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Self Employment

Use the links on the right to explore this section for more information.

Frequently Asked Questions

Am I required to file an Annual Return?

Yes, self-employed persons are required to file an annual Personal Income Tax Return.

How do I calculate my quarterly prepayments?

Quarterly prepayments are based on the prior year return tax payable and is calculated at 25% for e.g. if the tax payable for 2022 was $1000.00, then you are required to make 3 installments of $250.00 in June, September and December.

How do I file my Annual Return?

Taxpayers must log into their TAMIS account to file their Personal Income Tax return. Once logged into TAMIS, select Returns>Add Return>Select Tax Type (Personal Income Tax)> Select Tax Year (2022) and follow the prompts.

How do I make my quarterly prepayments?

Prepayments can be made at any or our BRA locations, they can also be paid via TAMIS, EZPAY+.

What are my Self-Employed Tax Obligations?

As a self-employed individual, you are required to file an annual Personal Income Tax return and make estimated tax prepayments quarterly.

What is an Information Return?

Information returns capture critical information as it relates to taxpayers that can be used to help inform economic and social policy.

Who is Self-Employed?

You are self-employed if any of the following apply to you:

  • You carry on a trade or business as a sole trader or an independent contractor.
  • You are a member of a partnership that carries on a trade or business.
  • You are otherwise in business for yourself (including a part-time business)