Self-Employed Professionals

You Run Your Business.
We Handle the Numbers.

As a self-employed professional, your time is your income. Every hour spent on bookkeeping or tax prep is an hour not billed. We take care of your financial back-office so you can focus on the work that actually pays.

T1 business income support GST/HST managed for you 100% Online — All of Canada
Common Challenges

What Self-Employed Professionals Deal With

No Source Withholding — Plan for April

Unlike employees, self-employed professionals receive their full income with no tax withheld at source. Without proactive planning through the year, the April tax bill arrives as a financial shock — often in the thousands. Quarterly planning and CRA instalment tracking protect your cash flow.

Deductions You're Probably Missing

Home office, vehicle mileage, equipment purchases, professional development, software subscriptions, marketing costs — each is deductible under specific CRA rules. Without systematic tracking throughout the year, eligible deductions get missed and you overpay at filing time.

GST/HST and the June 15 Deadline

If you have self-employment income, your T1 filing deadline is June 15 — but any balance owing is still due April 30. If you're also registered for GST/HST, quarterly filings add another layer of deadlines. Missing any one of these three dates triggers penalties and interest.

FAQ

Self-Employed Questions — Answered

Yes, once your taxable revenues exceed $30,000 over four consecutive calendar quarters, registration is mandatory. Voluntary registration before that threshold can be beneficial if you have significant business expenses to claim as input tax credits.

Common deductions include home office expenses, vehicle use, business equipment, software subscriptions, professional development, phone and internet, advertising, and professional services. We review your full situation to make sure every eligible deduction is claimed.

Self-employed individuals have until June 15 to file their T1 return. However, any balance of tax owing must be paid by April 30 to avoid interest charges. We make sure both deadlines are met.

Yes. Many self-employed professionals have employment income, freelance income, and sometimes investment income. We organize all your sources correctly on your T1 to ensure everything is reported accurately and all deductions are properly applied.

The T2125 — Statement of Business or Professional Activities — is the form that accompanies your T1 personal tax return to report self-employment income and claim business deductions. If you earned any income from self-employment during the year, you must complete a T2125. It lists your gross revenue, all eligible business expenses, and calculates your net self-employment income — which also determines your CPP contribution as a self-employed individual.

Get Started Today

Stop Spending Evenings on Your Books.
We've Got It From Here.

Tell us about your business and we'll send you a custom, no-obligation quote within 1 business day.