Essential Tax Tips for Self-Employed Professionals in Canada
If you are self-employed, managing taxes properly is crucial.
Here are some tips from MeLG Tax and Services:
Track Every Expense
Keep records of:
- internet bills
- office rent
- software subscriptions
- travel costs
- marketing expenses
Set Aside Tax Money
A good practice is saving 25–30% of your income for taxes.
Keep Digital Records
Store invoices, receipts, and payment proofs safely.
Claim Business Expenses
Eligible deductions can reduce taxable income significantly.
We help freelancers, consultants, and business owners stay compliant.