What is T1 General Return?
The standard Canadian personal income tax return filed annually by individuals with the Canada Revenue Agency.
Definition
The T1 General Return is the Canadian personal income tax return that individuals file annually with the CRA. It reports all sources of income, claims deductions and credits, and calculates the tax balance owing or refund. For US-Canada cross-border taxpayers, the T1 must be coordinated with the US Form 1040 to optimize treaty benefits and avoid double taxation.
Who Needs to Know This?
Canadian tax residents with income to report, including US citizens living in Canada who must file both T1 and Form 1040.
Key Deadline
April 30 for most filers; June 15 for self-employed (payment still due April 30)
Potential Penalties
5% of balance owing plus 1% per month late (up to 12 months)
Related Forms
Common Mistakes to Avoid
- 1Not coordinating T1 deductions with US Form 1040 credits
- 2Double-counting income reported on both returns
- 3Missing Canadian-specific credits available to residents
- 4Not converting currency correctly between returns
Related Terms
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