Self Employed Tracker

Business Hub Corporation Self-Employed

Year

Add year

Blank template Download 2026

Import self-employed spreadsheet

Workbook (.xlsx)

Mode

Revenue (incl. GST)

$0.00

2026

Business Expenses

$0.00

2026

Net Business Income

$0.00

income − expenses

Business Profile

Your sole proprietor or business details for records.

Company Name

Address

City

Province

Postal Code

Phone

GST Number

Income

Total income for the year (include GST/HST).

Amount (include GST/HST)

Expenses for the Year 2026

Amounts include GST/HST. Enter your business expenses by category.

Category	Amount (include GST/HST)
Advertising
Meals and entertainment
Bad debts
Insurance
Interest and bank charges
Business taxes, licences and members
Office expenses
Office stationary and supplies
Professional fees
Management and admin fee
Office rental
Repair and maintenance (general)
Salaries (incl emp contr)
Travel Expenses
Telephone (separate line)
Supplies
Uniforms
Total	$0.00

Home Office for the year 2026

Enter the area used for business and total home area, then your home office expenses.

Area of home use for business (sq ft)

Total area of home (sq ft)

Business use %: 0%

Expenses for the Year 2026

Category	Amount (include GST/HST)
Heat
Electricity
Other utilities
Home insurance
Home repair and maintenance
Mortgage interest
Property taxes
Rent
Internet
Telephone (personal line)
Total	$0.00

Capital Assets — CCA Schedule (T2125 Part 8) 2026

Track depreciable assets by CCA class. CCA is claimed on the Undepreciated Capital Cost (UCC). Half-year rule applies to new acquisitions. Class 10.1 passenger vehicles are capped at $37,000. CCA is deducted after net business income — it cannot create a loss.

CCA Schedule Summary

Class	Asset Name	Cost Added	Opening UCC	Rate	CCA Allowed	Closing UCC
No capital assets added yet.
Total		$0.00			$0.00

Add / Edit Assets

Asset Name	CCA Class	Cost ($)	Opening UCC (prior yr)

Key CCA rules: Class 8 (furniture, machinery) = 20% · Class 10 (general vehicles) = 30% · Class 10.1 (passenger cars > $37,000) = 30%, max cost capped · Class 50 (computers) = 55% · Class 12 (small tools <$500, software) = 100% · Half-year rule: in the year of acquisition, you can only claim half the normal CCA. CCA is optional — you can claim less than the maximum.

CPP & Personal Tax Estimate 2026

Estimates only — not tax advice. Based on net business income after deductible expenses and CCA. Federal: 2026 brackets. Provincial: approximate marginal rates. CPP: 2026 parameters. Confirm province matches your profile.

Province for estimate:

Update province in Profile to make this permanent.

Income & Deductions

Gross revenue	$0.00
General business expenses	($0.00)
Home office (allocated)	($0.00)
CCA deduction	($0.00)
Net business income (line 13500)	$0.00
CPP employer deduction (line 22200)	($0.00)
Net income for tax (approx.)	$0.00

CPP Contributions (self-employed)

Pensionable earnings	$0.00
CPP1 (both halves @ 11%)	$0.00
CPP2 enhancement	$0.00
Total CPP owing	$0.00
Deductible (employer half, line 22200)	($0.00)
Non-deductible (employee half)	$0.00

Tax Estimate — Ontario

Federal income tax	$0.00
Provincial income tax (ON)	$0.00
Total income tax (est.)	$0.00
+ CPP (employee half)	$0.00
Total owing (tax + CPP)	$0.00

Quarterly Instalment Schedule

CRA requires quarterly instalments if you owe >$3,000 (>$1,800 in QC). Deadlines: Mar 15, Jun 15, Sep 15, Dec 15.

March 15, 2026	$0.00
June 15, 2026	$0.00
September 15, 2026	$0.00
December 15, 2026	$0.00
Total	$0.00

Set aside ~0% of revenue for taxes & CPP.

Key self-employed tax facts (Canada 2026):
• You pay both halves of CPP (~11.9% up to $$73,200.00 YMPE) — the employer half is deductible.
• Business losses offset all other personal income (employment, investment, rental) — unlike a corporation.
• No Lifetime Capital Gains Exemption on sale of business assets — only available on qualifying corporate shares.
• GST/HST registration is required once gross revenue exceeds $30,000 in a calendar year (or a single quarter).
• Filing deadline: June 15 — but any balance owed is still due April 30 to avoid interest.

Personal account context: Capital gains from a personal non-registered account flow to your T1 (Schedule 3), taxed at your personal marginal rate with 50% inclusion. This is separate from your T2125 business income. RRSP/TFSA accounts have no capital gains tax — track them here for records only.

Upload statement

Broker Activity CSV

Source: — · — · 0 rows

Period & tax scenario

Period start

Period end

USD→CAD FX

Scenario

CG inclusion %

Tax rate %

Gross investment income

$0.00

CG $0.00 · Div/Int $0.00

Taxable income (est.)

$0.00

50.0% inclusion

Estimated tax

$0.00

Canadian non-registered (individual) · 40.0%

Net after tax

$0.00

Realized Gains & Losses — click any row to see buy lots ▾

Date	Symbol	Qty	Proceeds CAD	ACB CAD	Gain/(Loss)	CCY
No sells in this period. Upload a broker Activity CSV.

T2125 Summary — Net Business Income 2026

Approximate T2125 / T1 lines. Revenue minus deductible expenses and CCA. CPP and tax estimates for ON. Verify with your accountant before filing.

T2125 Line / Description	Amount
Part 1 — Business income
Gross revenue (line 8000)	$0.00
Part 2 — Business expenses
General business expenses total	($0.00)
Home office — allocated (100.0% of $0.00)	($0.00)
Net income before CCA	$0.00
Part 8 — CCA deduction
Total CCA claimed	($0.00)
Net business income (T1 line 13500)	$0.00
CPP employer deduction (T1 line 22200)	($0.00)
Net income for tax	$0.00

Tax & CPP Summary	Amount
Federal income tax (est.)	$0.00
Provincial income tax — ON (est.)	$0.00
CPP total	$0.00
Total owing (tax + CPP)	$0.00
Quarterly instalment (Mar/Jun/Sep/Dec 15)	$0.00
Set aside % of revenue	0%

Filing reminders:
• T2125 due with T1 — June 15 (balance owed by April 30)
• GST/HST return — quarterly or annual depending on revenue
• Keep receipts for all expenses; CRA can audit 3–6 years back
• CCA is optional — you can claim < maximum to optimize taxes

Self Employed Tracker

FamilyFunds Access