Self-Employed taxes
Guidance with self-employment taxes
Self-Employed
Personal and business income & expenses
Accurately report self-employment income and expenses
Import slips directly from the CRA
Covers employment, unemployment, and pension income
Handles RRSP contributions
Claim dependent and student credits
Assist & Review Self-Employed
Personal and business income & expenses, with help from a real tax expert
Accurately report self-employment income and expenses
Searches for industry-specific deductions
Covers ride-sharing, online sales, consulting, real estate, and more
Handles foreign income
Full Service Self-Employed
Tax experts do your self-employed taxes for you
Everything covered in Full Service Premier, plus:
Experts have experience with taxes for your specific industry
Hidden deductions found so you can reduce your taxes owed
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Top features and benefits
Import slips directly from the CRA with Auto-fill my return
Import slips directly from the CRA with Auto-fill my return
Covers employment, unemployment, and pension income
Covers employment, unemployment, and pension income
Shows you how different RRSP contributions impact your tax outcome
Shows you how different RRSP contributions impact your tax outcome
Claim tuition, scholarships, grants, and other student credits
Claim tuition, scholarships, grants, and other student credits
Searches 400+ deductions and credits for you
Searches 400+ deductions and credits for you
Get on-demand customer care via phone and one-way video
Get on-demand customer care via phone and one-way video
Claim stocks, rental income, capital gains, and other investments
Claim stocks, rental income, capital gains, and other investments
Claim industry-specific deductions and self-employment expenses
Claim industry-specific deductions and self-employment expenses
Taxes are guaranteed done right
Taxes are guaranteed done right
Get live tax advice from a tax expert and a review before you file
Experts average 10+ years of experience
Transparent upfront price per return
Transparent upfront price per return
Full expert walkthrough before filing
Other features
Online community forum
Online community forum
Automatic tax calculations
Automatic tax calculations
Import TurboTax info from last year
Import TurboTax info from last year
Allows you to ReFILE a return to the CRA if you need to make adjustments
Allows you to ReFILE a return to the CRA if you need to make adjustments
Store your tax return online
Store your tax return online
Encrypts your data
Encrypts your data
Identifies tax-saving opportunities
Identifies tax-saving opportunities
Optimizes returns for the best result
Optimizes returns for the best result
Handles foreign income
Handles foreign income
Handles non-resident returns
Experts have investment tax expertise
Experts have rental property tax expertise
Questions and answers
Yes. You can use TurboTax Online on any PC or Mac with a current web browser. You can also use the TurboTax mobile app for iOS and Android devices to do your taxes on your smartphone or tablet.
No, TurboTax Self-Employed is only for filing tax returns with self-employment income. If your business is incorporated, you need to prepare a personal return (T1) for yourself as well as a separate corporate return (T2) for your business. We recommend TurboTax Business Incorporated for your corporate return, and a TurboTax Online solution for your personal return.
Absolutely. TurboTax Self-Employed is the right choice for those who need to file employment income and self-employment income.
Yes. TurboTax Self-Employed asks you straightforward questions to help you uncover deductions specific to your industry or business.
GST/HST activities are reported on a GST/HST return. Some information from your GST/HST return is used on your tax return so it’s a good idea to complete the GST/HST return first. For step-by-step guidance on GST/HST returns, visit the CRA’s website. Also, if you choose to get your taxes done by a tax expert (through TurboTax Live Full Service Self-Employed), they’ll do your GST/HST return for free!
TurboTax Self-Employed calculates your Canada Pension Plan (CPP) contributions that are due based on the net income from your self-employment. In many cases, the CRA requires instalments based on your tax owing in a three year period. But, for newly self-employed individuals, instalments aren’t necessary. Consider opening a separate bank account to set money aside for tax time.
It depends on your situation, but a good benchmark is to set aside 25% of your business’s income for your self-employment taxes.
Everything from office supplies to vehicle costs can be written off, providing the expense is related to your business, you have the supporting documentation and the expense is reasonable. View CRA’s full list here.
Side gigs, freelance work, and contract payments are all forms of income that need to be reported on your tax return. If you’re carrying on some form of business activity, report it—even if you’re not profitable yet.
Whether you need a little help along the way, or even want an expert to prepare and file your return for you from start to finish, TurboTax has you covered.
With TurboTax Live Full Service Self-Employed, a TurboTax expert who knows everything about filing a self-employed income tax return accurately will do your taxes for you. Plus, if you are registered for GST/HST, we’ll handle that return for you as well at no extra cost.
With TurboTax Live Assist & Review, a TurboTax expert will be on hand to answer questions as you complete your taxes. Plus, your expert will do a final line-by-line review before you file your return.
TurboTax supports all provinces (and territories!). All editions of TurboTax include all the forms and schedules you need to complete and file your federal and provincial returns via NETFILE and NetFile Québec.
Yes! Check out our Self-employed Expenses Calculator to estimate the impact your business expenses could have on your tax return.