T1 Personal Tax Return

T1 Personal Tax Return

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The T1 personal tax return is Canada’s main form for reporting individual income to the Canada Revenue Agency. It is used to calculate how much tax you owe or whether you should receive a refund, and it includes income such as employment, self-employment, interest, dividends, rental income, and capital gains.

What it is

The T1 General, officially called the Income Tax and Benefit Return, is the standard personal tax return for Canadian residents. It summarizes your yearly income, deductions, tax credits, and final balance owing or refund.

What goes on it

A T1 return usually includes personal identification details, total income, net income, taxable income, and the refund or balance owing section. It may also require related schedules if you have business income, foreign income, capital gains, or other special tax situations.

Who files it

Most individuals who earn income in Canada file a T1 return, including employees, self-employed people, investors, and retirees with taxable income. It is also used when someone needs to claim benefits or credits such as the Canada Child Benefit or GST/HST-related credits.

Filing deadline

The normal filing deadline is April 30 of the following year. If you or your spouse/common-law partner are self-employed, you may have until June 15 to file, but any tax owing is still due by April 30.

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