Services

What We do

We provide bookkeeping, tax compliance, and tax planning for self-employed Canadians whose income does not fit a standard template.

Our services are structured around the real tax and bookkeeping issues IT contractors, mortgage agents, insurance brokers, trades contractors, real estate agents, and real estate investors face throughout the year, not only at tax time.

Monthly Bookkeeping

Clean books throughout the year make tax season a review, not a scramble.

We manage monthly categorization, reconciliations, and GST/HST tracking using Xero and QuickBooks Online, configured specifically for self-employed income structures.

You receive organized financial records and monthly reports that show what you earned, what you spent, and how your business is performing.

What’s Included

Monthly transaction categorization
Bank and credit card reconciliation
Monthly financial statements, including profit and loss and balance sheet
Expense tracking and deductible spend monitoring
GST/HST tracking and input tax credit monitoring
Year-end file preparation for smooth tax season handoff

Typical Situations

IT contractors preparing for a potential incorporation decision
Mortgage agents tracking commission splits across multiple brokerages
Insurance brokers managing commissions from multiple carriers and E&O insurance costs
Trades contractors managing project income and subcontractor payments
Real estate agents tracking deal-based income and transaction expenses
Real estate investors requiring property-level profit and loss clarity, including short-term rentals

Monthly bookkeeping pricing is based on transaction volume and complexity. Fees are discussed during your introductory call.

Tax Compliance

We prepare and file returns accurately and on time, with a CPA who understands your file.

Services include T1 personal returns, T2125 self-employment schedules, T2 corporate returns, GST/HST registration and filings, and quarterly installment calculations.

2025 Tax Returns Now Open

Self-employed individuals have a T1 filing deadline of June 15, 2026. Any balance owing is due April 30, 2026.

Two Options
Tax Return Review – $150
You prepare your return. We review it for missed deductions, common errors, and potential CRA red flags before filing. If you proceed with bookkeeping services, the review fee is credited toward your first month.

CPA-Prepared Return – Starting at $350
We prepare your T1 and T2125 based on your records. If you proceed with bookkeeping services, the preparation fee is credited toward your first month.

What’s Included

T1 personal tax return preparation
T2125 self-employment income reporting
T2 corporate tax return preparation
Supporting schedules, including home office, vehicle expenses, and capital cost allowance
GST/HST registration assistance and periodic filings
Quarterly installment calculations
CRA correspondence support related to prepared filings

Typical Situations

IT contractors with multiple T4As and US client payments
Mortgage agents claiming vehicle expenses and licensing fees
Insurance brokers deducting E&O insurance and carrier licensing costs
Trades contractors reporting project income and equipment depreciation
Real estate agents managing commission income and transaction expenses
Real estate investors managing rental income reporting, CCA schedules, and principal residence exemption considerations

Tax preparation pricing varies by complexity. The $350 starting rate applies to straightforward self-employed T1 returns. Corporate returns and complex situations are quoted individually.

Tax Planning

Tax planning focuses on decisions that directly affect what you owe.

We analyze incorporation timing, deduction strategy, home office and vehicle expense setup, and year-end planning using your actual numbers.

What’s Included

Incorporation timing analysis
Salary versus dividend planning for incorporated professionals
Deduction strategy based on your profession and income structure
Home office and vehicle expense tracking setup
Quarterly installment planning and adjustment
Year-end tax planning conversations

Typical Situations

IT contractors billing $100,000+ annually and considering incorporation
Mortgage agents evaluating whether incorporation improves tax efficiency
Insurance brokers reviewing corporate structure for commission income optimization
Trades contractors deciding between sole proprietorship and corporate structure
Real estate agents analyzing incorporation benefits for commission-based income
Real estate investors reviewing whether to hold properties personally or in a corporation, and understanding HST obligations for short-term rentals

Tax planning is typically delivered alongside ongoing bookkeeping or as part of a corporate engagement. It may also be purchased as a standalone consultation.

How It Works

1. Initial Contact

Email contact@teplov.ca with a brief description of your situation. We typically respond within one business day.

2. Intro Call

We schedule a 30-minute call to understand your income structure, current setup, and what you need. You receive a clear fee quote based on scope and complexity. There is no obligation.

3. Engagement and Onboarding

Once you decide to proceed, we send an engagement letter outlining scope, pricing, and responsibilities. Onboarding typically takes two to three weeks from agreement to having your books set up or your tax file started.

4. Ongoing Support

Tax clients receive support through filing season and related follow-up. Bookkeeping clients receive monthly service throughout the year with same-day responses during business hours.

2025 Tax Returns

The filing deadline for self-employed Canadians is June 15, 2026.
Any balance owing is still due April 30, 2026.

Learn About 2025 Tax Returns