Toronto businesses, served remotely

Accountant for Toronto businesses

Toronto accounting handled remotely by a Calgary CPA firm: Ontario HST at 13 percent, not Alberta's 5 percent GST, plus the T2 from $2,500.

Prepared by HBT Accounting, a CPA led firm in CalgaryUpdated 5.0 on Google, 59 reviews

One

An Ontario filing profile, handled from Alberta

Ontario businesses file a single harmonized tax at 13 percent rather than the 5 percent Alberta firms see, and the input tax credit work that goes with it is heavier. That is the practical difference in running a Toronto file, and it is a difference of process rather than of geography.

HBT is in Calgary and does not have a Toronto office. What it offers Toronto owners is a CPA led engagement with published prices, secure record exchange and the same person on the file each year. For businesses tired of being a small account at a large downtown firm, that trade is often the right one.

Two

What a Toronto engagement covers

HST at the Ontario rate

Registration, returns and input tax credits at 13 percent rather than the Alberta 5 percent GST.

Corporate year end and T2

Filed federally with Ontario corporate tax handled through the same return.

Payroll wherever staff sit

Source deductions, T4 slips and records of employment for Ontario employees.

Three

How the work begins

  1. Step 1: Confirm the profile

    Entity, province of operation, program accounts and what is currently filed.

  2. Step 2: Scope and price in writing

    Agreed before paid work, including anything outside the engagement.

  3. Step 3: A remote rhythm

    Monthly or annual, with records moving securely and one person answering.

Four

Can a Calgary accountant file for a Toronto corporation?

Yes. An Ontario corporation files one T2 with the CRA, which collects Ontario corporate tax on the same return. Ontario HST at 13 percent is filed with the CRA as well. The engagement runs remotely with records exchanged securely. HBT has no Toronto office and does not present one.

Official sources

  1. CRA: GST/HST rates by province
  2. CRA: Provincial and territorial corporation tax

Corporate year end and T2 from $2,500+. Monthly bookkeeping from $500/mo+. Amounts are starting prices plus GST or HST where it applies. Final fees depend on scope, and we quote a fixed fee once the work is clear. See starting fees. The first conversation is free and takes about 10 to 15 minutes.