Basic Exemption changes – Federal and Provincial

16 Dec

Please note the basic exemption for federal and provincial has changed effective Jan 1, 2012.

A new TD1 form must be completed if you are claiming more than the basic amount for Federal / Provincial tax or requesting addition tax deduction. If there is no change to your basic exemption no action is required.

For further information, please visit Canada Revenue Agency website:

http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/hwpyrllwrks/stps/hrng/td1/menu-eng.html

TD1 Forms:

http://www.cra-arc.gc.ca/E/pbg/tf/td1/README.html

No comments yet.

Leave a Reply