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At Tax Filings Canada, we handle every part of your backlog bookkeeping, from the filing itself to the planning around it. Our accountants work with corporations and business owners every week, so you can focus on running and growing your business.
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Stay compliant and optimize your financial processes with our specialized backlog bookkeeping services.
No hidden fees. Pay only after your service is completed. The fee is agreed before any work starts.
Need backlog bookkeeping in Canada? Tax Filings Canada delivers monthly reconciliations, GST/HST-ready ledgers and receipt capture for owner-managed businesses and growing teams — affordable fixed fees quoted up front, and you pay 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 backlog bookkeeping 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 |
The CRA requires business records to be kept for six years from the end of the last tax year they relate to. Because the fee is fixed and affordable, the economics stay predictable whether your file is simple or messy.
Before you hand backlog bookkeeping to anyone, it is worth knowing what the work actually turns on.
Everything in backlog bookkeeping hangs off a single anchor. Personal expenses run through a corporate account are shareholder benefits, taxable to the shareholder personally whether or not they were ever labelled as such.
That rule rarely travels alone; alongside it sits another: Cash-basis records are not acceptable for a corporation. Income must be reported on the accrual basis, with receivables and payables recognised when they arise rather than when the money moves. Then there is the matter of timing, which forgives very little: Bank feeds are not a bookkeeping system. Auto-categorised transactions still need reconciliation to statements, because a duplicated feed entry is indistinguishable from a real expense on the face of the ledger.
Taken together, these rules explain why backlog bookkeeping can rarely be treated as a do-it-once-and-forget exercise. A tax advisor watches how they interact across your specific facts, which is something no checklist can do. Before the first meeting, it helps to pull together the records that let a tax advisor see your situation whole.
The last note is about how we work rather than the rules: every engagement comes with a fixed fee agreed up front, a review with you before filing, and payment after — not before — the service.
Providing transparent fixed pricing and high-quality Accounting Firm compliance for your backlog bookkeeping requirements.
Coverage: Standard bookkeeping and backlog bookkeeping preparation.
Ideal for early-stage startups and sole proprietors.
Book NowCoverage: Full-service bookkeeping, filings, and CRA compliance support.
Perfect for established small businesses.
Book NowCoverage: Strategic advisory and fractional CFO integration.
Ideal for companies seeking high-growth financial structuring.
Book NowWhy you should partner with Tax Filings Canada Experts for all your backlog bookkeeping needs?
Providing tailored backlog bookkeeping services to ensure compliance and maximize deductions.
Our certified accountants protect your business with complete federal and provincial tax compliance.
A dedicated team that handles your financials quickly, accurately, and without upfront fees.
Dedicated preparation processes customized for Canadian businesses.
Advanced accounting software integrations with QuickBooks, Xero, and wave accounting.
Customized packages designed to grow as your business operations expand.
Our clear four-step workflow ensuring absolute tax optimization and complete CRA compliance.
Start with a free, no-obligation consultation to review your business’s financial, tax filing and compliance needs and outline our affordable solutions.
Receive a comprehensive checklist and securely provide the required financial records and documents.
Our tax accountant and accounting experts carefully prepare your filings, identify all applicable deductions and credits, and conduct thorough reviews.
We file your documents electronically with the Canada Revenue Agency (CRA) on time and provide post-filing support.
Risk-Free, Hassle-Free, and Client-First!
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See how our expert Backlog Bookkeeping tax and accounting services have helped Canadian businesses save money and stay compliant.
A desk review assessed an equipment rental yard in Edmonton, Alberta $128,000 over a bookkeeping file where owner draws, payroll and supplier payments all landed in the same account. Producing the records vacated it.
Due diligence at an owner-operated trades business in Kitchener, Ontario surfaced retained cash well above what the business needed to operate. Restructuring the sale saved $495,000 against the original terms.
A food-truck operator running two seasonal units in Vancouver, British Columbia expanded into a second province carrying a receivables list that included invoices collected eleven months earlier. Every obligation was set up in advance and $49,000 of cash released.
21 months of records at a residential cleaning franchise in Brampton, Ontario had never been reconciled, leaving input tax credits claimed on receipts that had already been claimed once. Rebuilding recovered $16,500.
A two-location cafe in Toronto, Ontario had outgrown its structure, with meals and entertainment coded at full cost with the input tax credit claimed on the whole amount the visible cost. The reorganisation completed tax-deferred and saves $10,500 a year.
An incentive review at a home-renovation contractor in London, Ontario found input tax credits claimed on receipts that had already been claimed once and recovered $129,000 across 4 open years.
Meet the specialists behind your Backlog Bookkeeping 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
Same fixed fees in every province. Find your city or your sector.
Direct answers to what Canadian business owners actually ask before hiring an accountant.
Backlog Bookkeeping starts at a fixed fee quoted before any work begins. The quote is locked at the outset and does not change mid-engagement, and you pay only after you have reviewed and approved the deliverable. Compare every plan on our transparent pricing page.
At minimum: prior-year returns and notices of assessment, your bank and credit-card statements for the fiscal period, payroll records if you have employees, and GST/HST filings. We send a checklist tailored to your situation after the free 15-minute call.
Most engagements are completed within 3 to 5 business days once your documents are complete. Catch-up work covering multiple years takes longer, and we tell you the realistic timeline before you commit rather than after.
We respond on your behalf at no extra charge for any return we prepared. Every figure we file is supported by documentation retained in your file, which is what turns a CRA review from a crisis into correspondence. See how our CRA audit representation works.
Yes. Late filing penalties compound at 5% of the balance owing plus 1% per month, so the cost of waiting is real. We prioritise catch-up work and, where eligible, file under the CRA's Voluntary Disclosures Program to reduce penalties.
Yes. We are a cloud-based practice serving every province and territory, so your location does not change the price or the service. Browse our coverage across Canada to find your city.
We work across construction, healthcare, e-commerce, professional services, restaurants, real estate, transportation, technology and non-profits, each with its own deduction profile and CRA scrutiny patterns. See all industries we serve.
Software applies the rules you already know about. An experienced tax accountant finds the ones you do not: capital cost allowance timing, the small business deduction threshold, shareholder loan repayment rules, and TOSI exposure on family dividends. The fee is usually smaller than the deductions it surfaces.
Our backlog bookkeeping services include complete filing, compliance management, and strategic advice customized to Canadian tax laws.
You can start by booking a free 15-minute call. We will review your files, provide a fixed quote, and start working immediately.
Here is what the rules actually say, stripped of the folklore: Business records must be kept for six years from the end of the last tax year they relate to, and the CRA can require them in electronic form that it can actually read. Our role as your tax consultant is to apply that cleanly to your situation rather than to a hypothetical one.
It depends less on opinion than owners assume. An input tax credit is only claimable where the supporting invoice carries the supplier’s GST/HST number — above $150 the invoice also needs the recipient’s name and a description of the supply. Once you know that, the practical question becomes timing and documentation — both of which we handle inside the engagement.
The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.
GST or HST is calculated on the selling price of a taxable supply and shown separately on the invoice. Place-of-supply rules decide which province's rate applies, and that is usually where the customer receives the goods or service rather than where you operate. A registrant remits the tax collected less input tax credits for GST or HST paid on business purchases, so the amount sent to the CRA with each return is the net figure, not everything collected.
Not exactly. A statement of account shows the balance as at the date it was produced, and interest compounds daily on anything still unpaid after that, while payments or reassessments since then are not reflected. Check the current balance in CRA My Account or My Business Account before paying, and pay the figure shown there. If part of the balance is disputed, pay the rest to stop interest running and raise the disputed portion separately.
Work it from your own figures rather than a rule of thumb. A corporation on active business income pays 9% federally on the first $500,000 for 2026, plus the provincial small business rate — 3.2% in Ontario, falling to 2.2% on 1 July 2026 — so reserve that share of profit as you earn it. A sole proprietor should set aside at their marginal personal rate plus CPP. Keep GST/HST collected in a separate account; that money was never yours.
A refund only arises when the tax withheld and instalments you paid exceed the tax you actually owe. If your employer withheld close to the right amount, or you have self-employment, investment or gig income with nothing withheld, there is nothing to give back. Non-refundable credits cut tax to zero but never below it. Compare the tax deducted on your slips with the total payable on your notice of assessment.
Make it routine rather than an April scramble. Record income and expenses monthly, keep receipts and statements for six years from the end of the tax year they relate to, and check CRA My Account for slips, notices, balances and instalment reminders. Pay instalments when the CRA asks for them. Set aside a share of self-employment income as it arrives, and register for direct deposit. A mid-year review is when planning can still change the result.
No. Filing and paying are legal obligations, not choices. What is voluntary is the self-assessment design: you report your own income and calculate the tax, and the CRA verifies afterwards. Ignoring the obligation leads to penalties, compounding interest, an assessment raised without your figures, and collection action such as garnishing wages. Arguments that income tax does not apply to individuals have failed in court every time. If you have unfiled years, ask about the CRA's voluntary disclosure route before it contacts you.
No. GST/HST you charge is tax you collect for the government, so a registrant keeps it out of revenue and reports it on the GST/HST return, claiming input tax credits against it. Report your sales net of the tax on your T2125 or T2. If you are not registered you charge no GST/HST, and the tax you pay on your own purchases is simply part of the cost of each deductible expense.
No. Interest and late-payment charges on an overdue account are not payment for a separate supply, so no GST/HST is added, even though the original invoice carried tax. A charge that is really payment for something you actually supply, such as a re-delivery, a restocking service or an administrative service, is taxable on its own terms. Where the amount is purely a penalty for paying late, bill it without tax.
No. Insurance premiums are an exempt financial service, so no GST/HST appears on them and there is no input tax credit to claim. Provinces levy their own taxes on certain premiums, and Ontario applies retail sales tax to some group benefit and insurance premiums, which is why an invoice can still show a tax line. The premium itself stays deductible as a business expense where the coverage relates to earning income.
No. A private appraisal you order for a mortgage, a separation or an estate is a report to you and is not sent to the assessment authority, so it does not move your property tax bill. Municipal tax is billed on an assessed value set by the provincial assessment body on its own cycle. Renovation permits, a reassessment or a sale can change that value. For income tax, an appraisal only documents value; it creates no tax by itself.
Property tax funds municipal services: roads, water and waste collection, transit, fire and police, parks, libraries and local administration. In most provinces the bill also carries a separate education portion collected for the province's school system. None of it goes to the CRA, and it is not income tax. Property tax on the home you live in is not deductible on your T1, while property tax on a rental or a business property is a deductible expense.
Start with the employee's gross pay for the period and the claim codes from their federal and provincial TD1 forms, then use payroll software or the CRA payroll deductions online calculator for the province of employment. It returns the income tax, CPP contributions and EI premiums to withhold, plus the employer share of CPP and EI. Remit the total to your payroll account by your assigned remitting due date, which depends on your average monthly withholding amount.
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. Big 4 trained at Ernst & Young and Deloitte, and qualified as a chartered accountant in India and again in Malaysia, he founded his accounting practice in 2014 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.
