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Catch-Up BookkeepingFrom $1,800Books & payroll
BookkeepingFrom $350/monthPayrollGet a quoteSR&ED ClaimsEnd-to-end SR&ED claims, quoted after consultationSR&ED for Software CompaniesQuoted after consultationSR&ED-Ready BookkeepingBooks + T2 for SR&ED claimsTax filing
Corporate Tax (T2)From $800 · nil T2 from $249GST/HST Filing$150 per returnPersonal Tax (T1)From $110 · students from $49Sole Proprietor Tax (T1 + T2125)From $300Start & grow
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PricingService areasAll services →Accountant & Bookkeeping in Etobicoke
CPA-Led, Flat-Rate Accounting and Bookkeeping in Etobicoke
T-Ledgers is a CPA-led accounting firm based at 102-89 Skyway Avenue in Etobicoke. We handle bookkeeping, corporate (T2) and personal (T1) tax, HST and payroll for Etobicoke businesses on flat fees quoted before we start, and we specialise in catching up years of overdue books and unfiled returns. Meet in person by appointment, or online.
- CPA Ontario member #77000292
- Flat fees, no surprise bills
- Office on Skyway Ave, Etobicoke
CPA Ontario member #77000292 (verify my licence) | We'll match a comparable written quote | No surprise bills | Reply within one business day | QuickBooks Online, Xero and Dext | Read our Google reviews
Most Etobicoke accountants will happily take a tidy, current file. Fewer want it when the last T2 was filed three years ago and there’s a CRA letter on the kitchen counter. That second kind of file is the one I built T-Ledgers around.
I’m Wajahat Ajmal, a CPA, and our office is on Skyway Avenue near Pearson. Most clients never need to visit, since we work in the cloud and talk by phone or video. If you’d rather sit across a table, book a meeting at the office. Meetings there are by appointment only.
On this page: Services and prices · Etobicoke rules · Ontario tax · Voluntary disclosure · Why T-Ledgers · FAQ
Accounting services and prices for Etobicoke businesses
Every service is quoted at a flat rate before we start. Prices below are starting points and exclude HST/GST.
← Swipe to compare →
| Service | Starting price | What it covers |
|---|---|---|
| Catch-up bookkeeping and back taxes | From $1,800 + HST/GST per year | Priced per year: missing years rebuilt from bank and card statements, with the overdue HST returns and the T2 for each year filed in the right order. Personal T1 returns are quoted separately. Final flat price confirmed after we see what is missing. |
| Bookkeeping | From $350/month (quarterly); monthly bookkeeping from $500/month + HST/GST | Reconciliations, HST returns and year-end-ready books in QuickBooks Online or Xero, reviewed by a CPA. |
| Corporate tax (T2) | From $800 + HST/GST | Year-end financial statements and your T2, including the Ontario schedules. Nil returns for inactive corporations from $249. |
| Personal tax (T1) | Student $49; regular from $110 + HST/GST | Employees, students, landlords and owner-managers, with Ontario credits included. |
| Sole proprietor tax (T1 + T2125) | From $300 + HST/GST | Your personal return plus the T2125 business statement, with HST and instalments checked. |
| Payroll | Quoted after consultation | Pay runs, CRA source deductions, WSIB reporting, EHT tracking, T4s and ROEs. |
| GST/HST returns | $150 per return + HST/GST | Quarterly or annual GST/HST returns prepared from your books, with input tax credits checked before filing. |
| Virtual CFO | From $2,500/month + HST/GST | Cash flow forecasts, budgets, KPI reporting and monthly CFO meetings for growing companies. |
| SR&ED claims | Quoted after consultation | End-to-end SR&ED claims: eligibility review, project write-ups, the T661 claim form and the T2 filing, plus CRA review support. See SR&ED for software companies. |
| Incorporation | From $499 + government fees + HST/GST | Federal or Ontario incorporation, plus your CRA business number, HST and payroll accounts. Full legal documents option $999. |
| Minute book maintenance | $500/year + HST/GST | Annual resolutions, dividends and director or shareholder changes, plus filing your Ontario annual return. |
Etobicoke service pages: bookkeeping · personal tax
Most incorporated clients take bookkeeping plus a T2, with the owner’s T1 alongside. Our page on business tax filing explains how the pieces fit.
Etobicoke rules that show up in your books
Etobicoke has been part of the City of Toronto since 1998, so you deal with Toronto bylaws, Ontario taxes and the CRA. Here’s what comes up most. (Figures checked against official sources on October 11, 2026.)
The local business mix. The City’s 2025 Toronto Employment Survey lists Rexdale-Airport and South Etobicoke among Toronto’s five largest employment areas, and manufacturing is the biggest source of jobs across those areas. In practice, many of our Etobicoke conversations are with contractors, trucking companies, distributors and small manufacturers, plus retailers, clinics and consultants in Islington Village, Mimico, Long Branch and home offices.
← Swipe to compare →
| Rule | Who it affects | Official source |
|---|---|---|
| Municipal Land Transfer Tax (MLTT) | Anyone buying Toronto property (including Etobicoke), including holding companies. MLTT is charged in addition to Ontario land transfer tax. We record both in the property's cost base. | City of Toronto MLTT |
| Vacant Home Tax declaration | Every Toronto residential property owner must declare each year, even for a principal residence. A home with no declaration can be deemed vacant and charged 3% of its assessed value. | City of Toronto Vacant Home Tax |
| City of Toronto business licences | Renovation and repair businesses need a City of Toronto Building Renovator licence, which includes a trade exam, even if they only advertise renovation work. Food businesses need a Toronto Public Health pass. Licence fees are a deductible business cost. | Toronto licence and permit types |
Law: City of Toronto Act, 2006 s.86(1) (business licensing); City of Toronto Act, 2006 s.267(1) (City taxes, incl. MLTT and Vacant Home Tax); Land Transfer Tax Act s.2(1) (Ontario land transfer tax); Health Protection and Promotion Act s.16(1) (food premises).
Ontario tax rules every Etobicoke business deals with
← Swipe to compare →
| Rule | What it means | Official source |
|---|---|---|
| HST is 13% in Ontario | Businesses registered for GST/HST. Registration is required once taxable revenue passes $30,000 in a single calendar quarter or over four consecutive quarters. | CRA GST/HST rates page |
| Ontario small business rate: 2.2% from July 1, 2026 | Canadian-controlled private corporations, on the first $500,000 of active business income. With the federal 9%, that is 11.2% combined, prorated for tax years that straddle July 1. | Ontario's corporate income tax page |
| Employer Health Tax (EHT) | Employers with Ontario payroll above the $1 million exemption (shared by associated employers; no exemption once group payroll passes $5 million). Rates 0.98% to 1.95%; annual return due March 15; monthly instalments start once payroll passes $1.2 million. | Ontario's EHT guide |
| WSIB coverage | Most Ontario businesses that hire workers must register with WSIB within 10 days of hiring their first worker. Some industries are exempt. | WSIB registration |
| Ontario annual return | Every Ontario corporation files an annual return with the Ontario Business Registry. It is separate from the T2. | Ontario Business Registry |
If you ship to or serve customers in other provinces, the rate follows the place of supply: 5% GST in Alberta, 15% HST in New Brunswick, Newfoundland and Labrador and PEI, and 14% in Nova Scotia since April 1, 2025. Income above the $500,000 small business limit is taxed at 26.5% combined (15% federal plus 11.5% Ontario). Some older tables online, including the CRA’s, may still show Ontario’s previous 3.2% small business rate; Ontario’s corporate income tax page has the current figure. More in our guides to corporate tax rates in Canada, the Ontario HST rate and GST/HST filing deadlines. If a government page and this summary ever disagree, the government page wins.
Law: Excise Tax Act s.165(2) (HST in participating provinces); Excise Tax Act s.240(1) (registration required); Excise Tax Act s.148(1) (small suppliers); Income Tax Act s.125(1) (small business deduction); Taxation Act, 2007 (Ontario corporate income tax); Employer Health Tax Act s.2(1); Workplace Safety and Insurance Act, 1997 s.75(1) (WSIB registration within 10 days); Corporations Information Act s.3.1 (annual return).
Behind on your books? Catch-up is our speciality
If you’re a few years behind, you’re not unusual, and it’s fixable:
Behind with the CRA? Voluntary disclosure
If you have unfiled returns or income you never reported, the CRA’s Voluntary Disclosures Program (VDP) lets you correct it before the CRA contacts you, with relief on penalties and part of the interest. Many Etobicoke owners come to us only after a CRA letter arrives; coming forward first usually gets a better result.
- The law behind it: the CRA can waive or cancel penalties and interest for up to 10 calendar years back under Income Tax Act s.220(3.1) (income tax) and Excise Tax Act s.281.1 (GST/HST). The VDP is how the CRA applies that power to people who come forward.
- Unprompted applications (no CRA contact about the issue yet) normally get 100% penalty relief and 75% interest relief. Prompted applications (after a CRA letter that names a specific error or sets a deadline) normally get up to 100% penalty relief and 25% interest relief. These rules apply to applications received on or after October 1, 2025 (CRA Information Circular IC00-1R7).
- Who qualifies: you must apply before an audit or investigation starts, include all the corrected returns and documents, be at least one year or one reporting period past the due date, and pay the estimated tax or ask for a payment arrangement (CRA’s VDP eligibility page).
We rebuild the missing years, prepare the corrected T1, T2 and GST/HST returns, and file them with Form RC199 so the CRA reviews everything together. Pricing depends on how many years are involved and is part of our catch-up bookkeeping quote, which starts from $1,800 per year + HST/GST. The CRA decides each application case by case, so relief is never guaranteed.
Law: Income Tax Act s.150(1) (filing deadlines); Income Tax Act s.162(1) (late-filing penalty); Income Tax Act s.161(1) (interest on unpaid tax); Income Tax Act s.152(7) (assessment not dependent on return); Excise Tax Act s.238(1) (GST/HST returns).
- We start with your bank and credit card statements. You don’t need a perfect box of receipts.
- We rebuild the oldest year first, reconcile it and close it before moving on, so the opening balances are right.
- We file what’s outstanding in the right order: HST returns, T2s and personal returns. If the CRA has sent letters or estimated assessments, we deal with them as part of the job.
- Then we keep you current on a monthly or quarterly plan so it doesn’t happen again.
Penalties and interest grow until you file, so waiting rarely helps. Catch-up work starts from $1,800 per year + HST/GST, and you’ll get a fixed quote once we’ve seen what’s missing. See catch-up bookkeeping, back tax filing and a real catch-up file in our case study.
Why Etobicoke owners work with T-Ledgers
A CPA on every file
I review the work before anything goes to the CRA. Nothing is filed without my sign-off.
Flat fees in writing
You get the price before we start. If the scope changes, we agree the new price with you first.
Replies within one business day
Tell us if a CRA deadline is close and we will put it first.
Cloud tools
QuickBooks Online or Xero for the books and Dext for receipts. We take over your file or set one up.
Phone, video or in person
Most clients never visit. If you would rather meet, book a meeting at our Etobicoke office at 102-89 Skyway Ave or our Mississauga office.
Hours that fit
Monday to Friday 9 a.m. to 8 p.m. ET, Saturday 10 a.m. to 4 p.m. ET.
T-Ledgers vs a traditional Etobicoke firm vs DIY
← Swipe to compare →
| T-Ledgers | Traditional local firm | DIY with software | |
|---|---|---|---|
| Pricing | Flat fee quoted in writing before we start, + HST/GST. No surprise bills. | Often hourly, or a quote that grows with "extra" work | Software subscription, plus your evenings |
| Who does the work | Led and reviewed by a CPA, FCCA | Varies: partner, staff accountant or bookkeeper | You |
| Behind on filings | Catch-up is our speciality; we file in the right order | Some firms decline messy or multi-year files | Hard to know where to start |
| Reply time | Within one business day | Varies | Not applicable |
| Meetings | Phone, video, or in person at our Etobicoke (102-89 Skyway Ave) or Mississauga office by appointment | In person, usually office hours | None |
Who we work with in Etobicoke
- Construction and trades, including renovators, HVAC and carpenters: subcontractor T5018 slips, holdbacks, job costing. See HVAC bookkeeping and contractor T-slips.
- Trucking and logistics near Pearson: fuel, equipment CCA and owner-operator setups. See truckers' bookkeeping.
- Consultants and professional services, including personal services business risk.
- Startups and tech companies: clean books from day one, founder pay and investor-ready statements.
- Self-employed people: T2125 business income, HST, instalments and keeping business and personal spending apart.
- Real estate investors and landlords, including holding companies.
- Health care practices: clinics and practitioners, including professional corporations.
- E-commerce sellers: Shopify, Amazon and payment-processor reconciliations, and HST on sales shipped across Canada.
How it works
- Free 30-minute call. What’s filed, what isn’t, and what you need. Straight answers even if you don’t hire us.
- Fixed quote. You get a flat price in writing. If your scope changes later, we tell you and agree the new price before doing the work. That’s what we mean by no surprise bills.
- Secure onboarding. We connect to your bank feeds, set up or take over your QuickBooks Online or Xero file, and set you up on Dext so receipts go in with a photo.
- Monthly and year-end delivery. Books kept current, HST filed on time, statements sent, T2 and T1 prepared at year-end.
Meet your CPA
Wajahat Ajmal, CPA, FCCA, Founder
I started my career in audit at KPMG, which taught me to go back to the source and reconcile everything before anything gets filed. I later worked as an independent contractor for a tax filing company. I’ve practised in Canada since 2020 and founded T-Ledgers in 2023.
I’m a CPA Ontario member (#77000292), also registered with CPA BC (#C77000292), and a Fellow of ACCA. You can verify my CPA Ontario membership in the public directory, or read more on our About page.
Client results
“I was behind a few years on filing and my situation was a little complicated but he handled everything great and did all the communicating with the CRA so that I didnt have to.”
Google review, catch-up filing client
Read all our Google reviews or see our case studies.
Frequently asked questions
Our flat fees start at $350 a month for bookkeeping (quarterly; monthly from $500), $1,800 per year for catch-up bookkeeping, $110 for a personal tax return (T1, or $49 for a simple slips-only return), $800 for a corporate return (T2) and $499 for incorporation. Payroll is quoted after consultation. All prices exclude HST/GST, and you get the exact figure before we start.
Yes. We prepare SR&ED claims end to end: the eligibility review, project write-ups, the T661 claim form and the T2 filing, plus support if the CRA reviews the claim. Pricing depends on the claim and is quoted after a free consultation.
Not necessarily. Your accountant needs to know Ontario and Toronto rules, not live down the street. But we are local, at 102-89 Skyway Avenue.
Yes, by appointment. Most clients prefer phone or video, but you can book an in-person meeting at our Skyway Avenue office when you schedule your call.
Only if your Ontario payroll is over your exemption. Eligible employers get a $1 million exemption, shared with any associated companies, and there’s no exemption once the group’s Ontario payroll is over $5 million. Rates run from 0.98% to 1.95%, and the annual return is due March 15.
Yes. If you have a comparable written quote from another Canadian CPA or bookkeeping firm for the same scope of work, send it to us and we’ll match it. Once we agree a price, that’s what you pay: no surprise bills. If your scope changes, we agree the new price with you before doing the extra work.
Within one business day. If something is urgent, like a CRA deadline, say so and we’ll prioritise it.
QuickBooks Online and Xero for the books, and Dext for receipts and bills. If you’re already on one of them, we take over your existing file. If not, we’ll set one up.
It depends on what you do. Building renovators, food businesses and several other categories need a City of Toronto licence. Check toronto.ca for your category, and we’ll set up your HST registration correctly.
Yes. Our services are taxable, so Ontario clients pay 13% HST on top of our fees. If your business is HST-registered, you can usually claim that HST back as an input tax credit.
Yes, it’s our speciality. We rebuild your books from bank statements, file the overdue HST returns and T2s in the right order (personal T1 returns are quoted separately), and handle any CRA letters for you. You get a fixed quote once we’ve reviewed what’s missing.
Yes. We rebuild the missing years, prepare the corrected returns and file them with Form RC199. If no one at the CRA has contacted you about the issue, an application received on or after October 1, 2025 normally gets 100% penalty relief and 75% interest relief. The VDP application is quoted separately after a free review. Any catch-up bookkeeping starts from $1,800 per year + HST/GST.
Not always. If the letter names a specific error or sets a deadline, your application is treated as prompted and normally gets up to 100% penalty relief and 25% interest relief. Once an audit or investigation has started on that issue, the VDP is closed to you, so it is worth acting quickly.
Nearby areas we serve
We also work remotely with clients everywhere in Canada except Quebec.
Ready to talk to a CPA about your Etobicoke business?
Current or years behind, the next step is the same: a free 30-minute call, and a fixed price before any work starts. Call (866) 254-5368 or email info@tledgers.ca.
Reviewed by Wajahat Ajmal, CPA, FCCA. Last updated: October 16, 2026. Official sources checked October 2026.