She says to simply set up a phone call or one-way video call to review your tax documents before they file for you. You can schedule a time to connect with the tax expert when it is most convenient for you, from the comfort of home. If you’re registered for GST/HST, they will handle that return for you as well at no extra cost. A TurboTax expert who knows everything about filing a self-employed income tax return accurately will do your taxes for you. She recommends leaving your taxes to the experts and go with TurboTax Live Full Service Self Employed. It can be found at TurboTax.ca under the “self-employed” category.Īlmeida then suggests using technology to your advantage. Not sure what to include? TurboTax has a Self-Employed Checklist which you can download and use every year. In addition to your usual tax receipts, such as T4s, childcare, investments, etc., you will also need to collect the receipts for your business. Almeida says unless you are sure you’re going to get a refund, you can avoid interest or late payment penalties by ensuring you get your taxes in order by May 2.Īlmeida suggests getting organized now. While Wealthsimple owns SimpleTax, you do not have to be a Wealthsimple customer to use this software. There are no fees whatsoever to use SimpleTax. However, if you owe money to Canada Revenue Agency (CRA), that amount is still due by May 2nd, despite mid-June filing deadline. Now known as Wealthsimple Tax after being acquired by robo-advisor Wealthsimple in 2019, SimpleTax is a completely free Canadian tax software. The self-employed tax filing deadline for Canadians is June 15. With so many self-employed workers in the past two years, she says many are not up to speed with what to do when it comes to filing their tax returns.Īlmeida consulted a friend at TurboTax Canada to provide a few quick tips for self-employed individuals. Keep more of your hard earned money and file with confidence with Canada’s 1 best-selling tax. Almeida says she has mom-friends with interior design companies, home-based bakeries and more. Whether you choose to do your taxes by yourself, with the guidance of a tax expert along the way, or to hand them off to an expert who will handle them for you from start-to-finishwe’ll get you to I got this. We may all know someone who has a side hustle or identifies as self-employed. Lifestyle expert Lena Almeida shared tips from TurboTax Canada for self-employed filers. If you started a small business during the past two years, you’re in great company! Two million Canadian entrepreneurs – including a large percentage of “mompreneurs” – created businesses during COVID-19.
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