TD1ON Form - Ontario Personal Tax Credits Return

What Is the Ontario Personal Tax Credits Return Form?

TD1ON tax form  is a two-page document with fields for entering personal financial information. Please note that you may need other documents and forms (e.g., T2201) to complete it, depending on your current situation.

What is the Ontario personal tax credits return form used for?

Unlike deductions, credits do not reduce the amount taxed but the tax itself.

If you don't submit the completed TD1ON basic personal amount is the only thing that will count.

How to submit Ontario personal tax credits return form?

Moreover, employers should provide their employees with blank forms to fill out.

You can also print the form and fill it out by hand if you prefer. Physical paper can be given to the employer in person. Based on the collected TD1ONs, the HR/Payroll department determines the tax deductions.

What is the difference between TD1 and TD1ON?

Both of these forms are used to obtain personal tax credits. In Canada, there are versions of this document: the federal one, marked TD1, and the provincial one, such as TD1ON. The last two letters indicate exactly the specific province: ON is Ontario, AB is Alberta, and so on.