Workshop Resources: Tax Filing for Freelancers

1 

Reporting Your Income

Slide 5 - Personal Income Tax - Due dates and payment dates

​Slide 6 - T2200 - Declaration of Conditions of Employment

​Slide 6 - T777 - Statement of Employment Expenses

Slide 6 - T2125 - Statement of Business or Professional Activities

Slide 9 - QuickBooks Online

Slide 9 - FreshBooks

Slide 9 - Wave Accounting

2

Deducting Your Expenses

Slide 11 - T4002 - Guide to the T2125 Form

Slide 11 - Keeping Records: Imaging Paper Documents

Slide 12 - Income Tax Folio S4-F2-C2, Business Use of Home Expenses

Slide 13 - Calculating Business-Use-of-Home Expenses

Slide 14 - Motor Vehicle Expenses

3

Capital Cost Allowance

Slide 16 - Capital Cost Allowance

Slide 17 - Current or Capital Expenses

Slide 18 - Classes of Depreciable Property

4

Tax Credits & Deductions to Claim

Slide 19 - Canada Workers Benefit

​Slide 20 - Canada Training Credit

Slide 21 - Eligible Medical Expenses

Slide 22 - Child Care Expenses

Slide 23 - Moving Expenses

Slide 24 - Charitable Donation Tax Credit

Slide 25 - Student Loan Interest Tax Credit

Slide 26 - Ontario Energy and Property Tax Credit

5

HST Considerations

Slide 27 - When to Register for and Start Charging GST/HST

Slide 27 - Business Registration Online

Slide 28 - GST/HST Return - When to File

Slide 29 - Input Tax Credits

6

Filing Your Return

Slide 31 - Wealthsimple Tax

Slide 31 - H&R Block Online Self Employed

Slide 31 - TurboTax Online Self-Employed

Slide 33 - Contributions to the Canada Pension Plan

Slide 33 - Form TD1

Slide 34 - How Long to Keep Your Records

Slide 35 - Income Tax Review

Slide 35 - What You Should Know About Audits

Slide 36 - Objections, Appeals, Disputes, and Relief Measures

Slide 36 - Taxpayer Relief Provisions