Business Taxes

Sole Proprietorships(self-employed)

As a self-employed individual, your net business or professional income is reported on your personal tax return. It is therefore important to understand what you information you need to track in order to complete your return and minimize your taxes. You will also need to consider other taxes such as HST and payroll taxes if you have employees. I can assist with getting you set up and have developed easy to use worksheets to capture the information you need.

Fees

All fees subject to GST/HST

Self-employed T1 personal tax return $450

GST/HST Return $200

Self-employed taxes – how they work

Tracking your self-employed income and expenses

Self-employed worksheets

Corporations

I provide corporate income tax preparation for small service based corporations such as consulting, training and writing businesses. A corporation is a separate legal entity so it is important to set up the business properly and understand all the filing requirements. Please go to the contact page if you would like more information.

Fees

All fees subject to GST/HST

T2 Corporation Income Tax Return $900

GST/HST Return $200

T5 Slip and Summary $200 (one shareholder)

T4 Slip and Summary $200 (one employee)

Year End Write Up or Year End Adjusting Entries – please request fee quote