Self-Employed Tax Return
Being self-employed brings exciting opportunities, but it also comes with unique tax responsibilities. At QualiVests Inc., we specialize in helping self-employed individuals navigate the complexities of tax filing, ensuring compliance with CRA regulations and optimizing financial outcomes. From sole proprietors to gig economy workers, our tailored services meet the diverse needs of Canada’s self-employed professionals.
Comprehensive Self-Employed Tax Services
Our self-employed tax services include:
T2125 Form Preparation
Accurately report your business income and expenses with our professional assistance.
Expense Optimization
Maximize your deductions by identifying eligible business expenses such as home office costs, vehicle use, and supplies.
HST/GST Filing Support
Ensure timely and accurate sales tax filings to meet your CRA obligations.
CRA Compliance and Representation
Let us handle CRA inquiries or audits, giving you peace of mind.
Why Choose QualiVests for Self-Employed Tax Filing?
Expert Guidance
With over a decade of experience, we’re well-versed in the tax requirements for self-employed individuals across industries.
Customized Solutions
Whether you’re a consultant, freelancer, or contractor, we tailor our services to your specific situation.
Transparent Pricing
Our affordable and clear pricing ensures you know exactly what to expect.
Convenient Options
File your taxes remotely or in-person—whichever works best for you.
Frequently Asked Questions
1. What types of expenses can self-employed individuals deduct?
Self-employed individuals can deduct a range of business-related expenses, including home office costs, vehicle expenses, advertising, supplies, and professional fees. QualiVests helps you identify all eligible deductions to minimize your tax liability.
2. Do I need to register for HST/GST if I’m self-employed?
You must register for HST/GST if your annual revenue exceeds $30,000. QualiVests assists with registration, filing, and ensuring compliance with sales tax regulations.
3. How should I manage my income and expenses as a self-employed individual?
Maintaining detailed records of income and expenses is essential. Using tools like QuickBooks or working with QualiVests ensures your financial data is organized and ready for tax season.
4. What happens if I miss the tax filing deadline?
Missing the deadline can result in penalties and interest charges. QualiVests ensures your taxes are filed on time and accurately to avoid such issues.
5. How does self-employment income affect CPP contributions?
Self-employed individuals must pay both the employee and employer portions of CPP contributions. QualiVests calculates these amounts and ensures they are included in your tax return.
Need help with self-employed tax filing?
Simplify your self-employed tax filing with QualiVests. Contact us today to schedule a consultation and ensure your taxes are accurate, compliant, and optimized.