Plain meaning
The main annual income tax return used by individuals in Canada, including employees, investors, sole proprietors, and many self-employed taxpayers.
Also called
income tax and benefit return
T1
Key points
- Individuals use the T1 return to report income, claim deductions and credits, and calculate tax or refunds.
- Self-employed business income can be reported on a T1 return with supporting business schedules.
- Filing a T1 return is often necessary to receive or maintain income-tested benefits and credits.
- CRA assesses the return and issues a notice of assessment.
Why it comes up
T1 filing rules connect personal taxes, benefits, self-employment reporting, and CRA filing-season announcements.