About UsPricingReviewsContact UsClient Portal loginBook a Free 30-Min Call
About UsPricingReviewsContact UsClient Portal loginBook a Free 30-Min Call
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
Construction & tradesConsultantsTech startupsReal estateHealthcareSee all industries →More
PricingService areasAll services →CPA-Led Accounting, Bookkeeping and Tax Services Across Prince Edward Island
Flat-rate accounting and tax for Prince Edward Island businesses
T-Ledgers is a CPA-led accounting firm. Our team does bookkeeping, corporate (T2) and personal (T1) tax, HST, payroll and virtual CFO work for small businesses and self-employed people across Prince Edward Island. You get a flat fee in writing before we start. Call (866) 254-5368 or book a free 30-minute call.
- CPA Ontario member #77000292
- Flat fees, no surprise bills
- 24/7 receptionist, a real person answers
CPA Ontario member #77000292 | 5.0★ from 29 Google reviews | We'll match a comparable written quote | No surprise bills | Reply within one business day | 24/7 receptionist, a real person answers | QuickBooks Online, Xero and Dext
We work with Prince Edward Island clients entirely online, by phone, video, text or email. Your books live in QuickBooks Online or Xero, receipts go in through Dext, and a CPA reviews the file before anything goes to the CRA. You’re on Atlantic time, one hour ahead of Ontario.
Accounting services for Prince Edward Island businesses
Starting prices, all + HST/GST. You get the exact figure in writing after a free call, before any work starts.
- Bookkeeping, from $350/month (quarterly); monthly bookkeeping from $500/month. Reconciliations, HST returns, financial statements and year-end-ready books, reviewed by a CPA.
- Catch-up bookkeeping and back taxes, from $1,800 per year. We rebuild missing years from bank and card statements and file overdue HST returns and T2s in the right order (personal T1 returns are quoted separately), including dealing with CRA letters.
- Corporate tax (T2), from $800. Year-end statements and your T2 with the Prince Edward Island schedules. Prince Edward Island corporate tax is collected by the CRA on the T2, so there’s no separate provincial corporate return. Nil returns from $249.
- Personal tax (T1), from $110, with Prince Edward Island credits included. Simple slips-only returns from $49.
- HST returns, $150 per return. Registration, filing, input tax credit review and catch-up on missed returns.
- Payroll, quoted on the call. Pay runs, CRA source deductions, T4s and ROEs, set up to Prince Edward Island employment standards.
- Virtual CFO, from $2,500/month. Cash-flow forecasts, budgets, KPIs and regular strategy sessions with a CPA.
About our fees: Prince Edward Island clients pay 15% HST on our fees and nothing else, because accounting services carry no separate provincial sales tax there. If you’re registered, you can usually claim it back as an input tax credit. Current rates: CRA GST/HST rates page.
Incorporation: we only offer incorporation to Ontario businesses. If you’re setting up a Prince Edward Island corporation, we can take over as soon as it’s registered.
Why Prince Edward Island owners work with T-Ledgers
Some files are tidy. Others have a T2 that went in three years ago and CRA letters in the inbox. Our team takes on both, with a CPA reviewing every file, and you get the price in writing first.
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 or video
We meet remotely with clients anywhere in Prince Edward Island. If you are visiting Ontario, you can 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, which is 10 a.m. to 9 p.m. and 11 a.m. to 5 p.m. Atlantic time.
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 |
Prince Edward Island tax rules that come up most
Where a figure changes often, we link the government page. If the government page and this summary ever disagree, the government page wins. Official sources checked October 2026.
- Sales tax: 15% HST. PEI charges 15% HST: 5% federal plus 10% provincial. HST is one tax filed with the CRA on one return, so there’s no separate provincial sales tax registration. Current rates: CRA GST/HST rates page.
- Corporate tax. A Canadian-controlled private corporation pays 1% provincial tax on the first $600,000 of active business income (raised from $500,000 on July 1, 2025): 10% combined up to $500,000 and 16% from $500,000 to $600,000. Income above the limit is taxed at the 15% provincial general rate (reduced from 16% on July 1, 2025) plus the federal 15%, for 30% combined. PEI’s 1% small business rate is one of the lowest in Canada. Passive investment income over $50,000 a year grinds down the small business limit. Sources: CRA provincial and territorial corporation tax and our corporate tax rates guide.
- Personal tax brackets. PEI moved to a bracket system in 2024 and added a sixth bracket for 2026, with rates from 9.5% to 20% on income over $200,000 (see CRA’s current provincial and territorial tax rates for the thresholds). PEI’s basic personal amount has been rising each year. Source: CRA income tax rates for individuals.
- Corporate Registry. PEI corporations file an annual return with the Corporate Registry. Details: PEI Corporate and Business Registry.
- Workers’ compensation. Most PEI employers must register with the Workers Compensation Board of PEI. Details: WCB PEI.
- More from the province: PEI Department of Finance.
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); Employment Standards Act, RSPEI 1988, c.E-6.2.
Prince Edward Island cities we serve
We work remotely with businesses and self-employed people across Prince Edward Island, including:
- Charlottetown: accountant in Charlottetown
We also work with clients in Summerside, Stratford, Cornwall, Montague and rural PEI. If you have an internet connection, we can work with you.
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 PEI 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.
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).
Who we work with in Prince Edward Island
- Tourism and hospitality. Seasonal restaurants, inns and short-term rentals, with HST on accommodation and cash that comes in over a few summer months.
- Agriculture and fisheries. Farm and fishing income, equipment CCA and seasonal payroll.
- Self-employed people. T2125 income, HST registration once you cross $30,000, and instalments.
See all industries and service areas.
How it works
- Free 30-minute call. We look at what’s filed and what isn’t.
- Fixed quote. A flat price in writing.
- Secure onboarding. Bank feeds, QuickBooks Online or Xero, and Dext.
- Monthly and year-end work. Books current, returns on time, T2 and T1 at year-end.
Meet your CPA
Wajahat Ajmal, CPA, FCCA, Founder
I started in audit at KPMG, where I learned 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) 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
“Great experience with T Ledgers. Professional and knowledgeable. Helped me with my businesses book keeping, consulted me on business strategy, and filed my taxes”
Dean Hanley, Google review
Read all our Google reviews or see our case studies.
Frequently asked questions
Yes. PEI corporate and personal tax go through the CRA on the T2 and T1 with the PEI schedules, and HST is filed with the CRA as well.
Our flat fees are the same everywhere: bookkeeping from $350 a month (quarterly; monthly from $500), catch-up work from $1,800 per year, personal returns from $110 ($49 for a simple slips-only return), corporate returns from $800, nil T2s from $249 and Virtual CFO from $2,500 a month. Payroll is quoted after a short call. PEI clients pay 15% HST on top of our fees. You get the exact figure in writing before we start.
Yes. PEI clients pay 15% HST on top of our fees. If your business is registered for GST/HST, you can usually claim it back as an input tax credit.
Yes to the first. Send a comparable written quote from another Canadian CPA or bookkeeping firm for the same work and we’ll match it. We reply within one business day, and a 24/7 receptionist answers the phone, so a real person picks up.
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.
15%: 5% federal and 10% provincial, filed with the CRA on one return.
Often, yes. Once your taxable supplies go over $30,000, short-term accommodation is generally subject to HST, and platforms may collect some of it for you. We sort out what you owe and what the platform already paid.
We only offer incorporation in Ontario. Once your PEI corporation is registered, we can take over the books, payroll accounts, HST and your T2.
PEI charges 1% on the first $600,000 of active business income (raised from $500,000 on July 1, 2025), plus the federal 9%. The general rate is 15%, still among the higher rates in Canada, so planning around the $600,000 limit matters.
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.
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.
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 a CPA about your Prince Edward Island business?
Whether you’re current or a few years behind, start with a free 30-minute call. You’ll have a fixed price before any work starts. Book online, call (866) 254-5368 or email info@tledgers.ca.
Phone: (866) 254-5368. Hours: Monday to Friday 9 a.m. to 8 p.m. ET, Saturday 10 a.m. to 4 p.m. ET. 24/7 receptionist, a real person answers.
Related: Ontario accounting | Manitoba accounting | All service areas
Reviewed by a T-Ledgers CPA. Last updated: October 16, 2026. Tax figures checked October 12, 2026. Official sources checked October 2026.