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Services
Get caught up
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
IncorporationFrom $499 + gov feesVirtual CFOFrom $2,500/monthAI Consulting & AutomationFor small businessesIndustries
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PricingService areasAll services →Accountant in Guelph
CPA-Led, Flat-Rate Accounting and Tax for Guelph Businesses
T-Ledgers is a CPA-led accounting firm serving Guelph businesses, farms and agri-food firms, manufacturers, landlords and self-employed people. We do bookkeeping, catch-up work, corporate (T2) and personal (T1) tax, HST, payroll, SR&ED claims and Ontario incorporation on flat fees quoted before we start.
- CPA, FCCA · CPA Ontario #77000292
- Flat fees, no surprise bills
- Remote service across Guelph and Wellington County
Wajahat Ajmal, CPA, FCCA | CPA Ontario member #77000292 (verify my licence) | Flat fees, no surprise bills | Reply within one business day | QuickBooks Online, Xero and Dext | Read our Google reviews
Guelph punches above its size. Advanced manufacturing and auto parts plants in the Hanlon Creek and northwest industrial parks, a deep agri-food and life sciences cluster around the University of Guelph, and a busy downtown of restaurants, craft breweries and independent shops. Owners here often need two things from an accountant: tidy monthly books and someone who understands research credits and equipment-heavy balance sheets.
I’m Wajahat Ajmal, CPA, FCCA. We work with Guelph clients by phone, video and email, with cloud bookkeeping in QuickBooks Online or Xero. If you would rather meet in person, our offices in Mississauga and Etobicoke are available by appointment.
On this page: Services and prices · Guelph rules · Ontario tax · Voluntary disclosure · Why T-Ledgers · FAQ
Accounting services and prices for Guelph businesses
Every service is quoted at a flat rate before we start. These are starting prices, + HST/GST. You get the exact figure in writing after a free call.
← 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. |
Most incorporated Guelph clients take monthly bookkeeping plus a T2, with the owner’s T1 alongside. GST/HST returns on their own are $150 per return. See all packages and pricing.
Guelph rules that show up in your books
Guelph is a single-tier city, with public health provided by Wellington-Dufferin-Guelph Public Health. Here is what comes up most, alongside Ontario and the CRA. (Official sources checked October 2026.)
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| Rule | Who it affects | Official source |
|---|---|---|
| City of Guelph business licences | Guelph's Business Licence By-law covers food establishments, catering businesses, outdoor food sales, personal service establishments, bed and breakfasts, public halls and other categories. Food and catering licences expire on December 31 each year and need a health inspection to renew. Licence fees are a deductible business cost. | City of Guelph business licences |
| WDG Public Health | Anyone opening a food business in Guelph must contact Wellington-Dufferin-Guelph Public Health before opening and file a Notice of Intent to Operate a Food Premises. | WDG Public Health food premises |
| No municipal land transfer tax | Buyers of Guelph property pay Ontario land transfer tax only (plus Ontario's non-resident speculation tax for foreign buyers). | Ontario land transfer tax |
Law: Municipal Act, 2001 s.151(1) (business licensing); 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 Guelph 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. | 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 |
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 are a few years behind, you are not unusual, and it is fixable. We start with your bank and credit card statements, rebuild the oldest year first, then file what is 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. Penalties and interest keep growing until you file, so waiting rarely helps.
Catch-up work starts from $1,800 per year + HST/GST. See catch-up bookkeeping, back tax filing and a real file in our catch-up case study.
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 Guelph 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).
Why Guelph 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 or 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 Guelph 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 or Mississauga office by appointment | In person, usually office hours | None |
Who we work with in Guelph
- Manufacturers and auto parts suppliers: inventory, equipment CCA, payroll and SR&ED. See accountant for manufacturing companies.
- Agri-food, ag-tech and life sciences firms: research tracking and end-to-end SR&ED claims, including software development.
- Restaurants, cafés and craft breweries: point-of-sale reconciliations, tips, payroll and HST.
- Landlords with student rentals near the university: rental schedules, capital cost allowance and holding companies.
- Construction and trades: T5018 slips and job costing. See accountant for construction companies.
- Self-employed people and graduate students: T2125 income, HST registration and tuition credits.
Hiring your first employee? Our payroll page explains source deductions, WSIB and EHT in plain language.
How it works
- Free 30-minute call. What is filed, what is not, and what you need. Straight answers even if you do not hire us.
- Fixed quote in writing. If the scope changes later, we agree the new price with you before doing the extra work.
- Secure onboarding. We connect your bank feeds, set up or take over QuickBooks Online or Xero, and get you on Dext so receipts go in with a photo.
- Monthly and year-end delivery. Books kept current, HST filed on time, and your 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
No. We work with Guelph clients by phone, video and email. If you would rather meet in person, our Mississauga and Etobicoke offices are available by appointment.
Our flat fees are the same across Ontario: catch-up bookkeeping from $1,800 per year, bookkeeping from $350 a month (quarterly; monthly from $500), a student T1 for $49, a regular T1 from $110, a sole proprietor T1 with T2125 from $300, a T2 from $800, GST/HST returns at $150 each and incorporation from $499 plus government fees. Payroll and SR&ED claims are quoted after consultation. All prices are + HST/GST, and you get the exact figure in writing before we start.
Yes. Ontario or federal incorporation starts from $499 plus government fees and HST. Minute book maintenance is $500 a year plus HST/GST and includes your Ontario annual return.
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.
Yes. Food establishments need a City of Guelph business licence, renewed by December 31 each year with a health inspection, and you must notify WDG Public Health before opening.
The rent is income on your return, and you can deduct the related costs, including a share of the home if you live there. We keep it on a rental schedule and advise on whether to claim capital cost allowance.
Yes, it is our speciality. We rebuild the books from bank statements, file the overdue HST returns and T2s in the right order (personal T1 returns are quoted separately), and deal with any CRA letters. Catch-up work starts from $1,800 per year + HST/GST.
From July 1, 2026, a Canadian-controlled private corporation pays 11.2% combined (9% federal plus 2.2% Ontario) on the first $500,000 of active business income, prorated for tax years that straddle July 1.
Once your taxable revenue passes $30,000 in a single calendar quarter or over four consecutive quarters. You can register voluntarily before that, which lets you claim input tax credits on your costs.
Most Ontario businesses that hire workers must register with WSIB within 10 days of hiring their first worker, though some industries are exempt. Our payroll service includes WSIB reporting.
Yes. Ontario clients pay 13% HST on top of our fees. If your business is HST-registered, you can usually claim it back as an input tax credit.
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 Guelph business?
Current or years behind, the next step is the same: a free 30-minute call, and a fixed price in writing before any work starts. Book online, 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.