The Wave alternative for Canadian solo businesses.
Wave leads with invoicing and payments. Ledg leads with the ledger, for freelancers and one-person corporations in Canada: GST/HST and PST by province, a T2125 preview or T2 deadlines depending on how you are set up, and a handoff pack for your accountant.
No credit card. Free with no entry limit. Built around Canadian tax rules.
Do the bookkeeping from the AI agent you already use.
On Solo, connect Claude, ChatGPT, or another supported AI agent. Show it a receipt: it saves the receipt and adds its tax breakdown and line items to the bank or statement transaction it belongs to. If that transaction has not arrived yet, the receipt waits and is matched when it does. No entry it writes reaches your statements or tax totals until you confirm it in Ledg. With your approval it can also update your business settings, and each change shows in Activity.
You: “What did I earn and spend this quarter?”
Why Canadian freelancers and one-person corporations move to Ledg
Built for sole proprietors and one-person corporations alike
Pick how your business is set up when you sign up. Sole proprietors get T1 and T2125 deadlines, Owner Draw labels, a calendar fiscal year and a T2125 preview built from confirmed entries. Corporations get T2, T4 and T5 deadlines, the BC Annual Report for BC companies, and a minute book. The same Stage, ledger, receipts and handoff pack sit underneath both.
The ledger is the product, not an attachment to invoicing
Ledg keeps a chart of accounts, statements and a trial balance that balances. It does not send invoices; keep the invoicing tool you like and let the deposits land in Ledg.
GST/HST and PST recorded separately on every entry
Sales tax is kept by province, with GST/HST and PST as separate amounts on each entry. Ledg totals the GST/HST you collected, your input tax credits and the net amount for the period, plus PST, RST or QST by quarter. You enter them in CRA My Business Account or your provincial portal and submit there.
Money in and out of the business, kept off the income statement
Ledg records money you put in as Owner Deposit and money you take out as Owner Withdrawal, and keeps both off the income statement. Your accountant splits those between shareholder loan, dividends and salary at year-end. The Handbook entry on subsection 15(2) is linked from the Owner Deposit category.
A handoff pack your accountant can open.
One download: general ledger, trial balance, GST/PST summary by quarter, and bank reconciliation, with a README that explains the sign conventions. Send it to your accountant, who files in their own software. In Ledg, every built-in category carries its CRA GIFI code, shown beside each entry and available to a connected AI agent.
Work from the AI agent you already use
On Solo, connect Claude or ChatGPT to your books. Ask what you collected in GST last quarter, or what is still waiting in Stage, and hand it a receipt to record. A connected AI agent can draft entries into Stage only. You confirm each one before it reaches a statement or a tax total.
Ledg and Wave, side by side
Ledg's side is what the product does today. Every Wave cell was read on their own pricing page. Checked September 19, 2026. Plans change often, so read their pricing page before you decide.
| Capability | Ledg | Wave |
|---|---|---|
| Free plan | Free with no entry limit or time limit | A free Starter plan at $0. |
| Lowest paid plan, regular monthly price | $4 CAD per business | Pro $25 CAD a month, or $250 CAD a year. |
| Automatic bank feed for Canadian banks | Yes, on Solo, through Plaid | Auto-import of bank transactions is a Pro feature, not on the free Starter plan. |
| GIFI code on every built-in category | Yes, shown on the entry and readable by your connected AI agent | The pricing page does not mention GIFI codes. |
| Invoicing | No | On both plans. |
| Receipts | Stored in your own Google Drive on Free and on Solo. On Solo, a connected AI agent can read one and record the purchase into Stage. | A paid add-on: $8 a month with Pro, $11 a month with Starter. |
| Payroll | No | A separate add-on, from $25 a month. |
Wave and Ledg, answered.
Yes, and they are separate sets of books. Choose Sole proprietor and you get T1 and T2125 deadlines, Owner Draw labels, a calendar fiscal year and a T2125 preview built from your confirmed entries. Choose Corporation and you get T2, T4 and T5 deadlines, the BC Annual Report for BC companies, and a minute book. When you incorporate, you start a new set of books for the corporation and keep the old ones for your T1. Each business has its own plan.
Invoicing, payments and payroll. Ledg does not send invoices, does not take card or bank payments from your customers, and does not run payroll. Wave includes invoicing on both plans and sells payroll as a separate add-on (checked September 19, 2026). Keep the invoicing tool you like and let the deposits land in Ledg, where they are categorized, taxed and confirmed.
You may not need to. Ledg is free with no entry limit, no time limit and no credit card, and that free plan includes GST/HST and PST tracking, the Handbook, the Glossary, receipts in your own Drive, reports and the accountant handoff pack. Solo is $4 CAD a month per business and adds automatic bank sync and the connection to Claude or ChatGPT. On Wave, auto-import of bank transactions is a Pro feature at $25 CAD a month and is not on the free Starter plan (checked September 19, 2026).
Entries only go to Stage. On Solo you can connect Claude or ChatGPT to Ledg. It can read your books, record a purchase from a receipt, and add a receipt's detail to a transaction that is already there. A connected AI agent can draft entries into Stage only. You confirm each one before it reaches a statement or a tax total, and it cannot change an entry after you confirm it. Revoke the connection at any time in Settings. With your approval it can also update your business settings, and each change shows in Activity.
Not today. Tax return submission is not available in Ledg. Ledg builds a T2125 preview and a handoff pack from your ledger; you or your accountant file the T1 with the T2125, or the corporation's T2, in your own software. Filing from Ledg is planned, with your approval before submission. No date or price has been announced.