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T1 Action COUNTY AGENDA INFORMATION FORM 11 Presentation & Action J PresentationDepartment: FinanceAgenda Date:Category: Regular Agenda Item April 4, 2017Phone: 7757516394 Contact: Danielle Reveal
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T1 action refers to the process of filing a personal income tax return in Canada, specifically the form used by individuals.
Individuals earning income in Canada, including residents, those with Canadian-source income, and certain non-residents, are required to file a T1 action.
To fill out a T1 action, you need to gather your income information, deductions, and credits, then complete the appropriate sections of the T1 form either online via tax software or by using a paper form.
The purpose of T1 action is to report personal income to the Canada Revenue Agency (CRA), calculate taxes owed or refunds due, and determine eligibility for various tax credits and benefits.
T1 action requires reporting personal identification information, all sources of income, claimable deductions, and any applicable tax credits.
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