Tax Preparation
Starts from $34.99 (depending on Tax Slips/T Slips). The mentioned fees estimate only. For the actual price please contact our office:
Basic return means a tax return with no business or rental income, no capital gains or losses and no more than 12 tax slips.
(Approximate fees: Tax Not Included, E-File fee $5.00 will be charged)
Basic T1 return: $60.00 (single), $120.00 (couple)
Self-Employed return: (one business statement completed & provided by client) $150.00
Rental income return: (one rental statement completed & provided by client): $150.00
T2 Corporate return: (financial statements completed & provided by client): $445.00
GST return: $100.00
Section 216 Election return: (one rental statement): $345.00
Form T2062/T2062A preparation: (requests by Canadian non-residents for a “Certificate of Compliance” from CRA when disposing of Canadian real estate): $445.00
Prior-year tax return adjustment:, correcting for additional tax slips $40.00 (existing clients only)
(10 % discount for new immigrants, students, and seniors)
Shoebox Bookkeeping
Includes compilation of documents, recording of income, expenses and tax liabilities per fiscal year. Fee is based upon the average number of pages in each monthly bank statement.
Small Business:
Up to 30 pages of bank statements / credit card statements per fiscal year. $425.00
Medium Business:
Up to 30 pages of bank statements / credit card statements per fiscal year. $500.00
Large Business:
Up to 30 pgs. (Plus $5 per additional) bank statement /credit card statements per fiscal year. $500.00
NOTE: We’ll take up to 14 business days for the completion of Shoebox Bookkeeping per fiscal year.
Monthly Clients
Sole Proprietor:
Monthly Bank Statement less than 5 pages. $75.00
Small Business:
Monthly Bank Statement 6 – 10 pages. $110.00
Standard Business:
Monthly Bank Statement 11 – 15 pages. $250.00
Large Business:
Monthly Bank Statement 15+ pages. $500.00
NOTE: Fees include QuickBooks online, Receipts- Bank, Monthly Bookkeeping, Monthly Financial Statements, Year-End Financial Statements however Corporate Tax Returns Not included. Documents will be delivered electronically (pdf) when possible. If multiple bank accounts and / or credit cards, we may charge additional fees.
New Clients Onboarding: If books of our new client are in arrears, we will charge 50% of monthly fee for each month in arrears for catch up/clean up the books.
All timelines are estimates only and based upon the assumption that we receives COMPLETE information at the time of request, and responds to inquires promptly. Timelines also assume that our client is cooperative. Missing or incomplete information can and will cause significant delays in processing times. We reserves the right to charge additional fees/penalties for delays due to missing and incomplete information.
Corporate
Corporate Income Tax – Small Business:
Up to 30 pages of bank statements/credit card statements per fiscal year. $650.00
Corporate Income Tax – Medium Business:
Up to 50 pages of bank statements/credit card statements per fiscal year. $725.00
Corporate Income Tax – Large Business:
Above 50 and up to 100 pages of bank statements/credit card statements per fiscal year (above 50 pages $5 will be charged per additional page per fiscal year. $975.00
Corporate Income Tax – NIL Return:
No income reporting per fiscal year. $150.00
Corporate Income Tax – Non-Profit:
Not Profit Organization. $500.00
Business Incorporation:
Included incorporation costs/government fee. $450.00
(T3) Trust Return:
Annual income tax (T3) return if the trust has tax payable or it distributes all or part of its income or capital to its beneficiaries. $150.00
(T3010) Charity Return:
T3010 income tax return form for registered charities. $100.00
CRA Review letter Assistance/ No Audit Assistance:
(per hour) If you received a letter from CRA telling you that your income tax return is being reviewed, we will help you with necessary corresponding/reply or submission of documents to CRA. $45.00
NOTE:
- Corporate Tax includes Tax Returns and Financial statements.
- Allow 5 – 7 business days for preparation of Corporate Tax Return.
- Allow 3 – 5 business days for the preparation of the responding letters on account of CRA Review Assistance.
- Processing times for incorporations are variable.
- CRA Audit or Remittances are NOT available (reports only)
Other services
Manual Records:
When we are provided with Trial Balance / Statements only. $20.00
Retained Earnings Reconciliation:
When opening retained earnings do not agree to prior year. $45.00
Rush Service:
When T2 is required prior to regular expected timelines. $45.00
Amend Previously Filed T2:
When requested or required. $45.00
T4’s / T’5s:
As requested. $20 + $1 per slip
Business Plans / Budget / Cash Flow:
As requested. $275.00
Start-up Program:
As requested. $250.00 plus Incorporation Costs
Payroll Services (A)
| Bi-Weekly | $15.00 (Base fee) | $1.50 (Fee per Payment |
| Weekly | $12.00 (Base fee) | $1.50 (Fee per Payment |
| Semi-Monthly | $20.00 (Base fee) | $1.50 (Fee per Payment |
| Monthly | $25.00 (Base fee) | $1.50 (Fee per Payment |
- Fees include: Cheques or direct deposit, T4’s, ROE’s and any other required government reports
- Fees quoted are in addition to basic monthly processing fees
- Fees are the same for Payroll Only clients and Monthly clients
Payroll Services (B)
| Bi-Weekly | $10.00 (Base fee) | $1.00 (Fee per Payment |
| Weekly | $10.00 (Base fee) | $1.00 (Fee per Payment |
| Semi-Monthly | $10.00 (Base fee) | $1.00 (Fee per Payment |
| Monthly | $10.00 (Base fee) | $1.00 (Fee per Payment |
- Fees include: Paystubs, ROE’s and government reports
- No Direct Deposit is available
- CRA Remittances are NOT available (reports only)
- Bi-Weekly is paid 26 times per year. there are two months in the year where employees receive three paychecks.
- Weekly options expire almost every Friday and are issued on Thursdays
- Semimonthly is paid 24 paychecks/times per year. A semimonthly payroll is paid twice a month, usually on the 15th and last days of the month
- Monthly options expire every month on third Friday of the month