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Form Canada RSGAM 5420 Fill Online, Printable

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when starting a new job in Canada your employer might give you a form like this it's called td1 form the purpose of this form is for you to tell your employer for any possible government grants or credits that you might be eligible for that way your employer can calculate how much tax to deduct from your salary depending on the number of months lefts plus your credits this form is not an alternative to the tax returns and it's only an instruction to your employer on how much tax to deduct from your salary so do not worry about making any mistakes in this form it's fine because if you claim less deductions than your eligibility that means you are paying more tax through your job than necessary and you will get tax refunds at the end of the year on the other hand if you made a mistake and you claimed more than you are entitled to you will end up paying some tax to the government at the end of the year the happy situation is when you and your employer do the right

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