Pick a year, pick where you file, and I'll give you the summary
your accountant actually needs — mapped to the right tax form
line items.
Tax year
Where you file
Province
Total income
$0.00
No invoices booked yet
Total expenses
$0.00
No expenses booked yet
Net profit
$0.00
income minus expenses
GST/HST summary
Collected on income
$0.00
Paid on expenses (ITC)
$0.00
Net remittance
$0.00
owed to CRA
Heads-up:
This estimate assumes all income and expenses are GST/HST applicable.
Zero-rated supplies, exempt supplies, and US-vendor purchases without
Canadian GST/HST will skew this number. Your accountant catches the
edge cases. PST (BC/SK/MB) is a separate provincial filing and not
included here.
○
Nothing booked for this year yet
To get a tax summary, you need transactions on the books. Run
Catch-up mode to drop in a bank statement
and book months of expenses in one sitting.
T2125 expense breakdown
Category
Tax form line
Transactions
Amount
Total expenses
$0.00
Send this to your accountant
I'll open your email client with the summary pre-written. You
review, edit if you like, hit send. No data leaves your computer
that you haven't seen first.
Heads-up:
This summary is a starting point for your accountant — it's not tax
advice. The category-to-form mapping reflects common interpretations
for solopreneurs but your accountant may move items to different
line numbers based on your specific situation. Always file through
a qualified tax professional or your country's official software.