Services
Three services. One consistent CPA.
Bookkeeping, tax compliance, and tax planning for self-employed Canadians. Pricing is provided after a brief consultation.
01
Monthly Bookkeeping
Organized books every month. Not a catch-up before tax season, but a consistent process that keeps your numbers accurate and your HST account reconciled throughout the year.
Set Up BookkeepingWhat is included
- Transaction categorization for all bank and credit accounts
- Monthly bank and credit card reconciliations
- GST/HST input tax credit tracking
- Monthly financial statements (income statement, balance sheet)
- Accounts receivable and accounts payable summary
- Year-end trial balance ready for tax preparation
Software
We work in Xero and QuickBooks Online. If you are already on one of these platforms, we connect to your existing file. If you are starting fresh, we set up the chart of accounts specific to your industry.
Who this is for
Self-employed individuals with regular business activity who need clean books for tax filing, GST/HST compliance, and business decisions. Most useful for those with monthly revenue above the GST/HST registration threshold.
02
Tax Compliance
Filed correctly and on time. T1 personal returns, corporate T2 returns, T2125 self-employment schedules, GST/HST filings, and quarterly instalment calculations.
File with a CPAWhat is included
- T1 personal income tax return
- T2125 self-employment income and expense schedule
- T2 corporate income tax return (if incorporated)
- GST/HST return preparation and filing
- Quarterly instalment calculations and reminders
- CRA correspondence management
Common situations
- IT contractor with T4A income and home office deduction
- Mortgage broker with variable commission income
- Real estate investor with T776 rental income schedule
- Incorporated professional with salary and dividend split
- Self-employed individual with U.S.-sourced income
Deadlines
T1 personal returns are due June 15 for self-employed individuals, though any balance owing is due April 30. T2 corporate returns are due 6 months after the fiscal year-end. GST/HST deadlines depend on your filing frequency.
03
Tax Planning
Decisions made before year-end. Incorporation analysis, deduction strategy, compensation structure, and the year-round planning that reduces what you owe before the filing deadline.
Start PlanningWhat is included
- Incorporation timing analysis (when it saves vs. when it does not)
- Salary versus dividend optimization for incorporated professionals
- Home office deduction setup and calculation
- Vehicle expense deduction strategy
- GST/HST registration threshold planning
- Year-end income and expense timing decisions
Planning areas by industry
- IT contractors: eligible deductions, incorporation break-even, RRSP timing
- Brokers: commission deferral, brokerage cost deductions, vehicle use
- Trades: materials and equipment deductions, CCA elections, HST quick method
- Real estate investors: CCA elections, disposition planning, principal residence
When to engage
Tax planning is most effective before November. After December 31, most decisions are already made. We structure planning conversations around the current tax year while decisions can still be acted on.
How onboarding works
The first engagement typically takes 2 to 3 weeks. Here is what that involves.
- 1
Initial conversation
We review your work type, current accounting setup, and what services you need. This gives us enough context to assess fit and prepare a proposal.
- 2
File review and setup
We gather prior-year returns, connect your accounting software, and set up the chart of accounts for your industry and income type.
- 3
Regular cadence begins
Monthly bookkeeping runs on a fixed schedule. Tax deadlines are tracked and communicated in advance. Planning conversations happen before year-end.
Ready to get started?
Send us a brief description of your work and current accounting situation. We respond within one business day.
Contact Teplov CPA