Compare · Last updated 2026-09-08
Claimable vs Xero
Xero is double-entry accounting built for a bookkeeper. A sourced comparison of what each does with the T2125, capital cost allowance and the tax a sole proprietor owes.
Xero describes itself as: Cloud accounting software for small businesses and their bookkeepers. Their site.
| Xero | Claimable | |
|---|---|---|
| Expenses on a numbered T2125 line | Not named. The Canadian pricing page names no CRA form; the product is organised around a chart of accounts.xero.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. Personal tax owing for a sole proprietor does not appear on the Canadian pricing page.xero.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. Xero has fixed-asset depreciation; CCA classes are a Canadian tax concept, not an accounting one.xero.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. |
| Who it is built for | Small businesses and the accountants and bookkeepers who work in it, with bank reconciliation, bills and cash-flow forecasting.xero.com, read 2026-09-08 | The business of one, filing a T2125 with a personal return. One book per login. |
| Price | Starter $25, Standard $60 and Premium $80 CAD a month after an introductory period.xero.com, read 2026-09-08 | $249 CAD/yr or $24/mo. 14 days free, no card. |
Which one you should actually buy.
Pick Xero
You have employees, inventory, accounts payable, or a bookkeeper who works in Xero. It is real accounting software and it will outgrow us the day your business is more than you.
Pick Claimable
You are the business, you file a T2125, and you would rather have the tax computed than have the books reconciled.
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.