Deductions, credits and programs small business owners and the self-employed in Canada can claim.
10 articles
Incorporating can lower the tax on profits you leave in the business. It also adds costs, paperwork and a second tax return. Here is how the two structures compare, and the question that usually decides it.
There is no general federal deduction for rent, but Ontario, BC and Quebec all pay renters through the tax system, and self-employed renters can deduct part of their rent. Here is who qualifies and how to claim.
Freelancers and side businesses can usually wait to register for GST/HST until they cross $30,000. Knowing exactly when you cross it, and whether to register sooner, can save you a painful bill.
Etsy, Airbnb, Uber and other platforms now send the Canada Revenue Agency a yearly summary of what their sellers earned. Your copy arrives by January 31. Here is what is in it and how to make sure your return matches.
Self-employed Canadians pay both halves of the Canada Pension Plan, and in 2026 the maximum tops $9,290. Here is how the bill is calculated, what you get back at tax time, and how to stop it from being a surprise in April.
The 7% PST on accounting, engineering and other professional services was due on October 1, 2026. It is on hold, not cancelled. Here is what that means for the businesses that sell those services and the ones that buy them.
If you work from a rented home, part of your rent may be deductible, but the rules for self-employed people and employees are different, and both are stricter than many people assume.
Your lease, your city’s bylaws, your insurance and the CRA all have something to say about the business on your kitchen table, and most of it is manageable once you know where to look.
The small business deduction lowers the corporate tax rate on a Canadian-controlled private corporation’s first slice of active business income, but who qualifies, and what it really saves, is more nuanced than most people think.
From GST/HST input tax credits to EI coverage for the self-employed, these are the credits, deductions and programs I most often saw small business owners overlook.
