Accounting for restaurants in Toronto
Restaurants run on thin margins, daily sales across cash, card, and delivery apps, food and liquor inventory, and a mix of tipped and hourly staff. 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
Restaurants 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 restaurants 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:
- Daily sales reconciled across POS, card, and delivery apps
- Food and beverage inventory tracked
- Payroll for tipped and hourly staff
- HST returns prepared and filed
What we take off a Toronto restaurant’s plate
Reconciling every payment channel
Cash, card, and delivery-app payouts rarely match your sales on their own. We reconcile Uber Eats, DoorDash, and SkipTheDishes to your POS so nothing is double-counted or missed.
Food and beverage inventory
Inventory and cost of goods are tracked so you can see real margin, not just what's left in the bank.
Tipped and hourly payroll
Tipped and hourly staff are handled with source deductions remitted to CRA on time and T4s ready at year-end.
Common questions
Do you work with restaurants in Toronto?
Yes. taxifi works with incorporated restaurants 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 restaurant?
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 restaurant, books and taxes handled
One flat monthly price for incorporated Ontario businesses, quoted live on a short call.
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