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Catch-Up Bookkeeping in Richmond Hill
CPA-led catch-up bookkeeping for Richmond Hill businesses that have fallen behind. From $1,800 a year with the T2 included, usually done in weeks.
- CPA-led by Wajahat Ajmal, CPA, FCCA (verify on CPA Ontario)
- Price matching, when agreed before you sign our proposal
- No surprise bills: the price is fixed before we start
- We usually get catch-up bookkeeping done in weeks
- We reply mostly within one business day
- 24/7 receptionist, a real person answers
Last updated: October 15, 2026
Catch-up bookkeeping for Richmond Hill businesses
Richmond Hill owners who fall behind are often busy professionals rather than struggling businesses. A physician or dentist focused on patients, an engineering consultant billing long hours, or a family running a restaurant on Highway 7 can go a year or two without anyone reconciling the books, and the gap usually surfaces when the accountant asks for year-end numbers or the CRA sends a letter.
I’m Wajahat Ajmal, CPA, FCCA. T-Ledgers is a CPA-led accounting firm practising since 2020. We work with Richmond Hill clients by phone, video and email. If you’d rather meet in person, our Mississauga office at 100 Matheson Blvd E, Suite 204 is available by appointment.
Local rules we check in Richmond Hill
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| Local rule or situation | What it means for a catch-up | Official source |
|---|---|---|
| Health care practices | For a practice that is behind, we rebuild exempt and taxable revenue separately so the overdue HST returns claim ITCs only on the taxable side. | CRA P-256: qualifying health care supplies |
| York Region Public Health | Food businesses opened or renovated during the missing years often paid for equipment personally. We find those costs and record them in the business. | York Region food premises operators |
| City of Richmond Hill business licences | Licence fees paid in the missing years are picked up from the statements and deducted in the right year. | Richmond Hill business licences |
Law: Excise Tax Act Sch. V, Part II (exempt health care services); Municipal Act, 2001 s.151(1) (business licensing); Excise Tax Act s.225(4) (time limit for claiming ITCs).
Where Richmond Hill files usually fall behind
The most common Richmond Hill catch-up is a professional corporation where personal and practice spending ran through the same card, and the shareholder loan account hasn’t been reconciled in years. We rebuild each year from statements, separate personal items, and settle the shareholder loan so the corporation’s T2 reflects what really happened.
Tech consultancies in Beaver Creek are the next group: invoices issued from one system, payments received in another, and HST charged but not always remitted. We match receipts to invoices, rebuild the HST by period and file the missing returns in order. If the business needs a reset afterwards, the City’s Small Business Enterprise Centre offers free consultations.
A typical Richmond Hill catch-up
An illustrative example (not a client story). A Richmond Hill physiotherapy clinic is 18 months behind. Insurer deposits arrive in batches, patients pay by card and debit, and some months the owner paid the rent personally. We rebuild revenue from the clinic software and bank deposits, record the rent as a shareholder loan, split exempt treatment from taxable product sales and file the overdue HST returns. Both years’ T2s are included in the per-year price; the owner’s personal T1s are quoted separately.
What the catch-up covers
- Missing months rebuilt and reconciled
- Overdue GST/HST returns filed
- Overdue T2 filed for each year
- Usually done in weeks
Corporate catch-up is priced per year, and personal T1 returns are quoted separately. Full process: our catch-up bookkeeping page.
Law: Income Tax Act s.230(1) (records and books); Income Tax Act s.162(1) (failure to file penalty); Income Tax Act s.220(3.1) (waiver of penalty or interest); Excise Tax Act s.238(1) (GST/HST returns); Excise Tax Act s.88 (GST/HST waiver of penalty or interest).
Catch-up pricing in Richmond Hill
← Swipe to compare →
| Item | Price |
|---|---|
| Corporate catch-up, per year | ✓From $1,800 a year: bookkeeping, GST/HST returns and the T2 included |
| More than one year behind | From $1,800 for each year, fixed quote after a free review |
| Personal T1 returns | Quoted separately |
| Ongoing bookkeeping afterwards | ✓From $350/month (quarterly); monthly bookkeeping from $500/month |
CAD, + HST/GST. Details: catch-up pricing.
More for Richmond Hill businesses
- Accountant in Richmond Hill
- Catch-up bookkeeping
- Bookkeeping in Richmond Hill
- GST/HST in Richmond Hill
- Corporate tax in Richmond Hill
Reviewed by Wajahat Ajmal, CPA, FCCA. Official sources checked October 2026.
Catch-up bookkeeping in Richmond Hill: FAQs
My practice mixes personal and business spending. Can you untangle it?
Yes. We go through the statements line by line, move personal items to the shareholder loan account and give you a clear balance at each year-end.
Do you deal with the CRA while my books are being rebuilt?
Yes. Once you authorize us as your representative, we contact the CRA, explain the timeline and handle requests until the returns are filed.
How much does catch-up bookkeeping cost in Richmond Hill?
Corporate catch-up is priced per year, from $1,800 + HST/GST. Each year includes the bookkeeping, the GST/HST returns and the T2 filing. Personal T1 returns are quoted separately, and you get a fixed quote after a free review.
How long does a catch-up take?
We usually get catch-up bookkeeping done in weeks. The timeline depends on how far behind you are and how quickly we receive your statements.
More questions? See our catch-up bookkeeping FAQs or our general FAQ.
Ready to get caught up?
Book a free 30-minute call and get a fixed price, mostly within one business day. If you have a lower written quote for the same work, show it to us before you sign the proposal and we’ll match it.
Call (866) 254-5368 or email info@tledgers.ca. A 24/7 receptionist answers, so a real person picks up.