The form used to determine an employee's net claim code is called a
A) T4.
B) Record of Employment.
C) TD1.
D) Employee Earnings Record

Question

Quizplus · Accepted Answer

TD1 form, also known as Personal Tax Credits Return, is used to determine an employee's federal and provincial tax deductions based on their personal tax credits. It includes information such as the employee's marital status, number of dependents, and tuition expenses, which are used to calculate the employee's net claim code. T4 form is used to report an employee's income and deductions during the tax year, while Record of Employment is used to report an employee's employment history and reasons for separation. Employee Earnings Record is an internal document maintained by the employer to track an employee's earnings and deductions.

The Form Used to Determine an Employee's Net Claim Code