2024 Personal Tax Credits Return Form Td1. The td1 form gives your employer the best estimate of your personal tax situation, so that they can deduct the right amount of income tax from your pay. Simply put, a td1, personal tax credits return, is a form that is necessary for calculating how much tax should be withheld from payments.

The basic personal tax credit is different for each province and different than the federal amount. It is always recommended if you have multiple employments, not to claim the personal amount on.