Ontario Accounting & Tax Firm For CRA Compliance and Small Business Growth
The Acctax Company provides accounting, bookkeeping, and tax services to Ontario small businesses and owner-managed corporations. Our CPAs manage monthly reconciliations, payroll source deductions, GST/HST remittances, T1 personal returns, and T2 corporate filings. 4 office locations serve the Kitchener-Waterloo region. 225+ Ontario businesses trust us to maintain CRA-compliant records, meet filing deadlines, and respond to reassessment notices. Tax-ready books delivered monthly audit preparation handled year-round.
Ontario's CPA-Led Accounting & Tax Firm
Ontario Industries We Serve
Industry-Specific Solutions
Each industry carries distinct CRA compliance requirements GST/HST reporting thresholds, payroll structures, expense categorization rules, and documentation standards. The Acctax Company delivers accounting and tax services calibrated to sector-specific regulations across Ontario.
Comprehensive CRA Compliance and Accounting Services
Bookkeeping & Accounting
AccTax maintains your general ledger, bank reconciliations, and trial balance with monthly precision. Our CPA Ontario-registered team ensures every transaction is recorded.
- Monthly financial statement preparation
- Bank and credit card reconciliation
- Accounts payable and receivable management
- CRA-compliant record-keeping
Tax Preparation & Filing
We prepare and file T1, T2, and T3 returns for Ontario businesses. Our CPAs calculate eligible deductions and ensure documentation is submitted before the deadline.
- T1 Personal & T2 Corporate filings
- GST/HST return filing and remittance
- T4, T5, and T4A slip issuance
- Trust and Estate (T3) returns
Ontario Company Incorporation
We incorporate Ontario and Federal corporations, obtain Business Numbers, and register for GST/HST and payroll accounts accurately.
- Ontario Provincial (ONCA) & Federal setups
- Business Number & CRA registration
- Professional corporation compliance
- Corporate minute book preparation
CRA Audit Assistance
Our CPAs represent you during CRA audits, communicating directly with auditors and negotiating on your behalf to protect your interests.
- CRA audit preparation and documentation
- Direct representation with auditors
- Notice of Objection filing
- Notice of Assessment analysis
From Cleanup to Ongoing Compliance
How We Onboard Ontario Businesses
The Acctax Company follows a 4-phase onboarding process. Clear timelines, defined deliverables, and documented responsibilities eliminate ambiguity from engagement start through monthly reporting.
Phase 1: Discovery
Timeline: Days 1–3
We assess your current financial position: outstanding reconciliations, unfiled returns, CRA notices requiring response, and accounting software status. You provide 12 months of bank statements, prior-year tax returns, and read-only access to existing bookkeeping files.
Deliverable: Compliance gap assessment identifying immediate priorities
Phase 2: Design
Timeline: Days 4–7
We build your chart of accounts structure, establish reporting cadence, and set filing deadline calendar. Businesses with bookkeeping backlog receive a catch-up timeline with weekly milestones. You approve a scope document outlining monthly deliverables, communication protocols, and fee structure.
Deliverable: Engagement scope document with service specifications
Phase 3: Onboarding
Timeline: Days 8–21
We connect bank feeds, configure accounting software, and complete historical reconciliations. Backlogged transactions are categorized and reconciled according to the catch-up schedule. Your first month-end close occurs within 30 days of engagement start.
Deliverable: Reconciled books through current period with preliminary financial statements
Phase 4: Delivery
Timeline: Ongoing (Monthly)
Monthly reconciliations completed by the 10th. Financial reports delivered by the 15th. GST/HST returns filed before quarterly deadlines. Payroll remittances confirmed by the 15th of each month. Annual tax preparation begins 60 days before fiscal year-end.
Deliverable: Monthly financial package with compliance status dashboard
Ontario Small Business Tax Resources
CRA regulations change. Filing deadlines shift. New deduction opportunities emerge. Our blog delivers GST/HST updates, payroll remittance guidance, T2 corporate tax changes, and audit trigger insights for Ontario small businesses.
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Client Outcomes
What Ontario Business Owners Say About The Acctax Company
Why Ontario Businesses Choose The Acctax Company?
Accounting firms process transactions. CRA compliance requires more proactive deadline management, audit-ready documentation, and direct access to professionals who understand your industry. The Acctax Company delivers full-service accounting and tax support built for Ontario small business realities.
CRA-Focused Compliance System
CRA penalties stem from missed deadlines and incomplete records. Our compliance system eliminates both. Automated reminders trigger 14 days before every filing deadline GST/HST, payroll remittances, T2 corporate returns, and instalment payments.
Direct CPA Access (No Layers)
Large firms route questions through junior staff. The Acctax Company assigns a dedicated Chartered Professional Accountant to every client. Your CPA knows your books, your industry, and your CRA history. Questions receive same-day responses.
Industry-Specific Expertise
Generic bookkeeping misses industry nuances. Construction holdbacks require different treatment than SaaS subscription revenue. Rental property depreciation differs from manufacturing equipment CCA.
FAQs
Tax preparation fees vary by complexity. T1 personal returns for salaried employees: $150–$250. Self-employed T1 with business income (T2125): $300–$500. T2 corporate returns: $800–$1,500 depending on transaction volume, GIFI schedule requirements, and shareholder loan complexity. We provide fixed quotes after reviewing your prior-year return.
Personal (T1): T4 employment slips, T5 investment income, T3 trust income, RRSP contribution receipts, charitable donation receipts, medical expense receipts, childcare receipts (if applicable).
Corporate (T2): Year-end financial statements, reconciled trial balance, bank statements, shareholder loan ledger, prior-year Notice of Assessment, minute book (for dividend declarations).
Yes. We review CRA notices, identify the assessed issue, and prepare written responses with supporting documentation. For disputed assessments, we file Notices of Objection within the 90-day statutory deadline. Representation during CRA reviews and Appeals Division correspondence included in our CRA compliance service.
GST/HST registration becomes mandatory when your business exceeds $30,000 in taxable revenue over four consecutive calendar quarters. Voluntary registration available for businesses below this threshold—allows claiming Input Tax Credits (ITCs) on business purchases. We assess whether early registration benefits your specific situation.
Clean-up timelines depend on backlog duration and transaction volume:
6–12 months backlog: 2–3 weeks
12–18 months backlog: 3–4 weeks
18+ months backlog: 4–6 weeks
We provide a catch-up schedule with weekly milestones before engagement begins.
Yes. We maintain Intuit Certified ProAdvisor and Xero Certified Partner credentials. Both platforms support automated bank feeds, rule-based transaction categorization, and direct CRA e-filing integration. We recommend QuickBooks Online for most Ontario small businesses due to its Canadian payroll module and CRA reporting features.
Simplify Your Financial Operations with Ontario's CRA Compliance Experts
The Acctax Company provides accounting, bookkeeping, and tax services from 4 office locations across Kitchener, Cambridge, and Waterloo. Chartered Professional Accountants manage your monthly reconciliations, payroll remittances, GST/HST filings, and corporate tax returns delivering CRA-compliant books and audit-ready documentation year-round.
