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As a self-employed individual, staying prepared for tax season year-round is essential. BTCPA can assist you in staying organized and ensuring your financials are up to date.
With over 200 5-star reviews on Google, BTCPA has also secured consecutive awards on Clutch, been highlighted in the Canadian Star, and recognized as one of the Best Companies for 2022 on “ThreeBest Rated”.
Determining the amount of tax owed and identifying the necessary tax forms for filing with the CRA are crucial tasks for self-employed individuals. Preparation for tax season should be ongoing, involving meticulous record-keeping of income, expenses, and tax deductions throughout the year. BTCPA can assist you in navigating these requirements seamlessly.
Being self-employed and handling your business independently demands significant effort and dedication. At BTCPA, we alleviate the burden by managing your personal taxes, HST returns, and ensuring proper maintenance of your financial records. Equipped with various accounting software and online management tools, we streamline the process for you.
You can entrust the accounting and tax responsibilities to our Chartered Professional Accountant at BTCPA. They will expertly manage your taxes, saving you valuable money that might have otherwise gone to the CRA.
For self-employed individuals, business income and personal income are intertwined. There isn’t a distinct income tax rate for income generated from self-employment. In addition to income tax, self-employed individuals are required to make contributions to the Canadian Pension Plan (CPP) and have the choice to contribute to Employment Insurance (EI). Therefore, their total tax obligations encompass Income Tax along with CPP and/or EI contributions. BTCPA can help you navigate these tax requirements efficiently.
+1 647-366-7722
info@btcpa.ca
28 Village Center Pl, Suite 206 Mississauga, ON L4Z 1V9