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Small Business & Sole Proprietor Tax Filing (T1 + T2125)

Tax filing made easy for freelancers, contractors, and self-employed professionals.

We help you report income, claim every deduction, and stay compliant with CRA.

Self-Employment Tax Filing for Canadian Freelancers & Small Businesses

If you're self-employed, a freelancer, or run a small business in Canada, you're required to report your income and expenses through your personal return using Form T1 + T2125 (Statement of Business or Professional Activities).

At Tax Genius LLC, we specialize in preparing and e-filing self-employment and small business tax returns. Our experts ensure your income is accurately reported, your expenses are maximized, and your return is CRA-compliant โ€” all while identifying legal ways to reduce your tax bill.

From first-time freelancers to experienced contractors, we simplify the process so you can focus on growing your business.

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T1 + T2125 Filing

Complete personal and business tax returns

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Expense Optimization

Maximize deductions and minimize tax

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GST/HST Reporting

Accurate tax collection and filing

What's Included

Complete self-employment and small business tax preparation services

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T1 Personal Tax Return with Business Income

Preparation and e-filing of your personal tax return (T1) including self-employed income.

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T2125 Business/Professional Activity Statement

Detailed reporting of business income and expenses, including home office, vehicle, and supply costs.

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Expense Optimization & Deduction Review

We review your expenses to ensure every eligible cost is claimed โ€” maximizing your refund or minimizing tax owing.

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GST/HST Reporting Assistance

We calculate and report GST/HST collected and paid, and file your periodic returns.

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Multi-Income Stream Support

We handle multiple business activities, contract income, or side hustles on a single return.

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CRA E-Filing & Confirmation

Your return is securely filed electronically with CRA, with official confirmation and summary report.

Who This Service Is For

Tax filing solutions for all types of self-employed Canadians

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Freelancers & Contractors

Designers, consultants, IT professionals

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Self-Employed & Gig Workers

Uber, Etsy, Amazon, service-based businesses

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Small Business Owners

Sole proprietors and independent businesses

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New Entrepreneurs

First-year business tax filing

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Part-Time Income Earners

Side income or multiple revenue streams

Our 4-Step Process

Streamlined workflow for accurate self-employment tax filing

Step 1

Income & Expense Review

We gather your income details (invoices, 1099-equivalent slips, sales) and review all business expenses.

Step 2

Prepare T2125 Statement

We prepare a complete T2125 to report your business activity, expenses, and net income accurately.

Step 3

File T1 Return

We integrate your T2125 data into your T1 personal return, calculate taxes payable, and e-file with CRA.

Step 4

Optimize for Next Year

We provide tailored recommendations to improve your tax efficiency and recordkeeping for future filings.

Required Documents

๐Ÿ“„ Business income summary (invoices, statements, or bookkeeping records)
๐Ÿฆ Bank statements or accounting reports
๐Ÿงพ Receipts for business expenses (home office, vehicle, phone, internet, travel, etc.)
๐Ÿ†” CRA Business Number (BN) and GST/HST info (if applicable)
๐Ÿ“ Prior-year tax return (if available)
๐Ÿ“‹ T-slips (T4A, T5018, etc.) for contract income

Why Choose Tax Genius LLC

๐Ÿ’ผ Self-Employment Experts

We handle returns for freelancers, consultants, and independent professionals daily.

๐Ÿ’ก Maximize Deductions

We identify every eligible expense โ€” from home office to digital tools.

โš™๏ธ CRA-Compliant Process

Accurate reporting and e-filing, with full CRA approval.

๐Ÿ”’ Secure & Efficient

Encrypted document sharing and digital signature integration.

๐Ÿ“ˆ Business Growth Insight

Year-round support for planning, GST/HST setup, and quarterly payments.

Pricing Packages

Transparent pricing for self-employed and small business tax filing

Basic Self-Employed Filing

$149

One source of freelance income

  • โœ“ T1 personal tax return preparation
  • โœ“ Single T2125 business statement
  • โœ“ Basic expense deduction review
  • โœ“ CRA e-filing and confirmation
  • โœ“ Email support
Get Started
Most Popular

Standard Small Business Filing

$249

Multiple income streams or GST/HST filing

  • โœ“ Complete T1 + T2125 preparation
  • โœ“ Multiple income sources or business activities
  • โœ“ Comprehensive expense optimization
  • โœ“ GST/HST reporting and filing
  • โœ“ Home office and vehicle deductions
  • โœ“ CRA e-filing with confirmation
  • โœ“ Tax planning recommendations
  • โœ“ Priority support
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Comprehensive Freelancer Package

$399

Multi-year or advanced business deductions

  • โœ“ Full T1 + multiple T2125 statements
  • โœ“ Complex multi-stream income reporting
  • โœ“ Advanced expense and capital cost allowance (CCA)
  • โœ“ GST/HST registration and quarterly filings
  • โœ“ Prior-year catch-up filing assistance
  • โœ“ Quarterly tax instalment calculations
  • โœ“ Year-round CRA correspondence support
  • โœ“ Strategic business tax planning
  • โœ“ Dedicated account manager
Get Started

๐Ÿ’ฌ Add-ons: bookkeeping, GST/HST setup, or prior-year filings available.

Frequently Asked Questions

Common questions about self-employment tax filing in Canada

Self-employed, freelancer, or contractor?

Let us prepare your T1 and T2125 accurately, maximize your deductions, and keep you CRA-compliant โ€” stress-free.

TaxGenius

Professional accounting services in Canada and the United States

Services

  • Tax Preparation
  • Financial Planning
  • Business Advisory
  • Bookkeeping

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