Bookkeeping for Canadian freelancers, with a T2125 preview built in.

Not in most cases. If you operate under your own legal name in Canada, you're a sole proprietor by default and can start invoicing today. You only need to register a business name with your province if you want to operate under a different name (e.g., "Jane Smith Photography" instead of "Jane Smith"). GST/HST registration is mandatory once your trailing four quarters of taxable revenue cross $30K.

The day after your trailing four-quarter taxable revenue crosses $30,000. The CRA calls this the small-supplier threshold. Until then it's optional. Ledg tracks the threshold for you and surfaces a banner the quarter you're projected to cross. Once registered, your supply rate depends on your customer's province (federal 5% in AB / BC / SK / MB / QC / NWT / NU / YT, HST 13-15% in ON / NB / NS / NL / PEI).

When a Stripe deposit lands in your bank, the gross sale and the fee come as one number minus the cut. On Solo, Ledg AI splits the deposit automatically: gross to revenue, fee to bank-fees-and-interest, both with the right GST/HST treatment (Stripe fees include GST that you can claim as ITC if you're registered). On Free, you split manually with the inline category dropdown, takes a few seconds per deposit.

Yes if you meet one of the CRA tests: the home office is your principal place of business OR you use it exclusively to earn business income and meet clients there regularly. Ledg supports both methods: simplified flat-rate ($2/day for the first 200 days starting in 2024) or detailed (rent, utilities, insurance, property tax, mortgage interest, repairs, other) with business-use floor area ratio. The no-loss rule caps your deduction at net income before home office, with the excess carried forward.

Track total km and business km. Ledg builds T2125 Chart A (CCA on the vehicle), Chart B (interest, capped at $350/mo for 2026), and Chart C (lease, capped at $1,100/mo for 2026), then prorates by business-use percentage. Class 10 / 10.1 / 54 / 55 picker handles ICE vs EV vs over-the-cap-cost.

No. Ledg builds a T2125 preview and a handoff pack from your ledger, but you don't file from Ledg. Your accountant files your T1 (which T2125 attaches to) through their professional EFILE software, or you file it yourself through TurboTax / WealthSimple Tax / SimpleTax. Ledg is the books-and-handoff layer, not a NETFILE app.

Common case. Your T4 income from your day job goes on T1 line 10100; your freelance net income (calculated on T2125) goes on T1 line 13500. Ledg tracks only your freelance side; your day job's T4 stays with your employer's payroll provider. At year-end you (or your accountant) pull the T2125 preview from Ledg, the T4 from your CRA My Account, and combine them on T1.

Wave is free unlimited and built primarily as an invoicing tool with bookkeeping bolted on. Ledg is bookkeeping-first, with a free tier (100 entries) and a paid tier ($9/mo unlimited) plus the things Wave doesn't have: T2125 preview, vehicle Charts A / B / C, home office detailed + simplified, MCP for AI clients, and receipts in your own Drive. Wave is fine if you only invoice; Ledg is the fit if you want to actually prepare for T2125 + T1.