Accounting for consultants in Ontario
Independent consultants and boutique firms bill by project or retainer and face the salary-vs-dividend question every year once incorporated.
CRA EFILE authorized · Every filing signed by an accountant · Switching is free — about an hour of your time
taxifi · Consultants
This month
- Bookkeeping Current
- Payroll & source deductions Filed
- HST Filed
- Year-end tax (T2) On track
The problems we take off your plate
The salary-vs-dividend question
Once you're incorporated, how you pay yourself matters. Your accountant runs the numbers for your situation each year.
Project and retainer income
Project and retainer revenue is tracked cleanly so you always know where the business stands.
Home office and expenses
Home-office, travel, and equipment costs are tracked and documented so nothing deductible is missed.
Year-end tax (T2), bundled
Bundle tax with your bookkeeping and the corporate return is spread across your monthly price, with no spring surprise.
What’s included
Published prices for incorporated Ontario consultants. Everything below is handled.
- Project and retainer bookkeeping
- HST returns prepared and filed
- Expense and home-office tracking
- Salary-vs-dividend planning with your accountant
- Year-end corporate tax (T2), from $1,000 a year
| 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
I'm a one-person corporation. Is that a fit?
Yes. Many clients are incorporated consultants; the monthly service covers the books and HST, with the T2 at a published annual price.
Can you help me pay myself efficiently?
Yes. Your accountant plans salary vs. dividends for your situation each year.
Books and taxes for your consulting business, done
Bookkeeping from $99 a month, accountant-reviewed from $299, corporate T2 from $1,000 a year. Prices are published; a call confirms the fit.
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