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Video instructions and help with filling out and completing Fill Form 944 Pr Credits

Instructions and Help about Fill Form 944 Pr Credits

Hi, I'm Debbie Peveril from Pan's financial training group. This video is about how to fill in your federal td1 form for 2019. This is a two-page form and the first part of it includes your name, address, date of birth, and social insurance number. This information should be fairly easy to get and fill in. After that, we move on to the numbers. Part one includes the number $12,069, which is pre-printed on the form. This is the base amount that you're allowed to make in Canada in taxable income before you start to pay any federal income tax. It's called the basic exemption. In part two, we have the caregiver amount. This is a federal amount called the Canada Caregiver Amount and it is for any child under the age of eighteen who is considered infirm. The amount is $2,230, and you can put that amount in for each eligible child you have. Part three is the age exemption. If you are over the age of 65 at the beginning of 2019, then you could be entitled to a further claim. The claim amount depends on your income. If you earn less than $37,790, the claim amount is $7,494. If you earn over $87,750, you can make no claim for this exemption. Part four is about the pension income. If you are receiving pension income that is not CPP or OAS, you can put the amount of $2,000 in this section. Part five is about tuition. If you have paid tuition greater than $100, you can put the amount you've paid in this section. Part six is for the disability tax credit. If you have a letter from CRA saying that you qualify for the disability tax credit, then you can put the amount of $8,416 in this...