Article Link: https://business.financialpost.com/personal-finance/taxes/the-cra-just-redesigned-the-t1-personal-income-tax-return-form-and-there-are-some-major-changes?utm_source=distroscale&utm_medium=native_ads&utm_campaign=on_network_boosting&utm_content=trending_broadsheet&utm_source=distroscale
Discussion posted by: Rebeater
The return As the Canada Revenue Agency put it, “Your income tax package has a new look.” No kidding! Some of the changes include the use of plain language, “where possible,” an increased font size and more white space. The new tax return (ignoring any schedules) has doubled in size to eight pages for 2019 from four pages in prior years. While you might think that this is solely due to the ever-increasing complexity of our tax code, it’s actually because the CRA has decided to include the calculation of federal tax itself as part of the return. (It used to be calculated separately on Schedule 1, which has been retired, along with its companion worksheet).