See the real profit on this month's work, not just the top line.
For sole proprietors and small firms where 'busy' doesn't always mean 'making money'. Tracks income, expenses and estimated tax for the 2025/26 tax year, all on your device.
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Income
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Expenses
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Tax Year Summary - 2025/26
Total income YTD$0.00
Total expenses YTD$0.00
Net profit YTD$0.00
Estimated federal tax$0.00
Estimated provincial tax$0.00
Estimated CPP/QPP$0.00
Estimated tax bill remaining$0.00
Set aside roughly per month$0.00
What to do next
What the law actually says
- •Sole proprietors and partners are taxed on their net business profit at graduated federal and provincial rates under the Income Tax Act. If your net tax owing tops $3,000 ($1,800 in Quebec) two years running, the CRA expects quarterly instalments, and once your revenue passes $30,000 in four consecutive quarters you must register for and charge GST/HST.