2024 Personal Tax Credits Return Form 2024. Employers and payers must get form td1, personal tax credits return, when individuals start a new job or they want to increase income tax deductions. Td1, personal tax credits return, is a form used to determine the amount of tax to be deducted from an individual's employment income or other income, such as pension income.
Your employer or payer will use this form to determine the amount of your tax deductions. Your current federal and provincial exemption amounts on file for 2024 are printed on your pay statement in the tax data.