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PricingService areasAll services →Catch-Up Bookkeeping Investment Estimator
Catch-Up Bookkeeping Investment Estimator
Is your corporation a year or more behind on its books, GST/HST returns or T2? Answer a few questions about the years behind, your revenue and whether you carry inventory, and the estimator shows the typical per-year investment to get caught up. Catch-up work starts from $1,800 per year of catch-up work + HST/GST, and it’s usually done in weeks.
T-Ledgers is a CPA-led accounting firm practising since 2020, led by Wajahat Ajmal, CPA, FCCA. Your exact price is fixed in writing on a free call before any work starts.
Last updated: October 15, 2026
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2
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Your approximate annual sales before expenses (CAD).
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Stock you buy and resell, or materials you track.
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Simple T1 from $110 + HST/GST each, per year.
Most businesses like yours invest about
$0
per year + HST/GST
Estimated total for 2 years$0
Including 13% HST
Sole proprietor or individual?
We'll quote you on a quick call
Every personal situation is different, so we price it with you.
Book a free 30-min call and get your exact fixed price in writing
Book a call for your exact fixed price, often lower than this estimate.
Book a Free 30-Min Call- Fixed, written price
- Caught up in weeks, usually
- Bookkeeping, GST/HST returns and T2 filing included
Your exact fixed price is confirmed in writing on your free call. Multi-year catch-ups get a discount, confirmed on your free call.
See the year-by-year range
| Year | Revenue | Estimated range |
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How the estimator works
- Choose your business type. The estimator prices corporations. Sole proprietors and individuals get a quote on a quick call, because personal situations vary too much for a formula.
- Set how many years you’re behind, from 1 to 10.
- Enter your gross revenue, either the same for every year or a different amount for each year.
- Tell us whether you carry inventory, and add any shareholder personal returns (T1) you’d like included.
- See your range: a typical per-year investment, a total for all the years, and a year-by-year breakdown. Then book a free call to get your exact fixed price in writing.
What each year of catch-up includes
Every year we catch up is a complete year, so you come out compliant, not halfway there.
- Bookkeeping rebuilt from your bank and credit card statements, with every account reconciled
- Year-end adjustments and financial statements
- The GST/HST returns for that year, prepared and filed
- The T2 corporate tax return for that year, prepared and filed
- A fixed, written price before any work starts, so there are no surprise bills
Personal T1 returns for shareholders are quoted separately. Once you’re caught up, most clients move onto a monthly bookkeeping plan so they don’t fall behind again.
What drives your investment range
Corporate catch-up is priced per year of work, from $1,800 per year of catch-up work + HST/GST. Every year includes the bookkeeping, the GST/HST returns and the T2. Personal T1 returns for shareholders are quoted separately.
Where your price lands above that starting point depends on three things:
- Revenue: more sales usually means more transactions to rebuild and reconcile
- Number of accounts: each bank and credit card account has to be reconciled for every year
- Complexity: things like inventory, payroll or messy and missing records add work
Multi-year catch-ups get a discount. The estimator gives you an estimate. On a free call we review your records and give you a fixed, written quote before any work starts, so there are no surprise bills.
Why catching up sooner matters
Every month a return stays unfiled, the CRA’s charges grow. A late T2 with tax owing gets a penalty of 5% plus 1% a month, up to 12 months (Income Tax Act, s.162(1)), and 10% plus 2% a month, up to 20 months, if the CRA sent a demand and you had a late-filing penalty in any of the three previous years (s.162(2)). Interest at the prescribed rate, 7% for October to December 2026, is compounded daily (s.161, s.248(11)). Late GST/HST returns add 1% plus 0.25% a month, up to 12 months (Excise Tax Act, s.280.1).
If you come forward before the CRA contacts you about the issue (a general education letter doesn’t count), the Voluntary Disclosures Program normally waives 100% of penalties and 75% of interest for applications received on or after October 1, 2025. See what’s at stake with our CRA penalty and VDP savings calculator, or read about our voluntary disclosure service.
How long it takes
Catch-up is usually done in weeks. How fast depends on how many years are behind and how quickly we get your bank and credit card statements. We file the overdue T2 returns and GST/HST returns as each year is finished, so the oldest penalties stop growing first. Learn more on our catch-up bookkeeping page.
Sources
Law and CRA guidance: ITA s.162(1) and (2); ITA s.161(1); ITA s.248(11); ETA s.280.1; IC00-1R7; CRA prescribed interest rates, Q4 2026.
Reviewed by Wajahat Ajmal, CPA, FCCA. Official sources checked October 14, 2026.
Frequently asked questions
How much do businesses invest in catch-up bookkeeping?
For corporations, T-Ledgers starts from $1,800 per year of catch-up work + HST/GST, and each year includes the bookkeeping, GST/HST returns and T2. Your price depends on your revenue, the number of bank and credit card accounts, and how complex your records are. The estimator gives an estimate, and a free call gets you a fixed, written quote.
What does each year of catch-up include?
The bookkeeping for that year, the GST/HST returns and the T2 corporate tax return, all prepared and filed. Personal T1 returns are quoted separately.
Is there a discount if I'm several years behind?
Yes. Multi-year catch-ups get a discount, which we confirm on your free call along with your fixed, written price.
How long does catch-up bookkeeping take?
It’s usually done in weeks. The timeline depends on how many years are behind and how quickly we receive your bank and credit card statements.
Can sole proprietors use the estimator?
The estimator prices corporations. Sole proprietors and individuals get a quote on a quick call, because personal situations vary too much for a formula.
Will the CRA penalize me for the years I'm behind?
If tax is owing, yes. Late T2 returns get 5% plus 1% a month, up to 12 months, and interest is compounded daily. Applying to the Voluntary Disclosures Program before the CRA contacts you about the issue (a general education letter doesn’t count) can normally remove 100% of penalties and 75% of interest for applications received on or after October 1, 2025.
Is the estimate my final price?
No. It’s a range based on our standard pricing. After a short review of your records on a free call, we confirm your exact fixed price in writing before any work starts.
More questions? See our catch-up bookkeeping FAQs or our general FAQ.
Get your exact catch-up price in writing
Book a free 30-minute call. We’ll review what’s missing, confirm your fixed price per year with any multi-year discount, and map out how we get you caught up. 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.
Disclaimer: The articles, calculators and other content on this website are general information only, not tax, accounting, legal or financial advice. Calculator results are estimates based on the rates and assumptions shown and may not match your situation. Tax rules change and depend on your province, business structure and the facts of your case, so speak with a CPA, and a lawyer where legal matters are involved, before acting. T-Ledgers accepts no liability for decisions made based on this information. Book a free consult with T-Ledgers.