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From incorporation to year-end, Markham businesses and individuals get their tax filing, bookkeeping and accounting handled on a fixed fee. You approve the fee before the work starts and pay after it is delivered.
No hidden fees. Pay only after your service is completed. The fee is agreed before any work starts.
Markham's tech head offices, life-science firms and incorporated professionals rely on Tax Filings Canada for T2 corporate and T1 personal filing, Ontario's 13% HST, bookkeeping and payroll — fixed fees agreed up front, payment only after your work is filed.
Share your records in one go or in pieces as you find them.
Our preparers work through your Markham tax filing file and note anything worth discussing.
You approve the final version only after your questions are answered.
We submit on your behalf and keep the paper trail organized for you.
| 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 |
Markham hosts one of Canada's largest concentrations of tech head offices and life-science firms, so equity compensation and R&D drive its files: employee stock options under the $200,000 non-CCPC vesting limit, RSU timing, and SR&ED claims topped up by the Ontario Innovation Tax Credit. The city's dense professional corporations manage the passive-income grind on the small business deduction once portfolio earnings pass $50,000, all inside Ontario's 3.2% small business rate.
Notes for Markham businesses, from a tax preparation specialist who files in Ontario every week.
Sales tax is where Ontario differs most from its neighbours. Ontario uses a single 13% HST administered by the CRA, so you file one combined return rather than separate federal and provincial ones. We build every Markham engagement around that fact.
Every year we run the same exercise with incorporated Markham clients: hold the provincial rate picture up against the draft numbers. 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. The planning window closes with the fiscal year, so the review has to happen while there is still time to act.
Before a Markham business runs its first pay cycle, we check the provincial levy position. Employer Health Tax (EHT) applies above a $1,000,000 annual payroll exemption for eligible employers. Knowing where you stand against it determines how the payroll accounts get set up.
Ask your tax preparation specialist to walk the provincial program list against your year. Programs such as Ontario Innovation Tax Credit, Ontario Made Manufacturing Investment Tax Credit, Ontario Regional Opportunities Investment Tax Credit exist precisely for activities many Ontario businesses already do; the only way to know whether yours qualify is to check. Most Markham owners meet this rule for the first time at their first year-end with us.
Local knowledge in tax work is really sector knowledge. Markham runs on finance, professional services, manufacturing, technology and healthcare, so that is where a tax expert's pattern recognition gets built — and where it pays off on your return.
The thing your postal code will never change is our price. We serve all of Canada at the same fixed fee — no location premium — and payment only happens after you have reviewed the finished work. For a Markham business, that is the ground floor of the filing.
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Our team of experienced Tax Accountants provides Markham 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 Markham clients.
Providing tailored Markham tax filing and planning to reduce liabilities, maximize refunds, and ensure CRA compliance.
100% risk-free Markham tax filing with clear pricing, no hidden fees, plus support for personal taxes, small business accounting, and bookkeeping.
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Tailored compliance, tracking, and tax solutions for Markham businesses.
Tailored compliance, tracking, and tax solutions for Markham businesses.
Tailored compliance, tracking, and tax solutions for Markham businesses.
Tailored compliance, tracking, and tax solutions for Markham businesses.
Tailored compliance, tracking, and tax solutions for Markham businesses.
Tailored compliance, tracking, and tax solutions for Markham businesses.
Tailored compliance, tracking, and tax solutions for Markham businesses.
Tailored compliance, tracking, and tax solutions for Markham businesses.
Tailored compliance, tracking, and tax solutions for Markham businesses.
Tax 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."
Explore our accounting and corporate tax services tailored for Markham's major business sectors.
Specialized compliance accounting and tax optimization designed for medical clinics, general practitioners, dentists, and pharmacists in Markham.
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.
See how our expert Markham tax and accounting services have helped Canadian businesses save money and stay compliant.
A psychology practice in Markham, Ontario was filing correctly and still overpaying. The reason was 13% HST charged on every sale regardless of where the customer was located. Restructuring the position cut $26,000 from the annual bill.
A psychology practice in Markham, Ontario was compliant but paying more than it needed to. The prior year had been filed correctly. It still left 13% HST charged on every sale regardless of where the customer was located on the table. We modelled the current position against the alternatives before changing anything. Then we recalculated the corporate tax at the 12.2% combined small business rate and rebased the instalments on the current year. The change saved $26,000 in the first year and repeats annually. Nothing about the filings became more aggressive. The position is simply the one the rules already allowed.
5 years of returns were outstanding at a two-partner engineering practice in Markham, Ontario. That came on top of a provincial payroll levy that had never been registered for or remitted. Filing on real numbers removed $137,000 of assessed tax.
A two-partner engineering practice in Markham, Ontario had not filed for 5 years. The CRA had issued arbitrary assessments. The business was carrying a provincial payroll levy that had never been registered for or remitted. That came on top of a growing interest balance. We started with the oldest year and worked forward so each year's closing balances fed the next. We assessed and claimed Ontario Innovation Tax Credit alongside the federal return. We filed the years in sequence rather than all at once. Every year is now filed and assessed on actual figures. The notional assessments were vacated and $137,000 of the estimated balance came off, with a payment arrangement covering the rest.
A specialty chemicals producer in Markham, Ontario was overpaying instalments. The cause was instalments still calculated on a year the business had long outgrown. Rebasing them returned $106,000 to the business.
A specialty chemicals producer in Markham, Ontario was paying instalments calculated on a prior year. That year no longer reflected the business. Instalments still calculated on a year the business had long outgrown was tying up $106,000 of cash. We rebased the instalments on the current-year estimate rather than the prior-year default. Alongside that, we rebuilt the sales ledger by customer location, applied the correct place-of-supply rate to each stream, and filed the adjusted HST returns. $106,000 of cash stayed in the business, the penalty cycle ended, and the instalment position is reviewed each quarter against actual results.
Due diligence at a veterinary hospital in Markham, Ontario surfaced passive assets sitting inside the operating company, disqualifying the shares. Restructuring the sale saved $560,000 against the original terms.
A veterinary hospital in Markham, Ontario was preparing to sell. Due diligence surfaced passive assets sitting inside the operating company, disqualifying the shares. That would have reduced the price or killed the deal outright. We cleaned up the historical file. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty. Then we prepared the due-diligence package the buyer's advisers actually asked for. The deal closed at the agreed price. $560,000 of tax was saved against the structure originally proposed, with no post-closing adjustment.
25 months of records at a boutique law firm in Markham, Ontario had never been reconciled. That left sector-specific exposure the previous accountant had not seen before. Rebuilding recovered $4,400.
Nothing reconciled at a boutique law firm in Markham, Ontario. Every filing started with 25 months of cleanup. The file was carrying sector-specific exposure the previous accountant had not seen before. We rebuilt from source rather than correcting on top of the existing file. We assessed and claimed Ontario Made Manufacturing Investment Tax Credit alongside the federal return. Then we set the routine that keeps it clean. 25 months reconciled to the bank. The close now takes 8 days, and $4,400 of previously unclaimable input tax was recovered in the process.
A millwork shop in Markham, Ontario had never tested its work against the eligibility rules. The resulting $109,000 claim was accepted without adjustment.
A millwork shop in Markham, Ontario assumed the credits did not apply to a business its size. Ontario Regional Opportunities Investment Tax Credit eligibility that had never been assessed meant they had applied all along. We identified the qualifying activity and built the documentation to support it. Then we recalculated the corporate tax at the 12.2% combined small business rate and rebased the instalments on the current year. $109,000 recovered. Because the eligibility analysis is on file, the same claim can be repeated each year with a fraction of the effort.
Meet the specialists behind your Markham 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
We serve businesses and individuals cross-province. Connect with our experts near you.
Direct answers to what Canadian business owners actually ask before hiring an accountant.
Corporate tax filing starts at $90 and monthly bookkeeping at $10, the same fixed rates we charge nationally. Markham businesses pay no location premium, and the quote is agreed before work starts. See the full pricing breakdown.
No. Everything runs through a secure portal with e-signatures, so documents never travel by mail and nothing is lost in transit. Clients across Markham complete an entire filing without a single in-person meeting, though calls are always available.
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.
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.
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.
Yes, we are actively taking on new corporate and personal clients in Markham, including mid-season transfers from another accountant. Transferring is straightforward and we request the prior files on your behalf.
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.
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.
In Markham, 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.
Our personal tax filing services in Markham start from $25, and corporate tax returns start from $90, offered under our 100% Risk-Free price match guarantee.
Yes! We provide direct CRA audit defense and representation services for businesses and individuals throughout Ontario and across Canada.
We do not have a storefront in Markham. Documents are exchanged on secure cloud software and everything is signed electronically, and the fee is the same in Markham 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.
Ontario uses a single 13% HST administered by the CRA, so you file one combined return rather than separate federal and provincial ones. Markham clients feel this one directly on the first return we file together.
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 shapes how we scope every Markham file.
The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.
The Ontario HST rate is 13% for 2026, and it has been 13% since 1 July 2010. That single rate carries a 5% federal component and an 8% Ontario component, and the CRA collects and administers all of it. Place-of-supply rules decide which province's rate applies, so goods delivered in Ontario take 13% and a delivery into Nova Scotia takes 14%. Basic groceries are zero-rated at 0%, while exempt supplies such as most long-term residential rent carry no HST and no input tax recovery.
Rental income is added to your other income and taxed at your marginal rate. You report gross rent and deduct reasonable expenses such as mortgage interest, property tax, insurance, utilities, repairs, condo fees, advertising and management on the rental schedule of your T1. Improvements are capitalised and claimed through capital cost allowance rather than deducted at once. A rental loss can usually offset other income, and when you sell, half the gain is taxable for 2025 and 2026.
No single legal definition exists. The CRA does not publish a low-income line; instead each benefit and credit has its own income test, and payments such as the GST/HST credit, the Canada workers benefit and the Ontario Trillium Benefit phase out as family net income rises. Statistics Canada's low-income measures vary by household size and community. File a return even on very little income, because those benefits are calculated from the return.
About $12,475 at 2026 rates on an $800,000 purchase outside Toronto: $275 on the first $55,000, $1,950 up to $250,000, $2,250 up to $400,000, and $8,000 on the remaining $400,000. A $500,000 purchase works out to $6,475. If the property sits inside the City of Toronto, the city charges its own municipal land transfer tax on top of this amount.
Divide the tax-included total by one plus the tax rate. In Ontario, divide by 1.13 to get the pre-tax amount; the difference is the 13% HST. Use 1.05 for GST-only provinces, 1.14 in Nova Scotia since 1 April 2025, and 1.15 in New Brunswick, Newfoundland and Labrador and Prince Edward Island. Quebec is different: QST of 9.975% applies to the pre-GST price, so divide by 1.14975 for the combined amount.
Withhold three things from each pay: income tax, CPP and EI. For 2026, CPP is 5.95% from the employee and 5.95% from the employer on pensionable earnings between the $3,500 basic exemption and the $74,600 ceiling, plus CPP2 at 4% up to $85,000. EI is $1.63 per $100 of insurable earnings for the employee, and the employer pays 1.4 times that. Use the CRA payroll deductions online calculator, then remit by your assigned due date.
Most returns are transmitted electronically, so nothing is mailed and no receipts are sent in. Keep your slips and receipts for six years from the end of the last tax year they relate to, and send them only if the CRA asks. If you file on paper, the return goes to the tax centre for your province of residence, listed on the CRA's page for mailing a paper return. Documents the CRA requests can be uploaded through My Account.
Yes. Termination and severance pay are employment income, taxable in the year you receive them and reported on a slip from the employer. Withholding is at a flat lump-sum rate that often differs from your marginal rate, so a balance can be owing at filing. An eligible retiring allowance may be transferred directly to an RRSP within your available room, deferring the tax. Legal fees paid to collect the amount are generally deductible against it.
Ontario auto insurance premiums carry no HST, because insurance is an exempt financial service rather than a taxable supply. Ontario has no PST; it does levy its own retail sales tax on certain premiums, mainly group life and health plans and some benefit-plan contributions, and automobile insurance premiums are not among them. That premium tax is not recoverable the way an input tax credit is. Confirm current details on the Ontario Ministry of Finance insurance premium page.
Often yes. A non-resident business making taxable supplies in Canada must register and charge GST/HST once it passes $30,000 of taxable revenue over four consecutive calendar quarters or within a single quarter, using the rate for the customer's province: 5% GST, 13% in Ontario, 14% in Nova Scotia from 1 April 2025. Simplified registration rules apply to digital products and platform sales to Canadian consumers. A US supplier also pays GST/HST on its own Canadian purchases.
Not automatically. Rates change only when Parliament or a legislature enacts a change, and recent movement has gone both ways: the federal bottom bracket rate is 14% for 2026, and Ontario's small business rate falls from 3.2% to 2.2% effective 1 July 2026. What does change every year is bracket and credit indexing to inflation, which lifts the income thresholds. Check the CRA's rates page for the year you are filing.
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.
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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