Hello. I am starting a new job and will be filling out a TD1 form.

I want the CRA to deduct more money from my pay checks each month. I know that I have to fill out the TD1 form to do this. And I see that there is a box on the second page of the form called Additional tax to be deducted. I am wondering if I can put any amount I want in this box?

Let's say I will be making $1400 per month, and I get paid twice a month. If I put 100 in this box, does this mean that the government will deduct $100 from each check, and my take-home pay for a particular month will be $1200?

The reason I want the government to take more CPP and EI from my paychecks is because I want to keep my income low for a particular reason.

Thanks.

This post was edited by JessiWan on Mar 11 2024 03:44pm

Chatgpt'd

Yes, you can specify any additional amount you want the CRA to deduct from each paycheck in the "Additional tax to be deducted" box on the TD1 form. If you put $100 in this box, the government will deduct an extra $100 from each paycheck. So if you get paid twice a month, they will deduct $100 from each paycheck, totaling $200 per month. This will lower your take-home pay accordingly. Just ensure that you are comfortable with the reduced amount you will receive after taxes before making this decision.

Congrats on the new job

Thanks to both for the responses.



Thanks.

Your income is still your income. Take home and income are not the same thing. You're income is no lower if you have the gov't withhold the entire thing in taxes vs not withholding any taxes and still all box 14 income. Don't confuse what you are talking about which is Net Pay to reported income / income because they are not remotely the same thing when it comes to personal taxes, gov't programs, etc.

Also CPP and EI both have caps per year where the employer is forced to stop deducting your pay and contributing, although at $1,400 per month you wont have enough insurable earnings to hit that cap.

Thank you sir.