Online Accountant for Toronto Small Businesses
An online accounting firm for Toronto and the GTA
LeComptable.ca is an online accounting firm based in Montréal that works with small businesses, incorporated consultants, self-employed professionals and landlords in Toronto and across the Greater Toronto Area. Bookkeeping, HST returns, payroll and corporate tax (T2) — all done remotely, at a fixed monthly price.
- Packages from $150/month — no hourly billing
- 25 years of experience with Canadian and Ontario tax
- 100% online: no need to drive across the city for a meeting
- Service in English and French
What Toronto businesses need to know
HST at 13% — once your taxable sales exceed $30,000 over four consecutive calendar quarters, you must register and charge HST, then file monthly, quarterly or annual returns with the CRA.
Business licences — the City of Toronto requires a municipal licence for certain activities, such as eating establishments, renovators and personal services settings. Most office-based businesses (consultants, agencies, online services) do not need one.
Business name — if you operate as a sole proprietor under a name other than your own, you must register that name with the Ontario Business Registry.
Employers — payroll deductions are remitted to the CRA, the Employer Health Tax applies only above $1 million of Ontario payroll, and most employers must register with the WSIB.
Incorporated consultants — if your corporation works like an employee for a single client, as many IT and finance contractors do, it may be considered a personal services business: it then loses the small business rate and pays a much higher tax rate. We review your contracts and structure to reduce that risk.
Property owners — buying a property in Toronto means paying the Municipal Land Transfer Tax on top of Ontario’s land transfer tax, and owners of residential properties must file the annual Vacant Home Tax declaration. See all Ontario rules on our Ontario page.
Why Toronto businesses choose LeComptable.ca
Everything online
Share your documents securely and meet us by phone or video, from downtown, North York, Scarborough or anywhere in the GTA.
Fixed monthly price
Packages from $150/month, the same price everywhere in Canada. No surprise hourly bills, a welcome change from many downtown firms.
Ontario and Québec expertise
We know the tax rules of Ontario and Québec — ideal if your Toronto business has clients, staff or a branch in Québec.
One team for everything
Bookkeeping, HST, payroll, corporate and personal tax: one firm follows your whole file, all year long.
25 years of experience
Founded in 2000, LeComptable.ca has been helping small businesses and self-employed professionals with their accounting and taxes for 25 years.
Our accounting services for Toronto businesses
From monthly bookkeeping to year-end returns, we take care of all the accounting and tax obligations of your Toronto business, entirely online.
Bookkeeping
Accurate monthly bookkeeping and bank reconciliations, so you always know where your business stands.
Corporate and personal tax
Your T2 corporate return with Ontario Schedule 500, and your personal return (T1 and ON428).
HST returns
HST registration, monthly, quarterly or annual returns and input tax credits claimed correctly.
Payroll and EHT
Payroll, CRA source deduction remittances, T4 slips and the Employer Health Tax return when it applies.
Tax planning
Salary or dividends, incorporation, expenses: we help you pay less tax legally, year after year.
Industries we work with in Toronto
| Tech and IT consultants | Incorporated contractors, agencies and software start-ups: HST, salary or dividends, personal services business review. |
| Professional services | Consultants, law firms, medical and dental clinics. |
| Construction and renovation | Contractors and renovators: job costing, holdbacks, T5018. |
| Real estate investors | Condo and multiplex owners: rental income, capital cost allowance, land transfer taxes. |
| Restaurants and cafés | Food service: POS reconciliation, tips, food costs. |
| Online stores | E-commerce sellers: Shopify, Amazon, HST by province. |
Example: an IT contractor in Toronto
An incorporated IT consultant bills a Toronto bank $180,000 a year through a personal corporation.
- The corporation registers for HST and charges 13%: $23,400 of HST collected over the year, minus input tax credits on business expenses.
- Because the consultant works mostly for one client, we review the contract and working conditions to limit the risk of being treated as a personal services business.
- We choose the right mix of salary and dividends and plan the corporation’s tax instalments.
What we do for this client: monthly bookkeeping, quarterly HST returns, payroll and T4/T5 slips, the T2 corporate return and the owner’s personal return.
Areas we serve in Toronto and the GTA
We work with businesses in downtown Toronto, North York, Scarborough, Etobicoke, East York and York, and across the GTA: Mississauga, Brampton, Markham, Vaughan, Richmond Hill and Oakville — entirely online. Same team, same service and same prices as for our Montréal clients. See also our page for all of Ontario.
Frequently asked questions: accountant in Toronto
Can an online accounting firm based in Montréal handle my Toronto business?
Yes. Your corporate and personal income tax, HST and payroll deductions are all filed with the CRA, and we know the Ontario rules. We work with Toronto clients entirely online.
Do I need a business licence in Toronto?
Only for certain activities regulated by the City, such as eating establishments, renovators or personal services settings. Most office-based businesses do not need a municipal licence, but sole proprietors using a business name must register it with the Ontario Business Registry.
What is the HST rate in Toronto?
13%, like everywhere in Ontario: 5% federal GST plus 8% provincial. It is filed on a single return with the CRA.
I am an incorporated IT consultant in Toronto. Am I a personal services business?
You may be, if your corporation works like an employee for a single client. A personal services business loses the small business rate and pays a much higher tax rate. We review your contracts and working conditions and advise you on how to reduce that risk.
Do Toronto landlords pay extra taxes?
Buyers in Toronto pay the Municipal Land Transfer Tax on top of Ontario’s land transfer tax, and owners of residential properties must file an annual Vacant Home Tax declaration. Rental income is reported on form T776 with your tax return.
Do I need to meet you in person?
No. Everything is done online: secure document sharing, phone and video meetings.
Do you serve the whole GTA?
Yes: Toronto, Mississauga, Brampton, Markham, Vaughan, Richmond Hill, Oakville and the rest of the Greater Toronto Area, as well as all of Ontario.
How much does an accountant cost for a small business in Toronto?
At LeComptable.ca, packages start at $150 per month, the same price everywhere in Canada. The T2 corporate return is $500 + tax for package clients. See our pricing.
