@itsdanielleryan: Sole proprietor in Canada will file their taxes using a T2125. This is the statement of business or professional activities & it will enable you the opportunity to report how much money your business made, and how much money your business spent in order to generate that revenue. This will allow the government to be able to calculate how much money you might owe in provincial and federal income tax, as well as CPP. I always recommend you speak to a bookkeeper or an accountant if you are new in business and aren’t quite sure how everything works. let me know what questions you have ✌️ #smallbizcanada #canadiansmallbusiness #smallbusinesscanada #canadataxes #taxtipscanada #canadataxtips

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