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Locate the form T1
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The T1 is the Canadian Individual Income Tax Return form used by individuals to report their earnings and calculate their tax liability.
Any individual resident in Canada who earns income, including employment income, self-employment income, investment income, or other sources, is required to file a T1.
To fill out the T1, individuals must gather their income information, claim eligible deductions and credits, and complete the appropriate sections of the form, either online through tax software or by using a paper form.
The purpose of the T1 is to allow individuals to report their income, calculate taxes owed or refunds due, and claim various deductions and credits to reduce their tax liability.
The T1 requires reporting of personal identification information, total income, deductions, tax credits, and any taxes already remitted or withheld during the year.
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