TAX SLIPS, CANADAThe T1 return, explained.
The individual income tax return Canadians file each year. Advisors and accountants collect it, along with the Notice of Assessment the CRA sends back, to plan and keep records.
What Intelligent Document Processing extracts
How FutureVault handles the T1 return.
T1 return questions, answered.
When is the T1 return due?
April 30 for most individuals; June 15 for self-employed individuals and their spouses, with any balance owing still due April 30. If a deadline falls on a weekend or public holiday, it moves to the next business day.
Can FutureVault extract data from the T1 return?
Yes. Intelligent Document Processing reads the T1 return and captures fields such as taxpayer name, tax year, total income, with a confidence score on every field and human review for anything uncertain.
How does FutureVault handle the T1 return?
Request the T1 return in a secure checklist, and clients upload it from any device, with automatic reminders. Intelligent Document Processing reads the T1 return and captures its key fields for planning.