Self-Employed Tax Services
Professional Tax Preparation for Freelancers, Contractors & Self-Employed Professionals
- CPA-Led Tax Support
- Mississauga-Based
- Canadian & Cross-Border Tax Support Available
Self-employed income is not simply “extra personal income.”
Your tax return may need to account for revenue, expenses, and net business income. The details depend on how you earn your income, the type of business activity you operate and your individual circumstances.
What Is a Trust Tax Return?
Self-employed taxes are the tax obligations associated with income you earn from your own business, professional activity, freelance work, contracting or other self-employed activities. Unlike employment income, your income may need to be reported together with business expenses and other information related to your self-employed activities.
In Canada, many self-employed individuals report business or professional income and expenses using Form T2125, Statement of Business or Professional Activities, as part of their personal tax return. The applicable reporting depends on the type and circumstances of the activity.
Determining your taxable income can involve reviewing revenue, business expenses and the business portion of applicable costs. CRA guidance generally allows reasonable current expenses incurred to earn business income, while personal expenses are not deductible.
Who We Help With Self-Employed Tax Returns
Self-employed income can come from many different types of work. We help individuals who need professional support understanding and reporting income from independent work and business activities.
- CRA-Compliant Reporting
- Mississauga CPA Practice
- Tailored for Canadian Self-Employed
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Freelancers
Individuals earning income independently through creative, technical, consulting or other professional services.
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Independent Contractors
Individuals providing services to businesses or clients without being traditional employees.
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Sole Proprietors
Individuals operating their own business and reporting business income through their personal tax return.
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Professionals
Self-employed professionals earning income through their own professional practice or independent activities.
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Gig & Platform Workers
Individuals earning income through online platforms, delivery, ridesharing, social media or other gig-economy activities.
Audience Index
Professional Categories
Not sure which situation applies to you? We can help you understand the tax matters that may need to be addressed.
Self-Employed Tax Support Built Around Your Situation
Self-employed tax preparation involves more than entering your annual income. We help organize the financial information that supports your return and identify the tax reporting areas relevant to your circumstances.
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Business Expenses
Review eligible business expenses and separate business-related costs from personal expenses.
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T2125 Reporting
Support reporting business or professional income and expenses through applicable tax reporting forms.
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Multiple Income Sources
Support for individuals combining self-employment income with employment, investment or other sources.
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Vehicle & Other Business Costs
Review applicable business-related costs such as motor vehicle, office, professional, travel and other expenses where relevant.
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GST/HST Considerations
Help identify tax information that may need to be considered when GST/HST applies.
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Self-Employed Income
Review and organize income from freelance work, contracts, professional services and business activities.
We keep the process straightforward: understand your work, organize the relevant information, prepare the applicable tax reporting and review the return with you before filing.
How Our Self-Employed Tax Process Works
Understand Your Work
We start by understanding your circumstances and the type of personal tax support you require.
Gather Your Information
We identify the documents and information needed to prepare your return based on your situation.
Review Income & Expenses
We organize your business income and review applicable business expenses and supporting information.
Prepare Your Return
We prepare the applicable tax reporting based on your self-employed activities and individual circumstances.
Review the Return
We review the completed return and address relevant questions before filing
File & Discuss Next Steps
Once the return is ready, we complete the filing process and discuss any relevant tax considerations or next steps.
Have Questions About Your Self-Employed Tax Return? Discuss Your Situation →
Why SHAMI CPA
Why Work With Shami CPA for Self-Employed Taxes?
Self-employed tax situations can vary significantly depending on how you earn income, the expenses you incur and the records available. Our approach is built around understanding those details before preparing the return.
We Look Beyond the Income Number
Self-employed tax preparation involves more than reporting revenue. We consider the relationship between your income, business expenses and the information supporting your return.
Your Tax Return Reflects Your Actual Situation
Freelancers, contractors, professionals and sole proprietors can have very different tax circumstances. We prepare the return around your specific income sources and business activities rather than treating every self-employed taxpayer the same.
Support From Preparation Through Filing
From organizing financial information to reviewing the completed return, we provide professional tax support throughout the preparation process.
Frequently Asked Questions About Self-Employed TaxReturns
Do I need both Canadian and U.S. tax filings?
Can I be self-employed in Canada and have U.S. income?
Can you help with U.S. self-employed tax situations?
Can an accountant help with a CRA tax notice?
What if I did not report self-employed income from a previous year?
Can you help with a previous-year self-employed tax return?
What happens if I have multiple sources of self-employed income?
Does GST/HST affect my personal tax return?
Do self-employed individuals need to register for GST/HST?
When should I start preparing my self-employed tax return?
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Do I need both Canadian and U.S. tax filings?
Some individuals may have tax filing or reporting obligations in both countries, while others may not. Cross-border obligations depend on your residency, income, activities and applicable Canadian and U.S. tax rules.
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Can I be self-employed in Canada and have U.S. income?
It is possible to have self-employed activities or income connected to both Canada and the United States. Cross-border tax treatment can depend on residency, where the work is performed, the source of income and other circumstances.
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Can you help with U.S. self-employed tax situations?
Shami CPA can provide support for applicable U.S. self-employed tax situations. The appropriate filing and reporting requirements depend on factors such as residency, income sources and your Canadian and U.S. tax circumstances.
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Can an accountant help with a CRA tax notice?
An accountant may be able to help you understand a CRA notice, review the relevant tax information and determine what response or supporting documentation may be required. The appropriate support depends on the nature of the notice.
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What if I did not report self-employed income from a previous year?
If you believe self-employed income was not reported on a previous return, the appropriate next steps depend on the circumstances and the affected tax year. Contact us to discuss the records available and the reporting situation.
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Can you help with a previous-year self-employed tax return?
Yes. If you have an outstanding or previous-year return involving self-employed income, we can review your circumstances and determine what information and tax reporting may be required.
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What happens if I have multiple sources of self-employed income?
Multiple sources of self-employed income may require additional organization and reporting. We can help identify the different income sources, organize the relevant information and prepare the applicable tax reporting based on your circumstances.
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Does GST/HST affect my personal tax return?
GST/HST obligations and personal income tax reporting are related but are not the same tax filing. Depending on your circumstances, GST/HST information may need to be considered alongside your self-employed income and records.
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Do self-employed individuals need to register for GST/HST?
GST/HST registration depends on factors such as the nature of your supplies and the applicable registration requirements. Not every self-employed individual has the same GST/HST obligations, so your circumstances should be reviewed before determining what applies.
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When should I start preparing my self-employed tax return?
It is helpful to organize income records, receipts, expense information and other relevant documents before preparing your return. Starting early can give you more time to identify missing information and address questions about your tax situation.
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Have specific trust tax questions? Our CPA team assists with complex Canadian and U.S. filings.
LET'S TALK ABOUT YOUR TAX SITUATION
Tell Us About Your Tax Return
Have a question about your Your Self-Employed Tax Return? Send us a few details and our team can help you determine the appropriate next step.
Need Help With Your Self-Employed Tax Return?
Whether you are a freelancer, contractor, professional or business owner, organizing self-employed income and expenses can make tax filing more complicated than a standard employment return. Shami CPA can help you understand what information is needed and prepare your tax return based on your circumstances.
Mississauga-Based CPA • Direct CPA overview • Serving Clients Across Canada