Accounting for small manufacturers in Ontario
Small manufacturers carry raw materials, work in progress, and finished goods, with equipment on the floor and payroll on the clock. Costing is the whole game.
CRA EFILE authorized · Every filing signed by an accountant · Switching is free — about an hour of your time
taxifi · Small Manufacturers
This month
- Bookkeeping Current
- Payroll & source deductions Filed
- HST Filed
- Year-end tax (T2) On track
The problems we take off your plate
Costing that decides everything
Raw materials, work in progress, and finished goods are tracked so cost of goods and margin per line are real.
Machinery on the floor
Equipment is claimed over time through capital cost allowance, tracked correctly by your accountant.
Production payroll
Shifts and overtime handled, source deductions remitted to CRA on time, T4s ready at year-end.
What’s included
Published prices for incorporated Ontario small manufacturers. Everything below is handled.
- Inventory tracked through raw materials, WIP, and finished goods
- Cost of goods and margin per product line
- Equipment tracked for capital cost allowance
- Production payroll and source deductions
- 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
Can you track inventory through production stages?
Yes. Raw materials, work in progress, and finished goods are tracked so your cost of goods is real.
Do you handle equipment purchases?
Yes. Machinery is claimed over time through capital cost allowance, tracked correctly by your accountant.
Books and taxes for your manufacturing 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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