Best Invoicing Software in Canada (2026)
Reviewed by the Invoicemonk editorial team
GST, HST, PST, QST — Canadian tax is complex. We compared the top tools for handling provincial taxes, CRA compliance, and multi-currency billing.
1. Invoicemonk
Our PickBest for Canadian freelancers & SMEs needing CRA compliance · Pro from $15/month
Invoicemonk handles the complexity of Canadian tax — GST, HST, PST, and QST across provinces. When CAD is selected, it auto-applies the correct tax rates and includes CRA Business Number fields. The Pro plan includes multi-currency invoicing for billing US and international clients alongside CAD.
Pros
- CRA-compliant invoice fields (GST/HST/PST)
- Auto-calculates provincial tax rates
- Multi-currency (CAD, USD, EUR)
- BN (Business Number) fields
- Free invoice generator — no signup
Cons
- • No direct CRA filing integration
- • No payroll module
Ready to switch?
Get started with Invoicemonk Pro from $15/month. Upgrade, downgrade, or cancel anytime.
2. Wave
Best for Canadian startups wanting free accounting · Free (invoicing & accounting)
Wave is a Canadian-built free invoicing and accounting tool. It handles GST/HST and integrates with Canadian banks. However, payment processing carries fees, customization is limited, and support is only available on paid plans.
Pros
- Free invoicing and accounting
- Built in Canada
- Payment processing available
- Bank connections
Cons
- • Payment processing fees (2.9% + $0.60)
- • Limited customization
- • No Peppol support
- • Customer support behind paywall
3. FreshBooks
Best for Service-based Canadian businesses · From CA$22/mo
FreshBooks was founded in Toronto and is popular with Canadian service businesses. It has strong time tracking and client management but is expensive if you only need basic invoicing. Lower plans limit the number of clients.
Pros
- Founded in Canada
- Excellent time tracking
- Client portal
- HST/GST support
Cons
- • Expensive for basic invoicing
- • Client limits on lower plans
- • No free plan
- • Accounting features are basic
4. QuickBooks Online
Best for Growing businesses needing full accounting · From CA$23/mo
QuickBooks is the standard for small business accounting in Canada with direct CRA integration for GST/HST filing. It's powerful but complex and expensive for freelancers who primarily need invoicing.
Pros
- Full accounting suite
- CRA integration
- Payroll add-on
- Accountant access
Cons
- • No free plan
- • Overkill for freelancers
- • Complex setup
- • Price increases after first year
Ready to switch?
Get started with Invoicemonk Pro from $15/month. Upgrade, downgrade, or cancel anytime.
Pros and cons of each option
Each tool with its "best for" label, price, and the honest trade-offs.
Invoicemonk
Pro $15/moBest overall for Canadian businesses invoicing at home and abroad
Pros
- Unlimited invoices, clients and currency accounts
- GST/HST invoicing compliance built in
- Receipt scanning and expense tracking included
- Up to 5 team members on the entry plan
Cons
- —No time tracking
- —No payroll
- —Free plan capped at 3 invoices/month
QuickBooks
From $19/moBest for Canadian businesses needing full accounting
Pros
- Full double-entry accounting
- Payroll add-on
- Accountants already know it
Cons
- —Per-seat pricing
- —Multi-currency on higher tiers
- —More tool than pure invoicing needs
Zoho Books
From $15/moBest for Canadian teams already using Zoho
Pros
- Time tracking included
- Workflow automation
- Deep Zoho integrations
Cons
- —Customer caps on lower tiers
- —Per-seat pricing
- —Busier interface
Wave
Free tierBest free option for Canadian domestic invoicing
Pros
- Free invoicing and accounting
- Receipt capture included
- Quick to set up
Cons
- —Payments and multi-currency limited to the US and Canada
- —No e-invoicing mandate coverage
- —Limited support on the free tier
Frequently Asked Questions
What is the best invoicing software for Canada?
Invoicemonk is the best free invoicing software for Canadian businesses in 2026. It handles GST, HST, PST, and QST across all provinces, includes CRA Business Number fields, and supports multi-currency invoicing. For full accounting with CRA filing, QuickBooks Online is the market leader.
Do Canadian invoices need a GST/HST number?
If your business earns over $30,000 annually, you must register for GST/HST and include your registration number on invoices. Invoicemonk includes these fields by default when CAD is selected.
What tax rates apply to Canadian invoices?
Canada has GST (5%), plus provincial taxes: HST (13-15% in ON, NB, NL, NS, PE), PST (6-7% in BC, SK, MB), and QST (9.975% in QC). Invoicemonk auto-applies the correct rates based on province selection.
Ready to switch?
Get started with Invoicemonk Pro from $15/month. Upgrade, downgrade, or cancel anytime.
E-invoicing mandates supported
Invoicemonk is built for the 18 live e-invoicing mandates worldwide — coverage general invoicing tools don't offer, including Canada's CRA (Canada Revenue Agency) + Peppol Authority Canada CRA GST/HST tax invoice + Peppol BIS Billing Canada.
18 mandates live across 5 regions:
Fatoorah Phase 2, Fatoorah Phase 1, MyInvois e-Invoicing, GST e-Invoicing (IRN + QR), Peppol BIS Billing 3.0 (B2B and B2G), FIRS Merchant-Buyer Solution (MBS) e-Invoicing, Making Tax Digital for VAT, eTIMS (Electronic Tax Invoice Management System), Certified Invoicing System (E-VAT), EIS, SARS Tax Invoice Requirements (VAT Act s.20) + e-Filing VAT201, Fiscalisation Data Management System (FDMS), VAT Act tax invoice requirements + SRC e-Filing, NF-e (Nota Fiscal Eletrônica) and NFS-e (services), Invoice Processing Platform (IPP), CRA GST/HST tax invoice + Peppol BIS Billing Canada, FatturaPA via Sistema di Interscambio (clearance), SAF-T BG reporting + B2G Peppol BIS Billing 3.0 and planned domestic e-invoicing.
CRA-Compliant Invoicing — Free
Create GST/HST-ready invoices with provincial tax rates and BN fields. No signup required.
Get started with Invoicemonk