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The CRA just redesigned the T1 Personal Income Tax return form and there are some major changes

Canadian tax filers will see the newly redesigned tax form for the 2019 tax year. The Personal Income Tax form, the T1, has been revised significantly by the Canada Revenue Agency. Instructions and questions have been altered to use more straightforward wording and language, pages have been added to accommodate the worksheet used for figuring your federal tax, and the overall form has been brought up to modern standards. The filing deadline for 2019 tax returns is April 30, 2020, so be sure to take a look at the new T1 before you complete and file it.

“As the Canada Revenue Agency put it, “Your income tax package has a new look.” No kidding! Some of the changes include the use of plain language, where possible, an increased font size and more white space.”

Read more: https://business.financialpost.com/personal-finance/taxes/the-cra-just-redesigned-the-t1-personal-income-tax-return-form-and-there-are-some-major-changes

By |2020-02-20T15:11:52-07:00March 4th, 2020|News|0 Comments

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