Tax Filings Canada provides full-service accounting for management consultants: monthly bookkeeping and reconciliations, T2 corporate and T1 personal tax filing, GST/HST returns, payroll and CRA correspondence — all at low-cost fixed fees agreed up front.
Every engagement is handled by accountants who work with management consultants 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 low-cost fixed-fee accounting choice for management consultants: sector-aware bookkeeping, corporate and personal tax filing, GST/HST and payroll, with payment only after you approve the work.
Start by sharing your documents; a quick checklist from us tells you exactly what we need.
Our team gets to work on your management consultants file, preparing every schedule that applies to you.
Before anything goes out, you see the full picture and sign off at your own pace.
With your approval in hand, we handle the filing and let you know the moment it is done.
| 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 |
For management consultants, the difference between an adequate and a strong filing is sector knowledge. Incorporated professionals with one dominant client carry personal services business risk — a designation that strips the small business deduction and most expense claims. Everything is handled at a low-cost fixed price — the economical alternative to hourly billing.
Owners in the management consultants sector tend to ask us the same handful of questions, in roughly the same order. That repetition is useful: it tells a tax practitioner exactly where the sector's confusion lives, and these notes start there.
One rule does more work than the rest combined, so it goes first. 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.
The second point follows directly from the first. The CRA requires business records to be kept for six years from the end of the tax year they relate to, in a form that allows the return to be verified. Where records cannot support the return, the CRA is entitled to assess on its own estimate — and the burden of disproving that estimate falls on the taxpayer.
Send us the file. We will quote a fixed fee, do the work, and hand it back for your review — you pay when you are satisfied, not before. That confidence comes from the sector, not from salesmanship.
Accounting for Management Consultants is a specialist job because the CRA treats this part of the professional services sector differently. These are the rules that actually change the number at the bottom of the return.
Disbursements recovered from clients are revenue, not a wash: the CRA expects them in income with the matching cost deducted, and netting them off is a common reassessment trigger.
Partner draws are not salary. Drawing ahead of allocated income creates a debit capital account the CRA can treat as a shareholder-style benefit on audit.
A home office qualifies only where it is the principal place of business or used exclusively and regularly to meet clients; the deduction cannot create or increase a business loss.
Practice-management software, secure client portals and cyber-liability cover are current expenses, while the licence itself may be a Class 12 or Class 50 capital asset.
An incorporated practice files the T2 within six months of year-end, with the balance due two months after (three for a CCPC claiming the small business deduction).
Partnerships crossing $2 million in combined revenue and expenses, or holding a corporate partner, must file the T5013 information return by March 31.
The salary-versus-dividend mix is where the money is: salary creates RRSP room and CPP entitlement, dividends avoid payroll remittances, and the right split changes with the owner's draw.
Passive investment income above $50,000 a year grinds the small business deduction dollar for dollar, so retained earnings need a deliberate investment plan.
None of this is charged as extra advice. It is simply what a properly prepared file for Management Consultants includes, at the fixed fee agreed up front.
Specialized Professional Services sector compliance, bookkeeping, and tax planning for Management Consultants.
Providing tailored Management Consultants tax filing and planning to reduce liabilities, maximize refunds, and ensure CRA compliance.
100% risk-free Management Consultants 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 Management Consultants business with CRA compliance and expert cross border tax strategies.
We use advanced accounting software for seamless Management Consultants 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 Management Consultants businesses.
Tailored compliance, tracking, and tax solutions for Management Consultants businesses.
Tailored compliance, tracking, and tax solutions for Management Consultants businesses.
Tailored compliance, tracking, and tax solutions for Management Consultants businesses.
Tailored compliance, tracking, and tax solutions for Management Consultants businesses.
Tailored compliance, tracking, and tax solutions for Management Consultants businesses.
Transparent, fixed-fee Management Consultants pricing with zero hidden fees. Pay only after your Management Consultants 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 Management Consultants tax and accounting services have helped Canadian businesses save money and stay compliant.
A second opinion for a surveying practice in Toronto, Ontario recovered $43,000 a year. It found a previous accountant with no experience of this sector in prior filings.
A surveying practice in Toronto, Ontario asked for a second opinion on management consultants accounting and tax. That followed three years of rising tax. The review found a previous accountant with no experience of this sector. We built the comparison first: current structure against two alternatives. Then we rebuilt the chart of accounts around how a management consultants business actually earns and spends. First-year saving of $43,000, with the same benefit recurring. Every position taken is documented and supported in the file.
An executive coaching practice in Saskatoon, Saskatchewan faced a $95,000 proposed reassessment. It came after sector deductions claimed on a general-business basis rather than the management consultants rules. We rebuilt the documentation and the adjustment was withdrawn in full.
An executive coaching practice in Saskatoon, Saskatchewan received a proposal letter opening a review of management consultants accounting and tax. The CRA had identified sector deductions claimed on a general-business basis rather than the management consultants rules. It proposed an adjustment of $95,000, with 30 days to respond. We treated the response as an evidence exercise rather than an argument. We aligned the reporting calendar with the sector’s own seasonal cycle rather than a generic year-end. We then indexed every supporting document against the specific line the auditor had questioned. The proposed adjustment was withdrawn in full — all $95,000 of it. The file closed in 10 weeks with no change to the assessed amounts and no penalty.
A family transfer at a boutique law firm in Barrie, Ontario would have been fully taxable. The reason was no valuation on file to support the price the parties had agreed. Restructuring deferred $440,000.
A generational transfer at a boutique law firm in Barrie, Ontario had been discussed for years without a plan. No valuation on file to support the price the parties had agreed meant the transfer as contemplated would have been fully taxable. We reviewed every sector-specific deduction against the current rules and claimed the ones that had been missed. We sequenced the steps so each one was complete and documented before the next depended on it. $440,000 of tax was deferred through the transfer, and the successor generation took over a corporation whose records stood up to review.
The structure at a two-partner engineering practice in Winnipeg, Manitoba no longer fitted the business. Equipment and asset classes assigned by guesswork rather than the CCA schedule showed it. Rebuilding it saves $54,000 a year.
The structure at a two-partner engineering practice in Winnipeg, Manitoba dated from years earlier. It had been set up for a business that no longer existed. Equipment and asset classes assigned by guesswork rather than the CCA schedule had become expensive. We reassigned the asset classes on the CCA schedule and corrected the opening balances. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself. $54,000 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.
A management consultancy in Red Deer, Alberta had already been penalised. The issue was industry-specific reporting obligations nobody had flagged. A relief application cancelled $124,000 of that penalty.
A management consultancy in Red Deer, Alberta had already missed one deadline and was about to miss a second. Behind it sat industry-specific reporting obligations nobody had flagged. A penalty of $124,000 was accruing. We split the work into what had to happen before the deadline and what could follow it. Then we documented the positions to the standard the CRA applies to this sector specifically. The outstanding return was accepted as filed, and the taxpayer relief application cancelled $124,000 of the penalty already assessed on the earlier year.
An architecture studio in Vancouver, British Columbia was profitable and permanently short of cash. Behind the gap sat seasonal revenue reported without matching the costs that produced it. Restructuring the tax cycle freed $62,000.
An architecture studio in Vancouver, British Columbia was profitable on paper and short of cash every month. Seasonal revenue reported without matching the costs that produced it explained most of the gap. We rebuilt the chart of accounts around how a management consultants business actually earns and spends. We also built a thirteen-week cash view so tax payments stopped competing with payroll for the same dollars. $62,000 was released back into working capital. Remittances have been on time every period since, and the forecast shows the tax outflow before it lands.
Meet the specialists behind your Management Consultants 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.
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.
Incorporation usually pays off once profit consistently exceeds what you draw personally, because retained earnings are taxed at the small business rate rather than your marginal rate. Below that point the added compliance cost often outweighs the benefit. We model both before you decide.
The CRA requires six years of books and records from the end of the tax year they relate to: invoices, receipts, bank statements, payroll records and contracts. Digital copies are acceptable provided they are legible and complete.
We run the cycle, remit source deductions on schedule, and issue T4s ahead of the February deadline. Late remittances draw a penalty of up to 10% and repeat lateness raises it to 20%, so timing is the whole game. See our payroll service.
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.
The short answer comes straight from our working notes: Accrued but unbilled revenue belongs in income in the year the work was performed. Deferring it to the invoice date understates taxable income and is a standard reassessment adjustment. How that plays out on your file depends on the specifics, which is exactly what the engagement is for.
Shareholder loan balances must be repaid within one year of the corporation’s following year-end. If they are not, the amount is included in the shareholder’s personal income under subsection 15(2). That is the part most owners have not heard before they sit down with us, and it usually changes what they do next.
The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.
EI benefits are taxable income. Service Canada withholds income tax before each payment reaches you, and the total benefits plus the tax withheld appear on your T4E for the year. That withholding follows a basic calculation rather than your full marginal rate, so people who also worked during the year often end up with a balance owing at filing. Asking Service Canada to withhold more, or setting money aside yourself, avoids a surprise. Higher-income claimants can also have to repay part of their regular benefits through the return.
Contact your municipality’s tax or revenue office and ask for a reissued bill; most cities also let you view and pay it in an online property tax account set up with your roll number. Not receiving the bill does not cancel the obligation or stop late-payment charges, so ask for the amount and due dates straight away. Update your mailing address, and check whether your lender already pays the tax through your mortgage.
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.
No. The fuel charge applies to fuels, not tobacco. Cigarettes carry federal excise duty, a provincial or territorial tobacco tax, and GST or HST on the shelf price, which is why tax makes up most of what you pay. Duty and tobacco tax rates move with budgets and some federal rates are adjusted annually, so check the CRA excise duty rates page and your province's tobacco tax page rather than an older figure.
The Income Tax Act is the federal statute that sets out how income tax works in Canada: who is taxable, how income, deductions and credits are computed, and what powers the CRA has to assess and collect. It is amended most years by budget legislation, and the consolidated text is published free on the Justice Laws website. Regulations, CRA guidance and court decisions sit alongside it. Provinces have their own income tax statutes, and Quebec administers its own.
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 — Businesses · Income Tax Act (Justice Laws Website)
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