CPA-Led Accounting, Bookkeeping and Tax Services Across Ontario

Flat-Rate Accounting for Ontario Businesses, From Etobicoke to Thunder Bay

T-Ledgers is a CPA-led accounting firm with offices in Etobicoke and Mississauga. We do bookkeeping, corporate (T2) and personal (T1) tax, HST, payroll and incorporation for small businesses and self-employed people all over Ontario. Every job gets a flat fee before we start, and catching up years of overdue books and unfiled returns is what we’re known for.

See our flat-rate pricing or call (866) 254-5368.

CPA Ontario member #77000292

Flat fees, no surprise bills

Offices in Etobicoke and Mississauga

Most of our Ontario clients never come to the office, and they don’t need to. We work in the cloud and talk by phone, video, text or email, so it makes no difference whether you’re in Brampton, Hamilton, Ottawa or Thunder Bay. If you’re in the GTA and would rather sit across a table, book a meeting at either office.

Accounting services for Ontario businesses

Prices are starting points and exclude HST/GST. You get the exact figure after a free call.

Bookkeeping, from $350/month (quarterly); monthly bookkeeping from $500/month. Monthly or quarterly reconciliations, HST filing, financial statements and year-end-ready books, reviewed by a CPA.
Catch-up bookkeeping and back taxes, from $1,800 per year. Missing books rebuilt from your bank and credit card statements. Overdue HST returns and T2s filed in the right order, and CRA letters handled for you. Personal T1 returns are quoted separately. You get a fixed quote once we’ve seen what’s missing.
Corporate tax (T2) and HST, from $800. Year-end financial statements and your T2, prepared and planned by a CPA. Nil returns for inactive corporations start at $249.
Personal tax (T1), from $110. Employees, self-employed people, landlords and owner-managers. Simple slips-only returns start at $49.
Payroll, quoted on the call. Pay runs, CRA source-deduction remittances, T4s, ROEs and Ontario EHT.
Incorporation, from $499 plus government fees. Ontario or federal incorporation, a numbered or named company, plus your CRA business number, HST and payroll accounts.
Virtual CFO. Cash-flow forecasts, budgets, KPIs and strategy sessions with a CPA, without paying for a full-time CFO.

Most incorporated clients take bookkeeping plus a T2, with the owner’s T1 done alongside. Our business tax filing page explains how the pieces fit together.

Incorporating in Ontario

We only offer incorporation to Ontario businesses. If most of your sales are in Ontario, an Ontario corporation under the Business Corporations Act is usually simpler and cheaper to keep up. The provincial filing fee is $300, and a named company needs an Ontario NUANS name search (a numbered company doesn’t). If you plan to operate in several provinces, a federal corporation ($200 government fee online) protects your name across Canada, but you’ll also have to register in each province where you do business.

Our fee is $499 plus government fees for incorporation only, or $999 plus government fees with full legal documents such as the minute book and share certificates. Minute book maintenance is $500 a year. All our prices are + HST/GST. Not sure you should incorporate yet? Read sole proprietorship vs corporation and federal vs provincial incorporation, or ask me on the call.

Law: Ontario Business Corporations Act s.4 (articles of incorporation); Corporations Information Act s.3.1 (annual return).

Why Ontario owners work with T-Ledgers

Lots of accountants are happy to take on a tidy file. Fewer want the one where the last T2 went in three years ago and there’s an HST notice sitting on the kitchen counter. I built T-Ledgers for both kinds of client. I’m Wajahat Ajmal, a CPA, and I review every file before anything goes to the CRA.

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 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.

We also match prices: send a comparable written quote from another Canadian CPA or bookkeeping firm for the same work and we will match it. A 24/7 receptionist answers the phone, so a real person picks up.

How T-Ledgers compares

What you get	DIY software	Typical local firm	T-Ledgers BEST VALUE
Flat fee in writing before work starts	✓ (software only)	Often hourly	✓Included
CPA reviews every file	✗	Varies	✓Included
HST returns	You file it	Varies	✓$150/return
Catch-up of missed years	✗	Varies	✓from $1,800 per year
A real person answers 24/7	✗	Office hours	✓Included
Reply within one business day	✗	Varies	✓Included
Price match before you sign	✗	Rarely	✓Included
Fully online, no office visits needed	✓	Sometimes	✓Included

Ontario tax rules that come up most

Tax rules change, so where a figure moves often I link the live government page instead of just quoting a number. Every link below was checked October 2026. If a page and this summary ever disagree, the government page wins, and we’ll confirm the current figure for your situation on the call.

HST is 13% in Ontario. You charge 13% on most taxable sales to Ontario customers. Sales to other provinces follow the place-of-supply rules: 5% GST in Alberta, 15% HST in New Brunswick, Newfoundland and Labrador and PEI, and 14% in Nova Scotia since April 1, 2025. You have to register once your taxable revenue goes over $30,000 in a single calendar quarter or over four consecutive quarters. See our Ontario HST guide and GST/HST filing deadlines.
Ontario’s small business rate dropped on July 1, 2026. For a Canadian-controlled private corporation, the Ontario rate on the first $500,000 of active business income went from 3.2% to 2.2%. With the federal 9%, that’s 11.2% combined, prorated for tax years that straddle July 1. Income above the limit is taxed at 26.5% combined. Ontario’s official rate table is on ontario.ca (checked October 2026); some older tables online, including the CRA’s, may still show 3.2%. See also our guide to corporate tax rates in Canada.
Employer Health Tax (EHT). EHT is an Ontario payroll tax, separate from CPP and EI. Eligible private employers get a $1 million annual exemption, so most small employers owe nothing. The exemption is shared with associated companies and disappears once the group’s Ontario payroll goes over $5 million. Rates run from 0.98% to 1.95%, and the annual return is due March 15. Current rates and exemption: Ontario EHT guide (checked October 2026).
Two filings, two governments. Your T2 goes to the CRA, which also collects Ontario corporate tax. Your Ontario annual return is a separate filing with the Ontario Business Registry. People mix them up all the time. See annual return vs corporate tax return.
Employment standards. Ontario sets its own rules for vacation pay and public holiday pay, and payroll has to follow them. See vacation pay in Ontario and the province’s Employment Standards Act guide.
Hiring students. Ontario businesses that hire co-op students may be able to claim the Ontario Co-operative Education Tax Credit. See our co-op tax credit guide.
Buying or holding property. For landlords, investors and real estate holding companies, we add land transfer tax to the property’s cost (ACB) and record property-related taxes correctly in the books. Ontario land transfer tax applies across the province. First-time buyers can get a refund of up to $4,000 (Ontario refund rules), and foreign buyers pay Ontario’s 25% Non-Resident Speculation Tax. Toronto is the only Ontario municipality with its own Municipal Land Transfer Tax (MLTT), charged on top of the provincial tax. Since April 1, 2026, the MLTT rates on homes over $3 million are 4.40% ($3M to $4M), 5.45% ($4M to $5M), 6.50% ($5M to $10M), 7.55% ($10M to $20M) and 8.60% over $20M. The bands up to $3M haven’t changed (City of Toronto rates page, checked October 2026). Toronto has its own first-time buyer MLTT rebate; see the City page for the current amount. Since January 1, 2025, Toronto has also charged a 10% Municipal Non-Resident Speculation Tax on foreign buyers, on top of MLTT and Ontario’s 25% NRST. Toronto homeowners have to file a Vacant Home Tax declaration every year, even for a principal residence, and a home that’s declared or deemed vacant is taxed at 3% of its assessed value (deadline and details on toronto.ca). Mississauga buyers pay only the Ontario land transfer tax, and Peel’s planned vacant home tax was paused and isn’t in force. The federal Underused Housing Tax was eliminated from the 2025 calendar year onward, so there’s no return or tax for 2025 or later, but obligations, penalties and interest for 2022 to 2024 still apply (CRA update).

Law: Excise Tax Act s.165(1) (GST imposed); Excise Tax Act s.165(2) (HST in participating provinces); Income Tax Act s.125(1) (small business deduction); Taxation Act, 2007 (Ontario income tax); Employer Health Tax Act s.2(1).

Ontario cities we serve

We have offices in Etobicoke and Mississauga and work remotely with clients everywhere else in Ontario. These local pages cover city-specific rules and our in-person options:

Accountant and bookkeeping in Etobicoke: our main office at 102-89 Skyway Ave, by appointment
Accountant in Mississauga: our office at 100 Matheson Blvd E #204, by appointment
Accountant in Toronto: MLTT, the Vacant Home Tax declaration and City licensing
Bookkeeping services in Toronto: monthly books for Toronto businesses
Accountant in Brampton: trucking, trades and Brampton business licences
Accountant in Oakville: owner-managers, holding companies and Town licensing
Accountant in Hamilton: trades, manufacturers and City of Hamilton licensing

We also work with businesses in Vaughan, Markham, Burlington, Ottawa and the rest of the province. Dedicated pages for more Ontario cities are on the way.

Behind on your books? Start here

If you’re a few years behind, you’re not unusual, and it’s fixable. This is how we work through it:

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 keep growing until you file, so waiting rarely helps. Catch-up work starts from $1,800 per year + HST/GST, with a fixed quote once we’ve seen what’s missing. See back tax filing and a real catch-up file in our 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 Ontario 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(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.

Who we work with in Ontario

Construction and trades: renovators, HVAC and carpenters, with subcontractor T5018 slips, holdbacks and job costing. See HVAC bookkeeping and contractor T-slips.
Trucking and logistics: fuel, equipment CCA and owner-operator setups. See truckers' bookkeeping.
Consultants and professional services, including personal services business risk. The PSB rules are federal (Income Tax Act s.125(7)) and apply anywhere in Canada, but they come up often with incorporated consultants in Toronto and the GTA. PSB income gets no small business deduction, so it’s taxed at the full 44.5% combined federal and Ontario rate, and deductions are limited.
Startups and tech companies: clean books from day one, founder pay and investor-ready statements. See accountant for startups.
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. We go over what’s filed, what isn’t, and what you need. You get straight answers even if you don’t hire us.
Fixed quote. You get a flat price in writing.
Secure onboarding. We connect your bank feeds, set up or take over QuickBooks Online or Xero, and get you on Dext.
Monthly and year-end work. Books kept current, HST filed on time, statements sent, 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. Since then I’ve 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 member of CPA Ontario (#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.

What clients say

“T-Ledgers handled my GST filing and corporate T2 together, which saved me a lot of time coordinating between different people. They understood my business quickly and flagged some bookkeeping gaps I needed to address. Took a lot of stress off my plate and I’ll be using them again.”
Asim Afzal, Google review

      
   T-Ledgers Accounting Inc.
   31 Google reviews 
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   Dan 
 
 
 
 Trustindex verifies that the original source of the review is Google. I highly recommend T-Ledgers. Their communication is exceptional. You won’t have to wait days for a response. Waji really takes his time to explain things in-depth with his clients. He provides the ins and outs behind every major decision. Our corporation was 2 years behind on filings and Waji and his firm got all the work done in a timely manner, as promised.
  
 
      Posted on Google  
   
   Umed Pulotov 
 
 
 
 Trustindex verifies that the original source of the review is Google. Wajahat is absolutely amazing. Very knowledgeable, professional, great customer service. I would highly highly recommend T-ledgers accounting for any accounting needs. 100/10!!
  
 
      Posted on Google  
   
   samer chamseddine 
 
 
 
 Trustindex verifies that the original source of the review is Google. T-Ledgers has been nothing short of exceptional after my previous accountant had me in hot water. Wajahat explained things in detail throughout the whole process and still continues to keep me updated on my files regularly. Would highly recommend T-Ledgers to anyone who appreciates organization and efficiency
  
 
      Posted on Google  
   
   Kushtrim Carpentry 
 
 
 
 Trustindex verifies that the original source of the review is Google. I highly recommend **T Ledger's Accounting**. He has gone above and beyond for me every single time I’ve needed his help. Even when something is urgent or needs to be handled last minute, he gets it done right away and makes sure everything is taken care of properly.

He’s the type of accountant you can genuinely depend on. No matter what situation you’re dealing with, he takes the time to understand it, explains what needs to be done, and handles everything with a high level of professionalism.

Reliable, knowledgeable, responsive, and always willing to help. It’s hard to find someone you can trust to handle important financial and accounting matters, and I’ve had nothing but a great experience with T Ledger's Accounting.

**Beyond highly recommended. If you’re looking for an accountant you can rely on, this is the place to go.**
  
 
      Posted on Google  
   
   Ali Chaudhry 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a great experience working with Wajahat. He was very flexible, accommodating, and helpful with my schedule. He went out of his way to make the process smooth and stress-free. Highly recommend him to any business owner
  
 
      Posted on Google  
   
   hurmat shahid 
 
 
 
 Trustindex verifies that the original source of the review is Google. The client portal T-Ledgers uses makes the whole process much easier than dealing with emails and PDFs back and forth. Document sharing is simple, questions get answered quickly, and you can always see where things stand. It's a modern way of handling accounting and I appreciated that.
  
 
      Posted on Google  
   
   Asim Afzal 
 
 
 
 Trustindex verifies that the original source of the review is Google. T-Ledgers handled my GST filing and corporate T2 together, which saved me a lot of time coordinating between different people. They understood my business quickly and flagged some bookkeeping gaps I needed to address. Took a lot of stress off my plate and I'll be using them again.
  
 
      Posted on Google  
   
   Atif Mahmood 
 
 
 
 Trustindex verifies that the original source of the review is Google. T-Ledgers made filing my corporate taxes straightforward from start to finish. Wajahat was responsive throughout the process and clearly explained what documents I needed to provide and why. The turnaround was reasonable and everything was handled professionally. I'll definitely be coming back next year and would recommend them to any small business owner looking for a reliable accountant.
  
 
      Posted on Google  
   
   Moazzam Afzal 
 
 
 
 Trustindex verifies that the original source of the review is Google. I fully recommend Wajahat for one's tax filing needs. He will explain what he's doing and why, rather than just asking for documents and going silent, ensuring the customer is informed at every stage of the process. He is trustworthy and transparent when it comes to pricing and quality of the work for small business tax needs.
  
 
  
  
 
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Read all our Google reviews or see our case studies.

Frequently asked questions

Do I need an accountant in my own Ontario city?

No. Your accountant needs to know Ontario and federal rules, not live down the street. We work remotely with clients across the province, and GTA clients can meet us in Etobicoke or Mississauga by appointment.

How much does an accountant cost in Ontario?

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 return ($49 for a simple slips-only return), $800 for a corporate return, $249 for a nil T2 and $499 plus government fees for incorporation. Payroll is quoted after a short call. All prices exclude HST/GST. Our guide to what a CPA costs in Ontario has more detail.

Do you charge HST on your fees?

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.

Will you match another firm's price?

Yes. Send us a comparable written quote from another Canadian CPA or bookkeeping firm for the same scope of work and we’ll match it. Once we agree a price, that’s what you pay.

How quickly will you reply?

Within one business day. If something is urgent, like a CRA deadline, say so and we’ll put it first.

Which accounting software do you use?

QuickBooks Online and Xero for the books, and Dext for receipts and bills. If you already use one of them, we take over your file. If not, we’ll set one up.

Do you prepare SR&ED claims for Ontario companies?

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.

Can you incorporate my Ontario business?

Yes. We file Ontario or federal incorporations for Ontario businesses, set up your CRA business number, HST and payroll accounts, and get your books ready before your first sale. It’s $499 plus government fees, or $999 plus government fees with the full minute book and share certificates. HST is extra.

I live in Ontario but earn income in Quebec. Can you help?

We don’t prepare Quebec provincial returns. Quebec runs its own tax system through Revenu Québec. If you have Quebec filings, we’ll tell you on the first call so you can plan for them.

Can you catch up several years of unfiled returns?

Yes, it is our speciality. We rebuild the books from bank statements, file the overdue sales tax 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.

Can you help me use the CRA Voluntary Disclosures Program?

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. The CRA decides each case, so relief is not guaranteed.

I already got a CRA letter. Is it too late for voluntary disclosure?

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.

Ready to talk to an Ontario CPA?

Whether your books are 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.

Etobicoke office
T-Ledgers Accounting Inc.
102-89 Skyway Ave, Etobicoke, ON M9W 6R4
Meetings by appointment only

Mississauga office
T-Ledgers Accounting Inc.
100 Matheson Blvd E #204, Mississauga, ON L4Z 3P8
Meetings by appointment only

Phone: (866) 254-5368. Hours: Monday to Friday 9 a.m. to 8 p.m., Saturday 10 a.m. to 4 p.m.

Reviewed by Wajahat Ajmal, CPA, FCCA. Last updated: October 16, 2026. Official sources checked October 2026.

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.