Consultants

At Blue Ocean Tax, we specialize in providing accounting, tax, and advisory services for consultants across Canada. Whether you are an IT consultant, management consultant, engineer, marketing professional, or independent contractor, we understand the unique financial and tax challenges consultants face.

Our goal is to help you stay compliant, reduce taxes, and focus on your clients—while we handle the numbers.

We support consultants in a wide range of industries, including:

IT and Software Consultants
Management and Business Consultants
Engineering and Technical Consultants
Marketing, Digital, and Creative Consultants
Independent Contractors and Freelancers
Incorporated Consultants and Sole Proprietors

Our Services for Consultants

Incorporation & Business Setup

Advice on whether to incorporate or operate as a sole proprietor
Federal or provincial incorporation
Business number, GST/HST, and payroll registrations
Structuring your business for tax efficiency from day one

Bookkeeping for Consultants

Recording consulting income and expenses
Bank and credit card reconciliations
Accounts receivable tracking
Clean, organized, and tax-ready books

Tax Planning & Compliance

Corporate tax (T2) and personal tax (T1) preparation
Salary vs. dividend planning for incorporated consultants
Expense optimization and deduction planning
Support for prior-year or late tax filings

GST / HST / QST Compliance

Determining whether you need to register for sales tax
Accurate tracking and filing of GST/HST/QST returns
Guidance on cross-border and out-of-province clients

Payroll & Compensation Support

Payroll setup and processing for consultants paying themselves a salary
CRA payroll remittances and compliance
Year-end T4 and T5 preparation

Notice to Reader / Financial Statements

Preparation of Notice to Reader (Compilation Engagement) financial statements
Annual financials for banks, lenders, or internal use
Seamless coordination with tax filings

Why Consultants Choose Blue Ocean Tax

Deep understanding of consulting income structures
Expertise in incorporated and self-employed consultant taxation
Proactive tax planning—not just year-end filing
Integrated bookkeeping, payroll, and tax services
Clear communication and personalized advice

Focus on Consulting—We’ll Handle the Rest

Whether you’re just starting out or running a well-established consulting practice, Blue Ocean Tax provides reliable, professional support tailored to your business model.

Contact Blue Ocean Tax today for a free consultation and let us help you manage your finances with confidence and clarity.