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Tax Accountant London Ontario

100% Risk-Free, Satisfaction, Guarantee, Price Match – Pay After Service

Corporations, startups, sole proprietors and individuals across London bring us their tax filing, bookkeeping and accounting. Every engagement starts with a fixed fee agreed in advance and a free 15-minute consultation.

+15 Yrs Exp
Ex-Big4 Tax Specialists
CPA Canada (In-Depth Tax Program)
EX BIG4, EY, Deloitte
Udit Gupta, Founder and Tax Accountant - Taxfilings Canada
TAX REFUND
$7300
TAX EXPERT
100% INCOME TAX
95% GST/HST/PST
85% PAYROLL

London Transparent & Fixed Pricing

No hidden fees. Pay only after your service is completed. The fee is agreed before any work starts.

Business Accounting

From- $10/ M
Bookkeeping | Financials | Reconciliations
Accounting Bookkeeping pricing

Corporate Tax Filing

From- $90
T2 corporate Tax | NIL Return | Planning
Corporate Tax pricing

Personal Tax Filing

From- $25
T1 | Student | Employed | Self-employed
Individual Tax pricing

GST/HST Tax Filings

From $75
GST/HST/PST/QST/RST Tax filings | Registration
GST/HST/PST pricing

Partnership Tax Filing

From-$250
T5013 – Partnership Information Return
Partnership Tax pricing

Non-Profit Tax Filing

From- $250
T1044 | T3010 | T2 | Non-Profits Charities
Non Profit Tax pricing

Notice to Reader

From- $500
Assistance NTR | Compilation | Audit
Notice To Reader pricing

Trust-Estate Tax Filing

From- $300
T3 Trust | Beneficiary Reporting | Allocations
Trust Estate Tax pricing

Looking for a tax accountant in London? Tax Filings Canada files T2 corporate and T1 personal returns, handles Ontario's 13% HST, and runs bookkeeping and payroll for insurance and health-research professionals, manufacturers and landlords — fixed fees, and you pay only after your return is filed.

How We Take London Tax Filing Off Your Plate

  1. 1

    Send Your Documents

    Send your documents securely through our portal or by email.

  2. 2

    We Prepare

    We prepare your London tax filing and every supporting schedule.

  3. 3

    You Approve

    You review each figure and approve before anything is filed.

  4. 4

    We File

    We file with the CRA, and you pay only after it is complete.

London Tax Filing: Tax Filings Canada vs. a Typical Firm

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

Terms Worth Knowing Before London Tax Filing

T1 General
The personal income tax return individuals file with the CRA each year.
T2 Corporate Return
The corporate income tax return every incorporated Canadian business must file.
GST/HST Return
The sales-tax return businesses file to remit GST/HST collected, net of input tax credits.
London: Our Analysis

London's insurance head offices, health research cluster and manufacturing base generate professional-corporation files, SR&ED claims and student-rental portfolios around its campuses. Physicians and consultants use Ontario's 3.2% small business rate; landlords manage expense allocation and HST-exempt residential rents; and employers past $1,000,000 of Ontario payroll remit the Employer Health Tax on the excess.

What We Notice Preparing London Files

There is no generic Canadian tax return — there is a Ontario return filed from London, with everything that implies. Here is what it implies, from an accountant who deals with it daily.

The very first line item we confirm for any London client: Ontario uses a single 13% HST administered by the CRA, so you file one combined return rather than separate federal and provincial ones. Everything downstream — invoicing, bookkeeping, the year-end file — inherits that setup.

Owners often plan their year-end around the federal picture and only then remember the province. Ontario applies a 3.2% small business rate on the first $500,000 of active business income, giving a 12.2% combined federal-provincial rate. For a London corporation, that provincial piece belongs in the plan from the start, not as a footnote.

The payroll question we field most from growing London companies is not about deductions — it is about the provincial levy. Employer Health Tax (EHT) applies above a $1,000,000 annual payroll exemption for eligible employers. Where your headcount and payroll are heading decides how soon this matters to you.

Provincial credits are the most commonly unclaimed money we see: Ontario Innovation Tax Credit, Ontario Made Manufacturing Investment Tax Credit, Ontario Regional Opportunities Investment Tax Credit are all worth a look in an eligible year. London clients feel this one directly on the first return we file together.

The work that crosses a tax consultant's desk in London mirrors the local economy — finance, professional services, manufacturing, technology and healthcare — so the recurring questions are the ones those sectors generate: how income is earned, what gets deducted, and where the provincial rules bite.

We serve London at the same fixed fee as everywhere else in Canada, with no location premium, and you pay only after your filing is done.

Trusted by Canadian Businesses & Startups

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Why Choose Tax Filings London?

Our team of experienced Tax Accountants provides London clients with trusted tax advice, accurate filings, and tailored strategies to minimize liabilities. We offer transparent pricing and full CRA compliance support across bookkeeping, GST/HST, payroll, and corporate taxes for London clients.

Expert London Tax Filing & Planning

Providing tailored London tax filing and planning to reduce liabilities, maximize refunds, and ensure CRA compliance.

Transparent & Risk-Free Tax Services

100% risk-free London tax filing with clear pricing, no hidden fees, plus support for personal taxes, small business accounting, and bookkeeping.

CRA Compliance & Cross Border Tax

From bookkeeping to corporate audits, protect your London business with CRA compliance and expert cross border tax strategies.

Technology-Driven Bookkeeping & Accounting

We use advanced accounting software for seamless London bookkeeping, payroll, and small business tax filing.

Tax Filings Canada tax accountants

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"A Unique London Approach – Results First, Payment Later!"

  • Step 1: Share your information – No Upfront Payment!
  • Step 2: We prepare your financials & tax return.
  • Step 3: Review & sign the deliverable before payment.
  • Step 4: Make the payment only when satisfied.
  • Step 5: We file your return & share final documents.
  • Step 6: 100% Refund Guarantee – If unsatisfied, claim a full refund within 24 hours!

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Core London Accountant & Tax Filing Services

Expertly tailored accounting, compliance, and corporate tax solutions for businesses and corporations.

Bookkeeping & Reconciliations

Tailored compliance, tracking, and tax solutions for London businesses.

Bank & credit card reconciliations in London
Cloud accounting (QBO / Xero)
Financial statements preparation
AR & AP management in London
Monthly cash flow reporting
Receipts & expenses tracking (Dext)
Bank feed setup & clean-up in London
Ledger audit reviews
CRA Compliance Focus: Deductions are reviewed against the rules for the current tax year, the trial balance is verified line by line, and the working papers behind every figure are kept for all London businesses.

Corporate Tax (T2)

Tailored compliance, tracking, and tax solutions for London businesses.

T2 Corporate Tax Return filing
Corporate tax planning & structure in London
Active & passive income allocation
CRA audit defense representation
Federal & provincial tax filing in London
Shareholder loan monitoring
Loss carry-back/carry-forward
Corporate structure optimizations in London
CRA Compliance Focus: Deductions are reviewed against the rules for the current tax year, the trial balance is verified line by line, and the working papers behind every figure are kept for all London businesses.

Payroll & Compensation

Tailored compliance, tracking, and tax solutions for London businesses.

Direct payroll processing & stubs
T4/T5 slip compilation & filing
Salary vs. dividend optimization in London
Source deduction remittances
Employee vs. contractor review
EHT & workers' comp reporting in London
Year-end T4/T5 summary reports
Record of Employment (ROE)
CRA Compliance Focus: Deductions are reviewed against the rules for the current tax year, the trial balance is verified line by line, and the working papers behind every figure are kept for all London businesses.

CFO & Advisory Services

Tailored compliance, tracking, and tax solutions for London businesses.

Financial forecasting & projections in London
Unit economics & margin analysis
Multi-entity cash flow modeling
Mergers & acquisitions reports in London
Strategic growth planning
Budgeting & variance analyses
Business valuation models in London
Board & stakeholder reports
CRA Compliance Focus: Deductions are reviewed against the rules for the current tax year, the trial balance is verified line by line, and the working papers behind every figure are kept for all London businesses.

Notice to Reader (NTR)

Tailored compliance, tracking, and tax solutions for London businesses.

NTR compilation reports
Review & compilation engagements in London
Corporate year-end adjustments
Bank compliance packages
Compiled balance sheets in London
Notes to financial statements
Trial balance verification
Adjusting journal entries in London
CRA Compliance Focus: Deductions are reviewed against the rules for the current tax year, the trial balance is verified line by line, and the working papers behind every figure are kept for all London businesses.

Personal Tax (T1)

Tailored compliance, tracking, and tax solutions for London businesses.

T1 returns for owners & partners
Sole proprietor business T2125
Rental property & capital gains returns in London
Family tax splitting strategies
Registered plans (RRSP/TFSA)
Medical & donation tax credits in London
Voluntary disclosures & claims
E-file submission confirmation
CRA Compliance Focus: Deductions are reviewed against the rules for the current tax year, the trial balance is verified line by line, and the working papers behind every figure are kept for all London businesses.

GST/HST Compliance

Tailored compliance, tracking, and tax solutions for London businesses.

GST/HST/PST netfile returns in London
Input Tax Credit (ITC) optimization
Provincial sales tax audit defense
Mixed-use asset ITC allocations in London
E-commerce sales tax filings
Real estate purchase tax rebates
CRA sales tax dispute responses in London
Multi-province compliance checks
CRA Compliance Focus: Deductions are reviewed against the rules for the current tax year, the trial balance is verified line by line, and the working papers behind every figure are kept for all London businesses.

NGO & Non-Profit Services

Tailored compliance, tracking, and tax solutions for London businesses.

T1044 NPO Information Return
T3010 Registered Charity Return in London
Gift tool receipt compliance
Funding & grant tracking
Board audit assistance & report in London
Non-profit status preservation
Deferred contribution books
GST/HST public service rebates in London
CRA Compliance Focus: Deductions are reviewed against the rules for the current tax year, the trial balance is verified line by line, and the working papers behind every figure are kept for all London businesses.

Partnership Tax (T5013)

Tailored compliance, tracking, and tax solutions for London businesses.

T5013 Partnership Return filing
Partner capital account tracking
Adjusted Cost Base (ACB) calc in London
Allocation of partnership income
Partnership agreement tax review
T5013 slip prep for partners in London
Dissolution & winding-up support
Multi-tier partnership reporting
CRA Compliance Focus: Deductions are reviewed against the rules for the current tax year, the trial balance is verified line by line, and the working papers behind every figure are kept for all London businesses.
We Work with Your Preferred Accounting Software
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ProFile logo ProFile
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Specialized Industries We Serve in London

Explore our accounting and corporate tax services tailored for London's major business sectors.

Healthcare & Medical in London
Real Estate & Property in London
Construction & Trades in London
E-Commerce & Retail in London
Professional Services in London
Restaurants & Cafes in London
Manufacturing & Logistics in London
Non-Profits & NPOs in London
Technology & Startups in London

Healthcare & Medical in London

Specialized compliance accounting and tax optimization designed for medical clinics, general practitioners, dentists, and pharmacists in London.

  • Overhead cost allocation & clinic expense tracking
  • Medical professional corporation (MPC) tax planning
  • GST/HST exemption review and input tax credit claims
  • Full payroll integration for associates and clinic staff
Explore Healthcare Services in London

Real Estate & Property in London

Strategic tax planning and custom accounting systems built for real estate agents (PRECs), property managers, developers, and property investors.

  • PREC (Personal Real Estate Corporation) tax structuring
  • Rental property bookkeeping & cash flow analysis
  • Capital gains tax optimization and deferral strategies
  • GST/HST rebate filings on new residential properties
Explore Real Estate Services in London

Construction & Trades in London

Progress billing systems, subcontractor compliance, and job costing models to keep builders, general contractors, and trades compliant and profitable.

  • Project-by-project job costing & margin tracking
  • Subcontractor T5018 slip preparation & filing
  • Work-in-progress (WIP) accounting & bank compliance
  • WSIB and provincial workers' compensation reporting
Explore Construction Services in London

E-Commerce & Retail in London

Multi-channel sales tax tracking, inventory accounting integration, and financial analytics for Shopify, Amazon FBA, and WooCommerce businesses.

  • Automated integrations with Shopify, Amazon, Stripe, etc.
  • Multi-province GST/HST/PST sales tax filing
  • Real-time inventory valuation and COGS tracking
  • Cross-border sales tax compliance and duty tracking
Explore E-Commerce Services in London

Professional Services in London

Accurate corporate tax filing, monthly bookkeeping, and payroll management for consulting firms, tech startups, legal practices, and creative agencies.

  • Time-tracking integrations and utilization reports
  • Shareholder compensation and dividend planning
  • SR&ED tax credit tracking and documentation
  • Virtual bookkeeping and automated invoicing systems
Explore Professional Services in London

Restaurants & Cafes in London

POS integrations, tip tracking, food cost of goods sold (COGS) analytics, and weekly payroll processing built for Canada's food and beverage sector.

  • POS report synchronization & cash flow daily audit
  • Tip pooling calculations & CRA compliance audits
  • Food, beverage, and labor cost variance reports
  • Vendor payment management (Accounts Payable)
Explore Restaurant Services in London

Manufacturing & Logistics in London

Cost accounting, raw materials inventory valuation, supply chain overhead tracking, and driver payroll setups for manufacturers and distributors.

  • Bill of materials (BOM) cost tracking & analysis
  • Standard cost audits & variance analysis
  • Multi-warehouse inventory accounting controls
  • Fleet expense monitoring and logbook checks
Explore Manufacturing Services in London

Non-Profits & NPOs in London

CRA T3010 charity returns, T1044 NPO filing, grant-tracking accounting, and transparent donor financial reporting to maintain status.

  • Fund accounting & grant allocation tracking
  • T3010 Registered Charity Return filing
  • T1044 Non-Profit Organization Return filing
  • Board audit assistance & donor report packs
Explore Non-Profit Services in London

Technology & Startups in London

High-growth financial management, SR&ED tax credits tracking, Virtual CFO advisory, and venture capital compliance for tech companies across Canada.

  • SR&ED tax credit filing and documentation mapping
  • Monthly cash burn, runway, and financial dashboard metrics
  • Multi-currency bookkeeping and SaaS revenue recognition
  • Virtual CFO support for fundraising and investor reports
Explore Tech Services in London

London Tax & Accounting Case Studies

See how our expert London tax and accounting services have helped Canadian businesses save money and stay compliant.

Case Study 1

22 Months Reconciled And $7,300 Of Input Tax Recovered — Marketing Agency, London

22 months of records at a marketing agency in London, Ontario had never been reconciled. That left a provincial payroll levy that had never been registered for or remitted. Rebuilding recovered $7,300.

Nothing reconciled at a marketing agency in London, Ontario. Every filing started with 22 months of cleanup. The file was carrying a provincial payroll levy that had never been registered for or remitted. We rebuilt from source rather than correcting on top of the existing file. We assessed and claimed Ontario Innovation Tax Credit alongside the federal return. Then we set the routine that keeps it clean. 22 months reconciled to the bank. The close now takes 5 days, and $7,300 of previously unclaimable input tax was recovered in the process.

Case Study 2

Collections Halted And $80,000 Cut From A 5-Year Backlog — Private Lending Business, London

Collections had begun against a private lending business in London, Ontario over 5 years of unfiled returns. Bringing them current cut $80,000 from the balance.

By the time a private lending business in London, Ontario called, 5 years were outstanding. The CRA had assessed on estimates. Underneath it sat 13% HST charged on every sale regardless of where the customer was located. We reconstructed the records year by year. We recalculated the corporate tax at the 12.2% combined small business rate and rebased the instalments on the current year. Each filing replaced an arbitrary assessment with a real one. The account is current. Filing on real numbers rather than CRA estimates reduced the balance by $80,000, and a relief application addressed part of the accumulated interest.

Case Study 3

Second-Province Expansion Handled, $90,000 Of Cash Released — Medical Imaging Clinic, London

A medical imaging clinic in London, Ontario expanded into a second province. The file already carried sector-specific exposure the previous accountant had not seen before. Every obligation was set up in advance and $90,000 of cash released.

Revenue at a medical imaging clinic in London, Ontario was up sharply and cash was tighter than ever. Underneath it sat sector-specific exposure the previous accountant had not seen before. We assessed and claimed Ontario Made Manufacturing Investment Tax Credit alongside the federal return. Every new obligation was set up before it was triggered, not after. That covered registration, remittance frequency and provincial filing. $90,000 of cash was released from the working capital cycle. The expansion completed with every registration and filing obligation covered from day one.

Case Study 4

3-Week Turnaround Beat The Deadline And Saved $22,500 — Two-Dentist Practice, London

A 3-week rebuild at a two-dentist practice in London, Ontario got the filing in with 13 days to spare. That avoided $22,500 in penalties.

A two-dentist practice in London, Ontario was weeks away from the deadline for its ON tax and accounting file. Behind that sat out-of-province sales billed at the ON rate instead of the customer’s. The exposure if the date slipped was around $22,500. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty. The filing went in complete rather than provisional, so there was no amended return to follow. Filed with 13 days to spare. $22,500 in late-filing penalties avoided, and the working papers are ready for the following year.

Case Study 5

Intergenerational Transfer Completed With $345,000 Deferred — IT Managed-Services Provider, London

A family transfer at an IT managed-services provider in London, Ontario would have been fully taxable. The reason was a minute book with no resolutions behind a decade of dividends. Restructuring deferred $345,000.

A generational transfer at an IT managed-services provider in London, Ontario had been discussed for years without a plan. A minute book with no resolutions behind a decade of dividends meant the transfer as contemplated would have been fully taxable. We rebuilt the sales ledger by customer location, applied the correct place-of-supply rate to each stream, and filed the adjusted HST returns. We sequenced the steps so each one was complete and documented before the next depended on it. $345,000 of tax was deferred through the transfer, and the successor generation took over a corporation whose records stood up to review.

Case Study 6

$56,000 Cut From The Annual Tax Bill — Furniture Manufacturer, London

A furniture manufacturer in London, Ontario was filing correctly and still overpaying. The reason was a provincial payroll levy that had never been registered for or remitted. Restructuring the position cut $56,000 from the annual bill.

A furniture manufacturer in London, Ontario was compliant but paying more than it needed to. The prior year had been filed correctly. It still left a provincial payroll levy that had never been registered for or remitted on the table. We modelled the current position against the alternatives before changing anything. Then we assessed and claimed Ontario Innovation Tax Credit alongside the federal return. The change saved $56,000 in the first year and repeats annually. Nothing about the filings became more aggressive. The position is simply the one the rules already allowed.

Our Expert London Accounting Firm & Team

Meet the specialists behind your London filings. Our Partners Are Alumni of the World's Top Accounting and Tax Institutions

Udit Gupta

Udit Gupta

CEO & Founder

CA (ICAI), CA (MIA), CPA Canada (In-Depth Tax Program)

Abhinav Gupta

Abhinav Gupta

Canada Tax / International Tax

Canada Tax, International Tax, Cross Border Tax, Transfer Pricing

Raghav Gupta

Raghav Gupta

International Tax Expert

International Tax, Transfer Pricing Specialist

Anmol Mittal

Anmol Mittal

Canada Tax Expert

CA (ICAI), Canada Tax Expert

Vinayak Indolia

Vinayak Indolia

CFO Advisory

CA. Fractional CFO and Senior Advisory Specialist

Other Ontario Cities We Serve

We serve businesses and individuals cross-province. Connect with our experts near you.

London Tax Filing Questions We Hear Most Often

Direct answers to what Canadian business owners actually ask before hiring an accountant.

How much does a tax accountant in London cost?

Corporate tax filing starts at $90 and monthly bookkeeping at $10, the same fixed rates we charge nationally. London businesses pay no location premium, and the quote is agreed before work starts. See the full pricing breakdown.

Do I need to meet my London accountant in person?

No. Everything runs through a secure portal with e-signatures, so documents never travel by mail and nothing is lost in transit. Clients across London complete an entire filing without a single in-person meeting, though calls are always available.

Which tax deadlines apply to London businesses?

Corporate T2 returns are due six months after your fiscal year-end, with any balance owing payable within two or three months depending on your CCPC status. Personal T1 returns are due April 30, and June 15 for the self-employed. GST/HST depends on your filing frequency.

Can you handle both my corporate and personal returns?

Yes, and doing both together is where most of the planning value sits. Salary-versus-dividend mix, shareholder loans and RRSP room interact across the two returns, and treating them separately is how owners overpay. Explore all our services.

What if my books are behind by several years?

That is routine work for us. We rebuild the ledger year by year, file the outstanding returns in sequence, and where eligible apply to the CRA's Voluntary Disclosures Program to reduce penalties and interest.

Are you taking on new clients in London?

Yes, we are actively taking on new corporate and personal clients in London, including mid-season transfers from another accountant. Transferring is straightforward and we request the prior files on your behalf.

What industries do you serve in London?

Construction, healthcare and medical practices, restaurants, e-commerce, real estate, transportation, professional services, technology startups and registered non-profits. Each carries a distinct deduction profile. See our industry specialisms.

How do I switch to your firm from my current accountant?

Tell us who currently holds your files and we handle the professional handover, including requesting working papers and prior-year returns. There is no gap in your compliance and no awkward conversation required on your side.

What is the deadline for filing corporate taxes in London?

In London, corporate tax returns (T2) are due within six months of the corporation's fiscal year-end. If you owe tax, the balance must be paid within 2 or 3 months of the year-end.

How much do tax accountants in London charge?

Our personal tax filing services in London start from $25, and corporate tax returns start from $90, offered under our 100% Risk-Free price match guarantee.

Does your accounting firm handle CRA audits for clients in London?

Yes! We provide direct CRA audit defense and representation services for businesses and individuals throughout Ontario and across Canada.

Do you have an office in London?

We do not have a storefront in London. Documents are exchanged on secure cloud software and everything is signed electronically, and the fee is the same in London as anywhere else in Canada, with no location premium. Our head office is at 381 Front St W, Toronto, and you can reach the team on +1-416-619-0068.

What do London businesses need to know about sales tax?

Ontario uses a single 13% HST administered by the CRA, so you file one combined return rather than separate federal and provincial ones. Most London owners meet this rule for the first time at their first year-end with us.

How is an incorporated business taxed in Ontario?

Ontario applies a 3.2% small business rate on the first $500,000 of active business income, giving a 12.2% combined federal-provincial rate. It is usually the first correction we make on a new London file.

Still have questions? View our FAQ page or contact us.

Commonly Searched London Questions

The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.

Sales tax in Ontario is 13% HST for 2026, made up of the 5% federal GST and an 8% provincial share, and it has applied at that rate since 1 July 2010. There is no separate Ontario retail sales tax on top, and the CRA administers the whole 13%. Basic groceries and prescription drugs are zero-rated, so they carry nothing. Income tax is a separate calculation with its own federal and Ontario brackets.

Online banking is the simplest route: add the CRA as a payee, select the account and tax year precisely, and pay from your chequing account. CRA My Payment takes debit card payments, and pre-authorised debit can be scheduled in My Account or My Business Account for a single amount or a run of instalments. Corporations and GST/HST registrants use the same channels under their business number. Keep the confirmation number and allow several days for the payment to post.

Ontario families receive the federal Canada Child Benefit plus the Ontario Child Benefit, and the CRA pays both together in one monthly deposit. Both are income tested, so entitlement falls as family adjusted net income rises, and both are recalculated every July from the prior year return. The provincial portion is set by Ontario and the federal portion by Ottawa, so your deposit changes when either programme is adjusted. Both spouses must file returns to keep payments running.

Three different calculations go by that name. For sales tax, multiply the price by the harmonised rate that applies to the province of supply. For income tax, apply the federal brackets and then the Ontario brackets to taxable income and subtract your credits. For payroll, the CRA payroll deductions calculator handles income tax withholding along with CPP and EI for each pay period. Look up the rates and brackets published for the year you are calculating, since they change annually.

Ontario does not issue its own refund; the Canada Revenue Agency assesses your T1 and pays the combined federal and Ontario amount. A return filed online is usually processed in about two weeks, and a non-resident return can take up to 16 weeks. Filing for the 2025 tax year opened 23 February 2026. Register for direct deposit and watch My Account for the assessment, and note that amounts you owe the CRA or certain other agencies can be applied against a refund.

Yes. Tips and gratuities are taxable income in Ontario, whether they arrive through payroll, a card terminal, a tip pool or straight cash. Where your employer controls and distributes them, they are normally run through payroll with income tax, CPP and EI withheld. Tips paid to you directly are yours to report on your own return. Keep a running daily record, because unreported tips are a common focus of CRA review in hospitality.

The CRA opens online filing in late February and begins processing returns then. For the 2025 tax year, online filing opened on 23 February 2026 and closes on 29 January 2027. Filing early does not usually get you a refund sooner than the two-week online processing window, but it does confirm benefit and credit payments that depend on your assessed return. Slips from employers and payers are generally available by then.

Yes, and you should file straight away. Returns can be filed long after the due date, and online filing for the 2025 tax year stays open until 29 January 2027. If you owe, a late-filing penalty is charged as a percentage of the balance plus a monthly amount, and interest runs from the payment due date, which was 30 April 2026 for 2025. If you are owed a refund or benefits, nothing is lost by filing late.

Yes, in more than one way. Municipalities charge annual property tax on land and any buildings on it, based on assessed value. Selling land can trigger tax on the gain, with one-half of a capital gain included in income for 2025 and 2026, or full business income if you were effectively trading in land. GST/HST often applies when a business sells vacant land, while a sale of personal-use land by an individual is frequently exempt. Provincial land transfer tax normally falls on the buyer.

Multiply the hourly rate by your weekly hours, then by the paid weeks in the year: 52 where vacation is paid, fewer where it is not. Going the other way, divide the annual salary by 52 and then by weekly hours. Either way the answer is gross pay, before income tax, CPP and EI come off, so your deposits will be smaller. Overtime, bonuses, statutory holiday pay and unpaid leave all shift the real annual total.

Taxable profit is accounting profit adjusted to the rules in the tax law. Start from net income in the financial statements, add back amounts that are not deductible, such as accounting depreciation, reserves and the non-deductible portion of meals and entertainment, then deduct tax-specific claims such as capital cost allowance and losses carried forward. The result is the figure the rates apply to: for 2026, 9% federally on the first $500,000 of active business income for a small corporation.

For account-specific questions, the CRA will discuss your own file once you have verified your identity, and its individual and business enquiry lines cover balances, slips and deadlines. For advice on what to claim or how to structure something, speak to a tax preparer. If you want the filing handled for you, taxfilings.ca agrees a fixed fee before any work starts, and you pay after the service. Call +1 (416) 619-0068.

Udit Gupta, founder of Tax Filings Canada

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 — Corporation tax rates · CRA — GST/HST rates by province · Income Tax Act (Justice Laws Website)

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Our Partners Are Alumni of the World's Top Accounting and Tax Institutions

Chartered Professional Accountants Canada AICPA — American Institute of Certified Public Accountants Institute of Chartered Accountants of India Malaysian Institute of Accountants