Who it’s for
What’s included
- Business income and expense tracking
- Statement of business activities (Definition: T2125 Federal form reporting the income and expenses of a business or self-employment. See the glossary and Definition: TP-80 Quebec form for business income and expenses; the equivalent of the T2125. See the glossary)
- Vehicle, tool and equipment expenses
- Business use of home
- Bookkeeping
- Advice on Definition: Tax instalment A tax payment made in advance, usually four times a year, when tax isn’t withheld at source. See the glossary and Definition: GST Goods and Services Tax, federal (5%). See the glossary/Definition: QST Quebec Sales Tax (9.975%). See the glossary
Documents to prepare
Tick them off as you go. Nothing is saved or sent.
Missing a document? Call us and we’ll guide you.
Dates to watch
- Tax instalment · in 47 daysQuarterly payment, if you are required to make them.Add to calendar : Tax instalment, December 15, 2026
- Personal tax returns · in 6 monthsDefinition: T1 The federal personal income tax return, filed with the Canada Revenue Agency. See the glossary and Definition: TP-1 The Quebec personal income tax return, filed with Revenu Québec. See the glossary returns due, and any 2026 balance owing must be paid.Add to calendar : Personal tax returns, April 30, 2027
- Self-employed · in 8 monthsFiling deadline for self-employed people and their spouses. Any balance owing is still due April 30.Add to calendar : Self-employed, June 15, 2027
- Based on your periodGST/QSTMonthly, quarterly or annual returns, generally due one month after the period ends.
Frequently asked questions
When is my return due?
Self-employed people and their spouses have until June 15 to file. However, any balance owing must be paid by April 30 to avoid interest.
Do I need to pay tax instalments?
If your net tax owing is over $1,800 (Quebec residents) or $3,000 (elsewhere in Canada) for the current year and for either of the two previous years, you must pay quarterly Definition: Tax instalment A tax payment made in advance, usually four times a year, when tax isn’t withheld at source. See the glossary on March 15, June 15, September 15 and December 15. We work out the amounts with you.
Can I deduct my vehicle?
Yes, the share used for work: fuel, insurance, maintenance, registration, interest or lease payments, and depreciation. A mileage log is essential to support that share.
