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Last updated: December 01 2015
TD1 Personal Tax Credits Return Released
CRA released its personal tax credits return on November 27 with few surprises.
The Personal Tax Credits Return or TD1 is used by employers to determine the amount of taxes to withhold from employees. This form should be completed by the employee each January to confirm the personal amounts they are entitled to claim on their tax return as well as whenever their eligibility for such claims changes.
As previously announced, the claim for dependent children has been eliminated for 2016, unless the child is infirm and then the claim is reduced to the Family Caregiver Amount of $2,121 for 2016. This claim was replaced with the enhanced UCCB last year. That enhanced UCCB is expected to be eliminated by the new government in favour of an enhanced Child Tax Benefit.
All personal amounts shown on the form are within one dollar of the amounts we projected last week. These official numbers are:
| Non-Refundable Credit | Claim Amount |
| Basic Personal Amount | $11,474 |
| Spousal Amount and Amount for Eligible Dependants | $11,474 – dependant’s income |
| Amount for infirm dependent children | $2,121 |
| Age Amount | $7,125 |
| - Reduced by net income over | $35,927 |
| Disability Amount | $8,001 |
| Caregiver Amount (parent/grandparent) | $4,667 |
| Caregiver Amount (infirm dependant) | $6,788 |
| - Reduced by net income over | $15,940 |
| Amount for Infirm Dependants over 18 | $6,788 |
| - Reduced by net income over | $6,807 |
| Pension Income Amount | $2,000 (unchanged) |
| Tuition, Education and Textbook Amounts | unchanged |
Other 2016 personal amounts not shown on the TD1 have yet to be affirmed by CRA. The 2016 personal amounts have been updated in the Income Tax Estimator to adjust for the minor variances.
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