Resources · Issue No. 1 · Fall 2026

Your business numbers, explained simply

Income tax when you work for yourself, GST and QST, money coming in and going out, profitability, financial statements for the bank: each guide answers a question you're asking, with the current rules and what to do.

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Featured · Getting started

Self-employed in Quebec: what to set up in your first year

Register your business, watch the sales tax threshold, keep your records, set money aside for tax and note your deadlines: your first year as a self-employed person, step by step.

10 min read

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01Working for yourself

Going out on your own?

What to plan for in your first year: income tax, contributions, tax slips from your clients.

  1. Self-employed income tax: how to calculate what you'll owe

    How much should you set aside when no tax is withheld from your income? The step-by-step method for 2026, a fictional example, income under $30,000 and instalment payments.

    9 min read

  2. QPP and QPIP for self-employed people: how much to plan for in 2026

    When you work for yourself, you pay both shares of the QPP plus a QPIP contribution. The 2026 rates, a fictional example, when to pay and how to build it into your budget.

    7 min read

  3. T4A slip for self-employed people: what to do when you get one

    A T4A isn't added to your income: it confirms part of it. How to read the boxes, report the right amount and explain the differences, with a fictional example.

    7 min read

02Invoicing and collecting sales taxes

Do you need to charge GST and QST?

When to register, what to put on your invoices, what to keep.

9 min read

Registering for the GST and QST as a self-employed person: when and how

The $30,000 threshold explained simply, the deadlines for your situation, the Revenu Québec process, then what changes once you're registered: collect, report, keep records.

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8 min read

Self-employed invoices in Quebec: what they must include

Name, date, description, taxes, GST and QST numbers: what your invoice must include depending on its amount, with a fictional example and a checklist.

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03Profitability and cash flow

Is your business making money, and will it have cash next month?

Three simple benchmarks: money coming in and going out, the sales you need to reach, the margins to watch.

  1. Business profitability: the numbers to check every month

    Rising sales don't prove your business is profitable. The four numbers to check every month, explained simply, with a fictional business as an example.

    9 min read

  2. Cash flow: will you have enough money next month?

    Profit and money in the bank don't move at the same pace. Understand your cash flow, its three categories and a simple monthly routine to know whether next month will work out.

    10 min read

  3. Break-even point: how to calculate it step by step, with an example

    How much do you need to sell so you don't lose money, and when will you get there? Calculating your break-even point and break-even date, step by step, with a fictional example.

    10 min read

04Presenting your numbers

Has your bank asked for financial statements?

What you'll receive, what it's for, and what it doesn't replace.

10 min read

Compiled financial statements: what your bank receives, and what it means

Does your bank or your corporate tax return call for financial statements? What you'll receive, what these documents say and don't say, and what you need to provide.

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05Index

Looking for a specific answer?

Every question our guides answer, from A to Z.

  1. C
  2. D
  3. H
  4. I
  5. M
  6. S
  7. W
  8. Y

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