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Allan got a job at Tim Hortons on campus. His income for the year will be less than $30K. His new employer wants him to fill out a TD1 form.
Allan is a single dad and has a daughter under 18. Allan is over 65 years of age and also has a valid T2201 on file with CRA. Allan wants payroll to deduct an additional $100 per pay cheque to avoid paying additional taxes at year-end.
He has not received any bursaries or scholarships.

Required:
As a payroll admin you are required to assist Allan in completing his TD1 form and TD1-AB form

TD1-Form https://www.canada.ca/en/revenue-agency/services/forms-publications/td1-personal-tax-credits-returns/td1-forms-pay-received-on-january-1-later/td1.html
TD1-AB Form https://www.canada.ca/en/revenue-agency/services/forms-publications/td1-personal-tax-credits-returns/td1-forms-pay-received-on-january-1-later/td1ab.html

Respuesta :

Based on the information given about the tax, the way to fill out the TD1 form will be:

  • He should follow the instructions on each line or the provincial and federal forms.
  • Each of the amounts on the line is added together.
  • The sum is then entered into the last line of page 1.

How to illustrate the information?

It should be noted that the TD1 form is used to determine the amount of tax that will be deducted from the income of an individual.

In this case, Allan has a T2201 which is a disability tax credit certificate. This is important as it helps people who have disabilities to reduce the amount of income tax that they'll pay.

Furthermore, Allan is a single dad, has a daughter under 18, and is over 65 years of age. Therefore, the appropriate way to fill the form is illustrated.

Learn more about tax on:

brainly.com/question/25783927

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