Accounting for bakeries in Ontario
Bakeries run daily retail sales, wholesale accounts, and ingredient inventory, with a mix of taxable and basic-grocery items that complicates HST.
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taxifi · Bakeries
This month
- Bookkeeping Current
- Payroll & source deductions Filed
- HST Filed
- Year-end tax (T2) On track
The problems we take off your plate
Retail and wholesale, side by side
Counter sales and wholesale accounts are tracked separately so you can see what each channel earns.
Ingredient inventory
Inventory and cost of goods are tracked so your margins are real, not a year-end estimate.
The HST split on food
Taxable and zero-rated basic-grocery items are tracked so your HST returns are accurate.
What’s included
One flat monthly price for incorporated Ontario bakeries. Everything below is in it.
- Retail and wholesale revenue tracked
- Ingredient inventory and cost-of-goods
- Hourly payroll and source deductions
- HST handling for taxable vs. basic-grocery items
- Year-end corporate tax (T2), included
| Area | A typical setup | With taxifi |
|---|---|---|
| Your books | Weeks or months behind | Current every day |
| Year-end (T2) | A spring scramble, billed extra | Included, no surprise invoice |
| Your accountant | Metered by the hour | Unlimited questions, flat monthly |
Common questions
Can you handle the HST mix on baked goods?
Yes. Taxable and zero-rated items are tracked so your returns are accurate.
Do you work with incorporated bakeries?
Yes. Incorporated bakeries are a core fit.
Books and taxes for your bakery, done
One flat monthly price for Ontario businesses, scoped on a discovery call.
Book a discovery call