Figuring out what you owe the CRA as a Canadian sole proprietor is easy when you use your Profit & Loss (P&L) report. Simply run a P&L report dated for today, find your total net profit at the bottom, and plug that number into the calculator.

It will instantly show you exactly how much to set aside for your 2026 Income Tax, CPP, and EI. Perfect for month-end, year-end, or checking your tax savings goals as of today.

📌 PRO-TIP: Bookmark this page and know what you owe at the end of every month.

Canadian Self-Employed Tax Calculator

Monthly Bookkeeping
Flat Rate Starting at $199/month

Every plan includes monthly reconciliation, transaction matching, and a simple profit and loss report.

⚠️ Please Note: Hodgins Bookkeeping focuses exclusively on core flat-rate monthly bookkeeping and financial recording. We do not offer year-end personal/corporate tax filing or formal CPA advisory services.