What Is a T1 Tax Return?

What the T1 means

The T1 General is the personal income tax return. Individuals, including employees, seniors, students and sole proprietors, file it. A corporation files a T2 instead. The T1 is where line 15000, the deductions and the refund or balance owing are worked out.

Where to find the T1

The form is the T1 General for the tax year. Certified software and the firm’s e-file system both produce it. A paper return is still a T1. The notice of assessment is the CRA’s reply to that T1, not a second return.

Why the T1 matters

Kennedy Tax & Accounting Inc. prepares and e-files T1 returns. A simple personal return starts at $49.99 + HST. A self-employed statement, rental income or several years changes the quote. Back years that were never filed can be prepared for up to 10 years.

Checking the T1 on your notice of assessment

When the notice of assessment arrives, compare this line with your copy of the return. A different figure means the CRA changed a slip or a deduction. Bring the notice and the slips to the Scarborough office. If that year was already filed, the fix is a T1 adjustment, not a second filing of the same year. Keep the notice with the file. Ask which year the notice belongs to before you pay a balance. The firm quotes a six-year retention period for tax records, counted from the end of the last tax year they relate to.

Work with the Scarborough office

Kennedy Tax & Accounting Inc. prepares the return from its only office in Scarborough, near Kennedy Station. You can visit or send the slips. English, Bengali and Tamil are spoken. A CPA has led the firm since 2010. A simple personal return starts at $49.99 + HST. Other work is quoted first.

The personal return is prepared on the personal income tax page. A corporation uses the T2 service. Books are on the bookkeeping page.