File an adjustment with the CRA as soon as possible to correct the underreported income and avoid penalties or interest.
Online Accountants for Self-Employed and Sole Proprietors
We are your online accountants for self-employed professionals and sole proprietors across Canada. Our team works with freelancers, consultants, real estate agents, truck drivers, Uber and delivery drivers, construction contractors, IT specialists, web developers, fitness coaches, social media managers, content creators, graphic designers, photographers, videographers, and e-commerce sellers. Whether you’re running your business full-time or managing multiple income streams, we provide virtual accounting, bookkeeping, and tax services tailored to your profession.
We Specialize in Self-Employed Professionals and Sole Proprietors Across Canada
Whether you’re new to self-employment and need help filing your T2125 Statement of Business or Professional Activities, managing your GST/HST registration and filing, or planning to incorporate your business in Canada, we’re here to guide you. Our online accounting services for self-employed professionals and sole proprietors are designed to make tax filing, bookkeeping, and financial planning simple and stress-free. We provide personalized support so you can focus on growing your business while staying fully compliant with CRA requirements.
- T1 tax filing with T2125 statement of business activities
- GST/HST registration and filing
- Bookkeeping and expense tracking
- Tax planning and CRA compliance review
- Payroll setup and contractor payments
- Business incorporation and structure advice
- Quarterly tax installment calculations
- Home office and vehicle expense optimization
- Financial statements and income verification for loans
- Catch-up tax filing for prior years
- CRA audit assistance and record-keeping support
- Virtual accounting services across all provinces
Get Real Clarity on Your Profit, Not Just Revenue
Running a self-employed business or sole proprietorship in Canada comes with enough challenges without adding tax confusion or bookkeeping stress to the mix. That’s where we come in. Our online accountants for self-employed professionals handle your entire financial process, from bookkeeping and GST/HST filing to tax preparation and financial reporting. We help you stay organized, compliant, and focused on what truly matters: growing your income and building the business you started to gain freedom and flexibility.
Tax Preparation
Monthly Bookkeeping
Monthly Payroll
Financial Advisory
Keep More of What You Earn
We don’t just file your taxes; we are dedicated to proactive tax savings for Canadian sole proprietors. We dig into your day-to-day spending, find those often-missed deductions, and ensure your financial records strictly follow CRA rules for independent contractors. From claiming your business use of home expenses (like rent or utilities), to properly deducting the cost of your professional equipment and mileage tracking for business travel, there are more opportunities than you might think.
The difference between a basic tax preparer and a specialized self-employed professional accountant is often thousands of dollars back in your pocket.
our suggestions
We know, your challenges aren't generic.
We know the unique challenges of being self-employed in Canada. The irregular income that makes budgeting feel impossible. The blurred line between business and personal expenses. The stress of owing money to the CRA when you already spent it on living expenses. The confusion about whether you should incorporate or stay as a sole proprietor.
Aim to set aside $0.25 to $0.35 of every dollar earned in a separate savings account.
Learn the major ones: home office, mileage, supplies, phone, meals, and insurance.
Register your business number and set up a quarterly reminder system immediately.
Consult a professional when your taxable income is consistently over $100,000 to $120,000.
Use a cloud-based receipt scanning app like Zoombooks to digitize everything in real-time.
Before you can fix the gaps, you need to see where you stand. Answer a few quick questions
GET YOUR FINANCIAL BENCHMARK ASSESSMENT
Let’s assess…
Do you know your real profit after expenses?
Is your bookkeeping clean and CRA-ready?
Is it time to bring in an expert accountant?
Work with Accountants Who Understand Self-Employed Life
Canada-Wide Expertise
Specialized knowledge in the unique self-employment tax laws across all Canadian provinces.
Cloud-Based Accounting
Expertise in setting up efficient, paperless cloud bookkeeping and expense management systems.
Strategic Tax Planning
Deep understanding of common self-employed roles, from freelance writers to independent consultants.
Self-Employed Experience
Deep understanding of common self-employed roles, from freelance contractors to independent consultants.
Clear Financial Guidance
A conversational, accessible approach that turns confusing CRA forms into clear financial strategies.
About the company
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
Get In touch
+1 647-243-2884
available from 10:30 – 22:30
40 Wynford Dr Suite 301, North York, ON M3C 1J5, Canada
Email info@instaccountant.com