Canadian Self-Employed & Freelancer Tax Calculator

This calculator provides a basic estimate of income tax obligations for self-employed individuals and freelancers in Canada. It includes federal and provincial income tax, and CPP contributions.

Note: This is for estimation purposes only and does not constitute professional tax advice.

Calculator Tax Brackets Deductible Expenses Tax Deadlines

Important Tax Deadlines for Self-Employed

Deadline Type Date Notes
Payment deadline for taxes owing April 30, 2025 All self-employed individuals must pay any taxes owing by this date to avoid interest charges
Filing deadline for tax return June 15, 2025 Self-employed individuals and their spouses have until this date to file their returns
Quarterly installment payments March 15, June 15, September 15, December 15 If you owe more than $3,000 in tax in either the current year or either of the two preceding years

GST/HST Registration

You must register for GST/HST if your total taxable revenues exceed $30,000 in any single calendar quarter or over four consecutive calendar quarters.

Record Keeping

Keep all business records and supporting documents for at least 6 years from the end of the tax year they relate to. This includes invoices, receipts, and bank statements.

Tips to avoid tax penalties:

  • File your tax return on time (by June 15 for self-employed)
  • Pay any tax owing by April 30 to avoid interest charges
  • Make quarterly tax installments if required
  • Keep accurate and complete records of all business income and expenses
  • Consider hiring a professional accountant for complex tax situations

Based on estimated 2024 tax rates. For informational purposes only.