Loonie Ledger

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Sole-Proprietor Bookkeeping & GST/HST Tracker

Log income and expenses the way the T2125 asks for them, with your province's sales tax built in.

Sole-Proprietor Bookkeeping & GST/HST Tracker: preview of the spreadsheet with example data

Who it's for

Freelancers, contractors, gig workers and side-hustlers who file a T2125 with their personal return.

The problem it solves

Most bookkeeping templates are American. They don't use CRA expense categories, they don't know HST from PST, and they won't tell you when you're getting close to the $30,000 GST/HST registration threshold.

See it in 20 seconds

What's inside

Income logDate, client, amount, GST/HST charged, payment received
Expense logEvery row tagged with the matching T2125 expense line
Province selectorGST, HST, PST and QST rates for all provinces and territories
Small-supplier trackerRunning total of the last four calendar quarters against $30,000
Year-end summaryTotals by T2125 line, ready to copy into your return or hand to an accountant
Home office and vehicleBusiness-use percentage worksheets

Questions

Do I need to be registered for GST/HST to use it?
No. It works for small suppliers who don't charge GST/HST and for registrants who do.
Does it file my taxes?
No. It organizes your records so filing is faster. It isn't tax software or tax advice.