Canada Self-Employed Tax — Frequently Asked Questions
Find answers to the most common questions about self-employed tax in Canada. From allowable expenses to filing deadlines, we cover the essentials every freelancer and sole trader needs to know.
What's the difference between the plans?
Free gives you 5 pages with a single AI engine — great for trying it out. Pro is a monthly subscription with 50 pages/month, dual AI cross-verification, unlimited sessions, set-aside calculator, instalment estimates, full export options including CSV for Wave, QuickBooks and Xero, an AI Tax Assistan
How does the Free plan work?
Sign up and get 5 pages to process, completely free with no credit card required. It's a great way to see how the tool works before committing.
How are pages counted?
Each page of a PDF bank statement counts as one page. A 12-page bank statement uses 12 pages from your allowance. Unused Pro pages don't roll over to the next month.
What is the Set-Aside calculator?
After calculating your tax, the Set-Aside feature tells you exactly how much to save each month so you're ready for your CRA tax bill and CPP contributions.
What are tax instalments in Canada?
If your net tax owing exceeds C$3,000 (C$1,800 in Quebec), the CRA may require you to pay tax in quarterly instalments throughout the year rather than in a lump sum. Our tool estimates your instalment amounts so you can plan ahead.
Can I use this to file my tax return?
AnyDayAnyTax is a tax calculator and preparation tool, not a filing tool. You can use it to understand your tax position, prepare your T2125 figures, and then file your T1 Return through CRA My Account or your accountant.
Is my financial data secure?
Absolutely. We use a privacy-first approach: your bank statement data is processed and returned immediately, with no server-side storage by default. All data stays in your browser and is cleared when you close the tab. If you choose to save a session, it is stored securely in our encrypted database
What tax year does the calculator support?
We support the 2024 and 2025 Canadian tax years (calendar year: January 1 to December 31) with accurate federal Income Tax rates, Basic Personal Amount, and CPP self-employed contribution calculations.
Do I need accounting software to use AnyDayAnyTax?
No. AnyDayAnyTax is a standalone tool. You can export your transactions in CSV format compatible with Wave, QuickBooks, and Xero if you want to import them elsewhere.