
New to Canada and Self-Employed? Your First Tax Return, Explained
A first-timer's guide to filing self-employed taxes as a newcomer to Canada: the T2125, GST/HST, your SIN, CPP, what to set aside, and the deadlines that matter.
AdSense, Twitch subs, Patreon, brand deals, merch. Track income from every platform, deduct your gear and home studio, and keep your T2125 ready, so a great year doesn't become a tax-season nightmare.
The money comes from everywhere, AdSense, subs, sponsorships, affiliate links, and none of it has tax taken off. Gear receipts pile up, platforms pay in USD, and by April you're stitching together a year you can barely remember. Accountly keeps the money side organized while you make.
Pull AdSense, Twitch, Patreon, sponsorships, affiliate payouts, and merch sales into a single view. Accountly totals your income across platforms so you always know what you've earned and what you'll owe.
That new camera, the lights, the editing rig. Photograph the receipt and Accountly helps you separate gear you write off now from bigger purchases that depreciate over time, so it's easier to claim the right amount.
Your T2125 totals update every time income lands or you log an expense. When tax season hits, the numbers are done, backed by receipts and organized by CRA category. File yourself or hand it to your accountant.
Built into Accountly's categories from day one.
Your recording setup is a business asset. Bigger purchases depreciate over time; smaller ones are deducted right away.
Premiere, DaVinci, CapCut Pro, your editing rig. The tools you use to make content are deductible.
A dedicated recording or streaming room earns you a percentage of rent, utilities, and internet.
Critical for streamers and uploaders. Claim the business-use portion of your connection.
Epidemic Sound, stock footage, SFX libraries, and asset packs you license for your content.
Pay an editor or thumbnail designer? Those are deductible subcontractor costs with a proper invoice.
Flights, hotels, and mileage for collabs, conventions, and on-location shoots.
Set pieces, backdrops, and the cost of merch you produce and sell.
Accounting, contract review, and the software that keeps your business side organized.
Written for Canadians making money online.

A first-timer's guide to filing self-employed taxes as a newcomer to Canada: the T2125, GST/HST, your SIN, CPP, what to set aside, and the deadlines that matter.

FreshBooks is invoicing-first and priced for agencies. If you're a self-employed Canadian who needs a T2125 and GST/HST tracking, here's a leaner, cheaper fit.

Wave is free, but it's general small-business accounting that stops short of the T2125. Here's a Canada-first alternative built for sole proprietors at tax time.

How self-employed consultants in Canada file the T2125: professional vs. business income, home office, the GST/HST $30K trap, and when to incorporate.
Yes. Ad revenue, subscriptions, tips, sponsorships, and affiliate income are all self-employment income reported on a T2125. The platforms report to tax authorities, so unreported income is a real risk.
Track AdSense, Twitch, Patreon, brand deals, affiliate payouts, and merch in one place. Accountly totals it across platforms so your T2125 income figure is always current.
US viewers generate US-sourced income. Submitting your tax info in AdSense to claim the Canada–US treaty rate reduces or eliminates it, and tax still withheld can often be claimed as a foreign tax credit. Our content creator tax guide covers the details.
Once your revenue crosses $30,000 over four consecutive quarters. Income from non-resident platforms is often zero-rated but still counts toward that threshold. Accountly tracks your revenue so you know when you cross it.
Yes. Product received in exchange for promotion is generally taxable at its fair market value. Log it as income so it is captured at tax time.
Yes. Invite your accountant for direct read or edit access to your income, expenses, and T2125 totals, no exports or email attachments.
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