Canada Self-Employment Tax Guide 2024 & 2025

Everything you need to know about tax as a self-employed individual in Canada. This comprehensive guide covers CRA (Canada Revenue Agency) requirements, income tax rates, CPP (Self-Employed), allowable expenses, key deadlines, and financial planning advice for the 2024 & 2025 tax year.

What This Guide Covers

  • Tax rates and bands — current 2024 & 2025 income tax rates and thresholds
  • CPP (Self-Employed) — how much you owe and how it is calculated
  • Allowable expenses — what you can and cannot claim as a business expense
  • Key deadlines — registration, filing, and payment dates
  • Record keeping — what records CRA (Canada Revenue Agency) requires you to keep
  • Financial planning — how much to set aside each month for your tax bill

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