Nova Scotia TD1 Forms 2018

Beginning with the 2018 taxation year, the basic personal exemption amount in Nova Scotia increased for some individuals, depending on income:

• Individuals who have a taxable income of $25,000 or less will qualify for a $3,000 increase, from $8,481 to $11,481.
• Those with a taxable income between $25,000 and $75,000 will experience a 6% reduction from the $3,000 increase.
• Individuals who have taxable income of $75,000 or more will not receive any increase.

Important: The default withholding amounts on your TD1 employee form did not automatically update for 2018. You will need to manually update this in QuickBooks Online:

1. Go to Payroll and select Employees (Take me there).
2. Select the employee you wish to update.
3. Select the edit pencil next to Pay.
4. Select Enter TD1 form.
5. Select the disclosure triangle next to Provincial taxes.
6. Update the provincial amount from $8,481 to $11,481
7. Select Done when complete.