2024 Personal Tax Credits Return. People should understand which credits and deductions they can claim and. 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 who run payroll in canada.

In this video, i will walk you through the federal td1 personal tax credits return form for the year 2024 in canada. Your current federal and provincial exemption amounts on file for 2024 are printed on your pay statement in the tax data.