Tax Accountant for Skilled Trades (Electricians, Plumbers, HVAC)
1000+
Satisfied Clients & Partners
AFFORDABLE Tax Accountant for Skilled Trades
Our CPA-led team helps skilled trades professionals across Toronto, GTA, and Ontario navigate complex tax rules with confidence. Whether you’re an electrician, plumber, carpenter, or HVAC technician, we ensure accurate bookkeeping, tax preparation, and strategic planning.
From managing HST and deductions to planning for growth, our affordable tax accounting services save you time, reduce stress, and maximize your tax savings so you can focus on running your business.
Official Partner
Accounting That Understands Your Trade Business
Running a skilled trades business comes with unique challenges—juggling job sites, variable income, subcontractors, materials, WSIB obligations, and vehicle costs. Keeping finances organized while meeting CRA requirements can be overwhelming, especially during tax season. Our team helps trades professionals streamline bookkeeping, stay compliant, and maximize deductions so you can focus on completing jobs and growing your business.
Mixing business and personal expenses
reduces confusion and tax stress.
Managing subcontractor payments
accurate T4A slips and payroll tracking.
Tracking materials and deposits
Tracking materials and deposits
Deductible tools, vehicles, and home office costs
know what can be claimed.
Navigating Skill Trades Accounting & Compliance
Job Costing & Project Tracking
Monitor each project’s income, expenses, and profitability to avoid budget overruns.
CRA Compliance & WSIB Reporting
Ensure timely filings, proper deductions, and adherence to provincial workplace safety regulations.
Payroll & Subcontractor Management
Accurately handle wages, T4/T4A slips, and contractor payments while minimizing errors.
Why Work With Gondaliya CPA
Specialized Trades Expertise
Understanding deductions and HST for skilled trades.
Affordable & Transparent Pricing
Fixed fees with no hidden costs.
Trusted CPA Guidance
Support for audits, growth, and compliance.
Proactive Planning
Reduce tax stress and plan for future profitability.
Fully Licensed CPA Ontario
500+ ★★★★★ Google Reviews
30-Day Money-Back Guarantee
60-Day Fees-Matching Policy
Accounting Services Tailored for Skill Trades
Free Resource: 50 Deductible Expenses for Skill Trades
Comprehensive checklist of tax-deductible costs unique to Skill Trades. PDF delivered instantly.
Case Studies
Plumbing Company in Mississauga, ON
Problem: HST on labour and materials was coded inconsistently, and subcontractors weren’t always issued T4A slips, creating CRA risk.
Solution: Cleaned up HST treatment, standardized invoicing, and implemented a process for tracking subcontractor payments and issuing T4As.
Results:
✅ Correct HST filings going forward
✅ Lower risk of reassessment or penalties
✅ Easier year‑end close with clean records
HVAC Contractor in Toronto, ON
Problem: Rapid growth with no tax planning meant large unexpected corporate and personal tax balances every year.
Solution: Introduced quarterly tax projections, installment planning, and a salary/dividend mix aligned with cash flow.
Results:
✅ Predictable tax installments instead of lump‑sum shocks
✅ More cash kept in the business for vehicles and equipment
✅ Owner has a clear tax picture before year‑end
Electrician in Brampton, ON
Problem: Mixed business/personal spending and no structured bookkeeping led to missed vehicle, tool, and home office deductions.
Solution: Set up proper books, separated business and personal expenses, and applied trade‑specific deduction planning.
Results:
✅ Reduced year‑end tax payable
✅ Clear records for CRA with organized support
✅ Better visibility into profit per month
We make managing your Skill Trades finances simple and stress-free. Our transparent process keeps you informed and investor-ready at every stage.
Here’s a simplified process approach:
Step 1
Discovery Call
We start with a no-obligation consultation to understand your business, financial needs, and growth goals.
Step 2
Systems & Onboarding
Connect accounting software, bank feeds, and invoicing systems.
Step 3
Monthly Accounting
Bookkeeping, reconciliations, payroll, and HST filings.
Step 4
Quarterly/Annual Review
Tax planning, financial reporting, and growth insights.
Simplify Your Skill Trade’s Taxes Today
We believe in clear, upfront pricing so you know exactly what to expect.
Tax Preparation (Corporation): From $400
Tax Return Filing (Corporation): From $400
Tax Compliance Audit – FREE CRA audit support for our clients
Tax Strategy: FREE for our clients
- Accounting Base Plan – From $100 / month
Bookkeeping Management (Free for our Accounting clients)
Financial Reporting (Free for our Accounting clients)
- Business Formation: Flat $35
- Incorporation Process: Flat $35
- Entity Setup Assistance: Flat $35
- Full-Service Payroll: From $125 per month
Meet Your Lead Skill Trades Accountants
Google Reviews
See all on Google
Google Reviews
See all on GoogleSupporting Skill Trades Across Ontario
Toronto (ON)
168 Simcoe St Unit 1118, Toronto, ON M5H 4C9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Mississauga (ON)
5373 Bullrush Dr, Mississauga, ON, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Brampton (ON)
4 Starhill Crescent, Brampton, ON L6R 2P9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Scarborough (ON)
24 Clementine Square, Scarborough, ON M1G 2V7, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Vaughan (ON)
19 Cabinet Crescent, Woodbridge, ON L4L 6H9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Oshawa (ON)
210 Durham St, Oshawa, ON L1J 5R3, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Ottawa (ON)
2090 Neepawa Ave a314, Ottawa, ON K2A 3L6, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Etobicoke (ON)
60 Stevenson Rd #1601, Etobicoke, ON M9V 2B4, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Hamilton (ON)
70 Starling Dr, Hamilton, ON L9A 0C5, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Guelph (ON)
1155 Gordon St, Guelph, ON N1L 1S8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Windsor (ON)
4387 Guppy Ct, Windsor, ON N9G 2N8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
North York (ON)
150 Graydon Hall Dr #912, North York, ON M3A 3B2, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Skill Trades Tax & Accounting FAQs
Should I incorporate my trades business or stay a sole proprietor?
Incorporation can offer tax deferral, limited liability, and more flexibility in how you pay yourself, but it also adds compliance costs and complexity. The decision usually depends on your profit level, personal income, and whether you plan to grow or bring on employees. A CPA can compare your current situation with projected numbers to show the real after‑tax difference over the next few years.
How should I pay myself as the owner—salary, dividends, or both?
Many trades business owners benefit from a mix of salary (for RRSP room and CPP) and dividends (for flexibility and tax efficiency). The right mix depends on your personal income needs, family situation, and long‑term goals like buying a home or qualifying for financing. Proper planning helps avoid surprise tax balances while keeping enough cash inside the corporation for tools, vehicles, and growth.
What expenses can I deduct for my work truck and other vehicles?
You can generally deduct fuel, insurance, repairs, maintenance, lease or loan interest, and capital cost allowance (CCA) on a business‑use portion of your vehicle. Keeping a mileage log or clear record of business vs personal use is critical if CRA reviews your claim. Structuring the vehicle purchase and ownership correctly (personal vs corporate) also affects how much you can deduct and how benefits are taxed.
Can I deduct tools, equipment, and safety gear?
Most small tools and consumables are fully deductible in the year you buy them, while larger equipment like compressors, generators, or specialized machinery is usually claimed through CCA over time. Safety gear and trade‑specific clothing (e.g., steel‑toe boots, high‑visibility vests) are often deductible when required for work. Proper categorization in your books ensures you don’t miss deductions or overclaim in a way that triggers questions.
How do I handle subcontractors and T4A slips correctly?
If you pay independent subcontractors, you typically need to issue T4A slips when payments meet CRA thresholds or fit specific categories. It’s important to distinguish true subcontractors from employees, because misclassification can lead to payroll assessments and penalties. A good system for tracking subcontractor invoices, payments, and SIN/BN details makes year‑end T4A preparation much faster and reduces CRA risk.
Do I need to charge HST on materials and labour for my jobs?
Most electricians, plumbers, and HVAC contractors must register for HST once they exceed the small supplier threshold or choose to register earlier. You generally charge HST on both labour and materials, then claim input tax credits (ITCs) on HST you’ve paid on business expenses. The key is consistent invoicing and coding so your HST collected and HST paid reconcile properly in your filings.
What if my bookkeeping is behind or my records are a mess?
It’s very common for trades owners to fall behind on bookkeeping when they’re busy on job sites. The first step is to catch up your records using bank statements, invoices, and receipts, then reconcile everything so the numbers make sense. Once you’re up to date, a monthly or quarterly process with cloud tools can keep you current, reduce stress at tax time, and make CRA reviews much easier to handle.
How can I avoid big surprise tax bills every year?
Surprise balances usually happen when owners draw money without tracking profit or planning for tax. Setting up simple monthly reports, doing at least an annual (ideally quarterly) tax projection, and using installment payments will smooth out your tax cash‑flow. With a proper plan, you’ll know in advance what to set aside so taxes become a regular business expense, not a shock.
Can you help with cash flow and pricing, not just tax returns?
Yes—good accounting for trades should include job profitability, overhead analysis, and basic cash‑flow planning, not just historical tax filing. Reviewing your pricing structure, margin on labour vs materials, and seasonal trends can help ensure your rates actually cover costs and profit. That kind of advisory work gives you numbers you can use to make decisions about hiring, equipment, and marketing.
How do I get started with Gondaliya CPA?
Simply contact us for a no-obligation consultation. We’ll assess your financial needs and create a tailored tax accounting plan.