2024 Personal Tax Credits Return Td1ab. Employees and pensioners complete the federal form,. The td1 form, formally known as the personal tax credits return, is used by canadian taxpayers to estimate the amount of tax taken from their income by employers.
Employer/ payer uses the td1 personal tax credit return to determine the amount of income taxes to be deducted from employment income or other income. You must complete both the federal (td1) and provincial.