Richmond Hill, Ontario
Accountant in Richmond Hill for Incorporated Businesses
Wealthy Wave Accounting keeps the books, files HST and payroll, and prepares the corporate tax return for incorporated businesses in Richmond Hill: professional practices, home-based consultancies, family-run shops and owners who arrived in Canada in the last few years. Our office is in Brampton, west along the 407, and most Richmond Hill clients work with us on Teams.
Richmond Hill · Served from Brampton · Teams across Ontario
How it works
Working with us from Richmond Hill, 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
Where the business stands today
Who owns the company, who works in it, whether you are new to Canada, and what is due to CRA next.
- First month
Records put in order
We bring the books up to date, check the payroll accounts and HST filings, and list anything late or missing.
- All year
Decisions made before year-end
Pay for you and your family, the car, the home office and money left in the company 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.
RICHMOND HILL AND BRAMPTON
Why Richmond Hill owners work with a Brampton firm
Richmond Hill sits in the middle of York Region, between Vaughan and Markham, with Yonge Street running through the centre. Its business life is spread out: medical and dental offices clustered around Mackenzie Richmond Hill Hospital on Trench Street and along Major Mackenzie Drive, accounting, engineering and design practices in the plazas on Highway 7 and Leslie Street, and a large number of companies run from a home office by owners who commute nowhere at all.
A good share of those owners are families who settled in Canada in the last ten or fifteen years. They often arrive with savings, property or a business back home, start or buy a company here, and bring a spouse or adult children into it. That mix creates questions a long-settled local business rarely faces: what the company should pay each family member, how a home office is handled when the owner is incorporated, and what was already owned abroad on the day they became residents.
Our office is at 181 Queen St E, Unit 5, in Brampton. By car it is usually 35 to 50 minutes along the 407, so most Richmond Hill clients never need to come in. Records come to us through a secure link and we meet on Teams at a time agreed in advance. If you would rather meet in person, book a time at the Brampton office.
What we see most often
In Richmond Hill, the questions we hear most are about family, the home and money from before Canada.
Four common problems, and what we do about each one.
- The problem
Family on the payroll with no paper trail.
Your spouse handles the books and your son answers the phones, and the company pays each of them a round number once a year with no timesheets or payroll records. If CRA asks what they did, there is little to show.
The solutionPay that matches the work
We set up proper payroll for family members, keep a short record of who does what, and help you choose an amount you could explain to CRA, alongside the dividend option where it fits.
- The problem
The home office nobody has worked out.
The business is run from the basement or a spare room, but the company has never paid rent or reimbursed any costs, or it pays the whole household bill. Either way, the numbers on the return are hard to defend.
The solutionA home office set up properly
We work out the business share of the space and costs, choose between reimbursement and other options with you, and record it the same way every month.
- The problem
Savings and property from before Canada.
You moved here with investments, a flat or a share of a family business abroad, and nobody ever wrote down what they were worth on the day you arrived. Years later, a sale or a reporting form needs that number.
The solutionValues recorded, forms checked
We help you document what you owned when you became resident and check each year which foreign reporting forms apply to you or the company.
- The problem
A company car that is half personal.
The corporation leases an SUV that also does the school run and the weekend trips. Without a log, the personal use is a guess and the taxable benefit is either missing or overstated.
The solutionA simple log and the right benefit
We show you what to record, calculate the benefit on your T4, and compare it with owning the car personally and charging the company for business kilometres.
BY INDUSTRY
Who we help in Richmond Hill
Each link opens our full page for that industry or service. The same small team looks after Richmond Hill and Brampton clients.
Doctors in Richmond Hill
Incorporated physicians at Mackenzie Richmond Hill Hospital and local clinics: a free tax and estate planning session first.
02Dentists in Richmond Hill
Dental professional corporations: owner and associate income, clinic payroll and year-end.
03IT consultants in Richmond Hill
Home-based incorporated contractors: HST, owner pay and the one-client question.
04Realtors in Richmond Hill
Agents and teams in York Region: commission income, HST and personal real estate corporations.
05Restaurants in Richmond Hill
Restaurants, cafes and bakeries: daily sales, tips, payroll and HST.
06Payroll for family businesses
Payroll accounts, remittances and T4s, including spouses and children who work in the company.
07Holding companies and restructuring
For owners whose operating company now holds surplus cash, investments or property.
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 registration and returns
- Payroll for owners and family members, T4s and remittances
- Salary and dividend planning for the family
- Home office and vehicle records for incorporated owners
- Foreign property reporting checks for newcomers
- Personal tax returns for owners and their families
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 Richmond Hill?
No. Our only office is at 181 Queen St E, Unit 5, Brampton. Richmond Hill clients work with us on Teams and share records through a secure link, and you can visit the Brampton office by appointment.
Can my corporation pay my spouse or children?
Yes, if they do real work for the company and the pay is reasonable for that work. We set up payroll for them and keep a record of their duties so the amount can be explained if CRA asks.
I moved to Canada recently and own property abroad. What should I do?
Write down what each item was worth on the day you became a resident, and keep the evidence. Depending on the total cost of what you hold outside Canada, you may also need to file Form T1135 each year. We go through this at the first year-end.
I run my company from home. Can it pay for my home office?
Often, yes, for the share of the home used for the business, but the right method depends on how the space is used and what you want on your personal return. We work it out with you and record it the same way each year.
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.