Accounting for tech startups in Ontario
Startups burn cash on a runway, may raise from investors, and can qualify for SR&ED credits, so clean books are what keep the story fundable.
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taxifi · Tech Startups
This month
- Bookkeeping Current
- Payroll & source deductions Filed
- HST Filed
- Year-end tax (T2) On track
The problems we take off your plate
Runway and burn, always current
Investors and boards want numbers now, not next quarter. Clean monthly books show your burn and runway at a glance.
Diligence-ready books
Current, reconciled books are exactly what a raise or an acquisition diligence needs, without a frantic catch-up.
SR&ED-ready records
We keep your records organized so an SR&ED claim is straightforward to prepare with your accountant.
What’s included
Published prices for incorporated Ontario tech startups. Everything below is handled.
- Investor-ready monthly bookkeeping
- Runway and burn tracked clearly
- Payroll and contractor reporting
- Records kept SR&ED-claim ready
- 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 |
SR&ED is the credit most startups under-claim
For a company doing genuine technical development, the Scientific Research and Experimental Development program is often the single largest tax item on the file: a federal credit for eligible R&D work, refundable in many cases for Canadian-controlled private corporations, with Ontario measures on top. Startups routinely under-claim it — not because they are ineligible, but because the contemporaneous records were never kept.
That is a bookkeeping problem before it is a tax problem. Eligible work needs documentation as it happens: what technical uncertainty you were resolving, who worked on it, and what it cost. Payroll allocation between development and non-development work is the backbone of a defensible claim. Books that are current all year make the claim an assembly job; books reconstructed in the spring make it a reconstruction argument.
Common questions
Can you keep us investor-ready?
Yes. Current, clean monthly books are exactly what a diligence process or board update needs.
Do you support SR&ED claims?
We keep your records organized so an SR&ED claim is straightforward to prepare with your accountant.
Can my startup claim SR&ED credits?
Possibly, if you are resolving genuine technical uncertainty rather than simply building known technology. Canadian-controlled private corporations can often access refundable credits, with provincial measures on top. Eligibility turns on the nature of the work and the quality of your contemporaneous records, so the documentation habit matters as much as the claim.
What records do I need for an SR&ED claim?
Documentation created as the work happens: the technical uncertainty being addressed, who worked on it, time allocation, and associated costs — with payroll split between eligible development and other work. Claims assembled from memory after year-end are weaker and harder to defend than claims supported by current books.
Books and taxes for your tech startup, 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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