01 · Issue
Certifications, training, lab environments, insurance, and specialized tooling need defensible support
Cybersecurity Consultants
Accounting for cybersecurity contractors and independent security consultants.
CPA-led tax and accounting support for Canadian cybersecurity contractors handling certifications, tooling, client retainers, U.S. work, and PSB risk.
Common contract patterns
The accounting should follow the work pattern. These are the contract types and arrangements that come up most often for this role.
01
penetration testing
02
security audits
03
incident response
04
governance and compliance
Tax and bookkeeping issues to watch
Patterns that come up in practice for this role and that a generic small-business accountant may not be watching for.
02 · Issue
Retainer and project revenue should be reconciled cleanly to invoices and GST/HST treatment
03 · Issue
Security contractors with one enterprise client should review control, tools, and substitution rights
Deeper reading
Higher-rate technical contractors typically have more at stake than filing. Incorporation timing, GST/HST treatment, compensation planning between salary and dividends, retained earnings strategy, and PSB fact review are all decisions that come up as contracts grow and rates rise.
The pages below address the specific questions that come up most often for this role.
Related guides
Detailed breakdowns of the decisions that come up most often for this role.
- G · 01
Personal Services Business Risk for Incorporated IT Contractors
What a personal services business determination means, how CRA assesses it, and the tax and expense consequences for incorporated contractors.
→ - G · 02
Should I Incorporate as an IT Contractor?
The tax math, admin cost, PSB risk, and cash-flow factors that determine whether incorporation makes sense for IT contractors.
→ - G · 03
Home Office and Business Expenses for IT Contractors
How Canadian IT contractors should support home office, software, equipment, phone, internet, and vehicle deductions.
→ - G · 04
GST/HST Registration for Canadian IT Contractors
The $30,000 threshold, voluntary registration, input tax credits, and retroactive liability risk for IT contractors.
→ - G · 05
Salary vs Dividend for Incorporated IT Contractors
How incorporated Canadian IT contractors should compare salary and dividends for tax, CPP, RRSP room, cash flow, and corporate planning.
→
Cybersecurity Consultants
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