The T1 taxpayer's form is also known as the Income Tax and Benefit Return. Here is an overview of everything Canadians need to know about the T1 form, including who should fill it out, where to get it, and its various sections.
What is a T1 form?
The T1 form is a summary of all income taxes you pay to the Canada Revenue Agency (CRA). All Canadians are required to fill out and submit this form, which also declares all income you have generated for the specified calendar year. Think of the T1 as a kind of summary of all the other forms you complete for your income taxes, as well as all the information required to file.
You need the T1 form to apply for various services like the Canada Child benefit, GST/HST refundable tax credits, and other benefits. You may also be required to provide the T1 general income form when applying for major credits, such as a mortgage.
Who should fill out a T1?
Every Canadian has to file a T1 every year. Business owners, such as sole proprietors and partnerships, are also required to complete the T1 business form. However, if you are a corporation, you should complete the T2, which is provided for corporate income.
How do I get a T1 online?
There are various places to get a copy of the CRA T1 form. The easiest way to get your T1 is online.
If you have a CRA "My Account," you can find your T1 for the current year, as well as the past 11 years that you filed, by looking under the “Tax Returns View” section. If you look for anything older, you will need to contact the CRA directly at 1-800-959-8281 to request a copy.
You can also conveniently complete your T1 tax returns through tax preparers. These tax forms are named after the calendar years they are required for, so you should use the 2023 T1 form to report personal income for the 2023 tax year.
T1 breakdown
The T1 general income tax isn't as elaborate as others. It also uses entries from other taxpayer forms and has five main parts to fill out. These include:
| Section | Meaning |
|---|
| Identification | In this section, you provide details such as your name, address, social insurance number, and marital status. You will also be required to answer questions such as your Elections Canada authorization, whether you have exempt income, and your foreign property declaration, as well as some questions that may or may not appear, depending on which province or territory you live in, such as whether you want to claim the Climate Action Incentive Payment, lived on specific First Nations lands, etc. |
| Total Income | Here you declare all your income sources, including income from employment, self-employment, foreign income, disability benefits, and more. This is also known as your gross income. |
| Net Income | This is the amount you're left with after deductions are subtracted from the total income. Deductions such as Registered Retirement Savings Plan and Registered Pension Plan contributions, child care expenses, and union dues will reduce your income, giving you a lower net income. Check with the CRA what deductions can be claimed in your particular tax situation. Net income is used to determine if you are eligible to claim certain tax credits or if you are entitled to certain benefits or credits. |
| Calculate Deductions and Credits | The CRA allows you to subtract other amounts including deductions, refundable credits, and nonrefundable credits from your income. |
| Calculate Your Taxable Income | The taxable income refers to the final amount you get after all allowed deductions and credits have been factored in. It is the income the CRA will tax using existing rates for the calendar year. |
| Refund or Balance Owing | This section is where you determine if you are eligible to get some money back or required to pay more. A positive number in this section implies you owe the CRA money, while a negative number means you will receive a refund. |
Where do I send my T1?
The easiest way is to complete the T1 form submission online through services, such as WealthsimpleTax. Online form submission is facilitated using NETFILE, the CRA-recommended service for submitting CRA-issued taxpayer forms. You can also download the PDF form, fill it out, and mail it to the CRA office designated for your province or territory.
When do I submit and pay for my T1?
Canadian taxpayers are required to file the T1 by April 30. If you or your spouse or common-law partner are self-employed, you have until June 15 to file your tax return. If you have an amount owing, the payment deadline is also April 30, no matter whether your filing deadline is April 30 or June 15.
T1 submissions follow the general calendar year. Filing the 2023 tax return has to be done by April 30, 2024. If April 30 falls on the weekend or holiday, the deadline is pushed to the next business day.
Last Updated
December 3, 2023
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FAQs
The T1 General form is the primary document used to file personal income taxes in Canada. It captures everything from total income to net income to taxable income and lets you know whether you'll have a balance owing on your taxes or be due to receive a refund.
How do I get my T1? ›
To obtain your copy of the T1 Tax Form, visit the CRA website or log in to your TurboTax account if you filed through our platform. To fill out a T1 Form, provide personal details, document all income sources, and calculate net and taxable income.
What is the difference between T1 and T4? ›
First, they differ in terms of purpose. The T1 General is your personal tax form. This is the document you submit to the CRA in order to officially file your individual tax return. Your T4 is a summary of your employment income and tax deductions for the calendar year, which your employer provides you with.
What happened to SimpleTax? ›
Toronto-based online investment service Wealthsimple is branching out into taxes. The company announced Tuesday it has acquired Vancouver-based SimpleTax, an online tax-return preparation and filing service.
What is the purpose of a T1? ›
The T1 form is a summary of all income taxes you pay to the Canada Revenue Agency (CRA). All Canadians are required to fill out and submit this form, which also declares all income you have generated for the specified calendar year.
What is the T1 tax refund? ›
2) Terminal 1 - Customs GST Refund Counter is by Entrance 1 in front of Row 4. Note: If you are planning to check-in your items, please approach the GST Refund Counter located before immigration for the endorsem*nt of the carnet (Departure @ Level 2).
What is a T1 form? ›
The T1 general form—a.k.a. the income tax and benefit return—is the form that Canadians use to file their personal income taxes for each calendar year.
How many pages is a T1 general? ›
WHAT IS A T1 GENERAL? A T1 General Tax Return is typically a 4 page document used in Canada by individuals to file their personal income tax return.
What is the NOA? ›
A Notice of Action (NOA) is a letter that your health plan must send to you when a requested service has been denied.
Is T3 better than T1? ›
T1 and T3 are two common types of digital transmission systems used in telecommunications. AT&T originally developed T1 lines in the 1960s to support telephone service. The service gradually evolved to support both voice and data. T3 lines (also known as DS3) are an enhanced version of T1 that gives better bandwidth.
T1-weighted MRI enhances the signal of the fatty tissue and suppresses the signal of the water. T2-weighted MRI enhances the signal of the water. Consideration of all the information provided by these modalities is conducive to MRI image analysis and diagnosis.
Why is T1 different from T2? ›
The most common MRI sequences are T1-weighted and T2-weighted scans. T1-weighted images are produced by using short TE and TR times. The contrast and brightness of the image are predominately determined by T1 properties of tissue. Conversely, T2-weighted images are produced by using longer TE and TR times.
Why did TurboTax stop being free? ›
Federal regulators cited misleading language in the company's “AbsoluteZero” advertising campaign. That campaign included the phrase “Free Guaranteed” and told consumers, “At least your taxes are free.” “The order also sends a message across industry — 'free' means free — not 'free for a few' or 'free for some,'” Mr.
Who bought H&R Block? ›
In 2008, the company sold its H&R Block Financial Advisors unit to Ameriprise Financial for $315 million. At the time, the unit managed $30 billion in assets and employed 900 financial advisors in the U.S.
Why did TurboTax get in trouble? ›
The Federal Trade Commission has issued an Opinion and Final Order that Intuit Inc., the maker of the popular TurboTax tax filing software, engaged in deceptive advertising in violation of the FTC Act and deceived consumers when it ran ads for “free” tax products and services for which many consumers were ineligible.
What is the summary of the tax return? ›
The tax summary is a list of certain items calculated or entered in your return. The summary will show dollar amounts for various categories that impact your return, broken down by category.
How do I report T5008 on T1? ›
For example, if your T5008 slip relates to your business income, then you should report it in the Business Income section of the T1 and not under Capital Gains and Losses. If you are using information from your T5008 in your tax return, you should note that you need to include the amount in Canadian dollars.
How many pages is a T1 General? ›
WHAT IS A T1 GENERAL? A T1 General Tax Return is typically a 4 page document used in Canada by individuals to file their personal income tax return.
What is the T4? ›
A T4 slip, or Statement of Remuneration Paid, is a document that summarizes all of the money paid by an employer to an employee during a calendar year. Most employers send your T4 electronically by February.
