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At Tax Filings Canada, we help Canadian Technology businesses streamline finances, reduce stress, and grow with confidence.
Tax and accounting for technology companies in Canada: Tax Filings Canada handles SR&ED claims, stock option and contractor treatment, and your T2, for software and hardware firms, at a fixed fee.
Upload, email, or drop off your paperwork — whichever you prefer.
Behind the scenes, we assemble and double-check your technology filing.
Nothing is filed until you have seen it, understood it, and approved it.
We take care of the submission and send you confirmation for your records.
| 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 |
SR&ED is the largest tax incentive available to Canadian technology companies and the most commonly mishandled, because eligibility turns on technological uncertainty rather than novelty. A CCPC can access a refundable investment tax credit on qualifying expenditures, meaning cash back even while pre-revenue, which is why SR&ED functions as non-dilutive funding for startups. Claims fail on documentation far more than on science: without contemporaneous records tying labour to the specific experimental work, the strongest project still gets reduced on review.
A technology business rarely gets into tax trouble through a dramatic mistake. It drifts there through small classification calls made without sector context — the kind of calls a tax specialist makes differently after years of sector work.
Start with the rule that decides most files: 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 detail that surprises most owners comes next. 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.
You do not have to take the sector expertise on faith. The fee is agreed in advance, the finished work goes to you for review first, and payment follows your sign-off — an arrangement we can offer because technology files hold few surprises for us anymore.
Tailored corporate structures optimized for operational active income in the technology sector.
Accurate bookkeeping, cost of goods sold (COGS) tracking, and operational overhead analysis.
Comprehensive sales tax compilation, Input Tax Credit (ITC) reconciliation, and electronic filing.
Securing relief from penalties and interest through proactive late filing disclosure applications.
Full-service dispute support, notice of assessment appeals, and direct representation before the CRA.
We are a dedicated accounting firm with years of experience navigating complex CRA rules. Our tax accountants protect your business and optimize overall tax efficiency.
Specific deductions, cost allocations, and asset depreciation structures optimized for your niche.
No surprise bills. Know exactly what you'll pay with our standard, upfront monthly/annual fees.
We back all prepared files. If CRA raises questions, we represent your interest directly.
Cloud-based bookkeeping and filing. Submit documents, review the draft, pay when it is done.
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 Technology businesses.
Tailored compliance, tracking, and tax solutions for Technology businesses.
Tailored compliance, tracking, and tax solutions for Technology businesses.
Tailored compliance, tracking, and tax solutions for Technology businesses.
Tailored compliance, tracking, and tax solutions for Technology businesses.
Tailored compliance, tracking, and tax solutions for Technology businesses.
Providing compliant corporate tax filings, bookkeeping, and advisory across specialized operational areas.
Transparent, fixed-fee Technology pricing with zero hidden fees. Pay only after your Technology 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 Technology tax and accounting services have helped Canadian businesses save money and stay compliant.
A mobile app studio in Brampton, Ontario 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 $34,500 a year.
A mobile app studio in Brampton, Ontario 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 rebuilt the chart of accounts around how a technology business actually earns and spends. 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 $34,500 a year while removing the exposure the old one carried.
A hardware startup in Kelowna, British Columbia was preparing to sell. However, no valuation on file to support the price the parties had agreed disqualified the shares. Purification sheltered $765,000 under the exemption.
A hardware startup in Kelowna, British Columbia had an offer on the table and 13 months to close. The shares did not qualify for the capital gains exemption. No valuation on file to support the price the parties had agreed was part of the reason. We purified the corporation so the shares met the qualifying tests. We reassigned the asset classes on the CCA schedule and corrected the opening balances. All of it was done well ahead of the closing date. The sale closed on schedule with $765,000 sheltered by the lifetime capital gains exemption across the shareholders.
A $26,500 reassessment was proposed against an e-learning platform in Ottawa, Ontario. It followed sector deductions claimed on a general-business basis rather than the technology rules. The documented response reduced it to nil.
A review notice arrived at an e-learning platform in Ottawa, Ontario, covering technology accounting and tax for two tax years. The auditor's working position was an adjustment of $26,500. It was driven by sector deductions claimed on a general-business basis rather than the technology rules. Rather than negotiate, we rebuilt the record. We aligned the reporting calendar with the sector’s own seasonal cycle rather than a generic year-end. We then submitted a point-by-point response that answered each proposed adjustment with the document behind it. The auditor accepted the documented position and closed the review without adjustment, protecting $26,500 and leaving the prior filings undisturbed.
A second opinion for a digital product agency in Regina, Saskatchewan recovered $64,000 a year. It found a chart of accounts that told the owner nothing about technology margin in prior filings.
A digital product agency in Regina, Saskatchewan asked for a second opinion on technology accounting and tax. That followed three years of rising tax. The review found a chart of accounts that told the owner nothing about technology margin. We built the comparison first: current structure against two alternatives. Then we documented the positions to the standard the CRA applies to this sector specifically. First-year saving of $64,000, with the same benefit recurring. Every position taken is documented and supported in the file.
The ledger at a custom software development shop in Guelph, Ontario could not support its own filings. The reason was equipment and asset classes assigned by guesswork rather than the CCA schedule. Rebuilding it surfaced $4,400 in unclaimed input tax.
A custom software development shop in Guelph, Ontario could not answer basic questions about its own numbers. Equipment and asset classes assigned by guesswork rather than the CCA schedule sat between the bank statements and the ledger. We reviewed every sector-specific deduction against the current rules and claimed the ones that had been missed. We then documented the process so the work does not depend on any one person remembering how it was done. Records rebuilt and reconciled, $4,400 recovered in input tax credits that the old file could not support, and a documented monthly process now in place.
A data analytics consultancy in Winnipeg, Manitoba was carrying $63,000 of penalties and interest. The charges arose from industry-specific reporting obligations nobody had flagged. A relief application cancelled that amount.
An assessment of $63,000 landed at a data analytics consultancy in Winnipeg, Manitoba following a desk review. It turned on industry-specific reporting obligations nobody had flagged. The auditor had not seen the records behind it. We rebuilt the chart of accounts around how a technology business actually earns and spends. We then set out the legislative basis for the position alongside the documents supporting it. $63,000 of penalties and interest was cancelled under the taxpayer relief provisions, and the underlying assessment was adjusted to match the filed position.
Meet the specialists behind your Technology filings. Our Partners Are Alumni of the World's Top Accounting and Tax Institutions
CA (ICAI), CA (MIA), CPA Canada (In-Depth Tax Program)
Cross-border tax for businesses and individuals, after a Big 4 career at Ernst & Young and Deloitte.
CPA (Canada), CPA (USA), CA (India)
US and Canadian returns prepared together, so relief is claimed once.
CPA (Canada), CA (India)
Fractional CFO work for businesses operating in Canada and India.
CA (India)
Payroll remittances and GST/HST returns, each filed on its own schedule.
FCA (India)
UAE and India residence, treaty positions, and transfer pricing work since 2014.
Explore our accounting and corporate tax services tailored for Canada's major business sectors.
Specialized compliance accounting and tax optimization designed for medical clinics, general practitioners, dentists, and pharmacists in Canada.
Strategic tax planning and custom accounting systems built for real estate agents (PRECs), property managers, developers, and property investors.
Progress billing systems, subcontractor compliance, and job costing models to keep builders, general contractors, and trades compliant and profitable.
Multi-channel sales tax tracking, inventory accounting integration, and financial analytics for Shopify, Amazon FBA, and WooCommerce businesses.
Accurate corporate tax filing, monthly bookkeeping, and payroll management for consulting firms, tech startups, legal practices, and creative agencies.
POS integrations, tip tracking, food cost of goods sold (COGS) analytics, and weekly payroll processing built for Canada's food and beverage sector.
Cost accounting, raw materials inventory valuation, supply chain overhead tracking, and driver payroll setups for manufacturers and distributors.
CRA T3010 charity returns, T1044 NPO filing, grant-tracking accounting, and transparent donor financial reporting to maintain status.
High-growth financial management, SR&ED tax credits tracking, Virtual CFO advisory, and venture capital compliance for tech companies across Canada.
Find your nearest technology tax professional and accounting office. Select a province, then choose your city for local technology corporate tax filing and accounting.
Direct answers to what Canadian business owners actually ask before hiring an accountant.
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.
Yes. We work in QuickBooks, Xero, Wave, Sage, spreadsheets, and plain scanned documents. You are not required to migrate systems to become a client, and we never charge a conversion fee.
Multi-province operations allocate taxable income by permanent establishment and payroll, and sales tax rules differ by jurisdiction. We handle the allocation schedules and the differing GST, HST, PST and QST obligations in one engagement.
Registration becomes mandatory once taxable supplies pass $30,000 over four consecutive calendar quarters, and the obligation starts almost immediately rather than at the next year-end. Registering voluntarily below that threshold is often worthwhile when you are buying equipment, because it makes the tax on those purchases recoverable.
Six years from the end of the tax year the records relate to. That covers invoices, receipts, bank statements, payroll records and the working papers behind the return. Records supporting the purchase of a capital asset must be kept six years past the year the asset is finally sold.
The late-filing penalty is 5% of the balance owing plus 1% for each full month the return is late, to a maximum of twelve months. A second late filing within three years doubles those figures. Interest compounds daily from the balance-due date regardless of when the return is filed.
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.
For corporations in the technology sector, T2 tax filings are due within 6 months of the fiscal year-end. Personal returns for sole proprietors are due June 15, with balances payable by April 30.
Common write-offs include operating expenses, inventory costs, technology software licenses, marketing, employee wages, home workspace allocation, and capital assets depreciation.
We provide specialized bookkeeping, corporate compliance, and strategic planning with a 100% Satisfaction Guarantee and Pay After Service model.
Compilation engagements follow CSRS 4200, which requires a basis-of-accounting note describing exactly how the statements were prepared. Lenders read that note, and an omitted one is the fastest way to have a financing package sent back. We flag this early with every client it touches, because finding it out at filing time leaves you far fewer options than finding it out now.
The honest starting point is this: 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. Everything else we would tell you is tailoring, and tailoring requires seeing your file.
The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.
Property tax is billed by your municipality, not the CRA, so payment goes to the city or town that issued the bill. Most municipalities accept online or telephone banking once you add the property tax roll number as a payee, pre-authorised instalment plans, cheque, or payment at your bank. If your mortgage lender collects tax with your mortgage payment, the lender remits it for you. Condominium owners get their own bill, separate from monthly condo fees.
Yes. Rent you receive is taxable income. You report the gross rents, subtract deductible expenses such as mortgage interest, property tax, insurance, utilities you pay, repairs, condominium fees and advertising, and the net rental profit is added to your other income and taxed at your marginal rate. There is no separate rental tax rate. A rental loss can generally offset other income where the property is genuinely rented at fair market value.
Service Canada issues the T4E, not your employer. The quickest route is My Service Canada Account, where the slip sits under tax information and can be printed. A paper copy also goes to the address on file, and the slip is loaded into CRA My Account, so tax software using Auto-fill my return can pull it in directly. If nothing appears, call Service Canada, and report the benefits on your return even while waiting for the slip.
A write-off is an expense deducted from income so that tax applies to a smaller amount. It is not a refund of what you spent: the saving equals the expense multiplied by your marginal rate. Employees may deduct very little, while a business or self-employed person can deduct reasonable costs incurred to earn income, though categories such as meals and entertainment, vehicles and home office are restricted. Keep receipts, because the CRA can ask for them years later.
Different deductions, not different rules. Withholding follows the TD1 forms you filed, so a colleague claiming more credits, tuition or a disability amount has less tax taken off. Other causes are a different province of employment, a second job where each employer applies the basic personal amount, taxable benefits added to your pay, a higher salary reaching the next bracket, and pay-period timing. CPP and EI also stop at their annual maximums, which higher earners reach sooner.
Only if you are authorised first. The CRA will not discuss an account with anyone who is not on file as a representative, even a spouse or adult child. The taxpayer can add you online through My Account, or you can submit an AUT-01 with their signature. For someone who cannot sign, the CRA needs legal documents such as a power of attorney or estate paperwork. Authorisation can be limited to view-only access.
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.
Yes. The CRA does telephone individuals and businesses about balances owing, missing returns, audits and benefit reviews, and an agent may leave a voicemail asking you to call back. It will not threaten arrest or deportation, demand payment by gift card, e-transfer or crypto, or pressure you to stay on the line. Check My Account for the same message before acting, and call the CRA back on a number from canada.ca.
Canadian sellers advertise pre-tax prices and add GST, HST or provincial sales tax at the till. Nothing requires tax-included pricing, rates differ by province, and taxability depends on what is sold: one trip to the till can mix fully taxable goods, zero-rated goods such as basic groceries, and exempt supplies. Fuel is the exception — the price posted at the pump already contains the fuel taxes and the GST or HST, so nothing is added when you pay.
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.
A T4E is the slip Service Canada issues for Employment Insurance and certain related benefits. It shows the total benefits paid, income tax already withheld, any benefits you had to repay and any benefit repayment required because of your income level. Report the amounts on your personal return on the line for Employment Insurance and other benefits, not on the employment income line — EI benefits are taxable but they are not employment income. Keep the slip even where no tax was withheld, because the benefits remain taxable and the CRA already holds a copy.
No. Rent from a room in your home is taxable income reported on your personal return, though you deduct a reasonable share of expenses such as mortgage interest, property tax, insurance, utilities and repairs, normally split by floor area or room count. Claiming capital cost allowance on the house is usually a poor idea because it can put part of your principal residence exemption at risk. Keep records for six years after the tax year ends.
Reviewed and fact-checked by Udit Gupta
Ex Big 4 — Ernst & Young, Deloitte · Director, cross-border tax expert · CPA Canada (In-Depth Tax Program) · Chartered accountant, ICAI & MIA
Udit Gupta, a Director of Tax Filings Canada and a cross-border tax expert, 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. Since 2014 he has worked with 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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