Bookkeeping for Canadian sole proprietors

As a sole proprietor you report business income and expenses on Form T2125 with your personal return. HelloBooks keeps a double-entry ledger, so your P&L shows income and expenses by account for the year, ready to hand to your accountant or copy across. HelloBooks does not file your personal return.

• Unlimited invoices, bills and quotes
• Expenses recorded as bills, or from uploaded bank statements
• P&L, balance sheet and cash flow reports
• 2 users, so your accountant can review the books

Once you are registered, add your GST/HST number and HelloBooks applies GST, HST, or GST plus the provincial tax to each line based on where the sale is made. The tax you pay on business purchases is recorded as input tax credits.

HelloBooks prepares your GST/HST return figures from posted invoices and bills; you file them with the CRA. This page is general information, not tax advice.

The Free Plan is C$0 with no credit card and no expiry. Your ledger never locks.

Bank connections: Canada is a Plaid-supported market with connections rolling out by region, and Free includes 1 live bank feed where your bank is supported. Statement upload (PDF/CSV) with AI parsing works today everywhere.

Free AI credits are included to get started. When they run out, upgrade to get more AI credits (paid plans can also top up with a credit pack), and the books keep working either way.

Pro is C$22.99/month or C$229/year and Business is C$91.99/month. All prices in Canadian dollars (CAD).

• Unlimited invoices, bills and quotes, GST/HST-ready
• Unlimited email payment reminders
• 2 users, so your accountant can work in the books with you
• AP/AR aging, P&L, balance sheet and cash flow reports
• The iOS and Android mobile app
• Free invoices carry a small "Powered by HelloBooks" badge; Pro removes it