Self-Employed Individuals
Keep more of what you earn.
Self-employment comes with unique tax advantages — but only if you know how to claim them. We help freelancers, contractors, and sole proprietors maximize their business expense deductions, manage HST, and stay ahead of quarterly instalment payments.
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What We Offer
Who Is This For?
Why Choose Synergy
Every Deduction Claimed
Home office, vehicle, phone, equipment, professional development — we review every eligible expense so nothing is left on the table.
No Instalment Surprises
CRA expects quarterly instalments when you owe more than $3,000. We calculate and plan these so you're never caught with a large balance in April.
HST Made Simple
We handle registration, quarterly or annual filing, and advise on the Quick Method election if it saves you money.
Incorporation Guidance
When your income hits a threshold where incorporating makes sense, we'll model the tax savings and guide you through the process.
Frequently Asked Questions
What counts as a business expense?
Any reasonable expense incurred to earn business income can be deducted — including home office costs (proportional), vehicle use (mileage log required), professional tools and software, marketing, professional development, and business insurance. The key word is 'reasonable' and 'business purpose.' We review every category with you to ensure you're claiming everything you're entitled to without overstepping CRA's guidelines.
Do I need to register for HST?
You're required to register for HST once your self-employment revenue exceeds $30,000 in a 12-month period. Some people choose to register voluntarily before this threshold. Once registered, you charge HST on your services and remit the difference between what you collected and your input tax credits (ITCs). We handle registration and ongoing filing.
What are quarterly tax instalments?
If you owe more than $3,000 in taxes (net federal tax) in the current or either of the two previous tax years, CRA may require you to pay instalments quarterly (March, June, September, December). Missing instalments results in interest charges. We calculate your instalment amounts and remind you of due dates.
I have a T4 from an employer and self-employment income. Is that more complicated?
It's very common and we handle it regularly. Your T4 employment income and self-employment income are both reported on your T1, and we ensure all deductions, credits, and CPP contributions are handled correctly. In some cases, the self-employment income affects your CPP contributions, which we'll explain and optimize.
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