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2011 Personal Tax Credits Return

 

Why should I fill out the Federal and Provincial Personal Tax Credits Return?

When you begin working in Newfoundland you may be asked by your employer to fill out a Federal and Provincial Personal Tax Credits Return. Filling out these forms is optional.

 

If you fill out the forms, income tax deducted from your pay will be reduced. When you complete your income tax return for that year, the actual amount of income tax owed will be calculated and the balance will be refunded or owed.

 

If you do not fill out the forms, income tax will be deducted from your pay. When you complete your income tax return for that year, the actual amount of income tax owed will be calculated and the balance will be refunded or owed.

 

How do I fill out the Federal and Provincial Personal Tax Credits Return?
There are two forms that you fill out. One is the Federal Personal Tax Credits Return (TD1) and the other is the Provincial Personal Tax Credits Return (TD1NL). For both of these forms the calculations will be the same, but the amounts will be different are

  • TD1 2011 Personal Tax Credits Return (federal) - sample form

    Calculate your tuition and education amounts based on your planned courses for the year. To complete the form, follow the instructions in each section.

    If your income for the year will be less than your total claim amount, check the second box on page 2 ("Total income less than total claim amount"). Sign and date at the bottom.

  • TD1NL 2011 Personal Tax Credits Return (provincial) - sample form

    Calculate your tuition and education amounts based on your planned courses for the year.To complete the form, follow the instructions in each section. Tuition and education calculations will differ from the federal form.

    If your income for the year will be less than your total claim amount, check the second box on page 2 ("Total income less than total claim amount"). Sign and date at the bottom.

 

 

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