Bookkeeping and Tax for Self-Employed Canadians
Tax software files your taxes. We help you make the decisions around them.
Teplov CPA provides bookkeeping, tax compliance, and tax planning for independent contractors, commission earners, and real estate investors across Canada.
Who We Serve
Built for self-employed professionals with income that does not fit a standard template
You are not a typical employee with a single T4. You have multiple income sources, expenses that cross personal and business lines, and questions that tax software cannot answer. Should you incorporate? Have you crossed the GST/HST threshold? Which expenses will withstand CRA scrutiny? Are your quarterly installments set correctly? These are judgment calls. They require context.
We Work With
Real Estate Investors
Two to five properties generating rental income, whether long-term tenants or short-term rentals through Airbnb and VRBO. We address CCA schedules, principal residence exemption planning, corporate structure decisions, and property-level profitability. You should understand what each property actually costs you at tax time and whether your structure still makes sense.
Core Services
Three core services for self-employed Canadians.
#1
Monthly Bookkeeping
Clean books throughout the year make tax season a review, not a scramble. We handle monthly categorization, reconciliations, and GST/HST tracking using Xero and QuickBooks Online, configured specifically for self-employed income structures.
#2
Tax Compliance
T1 personal returns, T2125 self-employment schedules, T2 corporate returns, GST/HST registration and filings, and quarterly installment planning. Everything is filed correctly, on time, and with a CPA who already understands your situation.
#3
Tax Planning
ncorporation timing, deduction strategy, home office and vehicle expense setup, and year-end planning. These are the decisions that directly affect what you owe. We walk through the numbers based on your specific facts.
Why Choose Teplov CPA
What distinguishes us from tax software and from a generic bookkeeper.
A CPA Relationship, Not a Call Centre
You work with a CPA-led team that knows your income structure, your industry, and your situation year over year. Not someone starting fresh every April.
Industry-Specific Knowledge
The tax issues facing an IT contractor differ from those of a mortgage agent or a trades contractor. We understand those differences and structure your file accordingly.
The Decisions Software Cannot Make
Should you incorporate? Did you cross the GST/HST threshold months ago without realizing it? Are your installments calculated correctly? These are professional judgments, not checkboxes.
FAQ
Self-employed Canadians and incorporated professionals with income that goes beyond a standard T4. This includes contractors, consultants, commission-based professionals, trades contractors, and rental property owners.
Yes. We prepare T2 corporate returns, advise on salary versus dividend planning, and provide ongoing bookkeeping for incorporated professionals.
Xero is our primary platform. We also work with QuickBooks Online. If you use another system, we can assess what makes sense during your introductory call.
Yes. We assist with registration once you meet the threshold and manage ongoing tracking, input tax credit monitoring, and periodic filings.
Yes. We calculate installment obligations and help you avoid interest and penalties due to underpayment.
We work with Canadian residents who earn income from US clients, platforms, and contracts and are familiar with cross-border reporting considerations.
The onboarding process typically takes two to three weeks from your introductory call to having your books set up and your first month in progress.
Active clients receive same-day responses during business hours.
No. Our services are limited to bookkeeping, tax compliance, and tax planning. If you require audit or assurance services, we can refer you to an appropriate firm.
Tax software prepares a return based on what you enter. A CPA identifies what may be missing, flags decisions that need to be made, and structures your file with future years in mind. The difference is professional judgment and continuity.
2025 Tax Returns
The filing deadline for self-employed Canadians is June 15, 2026.
Any balance owing is still due April 30, 2026.