• TD1 Provincial


    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


     


    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
        


    For more information