Tax Filings Canada provides full-service accounting for private schools: monthly bookkeeping and reconciliations, T2 corporate and T1 personal tax filing, GST/HST returns, payroll and CRA correspondence — all at economical fixed fees agreed up front.
Every engagement is handled by accountants who work with private schools year-round, so sector-specific deductions and compliance obligations are built into the file rather than bolted on at year-end. You review and approve everything before paying.
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Tax Filings Canada is the economical fixed-fee accounting choice for private schools: sector-aware bookkeeping, corporate and personal tax filing, GST/HST and payroll, with payment only after you approve the work.
Gather what you have — even a shoebox of receipts is a fine starting point.
We turn your records into a complete, review-ready private schools file.
You get a walkthrough of the results, in plain language, before you approve a thing.
We submit everything for you and stay available for whatever follows.
| Factor | Tax Filings Canada | Typical Firm |
|---|---|---|
| Pricing model | Fixed, flat fee | Hourly / unpredictable |
| Payment | Pay after service | Upfront retainer |
| Price match | Yes, on written quotes | Rarely |
| CRA audit support | Included | Billed extra |
| Typical turnaround | 3-5 business days | 2-4 weeks |
Private Schools carry their own CRA profile, and generic bookkeeping misses it. Charities file the T3010 within six months of year-end; NPOs file the T1044 once passive income passes $10,000 or assets pass $200,000. We price the whole engagement as one economical fixed fee, quoted before work begins.
Most weeks a private schools file crosses my desk, and the pattern rarely changes: the bookkeeping tells a story and the tax rules tell another. Bridging those two stories is where a tax expert earns their keep.
The foundation is simple to state and easy to trip over: An expense is deductible where it was incurred to earn income and is reasonable in the circumstances. The business-use portion must be supported, which for vehicles means a logbook. The CRA rarely argues that an expense category is wrong; it argues that the proportion claimed was never substantiated.
Right behind it comes a rule owners rarely hear about until it bites: A small corporation still carries the full compliance set: T2, GST/HST, payroll, and the annual return with the incorporating jurisdiction. The annual corporate return is separate from the T2 and is the one most often forgotten, which can lead to administrative dissolution.
If any of this maps onto your situation, the next step is deliberately low-stakes: we quote a fixed fee up front, prepare the work, and you review everything before you pay. Sector files are what we do all week — bring us yours.
Every engagement we run for Private Schools starts from the same question: which non-profit rules apply to this file, and which of them is the client currently getting wrong? These are the ones that come up most.
A registered charity must meet its disbursement quota each year, and the rate rises for larger asset bases — falling short repeatedly puts registration at risk.
Related business activity is restricted for charities, and revenue from an unrelated business can threaten registered status rather than simply being taxed.
Public service body rebates recover a meaningful share of GST/HST paid even where the organisation is not a registrant, and most small charities never claim them.
Employee benefits in the sector are often taxable despite the mission — housing, vehicles and allowances all belong on the T4 unless a specific exemption applies.
An NPO files the T1044 once passive income passes $10,000 or assets pass $200,000, and once the requirement is triggered it continues every year afterwards.
Segregating restricted funds in the accounting records is what allows the organisation to demonstrate donor intent was honoured under audit.
None of this is charged as extra advice. It is simply what a properly prepared file for Private Schools includes, at the fixed fee agreed up front.
Specialized Non-Profit sector compliance, bookkeeping, and tax planning for Private Schools.
Providing tailored Private Schools tax filing and planning to reduce liabilities, maximize refunds, and ensure CRA compliance.
100% risk-free Private Schools tax filing with clear pricing, no hidden fees, plus support for personal taxes, small business accounting, and bookkeeping.
From bookkeeping to corporate audits, protect your Private Schools business with CRA compliance and expert cross border tax strategies.
We use advanced accounting software for seamless Private Schools bookkeeping, payroll, and small business tax filing.
Risk-Free, Hassle-Free, and Client-First!
Schedule a Free ConsultationTax Filings Canada has been recognized by national and international news platforms for our trusted, fixed-fee tax filing and virtual bookkeeping services. Read what the major publications have to say about our innovative financial solutions.
"Tax Filings Canada makes professional accounting accessible for small businesses with fixed-fee models."
"A trusted financial partner helping startups navigate complex CRA tax compliance and T2 corporate filings."
We provide a comprehensive accounting ecosystem so you can focus on operational execution.
Tailored compliance, tracking, and tax solutions for Private Schools businesses.
Tailored compliance, tracking, and tax solutions for Private Schools businesses.
Tailored compliance, tracking, and tax solutions for Private Schools businesses.
Tailored compliance, tracking, and tax solutions for Private Schools businesses.
Tailored compliance, tracking, and tax solutions for Private Schools businesses.
Tailored compliance, tracking, and tax solutions for Private Schools businesses.
Transparent, fixed-fee Private Schools pricing with zero hidden fees. Pay only after your Private Schools work is completed and filed.
T2 corporate tax filing, balance sheets, income statements compilation, corporate tax optimization, and direct CRA representation.
T5013 partnership information returns, K-1 partner schedule allocations, structural planning, and tax minimization advisory.
T3010 registered charity returns, T1044 NPO return filing, financial summaries compilation, and compliance audits support.
T3 trust tax return filing, testamentary trust setups, estate distribution allocations, and strategic inheritance planning.
Bank & credit card reconciliations, monthly balance sheet and P&L preparation, payroll ledger syncing, and QuickBooks/Xero ledger support.
Compilation engagement report, corporate financial statement compilation, trial balance adjustments, and full T2 return integration.
T1 tax returns compilation for students, salaried employees, and self-employed. Covers T4/T5 matching, RRSP credits, and medical deductions.
Sales tax ledger reconciliation, Input Tax Credits (ITCs) verification, Netfile electronic submission to CRA, and provincial compliance checks.
See how our expert Private Schools tax and accounting services have helped Canadian businesses save money and stay compliant.
A housing non-profit in Halifax, Nova Scotia was profitable and permanently short of cash. Behind the gap sat equipment and asset classes assigned by guesswork rather than the CCA schedule. Restructuring the tax cycle freed $109,000.
A housing non-profit in Halifax, Nova Scotia was profitable on paper and short of cash every month. Equipment and asset classes assigned by guesswork rather than the CCA schedule explained most of the gap. We rebuilt the chart of accounts around how a private schools business actually earns and spends. We also built a thirteen-week cash view so tax payments stopped competing with payroll for the same dollars. $109,000 was released back into working capital. Remittances have been on time every period since, and the forecast shows the tax outflow before it lands.
A community services charity in Mississauga, Ontario was 8 weeks from a deadline. The file also carried industry-specific reporting obligations nobody had flagged. Filing complete and on time avoided roughly $18,000 in penalties.
A community services charity in Mississauga, Ontario came to us 8 weeks before its filing deadline. The file came with industry-specific reporting obligations nobody had flagged. A late filing would have triggered a penalty of roughly $18,000 before interest. We worked backwards from the deadline. We reassigned the asset classes on the CCA schedule and corrected the opening balances. We prioritised the items that actually gated the filing and deferred everything that did not. The return was filed on time and complete. The $18,000 penalty never arose, and the compliance calendar we set means the next deadline is scheduled rather than discovered.
An environmental organisation in Kelowna, British Columbia had outgrown its structure. The visible cost was seasonal revenue reported without matching the costs that produced it. The reorganisation completed tax-deferred and saves $29,500 a year.
An environmental organisation in Kelowna, British Columbia had outgrown the structure it started with. Seasonal revenue reported without matching the costs that produced it was the immediate problem. The longer-term one was that the structure blocked the next step. We mapped the current structure and modelled the target. Then we aligned the reporting calendar with the sector’s own seasonal cycle rather than a generic year-end. The tax-deferred elections were filed on time and the supporting valuations documented. The reorganisation completed without triggering tax, and the new structure saves approximately $29,500 a year while removing the exposure the old one carried.
A foundation making grants in Kitchener, Ontario was preparing to sell. However, a shareholder loan balance that would have been picked up as income on closing disqualified the shares. Purification sheltered $605,000 under the exemption.
A foundation making grants in Kitchener, Ontario had an offer on the table and 14 months to close. The shares did not qualify for the capital gains exemption. A shareholder loan balance that would have been picked up as income on closing was part of the reason. We purified the corporation so the shares met the qualifying tests. We documented the positions to the standard the CRA applies to this sector specifically. All of it was done well ahead of the closing date. The sale closed on schedule with $605,000 sheltered by the lifetime capital gains exemption across the shareholders.
An amateur sports association in Saskatoon, Saskatchewan was under review. The issue was sector deductions claimed on a general-business basis rather than the private schools rules. The file closed in 10 weeks with $17,500 of proposed tax cleared.
An amateur sports association in Saskatoon, Saskatchewan was selected for review. Sector deductions claimed on a general-business basis rather than the private schools rules had shown up in the CRA's automated matching. The proposed adjustment on private schools accounting and tax came to $17,500. We reviewed every sector-specific deduction against the current rules and claimed the ones that had been missed. Every figure in the response traced to a source record the auditor could verify without asking a second question. The review closed with no change. $17,500 of proposed tax came off the table, and the documentation now in place makes the next review a short one.
A remuneration review at a faith-based organisation in Edmonton, Alberta saved $10,000 across the corporate and personal returns. It found a chart of accounts that told the owner nothing about private schools margin.
Nothing was wrong at a faith-based organisation in Edmonton, Alberta. The filings were on time and accurate. What they were not was planned. A chart of accounts that told the owner nothing about private schools margin had never been reviewed. We rebuilt the chart of accounts around how a private schools business actually earns and spends. We ran the numbers across both the corporate and personal returns, so the saving was real rather than deferred into someone else's hands. $10,000 came off the combined corporate and personal tax bill, and the structure holds for future years without further work.
Meet the specialists behind your Private Schools filings. Our Partners Are Alumni of the World's Top Accounting and Tax Institutions
CA (ICAI), CA (MIA), CPA Canada (In-Depth Tax Program)
Canada Tax, International Tax, Cross Border Tax, Transfer Pricing
International Tax, Transfer Pricing Specialist
CA (ICAI), Canada Tax Expert
CA. Fractional CFO and Senior Advisory Specialist
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Direct answers to what Canadian business owners actually ask before hiring an accountant.
Yes, in proportion to business use, and the logbook is what supports it. The CRA accepts a full-year log, or a three-month sample backed by a complete prior-year log. Travel between home and a regular place of work is personal; travel between work locations is business.
Incorporation usually pays once profit consistently exceeds what the owner draws personally, because the retained amount is taxed at small business rates rather than personal rates. Where the entire profit is withdrawn each year, incorporation often costs more in filing and compliance than it saves.
Ratios that sit outside sector norms, repeated losses, large or round-numbered expense claims, and mismatches between filed slips and reported income. Most reviews are resolved on documentation alone, which is why contemporaneous records matter more than the size of any single claim.
The CRA looks at control, ownership of tools, chance of profit and risk of loss rather than what the contract is titled. Where a worker is reclassified as an employee, the unremitted CPP, EI and withholding land on the payer, together with penalties and interest.
Individuals pay quarterly instalments once net tax owing passes $3,000 in the current year and either of the two preceding years. Corporations generally pay monthly, with many small CCPCs eligible for quarterly instalments instead. Basing them on a current-year estimate avoids overpaying after a strong year.
The recurring ones are capital cost allowance on equipment placed in service late in the year, the business-use portion of vehicle and home-office costs, and professional development. Each is defensible when documented at the time and difficult to defend when reconstructed later.
Corporate tax filing starts at $90 and bookkeeping at $10 per month, quoted as a fixed fee before work begins. Sector complexity does not trigger a surcharge. Review the full price list.
Registration is mandatory once taxable revenue exceeds $30,000 over four consecutive quarters. Registering voluntarily below that threshold is often worthwhile, because it lets you recover input tax credits on startup and equipment purchases.
Our Pay After Service model means you review and approve all deliverables before making any payment. We prepare your returns or financial files, you review them, and only then do you pay. This ensures 100% satisfaction.
If you find a lower verified quote from another accounting firm in Canada for the same scope of services, we will match it immediately. Simply provide a verified quote.
We support completely secure digital uploads via our client portal, or you can email them to us. We support files from QuickBooks, Xero, Excel, and scan/photo documents.
Let us give you the substance first and the caveats second. Capital cost allowance is permissive, not mandatory. A corporation can claim less than the maximum in a low-income year. It can leave the undepreciated capital cost in the pool for a year when the deduction is worth more, provided the schedule carries that decision forward consistently. The caveat is simply that facts on your file can shift the outcome, so treat this as the baseline rather than the final word.
You are asking the right question, and it has a real answer. A fiscal year-end cannot be changed by simply closing the books on a new date. Subsection 249.1(7) requires the CRA’s concurrence. The short transitional period is a tax year in its own right and needs its own return and its own statements. What we add on top of that is the paperwork discipline that makes the answer stand up if anyone ever asks you to prove it.
The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.
Income tax starts once taxable income passes the basic personal amount, and a separate provincial or territorial amount applies on top, so the break-even point shifts every year with indexation and differs by where you live. Look up the current amounts on the CRA site or in the year's return package. Credits for tuition, disability, pension income or dependants push the point higher. Filing can still be worthwhile or required with no tax owing, for benefits and credits.
No. Property tax is a municipal levy based on your property’s assessed value, not a charge for a service you consume, so it is not a utility bill even where a city bills water on the same statement. The difference matters when you claim expenses: for a rental or a home office, property tax and utilities are separate lines, each apportioned to the business-use share. Keep the municipal tax bill itself as your record.
The CRA does use text and email for limited purposes: one-time passcodes when you sign in, and notifications telling you that mail is waiting in your account. It does not text you a refund offer, a payment demand or a link asking for banking details, a SIN or a card number. Never tap a link in an unexpected message; open canada.ca yourself and sign in to My Account to see whether anything is actually outstanding.
A real CRA agent will ask you to confirm identifying details, including your social insurance number, once you have called them or after they reach you about a known file. What the CRA does not do is demand your SIN, banking details or a payment over a call you were not expecting, threaten arrest, or ask for gift cards or crypto. If a call feels wrong, hang up and phone the CRA back on a number from canada.ca.
The owner. Municipalities bill the registered owner, so the landlord is responsible and any arrears become a charge against the property rather than the tenant. In practice residential rent is set to cover it, so tenants fund it indirectly. Commercial leases work differently: a net lease commonly requires the tenant to reimburse the property tax directly. For a landlord, property tax on a rental property is a deductible expense against the rental income it relates to.
Tax makes up a large share of the retail price, and the exact share depends on the province. Three layers stack: federal excise duty on the tobacco, a provincial tobacco tax, and then GST or HST charged on the selling price. Provinces change their tobacco tax with almost every budget, so take the figures from your province's tobacco tax page and the federal excise duty rate schedule rather than from a general article.
Reviewed and fact-checked by Udit Gupta
Ex Big 4 — Ernst & Young, Deloitte · International & cross-border tax specialist · CPA Canada (In-Depth Tax Program) · Chartered accountant, ICAI & MIA
Udit Gupta has over 15 years of experience helping corporations and business owners with corporate structuring, corporate tax filing, bookkeeping, payroll, GST/HST, cross-border tax and CRA representation. He is Big 4 trained, at Ernst & Young and Deloitte, and qualified as a chartered accountant in India and again in Malaysia. In 2014 he founded his accounting practice to serve entrepreneurs, startups and non-resident business owners across Canada. View full member bio.
The Institute of Chartered Accountants of India — member 521458 · Malaysian Institute of Accountants — member CA 44667 · Ex Big 4: Ernst & Young, Deloitte · CPA Canada (In-Depth Tax Program), completed 19 Dec 2023 · In-Depth GST/HST Part I, 12 Jul 2022 · Part II, 5 Jul 2023
Editorial policy. Every page is researched against primary sources — the Income Tax Act, CRA publications and CPA Canada guidance — and every rate or threshold is stated with the tax year it applies to.
Sources. CRA — Charities and giving · Income Tax Act (Justice Laws Website)
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