Compare · Last updated 2026-09-08
Claimable vs FreshBooks
FreshBooks is invoicing-first and generates tax-time reports. A sourced comparison of what each does with the T2125, capital cost allowance, GST/HST and the tax you owe.
FreshBooks describes itself as: Canadian invoicing and accounting software, built around billing clients. Their site.
| FreshBooks | Claimable | |
|---|---|---|
| Expenses on a numbered T2125 line | Not named. The Canadian pricing page names no CRA form; its tax feature is "generate tax-time reports".freshbooks.com, read 2026-09-08 | Yes, applied at capture, with the 50 percent meals rule and the input tax credit taken on the way in. |
| What you owe today | Not named on the Canadian pricing page.freshbooks.com, read 2026-09-08 | An estimate of federal and provincial income tax, CPP at the self-employed rate and net GST, for a sole proprietor, as one number that moves the second a receipt lands. |
| Capital cost allowance | Not named on the Canadian pricing page.freshbooks.com, read 2026-09-08 | Computed: the class, the half-year rule, the undepreciated balance carried forward, and recapture or terminal loss when you dispose of the asset. |
| Invoicing | The core of the product, on every plan, with client billing and time tracking around it.freshbooks.com, read 2026-09-08 | Included, and the income lands in the same ledger the tax is computed from. It is not the centre of the product. |
| Price | Lite $26, Plus $42 and Premium $72 CAD a month at list, discounted on the page at the time of reading.freshbooks.com, read 2026-09-08 | $249 CAD/yr or $24/mo. 14 days free, no card. |
Which one you should actually buy.
Pick FreshBooks
Billing clients is the job. If you live in invoices, retainers, estimates and time tracking, FreshBooks is built for that and Claimable is not trying to be.
Pick Claimable
Your problem is the return rather than the invoice: what is deductible, what it depreciates at, what GST you owe, and what is left after tax.
What Claimable does not do
- No live bank feed. Receipts and income are captured, not reconciled against a bank connection.
- No double-entry ledger, no payroll, no accounts payable.
- It does not NETFILE. It produces the T2125, the CCA schedule, the GST/HST figures and the receipts behind them; you or your accountant file them.
- The iPhone app is early. Claimable runs in any browser today.
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Pricing in this category changes often. Every figure above links to the vendor page it was read from, with the date. Check it before you buy.