Who is a sole proprietor/small business owner?
Many self-employed Canadians or partnerships that are not incorporated file their income and expenses on a T1 income tax return. Examples include:
- Sole proprietor
- Freelancer
- Independent contractor
- Consultant
- Tradesperson
- Commission salesperson
- Creative professional
- Online service provider
- Cleaning service
- Unincorporated professional
- Home based business owner
- Partnership member
Your filing requirements depend on how your business is structured and the type of income you earn. We review your situation and help determine the appropriate reporting approach.
Running a small business already requires you to manage clients, deadlines, expenses, administration, and cash flow.
Your income tax return adds another layer of responsibility. You need to separate personal and business expenses, organize receipts, calculate business use percentages, report all income, identify eligible deductions, and ensure everything is entered correctly on your T1 return.
We help you turn incomplete records, receipts, statements, and financial information into an accurate small business tax return.
You receive more than completed tax forms. You receive a clear understanding of your tax position and professional guidance for the year ahead.