Champion Tax Solutions

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Champion Tax Solutions

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Here is What a Self Employed Tax Return Looks Like

You can operate a business without having to become a limited corporation.
In this case, CRA considers you to be a proprietor of your own business and requires you to declare your business income on your personal income tax return as a self employed person.
A self-employed personal tax return includes both your personal income and your business income on the same tax return.
This type of return combines your business income and expenses with your personal income to determine if there are any taxes owed or any refund due.

Who This Service Is For

Tradespeople, contractors, small businesses and self employed professionals.
If you’re running a business or subcontracting a space and/or position within another business, this service is for you.

What We Provide

Business income and expense optimization GST returns and instalment planning.
Personal income tax return and business form preparation CRA correspondence and year round advisory support

What Documents You Need

Business income summary and invoices, Expense records and receipts, Vehicle expense logs (if applicable), Home office expense details, GST returns (if registered), Prior-year tax return, and CRA instalment information (if applicable)

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