2023 TD1 tax forms will not be available until late January 2023 due to the Canadian Revenue Agency’s (CRA) delayed release of the 2023 TD1 form.
As a temporary solution, UVic will be setting every employee’s basic exemption to:
- $13,521 for federal tax, and
- $11,981 for BC provincial tax.
How does this affect your personal taxes?
If you do not normally complete an annual TD1 or if you normally just claim the basic amount, then there will be no effect on your taxes.
If you normally complete a TD1 to:
- Increase or decrease your exemption,
- declare another employer,
- declare other amounts, or
- add additional taxes;
your initial 1-2 payrolls will not have your personalized tax deductions (deducted at source). This will be resolved when you file your taxes in 2024.
What should you do next?
Please check this page or www.uvic.ca/TD1 on the week of Jan 23rd.
If you have any additional questions, please contact the payroll office.