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 RD1 Specification for Employer Substitute Forms P60 RD1 Specification for Employer Substitute Forms P60 2023-2025

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hi I'm Debbie pevl and this is our annual video about how to fill in the Canadian Federal td1 Form so the td1 form has to be done each year by everyone who is an employee the form itself is filed with your employer you do not have to give it to CRA the purpose of the form is so that your employer will take the correct amount of income tax from your paycheck there's a lot of confusion around the td1 form and one of the things that people are confused about is that this is going to affect the amount of income tax they actually pay that is not true whatever your employer takes from you will be on your personal tax return as a payment so if your employer takes too much you will get a refund if your employer does not take enough you will owe tax so the purpose of the form is to get this this as close as possible to being the right numbers okay so it's a two-page form the first part of it has your name your address your date of birth and your social insurance number t

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