How to fill out TD1 form if you have two jobs - Guide from Canadian CPA
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- เผยแพร่เมื่อ 8 ก.พ. 2025
- Hey everyone, this is my first TH-cam video!
How to fill out the TD1 form for two jobs in under two minutes.
If you need more help, call an accountant or call the CRA directly!
Chapters
0:00
Introduction
1:22
Explanation on Tax Implications
Each tax season, my phone rings with familiar stories of unexpected tax bills. Somebody who took on two jobs last year to earn extra income, only to be blindsided by an unexpected tax bill from CRA due to filling out their TD1 forms wrong. If you want to avoid that situation, follow this guide or reach out to me directly for help.
The basics:
The TD1 is for federal taxes, and TD1-ON is for (Ontario) Provincial taxes.
These forms are used to determine how much income tax is deducted from your pay cheques.
The forms do not impact how much tax you actually pay on your annual income at the end of the year. They only impact the deductions on your cheques.
If you have multiple jobs, on the TD1 forms, page 2, you must check "More than one employer or payer at the same time” box and leave the credit amount lines blank and enter “0” for your Total Claim amount. This is because you’ve already claimed your credits on your first job, and there’s no need to do it twice.
Some more to keep in mind:
1. Basic Personal Amount: This is a non-refundable tax credit claimable by everyone. If you have multiple jobs, claim this amount only at one job per year to prevent underpayment of taxes.
2. Know Your Combined Earnings: Especially with multiple jobs, it's crucial to tally your total income for the year. Earnings beyond the basic personal amount come with different tax implications.
3. Securing a Second Job: If you've secured a second job in the same year, here's a simple approach:
On the TD1 form, enter zeros for both the basic personal amount and the total claim amount.
Check the box on page 2 indicating you have more than one employer in the year.
Note: While this method results in higher tax deductions from your pay (meaning less take-home pay), it ensures you're being taxed adequately. Think of the higher deductions as a mini savings account, where you might receive a refund at the end of the year.
4. Proactive Tax Deduction: If you're wary of potential taxes, consider instructing additional tax to be deducted on the TD1's second page. A little foresight can prevent future shocks.
5. Stay Updated: Tax brackets and personal situations always change. Ensure you review and adjust your TD1 forms yearly, at least, especially if there are shifts in your income or employment status.
When in doubt, always consult a tax professional.
If you’re looking for a CPA in Ottawa, please don’t hesitate to reach out.
This is not legally binding tax advice. This is educational analysis. Say hello if you need help.
Thanks for posting this information! Really helpful
Glad you found it valuable! :)
Thanks for the help! From one Luccas to another
My pleasure 🙂🙌
So if I’m weary about coming up short even with the $0 lines and the box checked on page 2:
If I add an amount to the “additional to be deducted”, on page 2 will it deduct that amount per pay? Or per year? Per week? Idk lol
For the “additional to be deducted” on page 2, that amount should be deducted each pay cheque
This is a great video
Don’t stress , you can get ahead of this for 2025. I see this quite often. For all your jobs, fill out the TD1 (federal) and TD1-ON (provincial) the way I explained , putting $0 for box 1 and the total claim box. Check the box “more than one employer.”
You can just print the PDF from Canada.ca by finding it on Google and hand it in to the payroll department at each job. If you don’t know the payroll department, ask your boss who to send it to. Every company has a person responsible for payroll. For anything else more detailed, don’t be shy to ask. You should contact me privately by following the website in my video 🙂🙌
@@LucasCPA-TaxesMadeSimple Thank you. I appreciate this
@@ThularaBethmage-u6dit’s my pleasure. If you found it valuable , feel free to drop a google review. It would mean a lot for my small business! 😎
Hello,
First of all, thank you for sharing this video with us. It is very helpful. I just really want your help. I started working part-time in July 2024, averaging 30 hours per week (I’m getting an average of $400 per week). Today, I got another full-time job offer (24$/hour, 37.5 hours per week), so I have to sign the TD1. I’m wondering if I should sign it as you explained.
Also, starting next week, I will only work 3-5 hours per week at my first part-time job. What do you suggest I do?
Thank you!
Good morning. Yes fill out the new job TD1 like this with all zeros and check that box saying you have a second job. If the payroll department asks, explain it to them like this: You want them to tax you higher on your paycheques. If you need more help you could message or email me.
Is this for each job or just one. If it is just one job which one do you hand it in for?
If it was me I would fill it out and hand it in at whichever job I make the most money at just to be safe