Tax Accountant for Toy Stores in Ontario and Across Canada
We value your shelf stock as inventory under section 10 of the Income Tax Act at the lower of cost and net realizable value, write down the licensed-character and fad lines that did not sell, carry your imported stock at landed cost with the duty and freight-in inside cost of goods sold, recover the GST CBSA charged you at the border as an input tax credit, charge HST correctly on toys at the full 13% with no point-of-sale rebate, hold your gift cards as deferred revenue until they are redeemed, and put your shelving, POS terminals and store build-out in the right CCA class. Whether you run an independent toy shop, an educational toy store, a hobby and game store, or an online toy store, we handle the inventory, HST and seasonal cash-flow accounting, the T4 and WSIB payroll on your December staff, and plan the salary, dividends and eventual sale of your company — with AFFORDABLE flat fees.
AFFORDABLE Toy Store Tax Accountant
A toy store lives or dies on stock and season. You commit to next Christmas in the spring, pay for the containers months before a single unit sells, and then find out in January which licensed characters the market actually wanted. That stock is inventory under section 10 of the Income Tax Act, valued at the lower of cost and net realizable value, so the trend lines sitting on your shelf in February are a write-down question, not a rounding error. Toys are fully taxable at 13% HST with no Ontario point-of-sale rebate, your imported stock has to be carried at landed cost with duty and freight-in inside cost of goods sold, and the GST the border charged you is an input tax credit you are entitled to claim back. That is why you need a retail accountant who knows how a toy store actually runs. At Gondaliya CPA, we specialize in inventory, HST and seasonal cash-flow bookkeeping and corporate tax planning for toy stores, providing AFFORDABLE flat-fee support that keeps you CRA-compliant and stops you paying more tax than you owe.
As a toy store and hobby-retail accountant, we work with independent toy shops, educational toy stores, hobby and game stores, and online toy stores 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 category you carry.
Let us handle the numbers so you can focus on the floor, the buying and the customers who actually pay you.
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Accounting That Understands How a Toy Store Actually Works
Running a toy store comes with financial pressures a service business never faces. You buy and pay for your biggest season months before you sell a unit, you carry licensed-character stock that can lose most of its value in a single quarter, you charge 13% HST on every toy with no rebate to soften it, and you sell gift cards in December that you owe product on in March. At Gondaliya CPA, we understand the financial reality of a toy store and provide practical, retail-focused solutions across the GTA and all of Ontario.
Stay Compliant and Minimize Your Toy Store Tax
For a toy store, staying onside with CRA and WSIB and paying the least legal tax are the same job. We keep every filing on schedule while claiming every inventory, import and fixture dollar the T2 allows, so nothing is missed and nothing invites a reassessment.
Accounting & Tax Experts for Toy Stores
- AFFORDABLE + Registered CPA Firm
- Business and Corporate Tax Expert
- Small & Medium Business Expert
- Accounting, bookkeeping, and tax filing
- CPA (Chartered Professional Accountant)
- 1300+ 5-star Google reviews
- 30-Day Money-Back Guarantee
- 60-Day Fees Matching Policy
Why Choose Our Accounting Services for Toy Stores?
Tax Planning — Inventory & Fixture Expertise
We know the trade: shelving and fixtures in Class 8 at 20%, store build-out in Class 13 over the lease term, POS terminals and computers in Class 50. We write down dead stock properly and protect the $500,000 Small Business Deduction.
Consulting — Inventory, POS & Import Bookkeeping
Our bookkeeping reconciles Lightspeed, Shopify or Square takings to the bank daily, carries imported stock at landed cost, and tracks gift cards as a liability. We cost each category so you see the real margin before you reorder.
CRA Representation — Sales & Inventory Audit
When CRA reviews your POS takings against your deposits, your inventory write-downs, or your HST, we prepare the response, reconcile the payroll, and pursue relief on Form RC4288 where penalties came from a prior error.
Bookkeeping — Payroll, Season & Sale
We run your seasonal payroll with WSIB and T4s, build a cash-flow plan that survives the gap between buying and selling, and get you ready to sell. We model the profit level where incorporating pays off and handle the eventual disposition.
Google Reviews
Toy Store Clients
Toy Store Tax and Accounting Services in Ontario
Corporate Tax Filing (T2) for Toy Stores
Professional T2 preparation with Schedule 8 CCA on your fixtures, build-out and POS hardware, counted inventory net of markdowns, and CRA compliance on every line.
Bookkeeping & Accounting for Toy Stores
Inventory, POS and import bookkeeping with financial statements, clean records, and monthly reporting built for a seasonal retailer.
Payroll Services for Toy Stores
Sales-floor and seasonal payroll with WSIB coverage, PD7A remittances, T4s filed by the last day of February, and Employer Health Tax tracking.
GST/HST Filing for Toy Stores
AFFORDABLE HST filing at the full 13% on toys with input tax credits on stock, rent, fixtures and border GST, matched to your T2 to avoid CRA penalties.
Tax Planning for Toy Stores
Smart tax planning to protect the Small Business Deduction, time your markdowns and buying, and plan salary, dividends and the sale of your store.
Corporate Catch-Up Filing for Toy Stores
File overdue T2 and HST years, rebuild missing POS, supplier and import records, and get back into CRA compliance with accurate catch-up support.
CRA Audit Resolution for Toy Stores
Expert support for POS-versus-deposit, inventory write-down and HST audits, with indirect-verification-of-income reviews handled with confidence.
CPA Financial Statements (Notice to Reader) for Toy Stores
CPA-compiled financial statements that landlords, banks and inventory-financing lenders accept for your retail corporation.
Incorporation Services for Toy Stores
Full incorporation including NUANS, articles, share structure, and the section 85 rollover from your unincorporated toy shop.
Catch-Up Bookkeeping Services for Toy Stores
Months or years of POS exports, supplier invoices and customs paperwork reconstructed and reconciled, so your inventory and cost of goods sold are finally accurate.
US Corporation & LLC Tax Filing for Toy Stores
Cross-border filing for toy stores selling into the US through a marketplace or operating under a US parent, covering 1120/1120-F returns, treaty positions and FBAR reporting.
Voluntary Disclosure Program for Toy Stores
Come forward on unreported cash sales, marketplace income or missed HST before CRA calls, cancelling penalties and easing interest through a Voluntary Disclosures Program application.
Accounting & Tax Services Tailored for Toy Stores
Real, practitioner-level CPA expertise for independent toy shops, educational toy stores, hobby and game stores, and online toy stores across Ontario — built for how a seasonal retailer actually runs.
- We prepare your T2 with GIFI on Schedule 100 and Schedule 125, splitting retail sales, online marketplace revenue and gift-card redemptions onto their correct lines, so CRA’s automated matching never bills tax on a $900,000 store it misreads.
- We claim capital cost allowance on Schedule 8 with your shelving, gondolas and display fixtures in Class 8 at 20%, your POS terminals in Class 50 and your store build-out in Class 13 over the lease term, so nothing is stranded in the wrong pool.
- We value your shelf stock as inventory under section 10 of the Income Tax Act at the lower of cost and net realizable value, writing a $40,000 pile of unsold licensed-character stock down to what it will actually fetch rather than carrying it at cost.
- We carry your imported stock at landed cost, pulling customs duty and freight-in into cost of goods sold rather than expensing them separately, so the margin on a $120,000 container is stated correctly and your gross profit is not overstated.
- We hold unredeemed gift cards as deferred revenue instead of income, recognizing breakage only on balances that will never be redeemed, so a $25,000 December gift-card run is not taxed in a year you have not yet supplied the toys.
- We reconcile your Lightspeed Retail, Shopify POS or Square takings to the bank every day inside QuickBooks Online or Xero, because a gap between recorded sales and deposits is the single fastest way a retail file gets pulled for review.
- We track inventory by category so you see the real margin on board games against plush against licensed lines, and on one store this showed $38,000 of shelf space tied up in a category turning barely twice a year.
- We book your import entries at landed cost with duty and freight-in allocated across the container, and claim the GST CBSA charged you at the border as an input tax credit rather than leaving it buried in a broker invoice.
- We carry gift cards, layaway deposits and a sales-returns reserve as liabilities in the ledger, so your December revenue is not overstated by $25,000 of product you still owe customers in the new year.
- We capture every supplier invoice, freight bill and customs document through Dext and reconcile monthly, keeping the six years of records section 230 requires and making sure no input tax credit is lost to a missing broker statement.
- We set up sales-floor payroll in Wagepoint, withholding income tax, CPP and EI and remitting on the PD7A by the 15th of the following month, because CRA’s late-remittance penalty on source deductions climbs to 10% as the lateness grows.
- We register your WSIB coverage before your first hire and keep it current through the seasonal ramp, because coverage is mandatory from day one and an unregistered store faces retroactive premiums and penalties on every wage dollar it ever paid.
- We file your T4 slips and T4 Summary by the last day of February and reconcile them to the PD7A remittances you actually made, so a store that hired fifteen people for December is not penalized for a mismatch.
- We monitor your total Ontario payroll against the $1,000,000 Employer Health Tax exemption, so a growing multi-location toy store registers and remits EHT in the right year instead of being assessed for it later with interest.
- We settle the employee-versus-contractor question on the casual help you bring in for the Christmas rush, because misclassifying seasonal staff exposes the company to back CPP, EI and penalties when CRA reviews the working relationship.
- Toys are fully taxable at 13% in Ontario and carry no point-of-sale rebate — children’s clothing and footwear are relieved, toys are not — so we set the right rate in your POS, because CRA will assess the tax you should have collected.
- Where your basket is mixed, a store also carrying qualifying printed books or children’s clothing has to be configured for more than one effective rate, and getting that split wrong quietly misstates every GST34 return you file.
- You must register once taxable revenue passes the $30,000 small-supplier threshold across four consecutive calendar quarters, and we track the exact quarter you cross so CRA cannot assess back-tax on sales where you never charged HST.
- We claim the input tax credits on your stock purchases, store rent, shelving, POS hardware and marketing, and recover the GST CBSA charged at the border on imported toys — on one store that border GST alone came to $14,000.
- We reconcile the HST on your returns to the revenue on your T2 every filing period, because CRA’s matching program compares the two and a retailer whose figures disagree by even $5,000 is among the fastest files pulled for audit.
- We set the salary-versus-dividend mix for the owners, 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 instead of the 53.53% top personal rate.
- We keep your active income under the $500,000 Small Business Deduction limit using section 125, and watch the associated-corporation and passive-income rules that grind the limit toward the higher general corporate rate as your store builds surplus.
- We time your fixture, shelving and POS purchases before your fiscal year-end so the half-year rule and the 20% Class 8 and Class 50 rates give the largest first-year deduction against a strong fourth quarter.
- We review your slow-moving and discontinued stock before year-end so genuine net realizable value write-downs land in the year the value was actually lost, rather than sitting on the balance sheet inflating both your inventory and your tax bill.
- We plan at least two years ahead so your shares qualify for the $1.25M Lifetime Capital Gains Exemption under section 110.6, purifying the company of non-active assets so selling your store defers tax CRA would otherwise collect on the gain.
- We reconstruct retail sales, marketplace payouts and stock purchases from bank deposits, POS exports and supplier statements across your unfiled years, rebuilding the six years of records section 230 requires so CRA cannot arbitrarily assess six figures of income.
- Late filing costs 5% of the balance owing plus 1% per month up to twelve months, so we file your oldest unfiled T2 first to stop the penalty compounding and limit the arrears interest CRA charges your corporation.
- We file the missing GST34 returns and reconcile the 13% you charged at the till against what you actually remitted, so tax you collected is accounted for and CRA cannot assess back tax with interest on the gap.
- We rebuild the undepreciated capital cost pools across the unfiled years so missed CCA on Class 8 fixtures, Class 13 leasehold improvements and Class 50 POS hardware is recovered; on one file this restored $19,000 of depreciation.
- We file a Voluntary Disclosures Program application on Form RC199 before CRA contacts you, because a disclosure accepted under the general program cancels penalties in full and gives roughly 50% interest relief on the older years.
- When CRA opens an audit, we manage the whole file and answer the inventory, HST and POS queries inside the deadlines, so a one-year review does not expand into a $200,000 reassessment across the three prior years CRA can reopen.
- When CRA runs indirect verification of income on a card-and-cash retailer, comparing deposits and lifestyle to reported sales, we prepare the source-and-application-of-funds reconciliation within the 30-day deadline, defending takings CRA assumed were unreported.
- We defend your inventory write-downs when CRA challenges them, producing the supplier costs, markdown records and POS data that show a discontinued licensed line genuinely fell below cost rather than being written down to manage tax.
- We answer HST reviews on whether your POS was charging the right rate across a mixed basket, because a deduction or credit disallowed for missing records cannot be restored later, and one reconciliation put $16,000 of input tax credits back.
- We file the Notice of Objection within 90 days of a reassessment and pursue taxpayer relief on Form RC4288, cancelling penalties and interest that can top $15,000 where a prior accountant’s error caused them, protecting your right to the Tax Court.
- We prepare the CSRS 4200 compilation engagement financial statements, the Notice to Reader a landlord requires before granting a lease and a bank requires across two fiscal years before approving the operating credit that funds your pre-Christmas buying.
- Your compiled statement of financial position presents counted inventory net of markdowns, fixtures and POS hardware at net book value, leasehold improvements and the gift-card liability, giving a lender the working-capital picture a bare T2 cannot.
- We build the statement of operations with retail sales, marketplace revenue and cost of goods sold at landed cost classified consistently across two years and tied to the T2 filed with CRA, so the lender approves the facility.
- The CSRS 4200 communication discloses that no audit or review was performed, and without it a bank and the Business Development Bank of Canada reject the file and the seasonal credit worth $100,000 you need to buy stock.
- We deliver the compiled statements within 30 days of receiving your records and the year’s T2 figures, because a lease approval or an inventory-financing offer collapses when the conditional terms expire before the file is produced.
- We incorporate your business under the Ontario Business Corporations Act, giving you limited liability and roughly the 12.2% Ontario small-business rate, against the 53.53% top personal rate an unincorporated shop owner pays on every retained dollar.
- We complete the section 85 rollover on Form T2057, transferring your inventory, fixtures, POS system and goodwill into the corporation at elected amounts, deferring the capital gain and recapture that a straight sale of those assets would trigger.
- We register your WSIB coverage before the first employee starts, because coverage is mandatory from the first hire and an unregistered owner faces retroactive premiums and penalties assessed back over the years staff were on the floor.
- We open the corporation’s CRA Business Number, HST and payroll accounts within the first 30 days, set the source-deduction remittance schedule, and close the old accounts so your company never double-remits HST on the same retail sales.
- We structure the share classes and set the first fiscal year-end up to 53 weeks after incorporation, so dividends can be split among family shareholders and the first T2 balance-due date is deferred, keeping tax working in the company longer.
- We rebuild months or years of neglected books from bank deposits, POS exports, supplier statements and customs entries, so a toy store that let its records slide through two Christmas seasons gets a clean ledger instead of a shoebox.
- We reconstruct inventory period by period and apply the markdowns and shrinkage that were never recorded, so cost of goods sold on your caught-up statements reflects stock actually sold rather than $50,000 of dead licensed lines carried at cost.
- We recover the input tax credits buried in unentered supplier, freight and customs-broker invoices across the backlog, because a season of missing paperwork can hide $12,000 of credits that a lender-ready set of books would surface.
- We rebuild your gift-card and layaway liabilities across the caught-up months, so revenue is recognized when the toys were actually handed over rather than when the card was sold and the obligation was still outstanding.
- We rebuild your Class 8, Class 13 and Class 50 asset schedules and reconcile payroll and WSIB across the caught-up months, so your bookkeeping ties out and an accurate T2 can be filed without guessing at a lost year.
- When your toy store ships into the US through Amazon or your own storefront, we determine whether that US-source revenue creates a filing obligation and prepare Form 1120-F, applying the Canada-US treaty so a line of export sales is not taxed twice.
- Where a US parent owns your Canadian store, we handle the transfer-pricing documentation and Form T106 on intercompany stock and management charges, so CRA cannot reassess the margin shifted across the border on a six-figure related-party balance.
- We claim treaty protection against a US permanent establishment where inventory sits in a US fulfilment warehouse, filing the treaty-based return positions that keep a marketplace arrangement from triggering full US corporate tax on your store.
- We manage the LLC hybrid-entity mismatch that traps many owners, coordinating the US and Canadian treatment so income taxed once in the US is not stranded, and we file the FBAR and Form T1134 your foreign affiliate reporting requires.
- We reconcile the US and Canadian returns so foreign tax credits actually land, ensuring US tax paid on cross-border toy sales offsets Canadian tax on the same income rather than leaving $20,000 double-taxed and unrecovered.
- We bring your company forward on unreported cash takings or marketplace income before CRA opens a review, because a Voluntary Disclosures Program application accepted under the general program cancels the gross-negligence penalty that can reach 50% of the tax.
- We file your VDP submission on Form RC199 with a full income reconstruction, so a store that under-reported $150,000 of sales over several seasons corrects the record on its own terms instead of facing an arbitrary CRA net-worth assessment.
- We disclose the HST you should have charged at the till but never remitted, cleaning up an unregistered or under-reported GST/HST account so the 13% you collected from customers is finally accounted for with penalties waived.
- We correct unfiled T4 slips and any unreported US marketplace income through the same disclosure, sparing your company the per-slip and gross-negligence penalties CRA would otherwise stack once it finds the gap on its own.
- We confirm your disclosure is genuinely voluntary before CRA contacts you — the single condition that makes it valid — and secure the roughly 50% interest relief on the older years, turning a prosecution risk into a managed correction.
Toy Store Inventory & HST Check
Six quick questions on your inventory write-downs, your POS tax setup, your landed cost, your gift-card liability, your border GST and whether it is time to incorporate. No fee shown.
1. Do you write down unsold and discontinued stock at year-end?
2. Is your POS charging the full 13% on toys, with no rebate applied?
3. Do you carry imported stock at landed cost, with duty and freight-in?
4. Are unredeemed gift cards held as a liability rather than revenue?
5. Are you claiming back the GST charged at the border on imports?
6. Is your toy store incorporated?
Free CPA Consultation for Toy Stores
Case Studies: Toy Store Accounting & Tax
Oakville Independent Toy Shop — Inventory & Markdowns
The problem: An Oakville toy shop was carrying every unit on its shelves at full purchase cost, including two licensed-character lines that had stopped selling eighteen months earlier. Because nothing was ever written down, the balance sheet showed inventory the store could not actually realize, cost of goods sold was understated, and the corporation paid tax on profit that existed only on paper. Imported stock was also being booked at the invoice price with the customs duty and freight-in expensed separately, so the true margin on each container was invisible.
What we did: We counted and revalued the stock under section 10 at the lower of cost and net realizable value, wrote down the dead licensed lines, rebuilt the import entries at landed cost with duty and freight-in inside cost of goods sold, and set a year-end markdown review.
The result:
- Wrote $40,000 of dead stock down to net realizable value
- Restated margin on imports at true landed cost
- Corporate tax reduced to the profit actually earned
Markham Educational Toy Store — POS, Gift Cards & Payroll
The problem: A Markham educational toy store was recording every gift card sold in December as revenue on the day it was sold, so its fourth quarter looked far stronger than it was and the following spring, when the cards were redeemed against real stock, looked inexplicably weak. Its Lightspeed takings were never reconciled to the bank, and the fifteen seasonal staff hired for the Christmas rush had been paid without the T4 slips ever being reconciled back to the PD7A remittances.
What we did: We moved gift cards to a deferred revenue liability with breakage recognized only on balances that will not be redeemed, set a daily Lightspeed-to-bank reconciliation in QuickBooks Online, and rebuilt the seasonal payroll with WSIB coverage and T4s reconciled to the PD7A.
The result:
- $25,000 of gift cards moved off revenue to a liability
- Daily POS-to-bank reconciliation, 6 hours a week saved
- T4s filed by the last day of February, reconciled to PD7A
Hamilton Hobby & Game Store — HST and Border GST
The problem: A Hamilton hobby and game store had configured its POS on the assumption that children’s items were relieved from the provincial portion of HST, so it had been charging less than the full 13% on toys that carry no point-of-sale rebate at all. At the same time, the GST that CBSA charged on every imported container was sitting in the customs broker’s invoices and had never been claimed as an input tax credit, so the store was under-collecting at the till and over-paying at the border simultaneously.
What we did: We reconfigured the POS to charge the full 13% on toys while keeping the store’s small printed-book section on its own effective rate, then went back through the open periods and claimed the border GST as input tax credits on the GST34 returns.
The result:
- Recovered $14,000 of border GST as input tax credits
- POS corrected to the full 13% on toys
- Mixed basket configured, returns now tie to the T2
Our clear, efficient process ensures every step is transparent, building trust and long-term client relationships.
Kickoff (Document Request)
Collect prior T2 returns, year-end stock counts, POS exports, supplier and customs-broker invoices, gift-card and layaway balances, fixture and leasehold costs, payroll records, and bank statements.
First 30 Days (Cleanup & Setup)
Set up QuickBooks Online or Xero, connect Lightspeed, Shopify or Square, build inventory, landed-cost and gift-card schedules, classify CCA, and configure payroll and WSIB tracking.
Monthly Close
Daily POS-to-bank reconciliation, receipt capture, category margin reporting, HST on retail sales, and inventory and gift-card tracking.
Quarterly Planning Review
Salary and dividend mix, HST and border GST review, markdown and write-down planning, and fixture and buying timing before the season.
Year-End Close & T2 Filing
Trial balance, financial statements with counted inventory, gift-card and layaway liabilities and fixtures at net book value, T2 with GIFI, and CRA preparation.
Get Your Toy Store Taxes Done Right Today
Affordable Pricing for Toy Stores
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 Toy Store Accountant
Meet your lead toy store accountant. As your retail and corporate tax adviser, you deal with the same two people every year.
What Our Clients Say
1300+ five-star reviews from toy store and independent retail owners across Ontario and Canada.
Serving Toy Stores Across Ontario
Our CPA team provides specialized accounting and tax solutions for toy stores throughout Ontario. We understand how seasonal buying, inventory write-downs, landed cost on imports and gift-card liabilities actually flow through a retail business, what CRA looks at on a card-and-cash file, and how to put your stock and fixtures in the right place.
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)
2100 Camilla Rd #716, Mississauga, ON L5A 2J8
+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)
Toy Store Accounting & Tax FAQs
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Toy Store Accounting & Tax Done Right.
T2 filing, HST at the full 13% with no point-of-sale rebate, section 10 inventory at the lower of cost and net realizable value, markdowns on dead licensed lines, imported stock at landed cost with border GST recovered, gift cards and layaway held as liabilities, Class 8 fixtures, Class 13 build-out and Class 50 POS hardware, and seasonal payroll with WSIB and T4s under one roof. AFFORDABLE flat fees, no hourly billing. Licensed CPA Ontario. 1300+ five-star reviews. 30-Day Money-Back Guarantee.