If you’re filing an income tax return in Canada, you’ll need to fill out a T1 general form. What’s on the form? Learn more about it in the MoneySense Glossary.
The T1 general form—a.k.a. the income tax and benefit return—is the form that Canadians use to file their personal income taxes for each calendar year. This form summarizes all the taxes you pay, as well as your income (total, net and taxable), deductions, non-refundable credits and balance owing—or refund, if you’re lucky. Your T1 is also used to apply for goods and services tax (GST) and the harmonized sales tax (HST) refundable tax credits, calculate the Canada Child Benefit and more.
The deadline to submit your T1 to the CRA, along with any taxes owed, is April 30. If that falls on a Saturday or Sunday, the deadline is usually moved to the following Monday. Self-employed people and their partners have until June 15 to file, but the payment deadline is still April 30.
Example: “Tax software makes it quick and easy to fill out the T1 general form.”
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