Accounting for daycares in Toronto
Licensed child care centres balance parent fees, government funding, and payroll for staff, with tight rules on how funding is tracked. In Toronto, taxifi handles it online: books current every day, filings on time, and a Canadian accountant reviewing and signing every file.
CRA EFILE authorized · Every file reviewed by an accountant · Switching is free — about an hour of your time
Daycares in Toronto, books handled
Toronto is Canada's largest business market, dense with professional firms, agencies, trades, and fast-growing companies that need their books current and their T2 handled without a spring scramble.
For daycares specifically, taxifi covers the work below as part of one flat monthly price, with Ontario’s HST, WSIB, and Employer Health Tax handled inside the service:
- Bookkeeping for parent fees and government funding
- Payroll for educators and support staff
- Funding tracked to meet reporting requirements
- HST handling for exempt child-care services
What we take off a Toronto child care centre’s plate
Parent fees and government funding, kept separate
Funding is tracked distinctly from parent fees so your books and your funding reports line up.
Educator payroll
Educators and support staff are paid on schedule with source deductions to CRA on time.
Reporting that has to reconcile
Clean records all year mean your funding and licensing reporting are straightforward rather than a scramble.
Common questions
Do you work with daycares in Toronto?
Yes. taxifi works with incorporated daycares across Toronto and the rest of Ontario. Everything happens online, with books current every day, filings on time, and your data stored in Canada, so there is no office visit to schedule.
What does taxifi handle for a Toronto child care centre?
Monthly bookkeeping, payroll and source deductions, HST returns, and the year-end corporate tax return (T2), all under one flat monthly price, reviewed and signed by a Canadian accountant. Ontario specifics like WSIB and the Employer Health Tax are part of the service.
I already have a bookkeeper or accountant in Toronto. How hard is switching?
The switch is free: we deal with your current provider directly, collect your file and history, and take over the monthly work. Any catch-up is scoped and priced before you commit. Your part is about an hour, and mid-year is fine.
Your Toronto child care centre, books and taxes handled
One flat monthly price for incorporated Ontario businesses, quoted live on a short call.
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