Tax Accountant for Bookstores in Ontario and Across Canada
We configure your till for the Ontario point-of-sale rebate that takes the 8% provincial portion off qualifying printed books, leaving them effectively taxed at 5% GST while your stationery, gifts, sidelines and café stay at the full 13%, move your returns allowance and your inventory valuation together so publisher returnability is reflected in both, record consignment titles from local authors at the commission you actually earn rather than the gross, hold special-order customer deposits as a liability until the book is supplied, and value your shelf stock under section 10 of the Income Tax Act. Whether you run an independent bookshop, a used and antiquarian bookstore, a comic book store, or a bookstore café, we handle the mixed-rate HST, the inventory and returns accounting, the payroll with WSIB and T4s, and plan the salary, dividends and eventual sale of your company — with AFFORDABLE flat fees.
AFFORDABLE Bookstore Tax Accountant
A bookstore is a mixed-rate retailer, and that single fact drives its accounting. Qualifying printed books carry the Ontario point-of-sale rebate of the 8% provincial portion, so they are effectively taxed at 5% GST — rebated, not exempt, and the distinction matters because it is what keeps your input tax credits intact. Everything else on the floor is different: stationery, gifts, toys, magazines and the café are not rebated as books are, so if your till applies one rate across the whole basket, every return you file is wrong. On top of that, the trade runs on returnability. Unsold stock goes back to the publisher, which means your returns allowance and your inventory valuation under section 10 have to move together, not separately. That is why you need a retail accountant who knows how a bookshop actually runs. At Gondaliya CPA, we specialize in mixed-rate HST, inventory and returns bookkeeping and corporate tax planning for bookstores, providing AFFORDABLE flat-fee support that keeps you CRA-compliant and stops you paying more tax than you owe.
As a bookstore and bookselling accountant, we work with independent bookshops, used and antiquarian book dealers, comic book stores, and bookstore cafés 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 between your books, your sidelines and your café.
Let us handle the numbers so you can focus on the shelves, the buying and the customers who actually pay you.
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Accounting That Understands How a Bookstore Actually Works
Running a bookstore comes with financial pressures a single-rate retailer never faces. Your books are rebated and your sidelines are not, your unsold stock can go back to the publisher, your local-author consignment shelf is not your revenue at all, and the deposits customers leave on special orders are money you owe until the book arrives. At Gondaliya CPA, we understand the financial reality of a bookshop and provide practical, retail-focused solutions across the GTA and all of Ontario.
Stay Compliant and Minimize Your Bookstore Tax
For a bookstore, 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, returns and fixture dollar the T2 allows, so nothing is missed and nothing invites a reassessment.
Accounting & Tax Experts for Bookstores
- 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 Bookstores?
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 in Class 50. We value stock net of the returns allowance and protect the $500,000 Small Business Deduction.
Consulting — Mixed-Rate POS & Returns Bookkeeping
Our bookkeeping configures Bookmanager, Lightspeed or Shopify by category so books, sidelines and the café each carry the right rate, and tracks publisher returns and consignment so you see the real margin on each.
CRA Representation — Mixed-Rate & Inventory Audit
When CRA reviews whether your till applied the printed-book rebate correctly, or challenges your inventory and returns allowance, we prepare the response and pursue relief on Form RC4288 where penalties came from a prior error.
Bookkeeping — Payroll, Deposits & Sale
We run your payroll with WSIB and T4s, carry your special-order deposits and gift cards as liabilities, and get you ready to sell. We model the profit level where incorporating pays off and handle the eventual disposition.
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Bookstore Clients
Bookstore Tax and Accounting Services in Ontario
Corporate Tax Filing (T2) for Bookstores
Professional T2 preparation with Schedule 8 CCA on your shelving, build-out and POS hardware, counted inventory net of the returns allowance, and CRA compliance on every line.
Bookkeeping & Accounting for Bookstores
Mixed-rate POS, inventory and returns bookkeeping with financial statements, clean records, and monthly reporting built for a bookshop.
Payroll Services for Bookstores
Floor and café payroll with WSIB coverage, PD7A remittances, T4s filed by the last day of February, and Employer Health Tax tracking.
GST/HST Filing for Bookstores
AFFORDABLE mixed-rate HST filing with the printed-book rebate applied correctly and full input tax credits, matched to your T2 to avoid CRA penalties.
Tax Planning for Bookstores
Smart tax planning to protect the Small Business Deduction, time your buying and returns, and plan salary, dividends and the sale of your shop.
Corporate Catch-Up Filing for Bookstores
File overdue T2 and HST years, rebuild missing POS, publisher and consignment records, and get back into CRA compliance with accurate catch-up support.
CRA Audit Resolution for Bookstores
Expert support for mixed-rate HST, inventory and returns-allowance audits, with indirect-verification-of-income reviews handled with confidence.
CPA Financial Statements (Notice to Reader) for Bookstores
CPA-compiled financial statements that landlords, banks and inventory-financing lenders accept for your retail corporation.
Incorporation Services for Bookstores
Full incorporation including NUANS, articles, share structure, and the section 85 rollover from your unincorporated bookshop.
Catch-Up Bookkeeping Services for Bookstores
Months or years of POS exports, publisher invoices, credit notes and consignment records reconstructed and reconciled, so your inventory and cost of sales are finally accurate.
US Corporation & LLC Tax Filing for Bookstores
Cross-border filing for bookstores 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 Bookstores
Come forward on unreported cash sales, marketplace income or mis-rated HST before CRA calls, cancelling penalties and easing interest through a Voluntary Disclosures Program application.
Accounting & Tax Services Tailored for Bookstores
Real, practitioner-level CPA expertise for independent bookshops, used and antiquarian book dealers, comic book stores, and bookstore cafés across Ontario — built for how a mixed-rate retailer actually runs.
- We prepare your T2 with GIFI on Schedule 100 and Schedule 125, splitting book sales, sideline and café revenue and consignment commission onto their correct lines, so CRA’s automated matching never bills tax on a $700,000 shop it misreads.
- We claim capital cost allowance on Schedule 8 with your shelving and 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, net of the returns allowance, so returnable titles are not carried at full cost on a balance sheet your lender reads.
- We record consignment titles from local authors at the commission or spread you actually earn rather than the gross sale, because reporting $30,000 of consignment turnover as your own revenue overstates income and distorts every margin on the return.
- We hold unredeemed gift cards and special-order customer deposits as liabilities instead of income, so revenue is recognized when the book is handed over, not when the money was taken for a title that had not yet arrived.
- We configure Bookmanager, Lightspeed Retail or Shopify POS by category so qualifying printed books carry the rebated rate while stationery, gifts and the café carry the full 13%, then reconcile the takings to the bank daily in QuickBooks Online or Xero.
- We track the returns allowance against your publisher returnability so unsold stock heading back does not sit in inventory at full cost, because the allowance and the section 10 valuation have to move together or both numbers are wrong.
- We separate book margin from sideline and café margin in your chart of accounts, and on one shop this showed the café running at barely half the contribution the owner assumed while absorbing most of the labour hours.
- We carry consignment stock off your balance sheet and record only the commission earned, so a shelf of local-author titles you never bought is not inflating your inventory or your cost of sales at year-end.
- We capture every publisher invoice, credit note and freight bill 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 credit note.
- We set up floor and café 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 holiday ramp, because coverage is mandatory from day one and an unregistered shop 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 shop running part-time floor staff and café hours 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 bookstore registers and remits EHT in the right year instead of being assessed for it later with interest.
- We treat the staff book discount correctly, because a discount extended beyond what is ordinary can be a taxable benefit that belongs on the T4, and getting it wrong invites an adjustment on an otherwise clean payroll review.
- Qualifying printed books carry the Ontario point-of-sale rebate of the 8% provincial portion, leaving them effectively taxed at 5% GST, and we configure the till for it, because a shop charging the full 13% on books is overcharging every customer.
- Books are rebated, not exempt, and that distinction is worth real money: because the supply stays taxable, your input tax credits on stock, rent, fixtures and POS remain fully claimable rather than being restricted the way an exempt supply would restrict them.
- Your stationery, gifts, toys, magazines and café do not share the book treatment and stay at the full 13%, so we set the tax code by category, because one rate across a mixed basket 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 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 shop builds surplus.
- We time your shelving, fixture 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 trading year.
- We review your slow-moving and non-returnable stock before year-end so genuine net realizable value write-downs land in the year the value was 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 bookshop defers tax CRA would otherwise collect on the gain.
- We reconstruct book sales, sideline and café revenue and stock purchases from bank deposits, POS exports and publisher statements across your unfiled years, rebuilding the six years of records section 230 requires so CRA cannot arbitrarily assess your 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 rebuild the split between rebated book sales and fully taxable sidelines for each period, so the tax you actually 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 shelving, Class 13 leasehold improvements and Class 50 POS hardware is recovered; on one file this restored $16,000 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 mixed-rate HST, inventory and returns queries inside the deadlines, so a one-year review does not expand into a six-figure reassessment across the three prior years CRA can reopen.
- When CRA questions whether the point-of-sale rebate was applied only to qualifying printed books, we produce the POS category data and product records showing which sales were rebated and which carried the full 13%, defending the returns as filed.
- 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 returns allowance and inventory valuation when CRA challenges the timing, producing the publisher credit notes and return authorizations that show unsold stock genuinely went back rather than being written off to manage tax.
- 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 seasonal buying.
- Your compiled statement of financial position presents counted inventory net of the returns allowance, fixtures and POS hardware at net book value, leasehold improvements and the gift-card and deposit liabilities, giving a lender the working-capital picture a bare T2 cannot.
- We build the statement of operations with book sales, sideline and café revenue and consignment commission 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 operating credit worth $100,000 you need to carry your 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 bookseller pays on every retained dollar.
- We complete the section 85 rollover on Form T2057, transferring your inventory, shelving, 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 configure the new POS tax codes so the printed-book rebate is applied correctly from your first trading day.
- 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, publisher invoices and credit notes, so a bookshop that let its records slide through two trading years gets a clean ledger instead of a shoebox.
- We reconstruct inventory period by period and apply the returns allowance and shrinkage that were never recorded, so cost of sales on your caught-up statements reflects stock actually sold rather than titles that went back to the publisher.
- We separate consignment titles from owned stock across the backlog, because years of recording local-author sales at the gross rather than the commission can overstate reported revenue by tens of thousands and distort every ratio a lender reviews.
- We rebuild your gift-card and special-order deposit liabilities across the caught-up months, so revenue is recognized when the book was actually supplied rather than when the customer left the money on a title that had not arrived.
- 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 bookstore ships into the US through a marketplace 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 export sales are not taxed twice.
- Where a US parent owns your Canadian shop, 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 shop.
- 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 book sales offsets Canadian tax on the same income rather than leaving it 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 shop that under-reported sales over several years corrects the record on its own terms instead of facing an arbitrary CRA net-worth assessment.
- We disclose HST that was mis-rated at the till, where the printed-book rebate was applied to sidelines that never qualified for it, cleaning up the account before CRA finds the pattern across several years of returns.
- 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.
Bookstore HST & Inventory Check
Six quick questions on your printed-book rebate, your mixed-rate till, your publisher returns, your consignment shelf, your special-order deposits and whether it is time to incorporate. No fee shown.
1. Is your POS applying the printed-book rebate to qualifying books?
2. Are your sidelines and café charged at the full 13%?
3. Do you carry a returns allowance against returnable publisher stock?
4. Are consignment titles recorded at commission rather than gross?
5. Are special-order deposits and gift cards held as liabilities?
6. Is your bookstore incorporated?
Free CPA Consultation for Bookstores
Case Studies: Bookstore Accounting & Tax
Toronto Independent Bookshop — Mixed-Rate POS
The problem: A Toronto independent bookshop had set its till to treat everything it sold the way it treated books, so the point-of-sale rebate on the provincial portion was being applied across the stationery wall, the gift table and the card rack as well. None of those sidelines qualify. The shop had been under-collecting tax on a meaningful slice of its revenue for two years, and because the error sat in the POS configuration rather than the bookkeeping, every GST34 return filed in that period carried it forward unnoticed.
What we did: We rebuilt the product categories in the POS so qualifying printed books carry the rebated rate and every sideline carries the full 13%, quantified the under-collected tax across the open periods, and brought the shop forward through a Voluntary Disclosures Program application on Form RC199 before CRA found the pattern.
The result:
- POS rebuilt by category, books rebated, sidelines at 13%
- Two years of misstated GST34 returns corrected
- Penalties cancelled through a voluntary disclosure
Ottawa Bookstore Café — Margin and Payroll
The problem: An Ottawa bookstore café had one revenue line for the whole business, so the owner could not tell whether the café was carrying the books or the other way round. The café absorbed most of the payroll hours and all of the food waste, yet its contribution had never been measured separately. Payroll was run from a spreadsheet, WSIB had never been registered despite six people on the schedule, and the T4s had not been reconciled back to the PD7A remittances.
What we did: We split books, sidelines and café into separate revenue and cost centres in Xero, reconciled the Lightspeed takings to the bank daily, registered WSIB coverage, and moved payroll into Wagepoint with T4s filed by the last day of February and reconciled to the PD7A.
The result:
- Café contribution measured separately for the first time
- WSIB registered, 8 hours a week of admin saved
- T4s reconciled to PD7A, payroll penalties avoided
Guelph Used & New Bookstore — Returns and Consignment
The problem: A Guelph bookstore selling new, used and local-author titles was carrying every book on the shelf as owned inventory at full cost, including returnable new stock already flagged to go back to the publisher and a consignment shelf the shop had never paid for. Sales of consignment titles were recorded at the gross rather than the commission, so revenue looked stronger than it was, inventory was overstated on the balance sheet, and the margin the owner thought the shop earned did not exist.
What we did: We set up a returns allowance that moves with the section 10 inventory valuation, took consignment stock off the balance sheet entirely and recorded only the commission earned, and revalued the used-book inventory at the lower of cost and net realizable value.
The result:
- $30,000 of consignment turnover removed from revenue
- Returns allowance and inventory valuation now move together
- Used-book stock revalued, margin finally accurate
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 by category, publisher invoices and credit notes, consignment agreements, gift-card and special-order deposit balances, fixture and leasehold costs, payroll records, and bank statements.
First 30 Days (Cleanup & Setup)
Set up QuickBooks Online or Xero, connect Bookmanager, Lightspeed or Shopify, configure the tax codes by category for the printed-book rebate, build inventory, returns and consignment schedules, classify CCA, and configure payroll and WSIB tracking.
Monthly Close
Daily POS-to-bank reconciliation, receipt and credit-note capture, book against sideline and café margin reporting, mixed-rate HST, and inventory and returns tracking.
Quarterly Planning Review
Salary and dividend mix, mixed-rate HST review, returns and write-down planning, and fixture and buying timing before the season.
Year-End Close & T2 Filing
Trial balance, financial statements with counted inventory net of the returns allowance, deposit and gift-card liabilities and fixtures at net book value, T2 with GIFI, and CRA preparation.
Get Your Bookstore Taxes Done Right Today
Affordable Pricing for Bookstores
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 Bookstore Accountant
Meet your lead bookstore 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 bookstore and independent retail owners across Ontario and Canada.
Serving Bookstores Across Ontario
Our CPA team provides specialized accounting and tax solutions for bookstores throughout Ontario. We understand how the point-of-sale rebate on printed books, a mixed-rate basket, publisher returnability and consignment titles actually flow through a bookshop, what CRA looks at on a mixed-rate retail file, and how to configure your till so every return is right.
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)
Bookstore Accounting & Tax FAQs
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Bookstore Accounting & Tax Done Right.
T2 filing, the Ontario point-of-sale rebate applied correctly so qualifying printed books are effectively taxed at 5% while sidelines and the café stay at 13%, section 10 inventory net of the returns allowance, consignment titles at commission rather than gross, special-order deposits and gift cards held as liabilities, Class 8 shelving, Class 13 build-out and Class 50 POS hardware, and 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.