Tax Accountant for School Bus Operators in Ontario and Across Canada
You have one customer, a ten-month revenue year and a fleet that costs money for twelve. We build the books around that: route-level costing against the school board or consortium contract, the summer trough funded before it arrives rather than survived, and a fiscal year-end chosen to match the school year instead of cutting it in half. Your buses sit outside the ITA 248(1) automobile definition as buses used in transporting passengers, so we pool them in Class 10 at 30% and settle recapture and terminal loss on every fleet refresh. We test your drivers against the CRA guide RC4110 factors, run signing and retention payments through payroll properly, and review the Schedule V educational services exemptions against your actual contracting structure rather than guessing at the HST answer. AFFORDABLE flat fees.
AFFORDABLE School Bus Operator Tax Accountant
A school bus operation is not a transport company that happens to carry students. It is a contract business with a fleet attached. Almost all of the revenue arrives from a single school board or student transportation consortium under a multi-year route contract awarded through procurement, which means the commercial facts that matter are the term of that contract, the concentration of the receivable behind it and whatever escalator the contract carries. A lender reads the contract before it reads the fleet. Then comes the part no charter operator ever faces: the routes run roughly ten months, the buses are parked in July and August, and the finance payments, the fleet insurance, the yard rent and the drivers you cannot afford to lose all continue through both of them. That single fact drives the fiscal year-end you choose, the size of the operating line you need and how the summer is funded. At Gondaliya CPA, we specialize in contract revenue, fleet pools and driver cost for school bus operators, providing AFFORDABLE flat-fee support that keeps you CRA-compliant and stops you paying more tax than you owe.
As a school bus operators accountant, we work with home-to-school route contractors, special-needs and wheelchair-accessible route operators, school van and minibus operators, and owner-operators running a handful of buses across Ontario, with year-round support rather than a once-a-year scramble. We tell you what each route earns, what the fleet is actually worth and where your driver exposure sits.
Let us handle the numbers so you can focus on the routes and the drivers.
Our Official Partners
Accounting That Understands How a School Bus Operation Actually Works
Route contracting comes with financial pressures a charter operator never faces. One customer carries your entire revenue line, your year is ten months long while your costs are twelve, your largest capital asset is a bus that has to be replaced on a cycle, and losing a driver in October means losing the route that driver covers. At Gondaliya CPA, we understand that reality and provide practical, trade-focused solutions across Ontario.
Stay Compliant and Minimize Your School Bus Operator Tax
For a school bus operator, staying onside with the MTO, the board or consortium that awarded your contract and CRA and paying the least legal tax are the same job. We keep every filing on schedule while claiming every fleet, driver and yard dollar the T2 allows, so nothing is missed and nothing invites a reassessment.
Accounting & Tax Experts for School Bus Operators
- 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 School Bus Operators?
Tax Planning — Fleet Pools & Year-End
We know the trade: Class 10 at 30% on the buses, recapture on a refresh, and a fiscal year-end set to the school calendar. We protect the $500,000 Small Business Deduction.
Consulting — Route Margin & Summer Cash
Our bookkeeping costs each route against its contract payment, spreads twelve months of fleet cost against ten months of revenue, and sizes the operating line before July.
CRA Representation — Drivers & Credits
When CRA challenges the driver line or your input tax credit allocation, we prepare the response and pursue relief on Form RC4288 where a prior error caused the penalties.
Bookkeeping — Lender File & Sale
We produce the statements your fleet lender reads, show the contract term behind the revenue, and model the exit around whether the contract can be assigned at all.
Google Reviews
School Bus Operator Clients
School Bus Operator Tax and Accounting Services in Ontario
Corporate Tax Filing (T2) for School Bus Operators
Professional T2 preparation with the fleet pooled in Class 10 at 30%, route contract revenue split out, and recapture settled on every bus disposal.
Bookkeeping & Accounting for School Bus Operators
Route-level costing against the contract payment, twelve months of fleet cost spread across ten months of revenue, and financial statements from clean records.
Payroll Services for School Bus Operators
Driver payroll with WSIB coverage, PD7A remittances, T4 slips filed on time, and signing and retention payments run through payroll properly.
GST/HST Filing for School Bus Operators
AFFORDABLE HST filing with your contracting structure reviewed against the Schedule V educational services exemptions before any rate is set.
Tax Planning for School Bus Operators
Smart planning on fleet purchase timing in Class 10, the fiscal year-end that matches the school year, and the Small Business Deduction.
Corporate Catch-Up Filing for School Bus Operators
File overdue T2 and HST years, rebuild the missing Class 10 fleet pool and contract records, and get back into CRA compliance.
CRA Audit Resolution for School Bus Operators
Expert support for driver classification, input tax credit allocation and fleet disposal audits, handled with confidence from the first letter.
CPA Financial Statements (Notice to Reader) for School Bus Operators
CPA-compiled financial statements that fleet lenders accept, carrying the buses at net book value with the contract term disclosed behind the revenue.
Incorporation Services for School Bus Operators
Full incorporation including NUANS, articles, share structure, and the section 85 rollover of your buses and yard equipment into the company.
Catch-Up Bookkeeping Services for School Bus Operators
Months or years of contract remittances, fuel cards, repair invoices and driver payroll reconstructed and reconciled, so your fleet schedule is finally accurate.
US Corporation & LLC Tax Filing for School Bus Operators
Cross-border filing where owners or shareholders are non-resident or American, covering withholding, NR4 reporting and T1135 obligations.
Voluntary Disclosure Program for School Bus Operators
Come forward on unreported recapture, drivers paid without source deductions or HST handled on the wrong basis before CRA calls, cancelling penalties through a Voluntary Disclosures Program application.
Accounting & Tax Services Tailored for School Bus Operators
Real, practitioner-level CPA expertise for home-to-school route contractors, special-needs and wheelchair-accessible route operators, school van and minibus operators, and owner-operators across Ontario — built for a business with one customer, a ten-month year and a fleet that costs money for twelve.
- We prepare your T2 with GIFI on Schedule 100 and Schedule 125, separating route contract revenue, special-needs route payments, spare vehicle payments and field trip charter billing onto their own lines so the consortium work is visible on its own.
- Your buses are expressly outside the ITA 248(1) automobile definition as buses used in the business of transporting passengers, so they pool in Class 10 at 30% rather than being capped one vehicle at a time.
- We claim capital cost allowance on Schedule 8 with garage and shop equipment in Class 8 at 20%, dispatch computers in Class 50 at 55%, routing software in Class 12, and the yard leasehold in Class 13.
- When a bus leaves the fleet on a replacement cycle we calculate the recapture where proceeds exceed the undepreciated capital cost of the Class 10 pool, and claim the terminal loss where the pool is emptied for less.
- We set your fiscal year-end deliberately rather than leaving December in place, because a period that ends with the school year rather than cutting it in half makes the summer trough a planned event instead of a surprise.
- We cost every route as its own unit in BusPlanner or Edulog, loading the driver, the bus, the fuel, the insurance and the yard against the contract payment, so a losing route cannot hide inside the total.
- We spread the twelve months of bus finance, lease, insurance and yard cost against ten months of contract revenue, so your monthly statements show the real margin rather than two summer months that look like a collapse.
- We track the receivable from the board or consortium separately from every other balance, because a single customer carrying the whole revenue line is the first concentration risk a lender tests before it funds a bus.
- We keep a per-bus record behind the Class 10 pool with cost, in-service date and financing, because a pooled fleet with no vehicle-level detail makes recapture on a single disposal impossible to compute accurately.
- We capture fuel, parts, tire, insurance and safety inspection invoices through Dext into QuickBooks Online or Xero and reconcile monthly, keeping the six years of records ITA section 230 requires and losing no input tax credit.
- We test whether your drivers are employees or contractors against the CRA guide RC4110 factors, because a route that needs the same person every morning under your schedule and in your bus rarely survives that analysis as contract work.
- We run driver payroll in Wagepoint, withholding income tax, CPP and EI and remitting on the PD7A by the 15th of the following month, because CRA’s graduated late-remittance penalty on source deductions reaches 10%.
- We put signing and retention payments to drivers through payroll with source deductions withheld and T4 reporting behind them, rather than leaving them as a bonus line CRA will treat as unreported remuneration on review.
- We pay and record non-driving time properly, covering pre-trip inspection, fuelling and the waiting hours between the morning and afternoon runs, because unpaid or unrecorded time is both an employment standards exposure and a costing error.
- We register your WSIB coverage before the first driver starts, file T4 slips and the T4 Summary by the last day of February reconciled to the PD7A, and watch Ontario payroll against the $1,000,000 Employer Health Tax exemption.
- A domestic passenger transportation service is taxable at 13% in Ontario, but a home-to-school contract also engages the educational services exemptions in Schedule V, so we establish who is supplying whom before any rate is set.
- We read the actual contract between you, the board and the consortium rather than assuming an answer, because the same bus on the same route can sit on either side of the Schedule V line depending on the contracting structure.
- Where any part of what you supply turns out to be exempt, the input tax credits on the bus purchase, the diesel and the parts behind it are not fully recoverable, so we settle the allocation before CRA does.
- We file your GST34 returns on time with field trip charters, summer camp work and any municipal contract reviewed on their own facts, because those supplies are not automatically the same answer as the home-to-school route.
- We register you for HST once taxable revenue passes $30,000 across four consecutive calendar quarters and recover the credits on parts, tires, telematics subscriptions and yard rent that a registrant is entitled to claim.
- We time bus purchases and fleet refreshes against your fiscal year-end so the 30% Class 10 deduction lands in the year it is worth the most, rather than in whichever year the dealer happened to deliver.
- We set the salary and dividend mix for the owners so combined tax stays near the 12.2% Ontario small-business rate rather than the 53.53% top personal rate, while paying enough T4 salary to build RRSP room.
- We keep active income under the $500,000 Small Business Deduction limit using ITA section 125 and watch the associated-corporation rules where the owner also holds the yard or the garage in a second company.
- We plan the summer deliberately, sizing the operating line against twelve months of bus finance, insurance and yard cost, and testing whether summer camp or municipal work earns more than it costs to keep drivers through July and August.
- We plan at least two years ahead so your shares qualify for the $1.25M Lifetime Capital Gains Exemption under ITA 110.6, purifying the balance sheet of the assets that would otherwise fail the asset test.
- We reconstruct route contract payments, special-needs route revenue and charter billing from bank deposits and the consortium’s remittance advices across your unfiled years, rebuilding the six years of records ITA section 230 requires.
- Late filing costs 5% of the balance owing plus 1% per month for up to twelve months, so we file your oldest unfiled T2 first to stop the penalty compounding and limit the arrears interest CRA charges.
- We rebuild the Class 10 bus pool across the missing years from purchase and financing documents, so every year’s 30% capital cost allowance is claimed on a balance that is actually correct rather than guessed at.
- We pick up the bus disposals nobody recorded across the backlog and compute recapture or terminal loss on each one, because a fleet on a replacement cycle disposes of vehicles in almost every year it operates.
- We file a Voluntary Disclosures Program application on Form RC199 before CRA contacts you, because a disclosure accepted under the general program cancels the penalties in full and gives roughly 50% interest relief on the older years.
- When CRA challenges the driver line, we produce the contracts, the schedules and the CRA guide RC4110 analysis driver by driver, because a route contractor’s payroll audit almost always starts with who was actually behind the wheel.
- When CRA tests your input tax credits, we show the allocation behind the buses, the diesel and the parts against the contracting structure, rather than leaving a reviewer to assume nothing was ever allocated at all.
- When CRA queries a fleet refresh, we present the Class 10 pool movement with each bus disposal, its proceeds and the undepreciated capital cost, because a trade-in nobody journalized is still a disposal on the return.
- When CRA opens a full audit we manage the file and answer the revenue, fleet and payroll queries inside the deadlines, so a single-year review does not expand across the three prior years CRA is entitled to reopen.
- 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 exceed $15,000 where a prior accountant’s error caused them, and protecting your Tax Court rights.
- We prepare the CSRS 4200 compilation engagement financial statements a lender requires across two fiscal years for a bus order, a fleet refresh, and the operating line that funds July and August.
- Your compiled statement of financial position carries the fleet at net book value inside the Class 10 pool with the bus financing and lease obligations set directly against it, which is the first page a fleet lender reads.
- We disclose the route contract behind the revenue, its remaining term and the single-customer receivable concentration, because a lender underwriting a long-lived bus asset needs to know how long the contract paying for it actually runs.
- We build the statement of operations with route contract revenue, charter billing and driver cost classified consistently across two years and tied to the T2 filed with CRA, so the bank accepts the file without a second request.
- We deliver the compiled statements within 30 days of receiving your records and the year’s T2 figures, because a bus order placed to meet a September start date does not wait for a slow accountant.
- We incorporate your operation under the Ontario Business Corporations Act, giving you limited liability on a business that carries children every morning and roughly the 12.2% Ontario small-business rate against 53.53% personally.
- We complete the section 85 rollover on Form T2057, transferring your existing buses, yard equipment and goodwill into the corporation at elected amounts, deferring the capital gain that a straight sale of the fleet would trigger.
- We set the opening Class 10, Class 8, Class 50 and Class 13 schedules from the rollover so the corporation starts with a fleet and yard asset base that is correct rather than rebuilt from memory years later.
- We open the corporation’s CRA Business Number, HST and payroll accounts within the first 30 days and confirm the CVOR registration, the fleet insurance certificate and the board or consortium contract approvals all move to the new entity.
- We choose the first fiscal year-end at incorporation, where a corporation’s fiscal period cannot exceed 53 weeks under ITA 249.1, so the year-end sits with the school calendar from day one instead of being changed later.
- We rebuild months or years of neglected books from bank deposits, consortium remittance advices, fuel card statements and repair invoices, so an operator that ran three school years without bookkeeping finally has a ledger that ties.
- We rebuild the fleet schedule bus by bus from purchase and financing documents and place it correctly in Class 10 at 30%, which is the single item most often wrong when we inherit a school bus file.
- Where you are a registrant making taxable supplies, we recover the input tax credits buried in unentered diesel, parts, tire and insurance invoices, which on a fleet running ten months a year adds up to five figures across a couple of missed seasons.
- We reconstruct route-level costing across the backlog so the caught-up statements show margin per route rather than one blended number that tells the owner nothing about which contract lines are actually carrying the company.
- We reconcile driver payroll and any subcontractor payments to the PD7A remittances and T4 filings across the caught-up months, so an accurate T2 can be filed without guessing at what the drivers were actually paid.
- Where a non-resident holds shares in your operating company, we handle the Part XIII withholding on dividends paid out of Canada and the NR4 reporting that follows, so nothing is missed at 25% or the treaty rate.
- We file Form T1135 where the owners’ foreign property passes the $100,000 threshold, avoiding a penalty regime CRA applies whether or not any tax was actually owing on the holding itself.
- Where a US citizen is a shareholder or an owner of the corporation, we coordinate the Canadian and US returns, because those reporting obligations reach into a Canadian company in ways most operator families discover far too late.
- Where a cross-border school trip takes a bus out of the province or the country, we review the trip against the Schedule VI Part VII international passenger transportation rules rather than applying a single rate out of habit.
- We reconcile the Canadian and US returns so foreign tax credits actually land, ensuring tax paid on the same income in one country offsets tax in the other rather than being written off as a cost of doing business.
- We bring your company forward on drivers paid for years as contractors with no source deductions withheld and no slips filed, because the classification exposure and the per-slip penalties both sit behind that one line.
- We disclose recapture never reported on buses sold or traded in during past fleet refreshes, because a Class 10 disposal nobody recorded does not disappear and the penalty on catching it late is exactly what a disclosure removes.
- We file your submission on Form RC199 with a full reconstruction from consortium remittance advices, fuel cards, repair invoices and bank records, so an operator that outgrew its bookkeeping is not left facing an arbitrary assessment.
- We correct HST charged or not charged on the wrong basis across several years of contract and charter billing, which is a quiet and cumulative error on an operator whose contracting structure was never reviewed against Schedule V.
- 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.
School Bus Operator Contract & Fleet Check
Six quick questions on your route costing, your fleet pool, your driver classification, your summer funding, your HST position and whether it is time to incorporate. No fee shown.
1. Do you know the margin on each route rather than only the contract total?
2. Are your buses pooled in Class 10 rather than treated as automobiles?
3. Have your drivers been tested against the CRA guide RC4110 factors?
4. Is the July and August trough funded before it arrives?
5. Has your contracting structure been reviewed against the Schedule V exemptions?
6. Is your school bus operation incorporated?
Free CPA Consultation for School Bus Operators
Case Studies: School Bus Operator Accounting & Tax
Brampton Route Contractor — The Fleet in the Wrong Regime
The problem: A Brampton operator running twenty-two home-to-school buses had a prior accountant who treated every vehicle as a passenger vehicle, opened a separate class for each one and capped the capital cost. Buses used in the business of transporting passengers are expressly excluded from the ITA 248(1) automobile definition, so none of that applied. Worse, the operator had traded in seven buses across three fleet refreshes and no recapture or terminal loss had ever been computed, because vehicles in separate capped classes were being treated as though neither could arise.
What we did: We rebuilt the fleet schedule bus by bus from purchase and financing documents, pooled the whole fleet in Class 10 at 30%, restated capital cost allowance across the open years, and computed the recapture and terminal loss on each historical disposal so the position was correct going forward.
The result:
- $41,600 of understated capital cost allowance recovered
- Twenty-two buses moved into a single Class 10 pool
- Seven historical disposals finally accounted for
Oshawa Special-Needs Operator — The Drivers Who Were Not Contractors
The problem: An Oshawa special-needs and wheelchair-accessible route operator paid fourteen drivers as contractors. Every one of them drove the same route every morning on a schedule the company set, in a company bus, wearing company identification, with no ability to send a substitute. No CRA guide RC4110 analysis had ever been done, no source deductions had been withheld, and the signing payments used to hold drivers through the fall had been booked as a bonus line with nothing behind them. It was the exact profile a payroll audit is built to find.
What we did: We ran the classification analysis driver by driver against the control, tools, subcontracting and risk factors, moved the drivers who were plainly employees onto payroll in Wagepoint with WSIB coverage, put signing and retention payments through payroll with source deductions withheld, and brought the historical years forward on Form RC199 before CRA made contact.
The result:
- $28,300 of penalties cancelled through the disclosure
- Fourteen drivers classified on documented factors
- Retention payments now run through payroll with T4 reporting
Guelph Minibus Operator — The Summer Nobody Budgeted
The problem: A Guelph school van and minibus operator had a December fiscal year-end that cut the school year in half, no route-level costing at all, and an overdraft that went deep every July and came back every October. The owner assumed the business simply had a bad summer each year. In fact the fleet finance, the insurance and the yard rent ran twelve months against ten months of contract revenue, and the four special-needs routes were subsidising two home-to-school routes that had never been repriced since the award.
What we did: We moved the year-end to align with the school year, built route-level costing in BusPlanner against the contract payment for each run, spread the twelve months of fixed fleet cost across the ten revenue months in the monthly statements, and sized an operating line for July and August before the term ended.
The result:
- 96 hours a year of manual spreadsheet work eliminated
- Margin visible per route instead of one contract total
- Summer funded on a planned line rather than an overdraft
Our clear, efficient process ensures every step is transparent, building trust and long-term client relationships.
Kickoff (Document Request)
Collect prior T2 returns, the board or consortium route contract, remittance advices, bus purchase and financing documents, CVOR and safety inspection records, driver payroll and qualification files, the yard lease, and bank statements.
First 30 Days (Cleanup & Setup)
Set up QuickBooks Online or Xero against BusPlanner, Tyler Versatrans or Edulog, rebuild the Class 10, 8, 50, 12 and 13 schedules bus by bus, and run the RC4110 analysis on every driver.
Monthly Close
Route-level costing against the contract payment, twelve months of fleet cost spread across ten revenue months, GST34 filed on the reviewed basis, and driver payroll, PD7A and WSIB reconciliation.
Quarterly Planning Review
Salary and dividend mix, bus purchase timing against the year-end, fleet replacement cycle and disposal planning, driver retention cost, and the operating line sized for July and August.
Year-End Close & T2 Filing
Trial balance, financial statements with the fleet at net book value and the contract term disclosed, recapture and terminal loss settled, T2 with GIFI, and CRA preparation.
Get Your School Bus Operator Taxes Done Right Today
Affordable Pricing for School Bus Operators
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 School Bus Operator Accountant
Meet your lead school bus operator accountant. As your contract and corporate tax adviser, you deal with the same two people every year.
What Our Clients Say
1300+ five-star reviews from transportation, fleet and contract service business owners across Ontario and Canada.
Serving School Bus Operators Across Ontario
Our CPA team provides specialized accounting and tax solutions for school bus operators and student transportation contractors throughout Ontario. We understand how a route contract pays, why a bus is not an automobile for tax purposes, what the summer costs when the buses are parked, and what CRA looks at first when it opens a student transportation file.
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)
School Bus Operator Accounting & Tax FAQs
Related Industries We Serve
Accountant for Bus and Coach Companies
- Class 10 coach pools and recapture
- Driver payroll and hours records
- Corporate tax filing and statements
Accountant for Fleet Owners
- Fleet capital cost allowance pools
- Financing and lease obligations
- Corporate tax planning and bookkeeping
Accountant for Limousine Companies
- Automobile definition and Class 10.1
- Driver classification and payroll
- Corporate tax filing and HST
Accountant for Towing Companies
- Contract and rotation revenue
- Vehicle pools and disposals
- Corporate tax planning and payroll
School Bus Operator Accounting & Tax Done Right.
T2 filing with your buses pooled in Class 10 at 30% because a bus used in transporting passengers is outside the ITA 248(1) automobile definition, recapture and terminal loss settled on every fleet refresh, route-level costing against the board or consortium contract payment, twelve months of fleet cost spread against ten months of revenue with the summer funded before it arrives, drivers tested against the CRA guide RC4110 factors with signing and retention payments run through payroll, and your contracting structure reviewed against the Schedule V educational services exemptions before any HST rate is set. AFFORDABLE flat fees, no hourly billing. Licensed CPA Ontario. 1300+ five-star reviews. 30-Day Money-Back Guarantee.