27
May
If you’re self-employed in Ontario, don’t let the warmer weather and May long weekend distract you. Your tax filing deadline is just around the corner. While most Canadians must file their taxes by April 30, self-employed individuals (and their spouses or common-law partners) have until June 15 to submit their return. But there’s a catch. Any taxes owing were still due by April 30.
Confused? You’re not alone. That’s exactly why working with a local tax professional can make all the difference.
The Two-Part Deadline
For the self-employed, Canada’s tax system includes a unique split:
- Filing Deadline: June 15
- Payment Deadline: April 30
That means if you owe taxes and wait until mid-June to file, you may already be accumulating daily interest. The sooner you file, the better.
Common Self-Employment Deductions
Self-employed individuals are entitled to a wide range of deductions that can reduce your taxable income. Some of the most common include:
- Home office expenses such as a portion of rent, mortgage interest, utilities, and internet
- Vehicle expenses related to business use
- Supplies, tools, or equipment needed for your trade or service
- Business-related phone and internet usage
- Professional development and memberships
- Accounting or legal fees
Maximizing these deductions properly can make a big difference in what you owe or what you get back.
Why Local Help Matters
At Keenans Accounting Service, we understand the unique challenges of running your own business here in Central Ontario. Whether you’re a tradesperson, freelancer, contractor, or small business owner, we take the time to understand your income sources and help you claim every deduction you’re entitled to. You won’t find that kind of support with off-the-shelf tax software.
We also help clients avoid surprises, such as unexpected Canada Pension Plan contributions, GST/HST obligations, or quarterly instalment requirements. If you’re feeling overwhelmed or behind, you’re not alone. It’s not too late to get back on track.
Now’s the Time to Act
With the June 15 deadline fast approaching, now is the time to get organized and make sure you’re not leaving money on the table or facing unnecessary interest charges.
Need help filing your self-employed taxes correctly and confidently?
Contact Keenans Accounting Service today. We proudly support Central Ontario’s hardworking entrepreneurs with knowledgeable advice and local, personalized service.
📞 Call us at (705) 526-7628
📧 Email info@keenansaccounting.ca
Let’s get your taxes filed on time, stress-free, and with every eligible deduction working in your favour.