TD1 Provincial
TD1 is mandatory for all employees who are claiming tax credit amounts above the provincial basic personal tax credit amount and who are working in a province affected by TONI. If the TD1 form is not received to CRA then they will receive only the basic personal amount for provincial tax purposes, which could result in excessive amounts of tax withheld.
When to complete TD1?
Every new employee or retired staff has to complete TD1 form and send it to CRA. Taxes will be calculated according to your personal tax credit return which is the amount you have entered in your TD1 form. Generally, refiling TD1 forms (both federal and provincial) is not required each year, but if there are changes which an employee want to make, then TD1 form has to be refiled, which will change the total claim amount. Tax will be calculated based on the new claim amount.
Tax Credits
Most of the time tax credits provide tax relief by reducing or eliminating the total tax payable for organizations, corporations, individuals and unincorporated business. By filling out your tax credit return you can easily reduce your tax payable if you are entitled for tax reduction.
"Tax on Income" (TONI)
As of January 1, 2001, the new income tax calculation method, "Tax on Income" (TONI), has been applied to tax withheld at source for the following provinces:
- Newfoundland
- Prince Edward Island
- Nova Scotia
- New Brunswick
- Ontario
- Manitoba
- Saskatchewan,
- Alberta
- British Columbia.
TONI (Tax on Income) does not apply to the calculation of income tax for the following provinces / territories
- Quebec
- Nunavut
- Yukon Territory
- Northwest Territories.
TD1 forms
TD1 forms are available for both (Federal and Provincial) on CRA website. And TP 1015.3 V for Quebec tax returns form is available on Revenue Quebec website you can fill your TD1 form or TP 1015.3 V form and submit them so that your tax will be calculated according to your td1 form. You can get these forms by following links
- Ontario TD1 form
- British Columbia. TD1
- Alberta TD1
- Newfoundland and Labrador TD1
- Prince Edward Island TD1
- Nova Scotia TD1
- New Brunswick TD1
- Manitoba TD1
- Saskatchewan TD1
- Nunavut TD1
- Yukon Territory TD1
- Northwest Territories. TD1
- Quebec TP-1015.3-V Form
TD1 (Personal Provincial Tax Credits Return)
Following is the table in which Basic personal amount of each province in Canada and some other amounts mentioned in TD1 form like Spouse amount, pension income amount, and age amount are given:
TD1 Ontario
|
Ontario Tax Credit |
January 2013 ($) |
|
Basic personal amount |
9574 |
|
Pension income amount |
1324 |
|
Age amount |
4674 |
TD1 British Columbia
|
British Columbia Tax Credit |
January 2013 ($) |
|
Basic personal amount |
10276 |
|
Pension income amount |
1000 |
|
Age amount |
4421 |
TD1 Alberta
|
Alberta Columbia Tax Credit |
January 2013 ($) |
|
Basic personal amount |
17593 |
|
Pension income amount |
1355 |
|
Age amount |
4903 |
TD1 Manitoba
|
Manitoba Tax Credit |
January 2013 ($) |
|
Basic personal amount |
8884 |
|
Pension income amount |
1000 |
|
Age amount |
3728 |
TD1 New Found land and Labrador Tax
|
Newfoundland and Labrador Tax
Credit |
January 2013 ($) |
|
Basic personal amount |
8451 |
|
Pension income amount |
1000 |
|
Age amount |
5395 |
TD1 New Brunswick
|
New Brunswick Tax Credit |
January 2013 ($) |
|
Basic personal amount |
9388 |
|
Pension income amount |
1000 |
|
Age amount |
4584 |
TD1 Northwest Territories
|
Northwest Territories Island Tax Credit |
January 2013 ($) |
|
Basic personal amount |
13546 |
|
Pension income amount |
1000 |
|
Age amount |
6626 |
TD1 Nova Scotia
|
Nova Scotia Tax Credit |
January 2013 ($) |
|
Basic personal amount |
8481 |
|
Pension income amount |
1173 |
|
Age amount |
4141 |
TD1 Prince Edward Island
|
Prince Edward Island Tax Credit |
January 2013 ($) |
|
Basic personal amount |
7708 |
|
Pension income amount |
1000 |
|
Age amount |
3764 |
TD1 Saskatchewan
|
Saskatchewan Tax Credit |
January 2013 ($) |
|
Basic personal amount |
15241 |
|
Pension income amount |
1000 |
|
Age amount |
4643 |
TD1 Yukon
|
Yukon Tax Credit |
January 2013 ($) |
|
Basic personal amount |
11038 |
|
Pension income amount |
2000 |
|
Age amount |
6854 |
TP-1015.3-V Quebec tax Credit Return
|
Quebec Tax Credit |
January 2013 ($) |
|
Basic personal amount |
11195 |
|
Age amount |
2410 |