is a TD1 Form?
01:59 - How to Fill Out Your Federal TD1 Form
02:25 - Fill in Your Personal Information
02:36 - Line 1 - Basic Personal Amount
03:38 - Line 2 - Canada Caregiver Amount for Infirm Children Under 18
03:54 - Line 3 - Age Amount
04:39 - Line 4 - Pension Income Amount
04:57 - Line 5 - Tuition
05:09 - Line 6 - Disability Amount
05:28 - Line 7 - Amount for Support of a Spouse or Common-Law Partner
06:19 - Line 8 - Amount for an Eligible Dependant
06:56 - Line 9 - Canada Caregiver Amount (Infirm Spouse or Dependant)
07:47 - Line 10 - Canada Caregiver Amount (Dependant Aged 18 or Older)
08:43 - Line 11 - Amounts Transferred from a Spouse/Common-Law Partner
08:57 - Line 12 - Amounts Transferred from a Dependant
09:12 - Line 13 - Total Claim Amount
09:38 - How the TD1 Form Affects Your Taxes
10:33 - Under-deduction of Taxes
11:07 - Over-deduction of Taxes
11:54 - TD1 Form - Page 2
12:21 - More Than One Employer
12:58 - Total Income is Less Than the Total Claim Amount
13:17 - Completing the TD1 Form
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🔗 MENTIONED IN THIS VIDEO
► How to Complete a TD1 Form Blog Post
www.avalonaccounting.ca/blog/...
► All Provincial and Territorial TD1 forms
www.canada.ca/en/revenue-agen...
► TD1-WS (Worksheet)
www.canada.ca/en/revenue-agen...
► Eligibility for the disability amount
www.canada.ca/en/revenue-agen...
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Thank you sooo much you explained it soooo good.
Thanks for the detailed explanation.
beautiful explanation, you are such a captivating orator.
Best information thank you!
Question
Does it need to be from the previous year?
It's 2023 and my new employer asked me to fill out a TD1 form from 2021. I was wondering if she send me the wrong form with the wrong year and it should be 2022 instead.
if i am new to canada since 5 months only and this is my first year and I didn't find a job in 2023, the first line should be 0 or 15000
Also I just completed my studies on the 22 of Dec in 2023 and start my job Jan 2 2024 do I enter my tuition?
Hi there. I have doubts about line 8. I am a single mother and sole caregiver of a 5 years old. She does not work, so she does not have any income. What amount should I put in this box? The rest of the boxes do not apply to me, except for box one, where I would write the complete amount given by the government. Help please!
Line 8 My child is not infirm, but he is 3 so he doesn’t have a net income. do I enter 15000 because there is no difference or do I leave it ?
If I’m not eligible do I leave it blank or put 0
If there's any line that doesn't apply to you, you can leave it blank! Great question.
So based on this, if I have a child who is not infirm and a spouse living with me and not dependent then I wouldn’t get any of the dependent credits?
I did not claim my income tax returns from ist employer. Can i claim it with a new employer. Note, I have two employers
Hi
I just completed my study last month now I got job
.my employer asked me to fill td1 form. Can I write the tuition fee that I paid this year
Yes, you can claim tuition fees for the year in which you paid them, regardless of when you completed your studies .