Business Tax Services for Sole Proprietors
Accurate, Strategic & CRA-Compliant Tax Filing for Small Business Owners
Running a business as a sole proprietor in Canada means your business income and expenses are reported on your personal tax return (T1). While this structure is simple, managing business income, expenses, GST/HST, and CRA compliance can quickly become overwhelming.
At Can4 Tax & Accounting, we provide professional Business Tax Services for Sole Proprietors, helping self-employed individuals file accurately, maximize deductions, and minimize tax liability—while staying fully compliant with Canada Revenue Agency (CRA) regulations.
Why Choose Our Sole Proprietor Tax Services?
Accurate & Timely Filing
We prepare and file your business and personal taxes correctly and on time to avoid penalties and interest.
Maximize Business Deductions
We carefully review your income and expenses to ensure all eligible deductions are claimed.
CRA Compliance
Our team stays current with CRA rules for self-employed individuals and small businesses.
Integrated Personal & Business Tax Planning
We align your business income with your personal tax strategy to reduce overall tax burden.
Year-Round Support
Ongoing assistance with CRA correspondence, audits, and tax planning.
Our Sole Proprietor Tax Services Include
Business Income Reporting (T2125)
- Preparation of Form T2125 – Statement of Business or Professional Activities
- Accurate reporting of business income from sales and services
Business Expense Deductions
We identify and claim all allowable expenses, including:
- Rent, utilities, and office supplies
- Equipment, software, and tools
- Vehicle and travel expenses
- Advertising and marketing costs
- Subcontractor and wage payments
- Home office deductions
GST/HST Registration & Filing
- Registration for businesses exceeding the $30,000 threshold
- Accurate GST/HST calculation and remittance
- Monthly, quarterly, or annual HST filing
Personal Tax Return Integration (T1)
- Seamless integration of business income with your personal tax return
- Optimization of personal credits and deductions
Tax Planning & Optimization
- RRSP and TFSA planning
- Business deduction planning
- Future tax-saving strategies
Record Management & Compliance
- CRA-compliant record-keeping guidance
- Receipt and invoice organization
CRA Audit & Review Support
- Assistance with CRA reviews or audits
- Support with document preparation and submission
Industries We Commonly Support
Trades and construction
Freelancers and consultants
Health and wellness professionals
IT contractors and developers
Ride-share and delivery drivers
Retail and e-commerce businesses
Key Tax Deadlines for Sole Proprietors
April 30
Tax payment deadline to avoid interest
June 15
Filing deadline for self-employed individuals
Installments
Quarterly payments if required by CRA
Our Easy Sole Proprietor Tax Filing Process
Consultation
Discuss your business activity, income, and expenses.
Document Submission
Submit records securely—online or in person.
Tax Preparation
We prepare your T2125 and personal tax return accurately.
Review & Approval
We review the completed return with you before filing.
Filing & Ongoing Support
We file with CRA and assist with follow-ups or adjustments.
Documents You May Need
Business income records
Expense receipts and invoices
Vehicle and mileage records (if applicable)
Home office expense details
GST/HST records
Prior tax returns or Notices of Assessment
How to Get Started
Contact Us
Call or email to schedule your consultation
Submit Documents
Upload securely or drop off at our office
We Handle the Rest
Accurate preparation, filing, and support
Ready to File Your Sole Proprietor Tax Return?
Let Can4 Tax & Accounting take care of your business taxes—accurately, strategically, and stress-free.