What is the TD1X?

Answer 1

The TD1X is a tax form used in Canada, specifically the "Employee's Declaration of Exemptions and Credits." It allows employees to claim personal tax credits and exemptions, which can reduce the amount of income tax withheld from their paychecks. The form is typically completed at the beginning of employment or when personal circumstances change. Submitting the TD1X helps ensure that individuals have the correct amount of tax deducted according to their financial situation.