Claiming your basic personal tax elections
A guide from UBC Payroll Operations to claiming your basic personal tax elections this year.
The basic personal amount (BPA) is a non-refundable tax credit that can be claimed by all individuals. The purpose of the BPA is to provide a full reduction from federal income tax to all individuals with taxable income below the BPA and a partial reduction to taxpayers with taxable income above the BPA.
The basic personal tax credit election amounts for 2023 are:
- Federal: $15,000
- Provincial: $11,981
Tax credit elections affect the amount of tax that you have deducted each pay period. Failure to update the tax credits may result in an amount owing when you file your T1 income tax return.
- If you claimed amounts other than the basic Personal Tax Credit (e.g. tuition) on your TD1 and TD1BC forms during the tax year, please update your tax elections within Workday by the end of January.
- If you wish to claim tax credit amounts other than the Basic amount, please update your TD1 in the 'My page' portal through Workday or complete a new electronic TD1 form.
- If you claim only the Basic Personal Tax Credit, you do not need to complete a new TD1 every year. Please note that if a change occurs with tax implications, a new electronic Workday form must be completed no later than seven days after the change.
If you require additional assistance with updating your tax elections, please submit a Workday support request through the UBC Self Service Portal.
- Canada Revenue Agency (CRA) website: Basic Personal Amount FAQ
- Workday Knowledgebase article: How do I make or update federal tax elections?