Expert accountants for Independent Contractors
We specialize in incorporated contractors and freelancers across Canada and the USA.
- IT contractors / IT consultants
- Construction contractors
- Licensed Electricians, Plumbers
- Health-care contractors
- Contractors with US clients
- All self-employed professionals
$699
/year
Expert tax and accounting services for contractors.
- T2 Corporate Income Tax Return
- GST/HST Return Filing
- Salary vs. Dividend Guidance
- Bookkeeping (basic)
We are your online accountants – always there to support.
- Tax saving
- Salary and dividends decision
- GST/HST handling
- Overwhelming bookkeeping / paperwork
- Missed tax deadlines
- Fear of CRA audits
- Industry specific deductions
Excellent job done and detailed clarification provided. I will recommend them to anyone. Great follow up when you have questions for clarification purposes. Well done.
I had a fantastic experience with Murtaza at Instaccountant with the business tax services he provided. He was accommodating and guided me through every step of the process with professionalism and patience.
Talent and professional!! I prefer him to everyone who’s is struggling filling taxes or accounting matters. I promise you won’t find better than him in town.
Thank you Instaccountant for fast and reliable service. I would recommend everyone to file your taxes with Murtaza. He is efficient in his work.
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647 243 2884
CALL NOW FOR ANY QUESTION
Why choose Us?
We are tax experts for independent contractors, incorporated professionals and freelancers in Canada. Based out of Toronto, providing online and in office tax and accounting services to clients across Canada and USA.
- Timely and professional service to avoid penalties
- Available to answer your questions and concerns
- Maximize tax savings the right way
- Salary vs dividend guidance
- Proper Bookkeeping
'Tax Stress Free' environment for contractors. We make that.
Let's get in touch
Leave us a message, you will hear back from us within 24 hours.
647 243 2884
CALL NOW FOR ANY QUESTION
Instaccountant is a full time tax, accounting and bookkeeping firm, known as tax experts for contractors, self-employed and small enterprises in Toronto.
Services for Contractors and Self-employed:
- Corporate Income tax returns (T2)
- Personal income tax returns for self-employed
- First time filer after incorporation
- Bookkeeping and financials
- GST/HST returns
- CRA audits and review responses
- Business registration and Incorporation registration
- Nil return filing (no income, no expense)
- Past years tax return filing
- Payroll and sub-contractors
- Tax planning and financial advisory
Full stack
Tax, Accounting and Consulting for contractors & self-employed.
Frequently Asked Questions
- Do I need to register my business as a corporation to work as a contractor?
While not mandatory, incorporating your business can provide liability protection and tax advantages. We can help you understand the benefits based on your situation. - Can I deduct home office expenses as a contractor?
Yes! If you use part of your home exclusively for your business, you can deduct expenses such as utilities, rent, and internet. We’ll guide you through what qualifies. - What if I have fluctuating income throughout the year?
Managing fluctuating income can be challenging, but we can help you with tax planning strategies to minimize your tax burden and prepare for lower-income months. - What happens if I miss a tax deadline?
Missing a tax deadline can lead to penalties and interest. If you do miss one, don’t panic! We can assist you in filing late and minimizing penalties. - How do I keep track of deductible expenses?
Keeping detailed records is key! We recommend using Zoombooks to track expenses throughout the year. We can also provide bookkeeping services to help. - Are there specific tax benefits for contractors in my industry?
Yes, different industries may have unique deductions or credits. We specialize in various sectors and can advise you on industry-specific opportunities. - How do I know if I’m being classified correctly for tax purposes?
The CRA has specific criteria for determining employment status. If you’re unsure, we can help you evaluate your situation and ensure you meet the right classification. - Can I hire subcontractors and deduct their fees?
Yes, if you hire subcontractors to assist with your projects, their fees are typically deductible. Make sure to keep proper documentation for these expenses. - What if I receive a tax audit notice from the CRA?
Stay calm! We can guide you through the audit process and help you prepare the necessary documentation to respond effectively. - Can I claim business-related travel expenses?
Absolutely! Travel expenses incurred for business purposes can be deducted, including transportation, meals, and lodging. We can help you categorize these correctly. - What happens if I don’t have proper bookkeeping in place?
Don’t worry! We offer basic bookkeeping services to get your financial records in order before filing your taxes. Extra charges will be applied if more time is required for bookkeeping. - What’s included in the $699 package?
Our all-in-one $699 package covers your T2 Corporate Income Tax return, GST/HST filing, and salary vs. dividend guidance, bookkeeping (4 hours). - Are you providing only online services or in person as well?
We are providing online as well as in person tax and accounting services to self-employed and contractors in Canada and USA. - What kind of contractors are you serving the most?
We are providing tax, bookkeeping and accounting services to contractors, incorporated professionals and broadly all kind of self-employed. Most of our clients are IT consultants, Electricians, Construction contractors and Healthcare professionals / technicians.
- Give us a call or book a free consultation with our accountant to discuss your situation. We’ll explain what documents we need to get started.
- Before you send us anything, make sure your bookkeeping is up-to-date. If you choose our bookkeeping services, we’ll handle this part for you!
- Provide the bookkeeping and all required information. We will let you know if anything else is needed.
- Our experienced accountants will start preparing your corporate tax return and keep you posted.
- Once your T2 tax return is prepared, we will send you the tax return summary and T183 form for your review and sign off.
- After you approve it, we will e-file your corporate income tax return. A PDF copy of filed T2 return will be emailed to you.
- You’ll receive the Notice of Assessment (NOA) for corporation from the CRA. You can download it from my CRA business account.
