What If I Have More Transactions?
No problem! If your business grows and exceeds 50 transactions per month, we charge:
- $2.50 per additional transaction
We'll let you know if you're approaching the limit so there are no surprises.
What's NOT Included?
These services are available at $150/hour:
- Payroll processing and T4 slips
- Inventory management
- Tax planning consultations (beyond basic advice)
- CRA audit support
- Amended tax returns
- Personal tax returns (T1)
- Multiple bank accounts (more than 2)
- Multiple currencies
Your Responsibilities
To keep things running smoothly, we need you to:
- Send us bank and credit card statements by the 10th of each month
- Provide all receipts and invoices
- Let us know about any big changes in your business
- Forward any CRA letters within 48 hours
- Give us year-end info
- Review and approve your tax returns within 5 business days
Important Things You Should Know
This Is a "Compilation" Service
This means:
- We prepare your books from the information YOU provide
- We don't audit or verify your numbers
- You're responsible for the accuracy of what you give us
- These statements are for tax purposes and internal use (not for bank loans)
Personal Service Business Warning
If your corporation might be a "Personal Service Business" under tax law:
- You may not qualify for small business tax rates
- Some expenses might not be deductible
- We'll help you understand if this applies to you
We Can't Detect Fraud
Our services are not designed to catch:
- Employee theft
- Fraud or embezzlement
- Errors in your records
You need to have your own controls in place.
Data & Security
- Your data is stored on secure, encrypted cloud servers
- Everything is backed up regularly
- We keep your information confidential
- You can export your data anytime
- We keep records for 7 years as required by law
Contract Terms
How Long Is the Agreement?
- One year (your fiscal year)
- Automatically renews each year unless you give 60 days notice
Can I Cancel?
- Yes, with 30 days notice
- You'll pay for services up to the cancellation date
- We'll give you all your data and files
What If There's a Problem?
- We'll talk it out first
- If needed, we'll use mediation
- Our liability is capped at the lesser of: the fees you paid for that service, or $25,000
CRA Authorization
By working with us, you authorize us to:
- Talk to CRA on your behalf
- File your tax returns electronically
- Receive notices from CRA about your account
- Discuss your tax situation with CRA