While it’s not mandatory, incorporating your business can offer valuable tax advantages and liability protection. Many contractors choose to incorporate to benefit from the Small Business Deduction and lower corporate tax rates. Our contractor incorporation services in Canada can help you understand what structure best fits your situation.

Yes! If you use part of your home exclusively for business, you can claim home office deductions such as utilities, rent, property taxes, and internet. Our online accountants for contractors in Canada will guide you through what qualifies and ensure you claim every eligible expense under CRA rules.

Fluctuating income is common for contractors. We provide tax planning strategies for small business owners to help you manage income variations, smooth out cash flow, and plan quarterly tax installments. Our virtual tax advisors can help you stay prepared for lower-income months.

Missing a tax deadline may result in CRA penalties and interest charges. If this happens, don’t panic our team offers CRA late filing assistance and can help you submit your return quickly while minimizing additional fees. Our online corporate tax accountants ensure all future filings stay on schedule.

Accurate recordkeeping is key to maximizing your deductions. We recommend using Zoombooks or similar online bookkeeping software for contractors to track income and expenses throughout the year. Our firm also offers virtual bookkeeping services to ensure your books stay accurate and audit-ready.

Yes. Different industries such as construction, IT, healthcare, and professional services have unique contractor tax deductions and credits. Our experienced small business accountants understand industry-specific tax rules and will help you claim every eligible benefit.

The CRA distinguishes between employees and independent contractors based on several criteria, such as control over work and financial risk. Misclassification can lead to penalties. Our experts in CRA contractor classification and compliance can review your situation to ensure you’re set up correctly.

Yes, fees paid to subcontractors are generally deductible business expenses. Just keep accurate contracts, invoices, and payment records. Our online bookkeeping team for contractors helps you organize these expenses for smooth year-end reporting and CRA compliance.

If you receive an audit notice, stay calm. We offer CRA audit representation for small businesses and contractors, helping you prepare documentation, communicate with CRA officers, and resolve issues efficiently. Our virtual tax experts make the process stress-free and professional.

Absolutely! Contractors can deduct business-related travel expenses such as transportation, lodging, and meals (up to 50% for meals and entertainment). Our corporate tax accountants for contractors will help categorize and record these correctly to meet CRA audit standards.

No worries — we can help. Our team provides online bookkeeping cleanup services to organize your financial records before tax filing. Extra charges may apply for extensive work, but we’ll make sure your books are ready for accurate T2 filing and CRA review.

Our $699 all-in-one contractor tax package includes your T2 Corporate Income Tax Return, GST/HST filing, salary vs. dividend guidance, and up to 4 hours of bookkeeping support. It’s a complete online tax filing service for contractors designed to make compliance simple and affordable.

We offer both online and in-person tax and accounting services for contractors, self-employed professionals, and incorporated businesses across Canada and the USA. Whether you prefer virtual meetings or face-to-face consultations, we make it easy to get expert financial help your way.

We work with a wide range of professionals including IT consultants, electricians, construction contractors, healthcare technicians, and other incorporated or self-employed individuals. Our tax and bookkeeping services for contractors in Canada are customized to fit your industry, workflow, and business structure.