Incorporated contractors and consultants
Accounting for incorporated contractors and consultants.
For IT contractors, construction trades and freelance consultants in BC: the right salary-versus-dividend mix, expenses you can defend, GST handled, and an accountant who answers when you have a question mid-contract.
Sound familiar?
The questions contractors keep asking.
If you are nodding at a few of these, let's talk.
- Should you pay yourself salary, dividends, or a mix, and how much should you leave in the corp?
- You are not confident which expenses are actually deductible, and which will get questioned
- You registered for GST but you are hazy on filing frequency and input tax credits
- Your income swings contract to contract and you have no plan for instalments
- You incorporated on someone's advice and nobody has confirmed it is still the right call
- Money is sitting in the corporation and you do not know the smartest way to get it out
- You want bookkeeping that does not eat your weekends between gigs
How we help
Built for one-person and small corporations.
The decisions that matter most when you bill through a corporation.
MIX
Salary versus dividend strategy
We model the right remuneration mix for your income level, balancing RRSP room, CPP, and how much to retain in the corporation for tax deferral.
EXP
Expense tracking and deductibility
A clean, defensible approach to home-office, vehicle, equipment and subcontractor costs, so you claim what you are entitled to without inviting trouble.
GST
GST registration and filing
Correct filing frequency, input tax credits captured, and returns filed on time so GST never becomes a surprise bill.
TAX
Corporate and personal tax
Your T2 and personal T1 planned together, with instalments mapped to your irregular cash flow.
INC
Incorporation sanity-check
An honest read on whether incorporating is still working for you given your contracts, income and goals.
BK
Low-touch bookkeeping
QuickBooks Online or Xero set up so day-to-day tracking takes minutes, not your Sunday.
Worth knowing
If you bill one client like an employee, we will flag it early.
CRA's personal services business rules can apply when an incorporated contractor effectively works as an employee of a single client, and the tax consequences are significant: the small business deduction is denied and most ordinary business expense deductions are unavailable.
We assess your situation honestly up front, explain the risk in plain terms, and help you structure and document your work appropriately. This is general information, not advice on your specific facts.
Next step
Book a call.
Fifteen or twenty minutes, no charge. You describe the situation, David tells you whether he can help and what it would cost.
(778) 980-7276
info@dsjmaccounting.com