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T2125 Expense Tracker

Track expenses the way
CRA expects on T2125.

T2125 is the CRA form every self-employed Canadian files. SnapBooks organizes your records exactly the way T2125 requires - receipt categories, vehicle actual expenses, home office, and HST. $69/yr CAD.

Start free - no credit card

How SnapBooks maps to T2125

Line 8000
Total business income
Track all revenue in the Income section. Invoices paid automatically recorded.
Line 8523
Meals & Entertainment (50%)
Tag receipts as Meals & Entertainment. SnapBooks automatically applies the 50% CRA rule.
Line 8810
Office expenses
Office Supplies, Software & Subscriptions, Printing receipts tracked by category.
Line 9220
Telephone & utilities
Fixed costs like cell phone and internet at your business-use percentage.
Line 9270
Home office expenses
Fixed costs for rent/mortgage at your home office percentage.
Line 9281
Motor vehicle expenses
T2125 actual expense method: business-use % x (insurance + fuel + maintenance + interest + registration). Fuel and maintenance come from tagged receipts automatically.

T2125-ready records at $69/yr

For Canadian sole proprietors, freelancers, and contractors.

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