If you earn commission-based income, your tax situation is different from that of a standard salaried employee. Whether you receive a T4A slip (self-employed commissions) or a T4 slip (employee commissions), understanding eligible tax deductions, GST/HST obligations, and allowable write-offs is crucial to reducing your taxable income and maximizing your refund.
At Westview Accounting & Tax Services Inc., we provide specialized tax services for commission-based workers in North Vancouver, BC. We ensure that your T4A or T4 commission income is accurately reported, all eligible expenses are claimed, and your tax return is optimized for maximum savings.
✔ Sales Professionals (Real Estate Agents, Car Salespeople, Insurance Brokers, etc.) – Individuals earning commission income from product sales, service fees, or brokerage commissions.
✔ Independent Contractors & Consultants (T4A Income) – Professionals who earn 100% commission and do not receive employment benefits.
✔ Employees Receiving Commission (T4 Income with Box 42 – Employment Commissions) – Those who are paid a base salary + commission or a 100% commission-based salary.
✔ Investment Advisors & Mortgage Brokers – Individuals earning commissions from financial products, loans, or client investments.
✔ Network Marketers & Direct Sales Agents – Self-employed individuals selling MLM, affiliate, or direct-selling products.
✔ T4A – Self-Employed Commissions
✔ T4 – Employee Commissions (Box 42 – Commissions)
✔ GST/HST Registration for Commission Earners (RC1 – Business Number Registration)
✔ Vehicle & Travel Expenses – Fuel, insurance, lease payments, and maintenance costs for business-related travel.
✔ Home Office Deduction – If you work from home, you can claim a portion of your rent, utilities, and internet costs.
✔ Advertising & Marketing Costs – Social media ads, print materials, website development, and lead generation tools.
✔ Office Supplies & Business Tools – Computers, mobile phones, CRM software, and any other tools required for work.
✔ Professional Development & Licensing Fees – Courses, certifications, and association memberships required for your profession.
✔ Entertainment & Client Meals – A portion of meal and entertainment expenses for business-related client interactions is deductible.
✔ Insurance Premiums – Business liability insurance and errors & omissions (E&O) insurance.
✔ Commission-Based Salary Expenses – If you have T4 commission income, certain expenses may be deductible if your employer does not reimburse them.
Claiming all eligible deductions reduces your taxable income and increases your refund.
🔹 Accurate Reporting of T4 & T4A Commission Income – We ensure all income sources are correctly recorded to prevent CRA issues.
🔹 Maximizing Tax Deductions for Commission Earners – We claim all allowable business expenses to lower your taxable income.
🔹 GST/HST Registration & Filing Assistance – We help you register, collect, and remit sales tax if required.
🔹 Tax Planning to Avoid Year-End Surprises – If you earn 100% commission, we help you estimate tax liabilities and plan accordingly.
🔹 Audit Protection & CRA Compliance – We ensure that your tax return is CRA-compliant, reducing audit risks.
🔹 Full-Service Bookkeeping & Tax Support – Need help tracking expenses year-round? We offer dedicated bookkeeping services for commission-based professionals.
✅ Experts in Commission-Based Taxation – We help North Vancouver-based sales professionals and contractors optimize their taxes.
✅ No Missed Deductions or Overpayments – We ensure you claim every eligible expense to minimize tax liability.
✅ Hassle-Free Tax Filing & CRA Compliance – We handle all paperwork, so you avoid common tax filing mistakes.
✅ Integrated Business Support – Need help with tax planning, bookkeeping, or GST/HST filing? We provide comprehensive commission-based financial solutions.
Commission income requires special tax planning and expense tracking. Let Westview Accounting & Tax Services Inc. handle your T4A or T4 commission tax filing, ensuring your return is accurate, CRA-compliant, and optimized for tax savings in North Vancouver, BC.
📞 Contact Us Today! Get expert tax preparation for commission-based professionals!