For incorporated IT and tech contractors
Accountant for IT Consultants & Incorporated Contractors
Accounting for an incorporated IT consultant means filing HST on your invoices, choosing how to pay yourself from the corporation and checking you are not treated as a "personal services business", which CRA taxes at a much higher rate. We handle the books and tax for contractors in Brampton and the GTA, including those working through agencies.
Brampton · Mississauga · GTA · Virtual support across Ontario
How it works
IT contractor accounting, step by step.
Exactly what happens after you get in touch, starting with one 15-minute call.
- Today
Book 15 minutes
A free, no-obligation 15-minute call on Teams or at our office at 181 Queen St E, Brampton.
- The call
Your contracts and set-up
Who you bill, through which agency, and how your corporation is set up today.
- Review
Personal services check
How your contracts and working conditions look against CRA's employee tests.
- Each year
Pay yourself on purpose
Salary or dividends, and how much to leave in the corporation, decided before year-end.
- Your move
Ready when you are
Pick a 15-minute slot that suits you. We confirm the time and scope with you directly.
What we see most often
Incorporating saves tax only if CRA agrees you are really in business.
Four common problems, and what we do about each one.
- The problem
You work for one client like an employee.
If CRA treats your corporation as a personal services business, it loses the small business rate and most expenses.
The solutionA contract review
We look at how your work is actually done against the employee tests and explain the risk plainly.
- The problem
HST on invoices is guesswork.
Most contractors must register once revenue passes $30,000. Services to clients outside Canada may be zero-rated, depending on the facts.
The solutionHST done right
We check what to charge on each client and file returns on schedule.
- The problem
You take money out with no plan.
Shareholder withdrawals that are not salary or dividends can become taxable.
The solutionA pay plan
Salary and dividends set up properly, with your personal tax in view.
- The problem
Year-end is a scramble.
Invoices, agency statements and expenses sit in different places.
The solutionBooks kept current
Monthly bookkeeping so the T2 comes from records that already balance.
WHAT WE HANDLE
One firm for the books and the tax
- Monthly bookkeeping
- GST/HST registration and returns
- Personal services business review
- Salary and dividend planning
- Corporate tax return (T2)
- Personal tax return (T1)
- Shareholder loan clean-up
- Home-office and equipment records
The exact work and fees are agreed in writing before work starts.
ANSWERS BEFORE YOU START
Common questions.
General information, not tax advice for your situation. Book 15 minutes to talk about yours.
Will incorporating lower my tax?
Sometimes, if you keep money in the corporation and your work is truly a business. We show the numbers first.
What is a personal services business?
A corporation whose owner would be an employee of the client if the corporation did not exist. CRA taxes it at a higher rate with limited expenses.
Can you help if I have not filed for a few years?
Yes. We start with the oldest deadlines first and list what is missing.
Do you only work in Brampton?
Our office is at 181 Queen St E, Brampton. We also work with contractors across Ontario on Teams.
A PRACTICAL NEXT STEP
Talk to us before
the deadline.
Share the service you need, your business type and any upcoming deadline. We’ll discuss the records, scope and next steps before work begins.