Tax Accountant for Air Cargo Businesses in Ontario and Across Canada
We code your international freight as zero-rated under Schedule VI Part VII of the Excise Tax Act so you charge 0% yet recover every input tax credit, move net-refund filers to monthly HST filing so refunds arrive in weeks instead of a year, and build the air waybill and continuous-movement evidence that lets a domestic leg ride at 0% while a purely domestic movement stays taxable at 13%. We handle interlining so only the carrier that invoices the shipper accounts for the tax, and we settle whether you are the agent or the principal on each booking — because the contract and the waybill decide whether the gross charge or only your commission is revenue. Whether you forward air freight, fly your own or leased aircraft, run an express and courier network or work the ramp as a ground handler, we separate Class 9 aircraft and spare parts from Class 8 ground-handling equipment and Class 12 unit load devices, expense ACMI and wet-lease payments correctly, analyze Regulation 105 withholding and the ITA 81(1)(c) exemption on payments to foreign carriers, and handle multi-currency waybills, T106 and T1134, prepaid freight and crew payroll — with AFFORDABLE flat fees.
AFFORDABLE Air Cargo Tax Accountant
An air cargo business moves freight by air — as a forwarder booking space on other carriers, as a carrier flying its own or leased aircraft, or as a ground handler working the ramp — and two questions decide the tax result on every shipment: is the movement international, and are you the principal or the agent. International freight transportation is zero-rated under Schedule VI Part VII of the Excise Tax Act, so you charge 0% while staying registered and recovering every input tax credit on jet fuel, handling, terminal and overhead costs — which makes most operators net-refund filers who should file monthly. A domestic leg is also zero-rated when it forms part of a continuous freight movement to or from outside Canada, supported by the air waybill and the shipper’s declaration; a purely domestic movement is taxable at 13%. Where carriers interline a shipment, only the carrier that invoices the shipper accounts for the tax, and fuel, security and terminal surcharges follow the tax status of the freight service underneath them. That is why you need a specialist who knows the trade. At Gondaliya CPA, we specialize in zero-rated freight HST, agent-versus-principal revenue reporting and cross-border corporate tax for air cargo operators, providing AFFORDABLE flat-fee support that keeps you CRA-compliant and stops you paying more tax than you owe.
As an air freight and logistics accountant, we work with forwarders, cargo charter and scheduled carriers, express and courier companies, perishables specialists and ground-handling firms from across Ontario, with year-round support rather than a once-a-year scramble. We tell you plainly what you can deduct, what you cannot, and where the real margin sits on each lane after carrier cost, surcharges and currency.
Let us handle the numbers so you can focus on the work that actually pays you.
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Accounting That Understands How an Air Cargo Business Actually Works
Running an air cargo business comes with financial pressures a purely domestic company never faces. You bill international freight at 0% while paying 13% on the fuel, handling and overhead behind it, you have to prove a domestic leg belongs to a continuous movement, interlined shipments push the tax onto a single invoicing carrier, and every booking has to be settled as agent or principal before revenue is recognized. At Gondaliya CPA, we understand the financial reality of an air cargo operator and provide practical, freight-focused solutions across the GTA and all of Ontario.
Stay Compliant and Minimize Your Air Cargo Business Tax
For an air cargo operator, staying onside with CRA, Transport Canada, WSIB and the IRS and paying the least legal tax are the same job. We keep every filing on schedule while claiming every input tax credit, capital cost allowance dollar and deduction the T2 and the HST return allow, so nothing is missed and nothing invites a reassessment.
Accounting & Tax Experts for Air Cargo Businesses
- AFFORDABLE + Fully Registered CPA Firm
- Business and Corporate Tax Expert
- Small & Medium Business Expert
- Accounting, bookkeeping, and tax filing
- Certified CPA
- 1300+ 5-star Google reviews
- 30-Day Money-Back Guarantee
- 60-Day Fees Matching Policy
Why Choose Our Accounting Services for Air Cargo Businesses?
Tax Planning — Zero-Rated Freight & Cross-Border Expertise
We know the trade: zero-rated international freight with full input tax credits and monthly net-refund filing, aircraft and spare parts in Class 9 at 25%, ground-handling equipment in Class 8 at 20%, unit load devices in Class 12 and hangar leasehold in Class 13. We keep the treaty Article 8 position on record for aircraft operated in international traffic and protect the $500,000 Small Business Deduction.
Consulting — Agent, Principal & Multi-Currency Bookkeeping
Our bookkeeping settles each booking as agent or principal from the contract and the air waybill, runs USD and EUR receivables with section 9 revaluation, ties every zero-rated shipment to its continuous-movement evidence, and splits fuel, security and terminal surcharges from base freight so per-lane margin is visible.
CRA Representation — Zero-Rating & Withholding Audit
When CRA reviews your zero-rated freight, your interlining treatment, or your Regulation 105 and NR4 withholding file, we prepare the response, produce the air waybill evidence, reconcile WSIB, and pursue relief on Form RC4288 where penalties came from a prior error.
Bookkeeping — Payroll, US Filings & Sale
We run your ramp, warehouse, crew and office payroll with WSIB, handle the 1120, 1120-F and Form 5472 filings for a US station or subsidiary, and get you ready to sell. We model the profit level where incorporating pays off and handle the eventual disposition of your company.
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Air Cargo Clients
Air Cargo Tax and Accounting Services in Ontario
Corporate Tax Filing (T2) for Air Cargo Businesses
Professional T2 preparation with international and domestic freight revenue on separate GIFI lines, section 9 foreign-exchange gains and losses, Schedule 8 capital cost allowance on aircraft and ground equipment, T106 and T1134, and CRA compliance on every line.
Bookkeeping & Accounting for Air Cargo Businesses
Per-waybill revenue, agent-versus-principal coding, multi-currency receivables and zero-rated freight bookkeeping with financial statements, clean records, and monthly reporting built for an air cargo operation.
Payroll Services for Air Cargo Businesses
Ramp, warehouse, crew and dispatch payroll with WSIB in the transportation rate group, PD7A remittances, T4s, and contractor-versus-employee reviews on the peak-season ground crews you bring in.
GST/HST Filing for Air Cargo Businesses
AFFORDABLE monthly net-refund HST filing with international freight zero-rated, full input tax credits on fuel and handling, and a continuous-movement evidence file matched to your T2 to avoid CRA reassessment.
Tax Planning for Air Cargo Businesses
Smart tax planning to protect the Small Business Deduction, time aircraft and equipment purchases, price related-party charges under section 247, manage currency exposure, and plan salary, dividends and sale.
Corporate Catch-Up Filing for Air Cargo Businesses
File overdue T2 and HST years, rebuild missing waybill revenue, surcharge, agency and capital cost allowance records, and get back into CRA compliance with accurate catch-up support.
CRA Audit Resolution for Air Cargo Businesses
Expert support for zero-rating, interlining, agency and non-resident withholding audits, with input tax credit and capital cost allowance reviews handled with confidence.
CPA Financial Statements (Notice to Reader) for Air Cargo Businesses
CPA-compiled financial statements that banks, aircraft lessors and equipment lenders accept for your air cargo corporation.
Incorporation Services for Air Cargo Businesses
Full incorporation including NUANS, articles, share structure, HST registration for input tax credit recovery, and the section 85 rollover from your unincorporated freight business.
Catch-Up Bookkeeping Services for Air Cargo Businesses
We rebuild months of missing waybill revenue, carrier and handling costs, USD receipts, surcharge splits and unclaimed input tax credits so your books are current and CRA-ready.
US Corporation & LLC Tax Filing for Air Cargo Businesses
Cross-border filing for operators with a US station, agent or subsidiary: Form 1120, treaty-based 1120-F, Form 5472, LLC hybrid mismatches, foreign tax credits and the treaty Article 8 position on international traffic.
Voluntary Disclosure Program for Air Cargo Businesses
We file a VDP disclosure to correct unsupported zero-rating, misreported agency revenue, missed Regulation 105 withholding or unfiled T2 years before CRA contacts you, cancelling penalties and reducing interest.
Accounting & Tax Services Tailored for Air Cargo Businesses
Real, practitioner-level CPA expertise for air freight forwarders, cargo charter and scheduled carriers, express and courier operators, perishables specialists and ground-handling companies across Ontario — built for how an air cargo operation actually runs.
- We prepare your T2 with GIFI on Schedule 100 and Schedule 125, reporting zero-rated international freight on a separate revenue line from taxable domestic movements in QuickBooks, so CRA’s HST-to-T2 matching never flags a mismatch; correct coding reversed a $21,000 assessment.
- We claim capital cost allowance on Schedule 8, placing aircraft, furnishings and spare parts in Class 9 at 25%, ground-handling equipment in Class 8 at 20% and unit load devices in Class 12; one $1.2 million aircraft addition produced $150,000 of deduction.
- We convert USD and EUR waybill revenue at the Bank of Canada rate on each invoice date and book the section 9 foreign-exchange gain or loss on income account on Schedule 125, because capital treatment misstates tax; one correction fixed a $16,000 error.
- We file Form T106 with your T2 when related-party cross-border charges exceed $1,000,000 and Form T1134 within ten months of year-end for every foreign affiliate, because the penalty for a missed T1134 starts at $25 per day up to $2,500.
- We deduct the bad debt on an uncollected waybill under paragraph 20(1)(p) once collection efforts show the shipper will not pay, documenting the write-off in Xero; on one Mississauga operator this removed $27,000 of income CRA would otherwise tax.
- We post each booking as agent or principal from the contract and the air waybill in QuickBooks Online, so gross freight charges and net commissions never share a revenue line; one restatement moved $600,000 from commission to gross principal reporting.
- We run multi-currency receivables in QuickBooks with USD and EUR customer accounts, revaluing open balances at the Bank of Canada rate each month-end so unrealized section 9 gains and losses are visible; one setup uncovered $19,000 of currency loss hidden in bank charges.
- We split base freight from fuel, security and terminal surcharges on every invoice, coding each at the same rate as the underlying transport service, because a surcharge follows the freight; one cleanup found $8,600 of HST wrongly charged on international shipments.
- We capture handling, trucking, terminal and carrier invoices through Dext so the 13% input tax credit on line 108 is claimed the month it arises, because a net-refund filer bleeds cash on every missing slip; one quarter recovered $7,400.
- We build per-waybill and per-lane margin reporting in QuickBooks, netting carrier cost, handling, ground transport and section 9 currency movement against each Schedule 125 revenue line; on one operator this revealed a European lane priced $34,000 below its true cost.
- We set up ramp, warehouse, dispatch and crew payroll in Wagepoint, withholding income tax, CPP and EI and remitting on the PD7A by the 15th, so a peak season never triggers CRA’s 10% late-remittance penalty; on $14,000 that costs $1,400.
- We register WSIB coverage in the transportation and warehousing rate group before the first ramp worker is hired and reconcile premiums to your T4 Summary in Wagepoint, because an unregistered operator faces retroactive assessment; one registration avoided a $16,000 back-charge.
- We test whether peak-season loaders and drivers engaged through agencies are contractors or employees under CRA’s control and integration factors, because a reclassification assesses back CPP, EI and penalties; one review capped a $23,000 exposure.
- We prepare and file the T4 and T4 Summary from Wagepoint records by the last day of February and issue T4A slips for Canadian contractor commissions, avoiding the per-slip late penalty; on one operator with 30 staff that exposure reached $3,000.
- We manage Ontario Employer Health Tax once annual payroll passes the $1,000,000 threshold, file it with the T4 Summary and reconcile to the PD7A in Wagepoint, so a growing operation adding shifts never underpays; one review caught $4,200 unremitted.
- We code international freight transportation as zero-rated under Schedule VI Part VII of the Excise Tax Act in QuickBooks, charging 0% while keeping full input tax credit entitlement on line 108; one correction restored $31,000 of credits a prior bookkeeper had denied.
- We move net-refund operators from annual or quarterly to monthly reporting periods, so the refund of line 108 credits on fuel, handling and terminal costs arrives within weeks; one Mississauga forwarder released $95,000 of input tax credits in the first cycle.
- We zero-rate a domestic leg only where the air waybill and the shipper’s declaration prove it forms part of a continuous freight movement to or from outside Canada, because a purely domestic movement is taxable at 13%; one review caught $58,000.
- We apply the interlining rule so only the carrier that invoices the shipper accounts for the tax, with the services other carriers supply to it relieved under Part VII; one file corrected $140,000 of double-charged movements across two years.
- We register you even below the $30,000 small-supplier threshold, because an operator with zero-rated revenue recovers credits only as a registrant, and we claim credits under section 180 for tax a non-resident paid at importation; one registration returned $12,300.
- We set the salary-versus-dividend mix, paying enough T4 salary to build RRSP room while the balance flows as dividends, so combined tax stays near the 12.2% Ontario small-business rate under section 125; on one owner this deferred $27,000.
- We keep active income under the $500,000 Small Business Deduction limit and time aircraft, ground equipment and unit load device purchases across year-ends so Schedule 8 claims land where they are worth most; on one operator this preserved $22,000 of low-rate tax.
- We separate a dry lease, an ordinary operating lease cost, from ACMI and wet-lease payments, which buy crew, maintenance and insurance with the aircraft and are a service cost; one reclassification corrected $310,000 wrongly capitalized and released the deduction.
- We document transfer pricing under section 247 for charges to a foreign parent, station or affiliate before Form T106 is filed, because CRA’s transfer-pricing penalty is 10% of the adjustment; one study protected $900,000 of intercompany freight charges.
- We plan at least two years ahead so your shares pass CRA’s 24-month asset tests and qualify for the $1.25M Lifetime Capital Gains Exemption under section 110.6 on Form T657, moving passive investments out; one purification protected $420,000 of gain.
- We reconstruct freight revenue, carrier cost and surcharges from bank deposits, settlement statements and shipper remittances where no bookkeeping exists across your unfiled T2 years, rebuilding Schedule 125 in QuickBooks so CRA cannot arbitrarily assess; one rebuild cut a $54,000 estimate.
- Late filing costs 5% of the balance owing plus 1% per month for up to twelve months under subsection 162(1), so we file your oldest unfiled T2 first to stop the penalty compounding; on one operator this limited penalties to $7,600.
- We file the missing HST returns with international movements zero-rated and purely domestic movements at 13%, claiming unclaimed credits within the four-year limit under subsection 225(4) of the Excise Tax Act; one catch-up turned a feared liability into a $38,000 refund.
- We rebuild the undepreciated capital cost pools across the unfiled years so missed deductions on Class 9 aircraft and spare parts, Class 8 ground equipment, Class 12 devices and Class 13 hangar leasehold are recovered in Xero; one file restored $46,000.
- We file the overdue Form T106 and Form T1134 slips alongside the catch-up returns and request relief on Form RC4288, because late foreign-reporting penalties under subsection 162(7) compound daily; on one operator with a US station this waived roughly $9,200.
- When CRA opens an HST audit, we manage the file and answer the zero-rating queries inside the deadlines from QuickBooks, producing air waybills, shipper declarations and routing evidence for every sampled shipment; one review defended $1.4 million of international movements.
- When CRA questions a domestic leg you did not tax, we produce the continuous-movement evidence linking it to the international shipment on the same air waybill, because an unsupported leg is reassessed at 13%; one file protected $44,000 of tax.
- We defend agency treatment when CRA argues your commissions were really gross principal revenue, producing the shipper contract and the waybill that decide the question; on one forwarder this reconciled $600,000 of billings and reversed the proposed reassessment.
- We answer non-resident withholding reviews, showing where Regulation 105 applies to services rendered in Canada and where paragraph 81(1)(c) and treaty Article 8 relieve a foreign carrier’s international traffic income; on one review this closed a $70,000 exposure.
- We file the Notice of Objection on Form T400A within 90 days of a reassessment under subsection 165(1) and pursue taxpayer relief on Form RC4288 where a prior accountant’s error caused penalties; on one operator this cancelled $9,400 of penalties.
- We prepare the CSRS 4200 compilation engagement financial statements, the Notice to Reader a lender requires across two fiscal years, tied to the T2, before approving the $300,000 operating line a forwarder needs to bridge 45-day carrier settlement.
- Your compiled statement of financial position presents Class 9 aircraft and spare parts at net book value, ground equipment, prepaid freight as deferred revenue and foreign-currency receivables at the year-end rate, giving a lender what a T2 cannot; one file unlocked $240,000.
- We build the statement of operations with international freight, domestic freight, surcharge and agency commission revenue classified consistently in QuickBooks across two years and tied to the T2, so a lender approves the facility; one set supported a $120,000 credit line.
- The CSRS 4200 communication discloses that no audit or review was performed, and without it an aircraft lessor or the Business Development Bank of Canada declines the financing an operator needs for ground equipment; one Notice to Reader unlocked $185,000 of working capital.
- We deliver the compiled statements within 30 days of receiving your records and the year’s T2 figures, because financing collapses when a lender’s conditional offer expires; on one deal timely delivery saved a $160,000 loader and dolly equipment lease.
- We incorporate under the Ontario Business Corporations Act, giving you limited liability on cargo claims, a defined share structure and the 12.2% small-business rate on the first $500,000 under section 125, filed on your first T2; one owner saved about $26,000.
- We complete the section 85 rollover on Form T2057, transferring ground equipment, vehicles, shipper contracts and goodwill into the corporation at elected amounts, deferring the capital gain and recapture CRA would tax on a straight sale; one operator deferred $61,000.
- We register the corporation for HST from day one even below the $30,000 threshold, because zero-rated freight earns line 108 recovery only as a registrant, and set monthly filing in QuickBooks; one setup returned $14,000 of credits on launch equipment.
- We open the corporation’s CRA business number, HST, payroll and non-resident withholding accounts within the first 30 days and close the old accounts so revenue is never reported twice; one setup prevented a $5,800 double-remittance on the first quarter.
- We structure the share classes and set the first fiscal year-end up to 53 weeks after incorporation under section 249.1, so dividends split among family shareholders and the first T2 balance-due date is deferred; one operator freed $19,000 for equipment.
- We rebuild unreconciled waybill revenue from shipper remittances, carrier settlement statements and bank deposits in QuickBooks Online, restoring the section 230 record trail CRA can test and converting each USD receipt at the invoice-date rate; one operator recovered $18,000 of currency gains.
- We reconstruct the evidence file behind every zero-rated shipment across the missing months, matching air waybills and routing records to invoices, so CRA cannot reassess 13% on unsupported movements; one rebuild protected $780,000 of international freight revenue.
- We rebuild the Class 9 aircraft and spare-parts pool, the Class 8 ground-handling equipment pool and the Class 12 unit load device pool that went unposted in Xero, capturing missed deductions on Schedule 8; one file restored $37,000 of undepreciated capital cost.
- We capture the handling, trucking, terminal and fuel invoices that were never posted through Dext, claiming the 13% input tax credits on line 108 within the four-year limit under subsection 225(4); one cleanup reclaimed $15,700 of credits.
- We catch up ramp and warehouse payroll postings and reconcile the PD7A remittances, WSIB premiums and T4 wages that fell behind in Wagepoint, so the T2 and the payroll account agree; on one operator this cleared a $5,100 discrepancy.
- We assess whether a US station, warehouse, dependent agent or crew base creates a permanent establishment that lets the IRS tax profits, and record the treaty Article 8 position for aircraft operated in international traffic; one review avoided US tax on $1.6 million.
- We file the treaty-based Form 1120-F protective return with Form 8833 by the due date, claiming profits are not attributable to a US permanent establishment, because a late return forfeits deductions; one filing protected $950,000 of US-sourced billings.
- We prepare Form 1120 and Form 5472 for your US subsidiary, documenting every reportable transaction with the Canadian parent and reconciling to Form T1134, because the Form 5472 penalty under section 6038A starts at $25,000 per form.
- We fix the LLC hybrid mismatch that leaves a Canadian shareholder taxed twice, because CRA treats a US LLC as a corporation while the IRS looks through it; one restructuring restored $48,000 of foreign tax credits on the T2.
- We complete Form W-8BEN-E so US customers do not withhold 30% at source, file FinCEN Form 114 where US bank balances exceed $10,000, and claim foreign tax credits for US tax actually paid; one operator released $11,800 held back.
- We file your Voluntary Disclosures Program application on Form RC199 under subsection 220(3.1) before CRA contacts you, because a disclosure accepted under the general program cancels penalties in full and grants 50% interest relief; on one operator this waived $13,400.
- We disclose shipments zero-rated without evidence and domestic movements that missed the 13%, correcting the HST returns so the corporation regularizes without gross-negligence penalties worth up to 50% of the tax owing; one disclosure settled $47,000.
- We file the missed Form T106 and Form T1134 slips through the disclosure for related-party charges over $1,000,000 and foreign affiliates, because late-filing penalties under subsections 162(7) and 162(10) accumulate daily; one operator avoided roughly $14,000 of penalties.
- We include unremitted Regulation 105 withholding on payments to foreign carriers and unreported section 9 currency gains, rebuilding the NR4 and revaluation records in QuickBooks so the corrected T2 is complete and CRA cannot reopen those years; one submission corrected $66,000.
- We confirm your Form RC199 disclosure is voluntary, complete and at least one year overdue as subsection 220(3.1) relief requires, filing before any audit letter arrives, because coming forward after CRA makes contact loses all relief; timely filing saved one owner $9,700.
Air Cargo Tax & HST Check
Six quick questions on your zero-rating evidence, monthly net-refund HST filing, interlining, agent-versus-principal forwarding, aircraft and equipment classification and whether it is time to incorporate. No fee shown.
1. Do you keep air waybill and continuous-movement evidence for every zero-rated shipment?
2. Are you filing HST monthly so your net refund of input tax credits arrives within weeks?
3. On interlined shipments, does only the carrier that invoices the shipper account for the tax?
4. Is each booking settled as agent or principal from the contract and the air waybill?
5. Are aircraft, ground-handling equipment and unit load devices in the correct CCA classes?
6. Is your air cargo business incorporated?
Free CPA Consultation for Air Cargo Businesses
Case Studies: Air Cargo Accounting & Tax
Mississauga Air Freight Forwarder — Zero-Rated Freight & Net Refunds
The problem: A Mississauga air freight forwarder shipping to Europe and Asia filed HST annually, so about $95,000 of input tax credits on fuel surcharges, handling, terminal and trucking costs sat with CRA for a year. Zero-rating was applied to every international booking with no proof file: air waybills stayed with the carrier, and a CRA review wanted support on $1.4 million of shipments.
What we did: We elected monthly reporting to make the company a fast net-refund filer, built a shipment-by-shipment evidence file matching air waybills, routing records and continuous-movement support to each zero-rated sale, and answered the CRA review with it.
The result:
- $95,000 of input tax credits released in the first monthly cycle
- $1.4 million of zero-rated shipments defended without adjustment
- A five-figure permanent cash-flow swing
Toronto Cargo Charter Operator — Aircraft CCA & Withholding
The problem: A Toronto cargo charter operator had pooled aircraft, spare parts and ground-handling equipment in one capital cost allowance class, capitalized a wet lease from a foreign carrier as though it owned the aircraft, and had never analyzed withholding on those payments. Deductions were understated, an asset was overstated, and an open Regulation 105 and NR4 exposure had never been quantified.
What we did: We separated Class 9 aircraft, furnishings and spare parts at 25% from Class 8 ground equipment and Class 12 unit load devices, expensed the ACMI payments as a service cost, and set up withholding and NR4 reporting on the foreign carrier payments.
The result:
- $310,000 of wet-lease cost released as a current deduction
- Capital cost allowance corrected across three classes
- Withholding exposure closed before CRA reviewed it
Hamilton Ground Handling and Forwarding — Agency Split & Currency
The problem: A Hamilton ground-handling and forwarding company posted agent commissions, customs and trucking recharges and gross air waybill charges to a single revenue line, so reported sales were inflated and margin was meaningless. USD receipts from overseas shippers were never reconciled to invoices, and nobody could say which lanes or customers actually made money.
What we did: We split disclosed-agent recharges from principal revenue using the shipper contracts and waybills, rebuilt the books in QuickBooks with multi-currency receivable revaluation, and built per-waybill margin reporting that separates base freight from fuel, security and terminal surcharges.
The result:
- Revenue restated to reflect agent versus principal correctly
- USD receivables revalued every month instead of only at year-end
- Clean, audit-ready books with margin visible on every waybill
Our clear, efficient process ensures every step is transparent, building trust and long-term client relationships.
Kickoff (Document Request)
Collect prior T2 and HST returns, air waybills and shipper declarations, carrier and interline agreements, agency contracts, aircraft and lease documents, ground equipment lists, payroll records, and bank statements.
First 30 Days (Cleanup & Setup)
Set up QuickBooks Online or Xero with multi-currency, code international freight zero-rated and purely domestic movements at 13%, elect monthly HST filing, build the continuous-movement evidence archive, split agent from principal revenue, and classify aircraft, equipment and payroll with WSIB tracking.
Monthly Close
Monthly reconciliations, receipt capture, month-end revaluation of USD and EUR receivables, monthly net-refund HST return with input tax credit support, and per-lane margin reporting.
Quarterly Planning Review
Salary and dividend mix, HST refund status, Regulation 105 and NR4 withholding review, T106 threshold tracking, lease-versus-buy on aircraft and ground equipment, and agency exposure.
Year-End Close & T2 Filing
Trial balance, financial statements with deferred revenue on prepaid freight and year-end currency revaluation, T2 with GIFI, T106 and T1134 where required, US filings, and CRA preparation.
Get Your Air Cargo Business Taxes Done Right Today
Affordable Pricing for Air Cargo Businesses
We believe in clear, upfront pricing so you know exactly what to expect. All fees include HST.
- 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 per 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
Payment is by Interac e-Transfer to info@gondaliyacpa.ca only. Security question: Not Applicable, as auto-deposit is enabled.
Meet Your Lead Air Cargo Accountant
Meet your lead air cargo accountant. As your freight and corporate tax adviser, you deal with the same two people every year.
What Our Clients Say
1300+ five-star reviews from air cargo operators and logistics business owners across Ontario and Canada.
Serving Air Cargo Businesses Across Ontario
Our CPA team provides specialized accounting and tax solutions for air cargo businesses throughout Ontario. We understand how zero-rated international freight and net refunds, continuous-movement evidence, interlining, agent-versus-principal forwarding, aircraft and unit load device capital cost allowance and non-resident withholding actually flow through an air cargo operation, what CRA looks at on a freight file, and how to keep your refund and your treaty position secure.
Toronto (ON)
55 Queen St E Ste 1205, Toronto, ON M5C 1R6, 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)
Air Cargo Accounting & Tax FAQs
Related Industries We Serve
Exporters
- Zero-rated export sales and input tax credits
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Importers
- HST on imported goods and input tax credits
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Small Businesses
- Corporate tax planning for small businesses
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Incorporated Businesses
- T2 corporate returns and GIFI
- Salary, dividend and SBD planning
- Compilation statements and incorporation
Air Cargo Accounting & Tax Done Right.
T2 filing, zero-rated international freight HST with monthly net refunds, continuous-movement evidence and interlining, agent-versus-principal forwarding revenue, air waybill and prepaid freight recognition, Class 9 aircraft and Class 12 unit load device capital cost allowance, Regulation 105 and NR4 withholding, T106 and T1134, and ramp and crew payroll with WSIB under one roof. AFFORDABLE flat fees, no hourly billing. Licensed CPA Ontario. 1300+ five-star reviews. 30-Day Money-Back Guarantee.