Tax Services in Toronto

Good Monday provides corporate tax preparation, tax planning, and CRA compliance support for small businesses across Toronto and the GTA. We handle everything from T2 corporate returns and GST/HST filings to year-round tax planning designed to legally minimize what you owe — so tax season is never a surprise.

What's Included in Our Tax Services

01

Corporate Tax Returns (T2)

We prepare and file your corporation’s T2 return accurately and on time, applying every deduction and credit your business is legally entitled to — not just the obvious ones.
02

Tax Planning & Efficiency Strategies

Tax planning happens throughout the year, not in the last week of March. We build a plan tailored to your business structure, income timing, and growth stage to legally reduce your tax liability and avoid surprises.

03

Financial Statements for Tax Filing

We compile accurate Notice to Reader (NTR) financial statements that satisfy CRA requirements and give lenders, partners, or investors a clear picture of your business.

04

Estimated Tax Payments

If your business needs to make quarterly tax instalments, we calculate the right amounts and track due dates so you avoid CRA interest and penalties for underpayment.

05

GST/HST Filing & Compliance

We handle GST/HST return preparation and filing on your required schedule (monthly, quarterly, or annual), and help you register correctly if you’re approaching the revenue threshold.

06

Payroll Tax Remittances

Payroll deductions, CPP, EI, and source deduction remittances are prepared and submitted accurately and on time, keeping you compliant with CRA payroll requirements.

07

T4 and T4A Preparation

We prepare and file T4s and T4As for your employees and contractors each year, using payroll software that keeps your records audit-ready.
08

Audit Support

If the CRA opens a review or audit of your business, we organize your records, respond to CRA correspondence, and liaise directly with auditors on your behalf so you’re not navigating it alone.

Who We Help

Good Monday’s tax services are built for small and growing businesses in Toronto — from sole proprietors and startups to established corporations with employees. We work with:

How Our Tax Process Works

01

Consultation

We learn about your business, current bookkeeping setup, and any outstanding tax concerns.
02

Records review

We review your books, prior filings, and financial statements to identify what’s needed and flag anything that needs cleanup first.
03

Preparation & planning

We prepare your return and financial statements, and flag tax-saving opportunities for the current and next fiscal year.

04

Filing & confirmation

We file with the CRA and confirm receipt, so you have a clear record of what was submitted and when.
05

Year-round check-ins

We don’t disappear until next tax season. Quarterly or monthly check-ins keep you ahead of instalments, deadlines, and planning opportunities.

Why Toronto Small Businesses Choose Good Monday for Tax Services

Clear communication, year-round planning, and practical tax support built around how small businesses actually operate.
01

Proactive, not reactive.

We flag tax-saving opportunities and deadlines before they become problems — not after.
02

One dedicated contact.

You work with someone who knows your business, not a rotating call center.
03

Transparent, published pricing.

See our packages and know what to expect before work begins.
04

Toronto small-business experience.

3 years supporting Toronto small businesses, with clients in hospitality, construction, professional services, and more.

Key Tax Deadlines for Toronto Small Businesses

Filing
Typical Deadline
Corporate tax return (T2)

6 months after your fiscal year-end

Balance owing (corporate tax)
2–3 months after fiscal year-end (varies by CCPC status)

GST/HST return (monthly/ quarterly filers)

1 month after the reporting period ends
GST/HST return (annual filers)
3 months after fiscal year-end
T4/T4A slips
February 28 (or last day of February)
Personal tax return (self-employed)
June 15, balance owing still due April 30
Note: Deadlines vary based on your fiscal year-end and CRA account status — this table is general guidance, not a substitute for a review of your specific situation.

Frequently Asked Questions

Accounting software helps you record transactions, but it doesn’t replace professional tax review. Software won’t catch missed deductions, flag compliance issues, or plan your tax strategy — an accountant does.

A bookkeeper records day-to-day transactions and keeps your books organized. A tax accountant uses those books to prepare accurate filings, ensure CRA compliance, and plan strategies to reduce what you owe. Good Monday provides both, so nothing gets lost in the handoff.

Cost depends on your business’s size, transaction volume, and complexity. Good Monday’s packages start from $250/month and include tax filing, GST/HST, and payroll compliance — see full packages →.

Ideally, at the start of your fiscal year — not the weeks before filing. Early planning gives you time to adjust expenses, timing of income, and installment payments before deadlines force your hand.

The CRA charges penalties and interest on late filings and balances owing, but the situation is fixable. We review what’s outstanding, organize your records, and communicate with the CRA on your behalf to bring you back into compliance with minimal stress.

Yes. We organize the requested records, prepare responses, and act as your point of contact with the CRA auditor so you don’t have to manage it alone.

Yes — if you’re approaching or have passed the $30,000 revenue threshold, we handle registration and set up your filing schedule correctly from the start.

Related Services

Behind on your books? Get current before tax season.
Accurate, ongoing books make tax time faster and cheaper.
Keep payroll remittances and T4s compliant year-round.
Strategic planning beyond compliance.

Ready to stop dreading tax season?

Contact us and get a clear picture of your tax situation — with no obligation.