Frequently Asked Questions

Yes, we prepare T1 personal tax returns for individuals, including employment income, rental income,
investment income, capital gains, RRSP contributions, and more. We ensure you claim all eligible
deductions and credits to maximize your refund.

Absolutely. We file T2 corporate tax returns for incorporated businesses and ensure full compliance
with CRA deadlines. Our corporate tax services include tax planning, deduction optimization, and
strategic advice to minimize your tax liability.

Yes, we prepare business income statements (T2125) for sole proprietors, freelancers, and
self-employed professionals. We help you track business expenses, claim home office deductions,
and ensure accurate reporting of business income.

Yes, we can file personal or business tax returns for multiple prior years—up to 10 years back.
Whether you missed a few years or haven’t filed at all, we’ll help you catch up, minimize penalties
where possible, and handle all CRA correspondence on your behalf.

Personal tax returns are due April 30th each year (or June 15th if you’re self-employed). However,
any taxes owing must still be paid by April 30th to avoid interest charges. We recommend filing early
to receive your refund faster and avoid last-minute stress.

Yes, we represent clients during CRA audits, reviews, and disputes. We gather supporting documentation,
respond to CRA requests, negotiate on your behalf, and help resolve issues efficiently to minimize
penalties and interest charges.

We record all financial transactions, categorize expenses, reconcile bank and credit card accounts,
generate monthly financial reports (Profit & Loss, Balance Sheet), manage accounts receivable/payable,
and ensure your books are audit-ready and CRA-compliant.

Yes! We specialize in bookkeeping cleanup and catch-up services. Whether your books are behind by
months or years, we’ll organize everything, correct errors, reconcile accounts, and bring your
financial records up to date for tax filing or financial reporting.

We work with QuickBooks Online, QuickBooks Desktop, Xero, Sage, FreshBooks, Wave, and other popular
accounting platforms. We can also help you choose and set up the right software for your business needs.

We recommend monthly bookkeeping to stay organized and make informed business decisions. However,
we offer flexible options including weekly, bi-weekly, quarterly, or annual catch-up services depending
on your business size and needs.

Yes, we prepare and file HST/GST returns (monthly, quarterly, or annually) based on your reporting
period. We ensure accurate calculations, proper input tax credit claims, and timely remittances to
CRA to avoid penalties.

Yes, we manage complete payroll processing including calculations, source deductions (CPP, EI, income tax),
CRA remittances, ROEs (Records of Employment), T4/T4A preparation, and year-end filing. We handle
everything so you can focus on your business.

Absolutely. We follow all CRA regulations and remit payroll deductions on time to keep your business
in good standing. We stay updated on changing tax rates, employment standards, and compliance
requirements to ensure accuracy.

We can typically set up payroll within 3-5 business days after receiving your employee information
and business details. Rush setup is available for urgent situations. We’ll handle CRA payroll account
registration if you don’t have one yet.

Yes, we track and calculate vacation pay accrual, statutory holiday pay, overtime, bonuses, and
benefits. We ensure all amounts are correctly calculated according to Ontario Employment Standards
Act requirements and your company policies.

Our incorporation service is $399, which includes federal or provincial incorporation, business number
application, initial minute book setup, and CRA program account registration. Government fees are
additional and vary by jurisdiction.

Sole proprietorship ($189) is simpler and less expensive, ideal for low-risk businesses with modest
income. Incorporation ($399) offers liability protection, tax advantages, and professional credibility.
We provide free consultation to help you choose the best structure for your situation.

Yes, we register businesses for GST/HST numbers when required (mandatory for businesses earning over
$30,000 annually). Registration is included in our business registration packages, and we advise on
optimal timing for voluntary registration.

Sole proprietorship registration typically takes 1-2 business days. Federal incorporation takes 3-5
business days, while provincial incorporation may take 7-10 business days depending on government
processing times. We handle all paperwork and filings for you.

A Minute Book is a legal record required for all incorporated businesses in Ontario and Canada. It
contains your articles of incorporation, bylaws, resolutions, meeting minutes, director/shareholder
registers, and share certificates. Yes, you legally need one.

Yes, we can organize, update, or completely restore your Minute Book to ensure it’s legally complete
and compliant. Whether it’s missing documents, outdated records, or needs annual updates, we handle
everything professionally.

Banks require it for business loans, investors need it for due diligence, CRA may request it during
audits, lawyers need it for business sales, and it’s essential for adding shareholders or making
corporate changes. Having a complete, organized Minute Book is crucial for professional credibility.

Initial Minute Book setup ranges from $500-$1,500 depending on complexity. Annual maintenance starts
at $300/year. Restoration services vary based on how much work is needed. Contact us for a free
assessment and custom quote.

Yes, we create professional business plans for startups, financing applications, investor presentations,
immigration programs, and internal strategic planning. Each plan includes comprehensive market research,
competitive analysis, and detailed financial projections.

Yes, we prepare investor-ready and lender-ready business plans with detailed financial projections,
market research, competitive analysis, and funding requirements. Our plans are designed to meet bank
and investor expectations, significantly improving your chances of approval.

Business plan costs vary based on complexity and purpose. Startup plans typically range from $1,500-$3,500,
while comprehensive financing or expansion plans range from $3,500-$7,500+. We provide custom quotes
after a free consultation to understand your specific needs.

Most business plans are completed within 2-4 weeks from initial consultation to final delivery, depending
on complexity and how quickly you provide information. Rush service (1-2 weeks) is available for urgent
financing deadlines or time-sensitive opportunities.

Yes, we help register trademarks with the Canadian Intellectual Property Office (CIPO), including
comprehensive trademark searches, application preparation and filing, monitoring, and renewal reminders.
We also handle opposition proceedings if needed.

The trademark registration process usually takes 8-12 months from filing to registration, though it
can take longer for complex cases or if there are objections. We monitor your application throughout
and handle all CIPO communications to protect your brand.

A comprehensive trademark search identifies potential conflicts with existing marks, reducing the risk
of application rejection, opposition from other trademark owners, or future legal disputes. It saves
time and money by avoiding problematic applications. We search CIPO databases and common law trademarks.

Yes, we help register trademarks internationally through the Madrid Protocol system, which allows
protection in multiple countries through a single application. We also assist with direct foreign
trademark applications in specific countries where needed for your business expansion.

We accept e-transfer (Interac), credit cards (Visa, MasterCard, Amex), debit cards, and business
cheques. All invoices include clear payment instructions for your convenience. Payment details are
provided when services are completed.

Payment is due upon completion of services or as outlined in your engagement letter or monthly service
agreement. For ongoing services like bookkeeping or payroll, we offer convenient monthly billing.
50% deposits may be required for large projects like business plans.

Most services are completed within 5-10 business days depending on complexity and season. Tax returns
during peak season may take 7-14 days. Business registrations take 1-10 days. Business plans take 2-4
weeks. Rush service is available when needed for urgent situations.

Yes, our services are 100% virtual. You can upload documents securely, receive reports electronically,
and meet with us online via phone or video call. We serve clients across Canada from our Richmond Hill
office. In-person meetings are also available by appointment.

Yes, you can book phone or video consultations with our team no matter where you’re located in Canada.
We use secure video conferencing platforms and can meet at times convenient for your schedule, including
evenings and weekends by appointment.

We use secure upload portals (Gravity Forms) and encrypted email to protect your sensitive information.
You’ll receive clear instructions and a secure link when you start working with us. All data is stored
on encrypted servers with industry-standard security measures.

Yes! Our partner BooBoo Digital shares our Richmond Hill office and provides expert
web design, SEO, Google Ads, social media marketing, branding, and digital strategy services. They
specialize in helping small businesses establish and grow their online presence.

Yes! We work closely with BooBoo Digital to provide integrated service packages—perfect
for startups or growing businesses that need both financial management and marketing support. Contact us
to discuss bundled pricing options.