Tax rule Canada
The self-employed year-end in Canada: generally December 31
Self-employed individuals generally have to use a December 31 year-end, and Bilbx's Tax Lab totals your receipts by calendar year.
The self-employed fiscal period
January 1 to December 31
Checked against the CRA's own pages on . This is the figure Bilbx uses.
The rule
A fiscal period is the time between the day your business starts its business year and the day it ends its business year.
What the CRA says
“A fiscal period is the time between the day your business starts its business year and the day it ends its business year.”
Self-employed individuals generally have to use a December 31 year-end.
What the CRA says
“Self-employed individuals generally have to use a December 31 year-end.”
How Bilbx applies it
- Tax Lab, part of Bilbx Premium, totals your receipts by calendar year, from January 1 to December 31.
- Its export for your accountant covers the same year, receipt by receipt.
Worked examples
Bilbx's own tests run these exact cases against the website and the app.
| Receipt dated | Belongs to the year |
|---|---|
| December 31, 2026 | January 1, 2026 to December 31, 2026 |
| January 1, 2027 | January 1, 2027 to December 31, 2027 |
Check a receipt
Enter a receipt to see what Bilbx does with it under Canada's rules. It is worked out in your browser by the same code the app runs, and nothing you enter is sent or stored.
Enter a date and a total to see the answers.
Sources
Spotted something that doesn't match the CRA's guidance?
Every sentence in the rule is checked against the CRA's own guidance, quoted beneath it and linked above. Last checked . Rules version 60f9162250af. Terms.
More for Canada: every tax rule Bilbx applies and guides on receipts and tax records.