Self-Employed Workers in Sherbrooke — Taxes, GST/QST and Bookkeeping
Are you working for yourself? AM Comptable CPA prepares your tax returns, helps you keep track of your income and expenses, and supports you with your obligations to the CRA and Revenu Québec, from your first year in business to the question of incorporating.
Free first consultation · In person in Sherbrooke or remotely via Teams
What our service includes
Business income and expenses
We report your business or professional income and the expenses incurred to earn it on your federal and Québec returns.
Home office and vehicle
We calculate the business portion of your home and vehicle expenses when the conditions are met.
Instalments
We determine whether you must pay tax instalments to the CRA and Revenu Québec, and calculate the amounts to pay.
GST/QST
We check whether you must register for GST and QST, handle the registration and file your returns. GST/QST →
Bookkeeping
We keep your books monthly or quarterly, or catch up on late books, so your returns are based on reliable figures. Bookkeeping →
Registration and incorporation
We help you register your sole proprietorship with the Registraire des entreprises when required, then assess whether incorporating becomes worthwhile. Incorporation →
Who is it for?
- Self-employed consultants, freelancers and professionals
- Self-employed construction and trade workers
- People starting a sole proprietorship
- Employees who also earn business income
- Self-employed workers wondering whether to incorporate
How it works
1
Book an appointment
A free first conversation to understand your business, your income and your obligations.
2
Send us your documents
Bring your documents to our office or send them by email. With your authorization, we can also view certain information in the Revenu Québec and CRA online services.
3
Preparation and review
We prepare your documents, then review the amounts before presenting them to you.
4
Finalization
We explain the results, and nothing is filed without your authorization.
Why choose AM Comptable CPA?
- A firm of Chartered Professional Accountants (CPA) located at 819 King Street West, Sherbrooke
- Taxes, GST/QST and bookkeeping in one place
- Clear explanations of what you must pay and when
- Services in English and French, in person or via Teams
Frequently asked questions
What is the deadline to file my return?
If you or your spouse carry on a business, you have until June 15 to file your return. However, any balance owing must be paid by April 30, otherwise interest applies.
Which expenses can I deduct?
You can generally deduct reasonable expenses incurred to earn your business income, such as supplies, equipment, telecommunications, advertising and professional fees. The personal portion of an expense is not deductible, and you must keep your supporting documents.
Can I deduct my home office?
Yes, if the space is your principal place of business, or if it is used only for your business and for meeting clients on a regular and continuous basis. This deduction cannot create or increase a business loss; the excess can be carried forward to future years.
Do I need to pay tax instalments?
In Québec, you must pay instalments if your tax owing exceeds $1,800 for the current year and for one of the two previous years. This rule applies separately to federal tax and to Québec tax. Instalments are generally due on March 15, June 15, September 15 and December 15.
How do QPP and QPIP contributions work?
As a self-employed worker, you pay both the employee and employer shares of Québec Pension Plan (QPP) contributions, calculated on your net self-employment income. You also pay the Québec Parental Insurance Plan (QPIP) premium at the self-employed rate. These amounts are calculated on your Québec income tax return.
Do I need to register for GST and QST?
It depends on your income and activities. We check with you whether registration is mandatory or advantageous in your situation, and we can register you. Learn more about our GST/QST services.
Do I need to register my business?
If you operate your business under a name that does not include your first and last name, you must register it with the Registraire des entreprises within 60 days of starting your activities. You then receive a Québec enterprise number (NEQ).
When should I incorporate?
It depends on your income, your personal needs and your plans. Read our guide Incorporation: when does it make sense?, then let’s discuss your situation.
See also: All our tax services · Personal tax · Québec tax deadline calendar
Working for yourself?
AM Comptable CPA can prepare your returns, instalments and GST/QST returns, and keep your books.
Phone: 819-580-7974 · Email: info@amcomptable.ca