2024 Personal Tax Credits Return Td1. The td1 form (personal tax credits return) helps employers determine how much tax to deduct from your income based on the tax credits you’re eligible for. Employer/ payer uses the td1 personal tax credit return to determine the amount of income taxes to be deducted from employment income or other income.

What is a td1 tax form? When you start a new job, usually, one of the first things you have to complete is a td1 personal tax credits return form, which is also referred to as a personal tax form.