North York, Toronto
Accountant in North York for Incorporated Businesses
Wealthy Wave Accounting prepares corporate tax returns, keeps the books and files HST and payroll for incorporated businesses in North York: medical and dental practices, consultants who left a head office job to work for themselves, importers and wholesalers, and family companies. Our office is in Brampton, west along the 401, and most North York clients work with us on Teams.
North York · Served from Brampton · Teams across Ontario
How it works
Working with us from North York, 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
How the company really runs
What you sell, who you share space or staff with, how money leaves the company for you, and what CRA expects next.
- First month
The balance sheet checked
We read the last T2 and the shareholder account line by line, and list any loan, filing or payroll item that needs fixing.
- All year
Year-end decided in advance
Owner pay, money owed to or by you, and costs shared with other companies are settled before the year closes.
- Your move
Ready when you are
Pick a 15-minute slot that suits you. We confirm the time and scope with you directly.
NORTH YORK AND BRAMPTON
Why North York owners work with a Brampton firm
North York is part of the City of Toronto, but it works like a city of its own. The office towers around Yonge and Sheppard and North York Centre hold insurance, software and head office teams. Medical and dental offices gather near North York General Hospital on Leslie Street and Humber River Hospital on Wilson Avenue. The industrial blocks around Dufferin and Finch and the Downsview lands are full of importers, wholesalers, printers and trades, and the plazas along Yonge, Bathurst and Steeles carry restaurants and family shops.
The tax questions follow the same lines. A practice that shares a suite with other professionals has to split rent and staff costs fairly between separate corporations. An importer pays GST to the border agency and needs to claim it back. Someone who leaves a salaried job at a North York head office and incorporates a consultancy has a first year full of choices: the year-end date, when to register for HST, and how to take money out. And in long-running family companies, the owner often borrows from the business for years before anyone checks the balance.
Our office is at 181 Queen St E, Unit 5, in Brampton. By car it is usually 35 to 50 minutes along the 401, so most North York clients never make the trip. Records come to us through a secure link and we meet on Teams at a time agreed in advance. If you would rather sit down in person, book a time at the Brampton office.
What we see most often
In North York, the quiet problems sit on the balance sheet, where owners rarely look.
Four common problems, and what we do about each one.
- The problem
The owner's loan that never gets repaid.
Money for a tuition bill, a down payment or a family trip comes out of the company and is booked as a loan to you. Years pass, the balance grows, and if it is not cleared in time CRA can add it to your personal income in one go.
The solutionThe shareholder account kept clean
We review the balance every year before the deadline, show you the options to clear it with salary, dividends or repayment, and record the choice properly.
- The problem
Several corporations under one roof.
Two doctors, a dentist and a physiotherapist share a suite, a receptionist and a lease near North York General. One company pays everything and the others send money when they remember, so nobody's books show their true costs.
The solutionCosts split on a written basis
We set up a simple cost-sharing method, record each corporation's share every month and check how HST applies to amounts recovered from the others.
- The problem
GST paid at the border and left unclaimed.
A wholesaler near Dufferin and Finch brings in containers every month. The customs broker pays GST to the border agency and bills it back, but those amounts land in the general expenses and are never claimed on the HST return.
The solutionImport GST matched and claimed
We match each customs statement to the broker's invoices, claim the eligible GST as input tax credits, and keep the papers in case CRA asks to see them.
- The problem
A new consultancy set up in a hurry.
You leave a salaried role in a Yonge and Sheppard tower and incorporate in a week. The year-end, HST registration and how you will pay yourself are left until the first tax return, when some of the best choices have already passed.
The solutionThe first year planned from day one
We help you pick a year-end, tell you when HST registration becomes required, and set your pay and instalments before the first invoice goes out.
BY INDUSTRY
Who we help in North York
Each link opens our full page for that industry or service. The same small team looks after North York and Brampton clients.
Doctors in North York
Incorporated physicians at North York General, Humber River and local clinics: a free tax and estate planning session first.
02Dentists in North York
Dental professional corporations: owner and associate income, shared office costs and clinic payroll.
03IT consultants in North York
Incorporated contractors billing banks, insurers and agencies: HST, owner pay and the one-client question.
04Restaurants in North York
Restaurants and cafes along Yonge, Bathurst and Steeles: daily sales, tips, payroll and HST.
05Contractors in North York
Trades and renovation companies: job costing, holdbacks, HST, WSIB and T5018 slips.
06The rest of Toronto
Our Toronto page covers the city's own land transfer tax and the Vacant Home Tax declaration.
07Sample CFO reports
Monthly reports and cash forecasts that show what the company earned and what it owes you.
WHAT WE HANDLE
One firm for the books and the tax
- Corporate tax return (T2) and year-end statements
- Monthly or quarterly bookkeeping
- GST/HST returns, including GST paid on imports
- Payroll, remittances, T4s and Employer Health Tax
- Shareholder loan reviews before the deadline
- Cost-sharing records for offices shared by several corporations
- First-year set-up for new consultancies
- Salary and dividend planning for you and your family
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.
Do you have an office in North York?
No. Our only office is at 181 Queen St E, Unit 5, Brampton. North York clients work with us on Teams and share records through a secure link, and you can visit the Brampton office by appointment.
I have borrowed money from my company. What should I do?
Send us the shareholder account balance and the company's year-end date. We tell you when the loan must be dealt with and the tax effect of repaying it, taking a salary or declaring a dividend to clear it.
We share an office with other professionals. Can you keep each company separate?
Yes. Each corporation has its own books and its own engagement. We record the shared costs on an agreed basis, and nothing about one company is shared with another without consent.
I import goods. Can I claim the GST I paid at the border?
Usually, if you are registered for GST/HST and the goods are for your business. We match the customs paperwork to your books and claim it on your return.
How are fees set?
After the first call we quote in writing, based on the work your company needs. Nothing starts until you agree.
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.