Self-Employed Tax Guide
Self-Employed? Maximize Your Deductions
Freelancers, contractors, and gig workers have unique tax situations. We'll help you find every deduction you're entitled to.
Self-Employment Tax Reminder
As a self-employed individual, you're responsible for both the employee and employer portions of CPP contributions. You may also need to make quarterly tax installments.
Common Deductions for Self-Employed
Don't leave money on the table. These are the most common deductions self-employed Canadians can claim.
Home Office
Deduct a portion of rent, utilities, and internet
Vehicle Expenses
Mileage, gas, insurance for business use
Equipment & Supplies
Computers, software, office supplies
Professional Services
Accounting, legal, and consulting fees
Business Insurance
Liability, professional, and health insurance
CPP Contributions
Self-employed CPP premiums (both portions)
Tax Tips for Self-Employed
- Keep detailed records of all business income and expenses
- Separate business and personal bank accounts
- Track mileage for business-related travel
- Save receipts for all deductible expenses
- Consider quarterly tax installments to avoid penalties
- Maximize RRSP contributions to reduce taxable income
Track Your Income & Expenses
Good record-keeping is essential for self-employed tax filers. Start your estimate to see what information you'll need.
Start Your Estimate