Project Work Is Unpredictable.
Your Books Shouldn't Be.
Whether you work in construction, trades, IT, or any other field, contracting comes with income that fluctuates by project. We keep your books clean, your GST/HST filed, and your records CRA-ready — no matter how many clients you juggle.
What Contractors Deal With
Variable Project Income
Your revenue changes month to month depending on contracts. Tracking income against expenses across multiple projects is time-consuming and error-prone without proper systems.
GST/HST on Every Invoice
Contractors must charge GST/HST on most services. Missing a registration deadline or failing to remit properly triggers penalties and interest you shouldn't have to pay.
Worker Classification Risk
If the CRA reclassifies your relationship with a client as employment, both you and your client face unexpected CPP and EI assessments. Proper documentation protects you both.
Services for Contractors
Monthly Bookkeeping
Income and expenses tracked by project. Accounts reconciled monthly so you always know exactly where you stand — and every deduction is captured.
GST/HST Filings
Registration, return preparation, and electronic filing. We track what you collect and what you owe — you just approve before we file.
Annual Tax Returns
T1 with full self-employment schedule. Every eligible deduction claimed — tools, vehicle, home office, insurance, professional development.
Payroll & T4As
If you hire employees or subcontractors, we process payroll and issue T4s and T4As correctly — the CRA watches contractor-subcontractor relationships closely.
Year-End Support
Year-end close and working papers ready for your accountant. If you're incorporated, we coordinate directly with your CPA for the T2.
CRA Support
Got a CRA letter or audit notice? We respond professionally on your behalf and provide the documentation needed to resolve it.
Contractor Questions — Answered
The CRA uses several factors: control over how work is done, ownership of tools, financial risk, and exclusivity of the relationship. If you set your own hours, use your own equipment, and work for multiple clients, you are generally self-employed. Getting this wrong can result in unexpected CPP and EI assessments. We help you document your contracts correctly from the start.
Yes, once your annual revenue exceeds $30,000 in a single calendar quarter or over four consecutive quarters, registration is mandatory. We handle the registration, prepare your returns, and remit on time so you never face penalties.
Common deductions include tools and equipment, vehicle use (mileage log required), home office expenses, liability insurance, professional development, and subcontractor costs. We track all of these throughout the year so everything is properly documented at tax time — no scrambling for receipts.
The CRA requires all receipts, invoices, contracts, and bank statements to be kept for at least six years. We organize your records on an ongoing monthly basis so you are always audit-ready — no end-of-year panic.
Useful Articles for Contractors
T4A Slips for Contractors: When and How to File
Pay a contractor more than $500? You may need to issue a T4A. Here's who qualifies and how to file by the deadline.
Employee vs. Independent Contractor: How the CRA Decides
The four-factor test the CRA uses, why misclassification costs more than you think, and how to protect yourself.
Keep Your Focus on the Work.
We'll Keep the Books Straight.
Tell us about your contracting business and we'll send you a custom, no-obligation quote within 1 business day.