Tax Accountant for Car Rental Businesses in Ontario and Across Canada
We keep your short-term daily rental fleet in the accelerated CCA Class 16 at 40% instead of ordinary Class 10, charge and remit 13% HST on rentals, loss-damage waivers and surcharges while recovering the input tax credits on fleet, fuel, maintenance and insurance, book your refundable security deposits as a liability rather than revenue, and calculate the recapture or terminal loss each time a vehicle turns over. Whether you run a daily car rental company, an exotic or luxury rental fleet, a van or truck rental operation or a peer-to-peer host business, we handle the fleet books, the HST with full input tax credits, the ancillary-revenue and damage-recovery tracking, the corporate payroll, and plan the tax, the SBD and the eventual sale of your company — with AFFORDABLE flat fees.
AFFORDABLE Car Rental Tax Accountant
A car rental business runs on a depreciating fleet and constant turnover, so the accounting turns on capital cost allowance and disposals. A vehicle used in a short-term daily rental business qualifies for the accelerated CCA Class 16 at 40% — the same class as a taxicab — not the ordinary Class 10 at 30% most preparers default to, and because the fleet turns over, every disposal triggers recapture or a terminal loss under section 13 of the Income Tax Act. That is why you need a car rental accountant who understands fleet depreciation. At Gondaliya CPA, we specialize in Class 16 fleet CCA, HST on rentals and damage waivers, security-deposit accounting and fleet-turnover tax planning for car rental businesses, providing AFFORDABLE flat-fee support that keeps you CRA-compliant and stops you paying more tax than you owe.
As a fleet and vehicle-rental accountant, we work with daily car rental companies, exotic and luxury rental fleets, van and truck rental operators and peer-to-peer Turo hosts 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 vehicle in your fleet.
Let us handle the numbers so you can focus on keeping your fleet on the road.
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Accounting That Understands How a Car Rental Business Actually Works
A rental fleet is a large, fast-depreciating asset that turns over on a cycle, and the tax follows the metal. Your write-off depends on the right CCA class, your revenue is fully HST-taxable, your deposits are a liability and your disposals trigger recapture. At Gondaliya CPA, we understand the financial reality of a fleet business and provide practical, rental-focused solutions across the GTA and all of Ontario.
Stay Compliant and Minimize Your Car Rental Business Tax
For a fleet operator, staying onside with CRA and paying the least legal tax are the same job. We keep every filing on schedule while claiming every capital cost allowance and input tax credit the fleet allows, so nothing is missed and nothing invites a reassessment.
Accounting & Tax Experts for Car Rental 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 Car Rental Businesses?
Tax Planning — Fleet & Class 16 Expertise
We know the fleet: short-term daily rental vehicles in Class 16 at 40%, reservation software in Class 50 at 55%, equipment in Class 8 at 20%, and branch leaseholds in Class 13. We time fleet additions before year-end and protect the $500,000 Small Business Deduction.
Consulting — Fleet, Deposit & HST Bookkeeping
Our bookkeeping tracks each vehicle’s undepreciated capital cost, keeps refundable security deposits out of revenue, recognizes damage-waiver and ancillary income when earned, and ties HST to your rental revenue so you see the real margin per unit.
CRA Representation — HST & Disposal Audit
When CRA reviews your HST on rentals and used-fleet disposals, your deposit treatment, or your input tax credits on fleet insurance, we prepare the response, reconcile the records, and pursue relief on Form RC4288 where penalties came from a prior error.
Bookkeeping — Payroll, SBD & Sale
We run your counter, driver and detailing payroll, model the profit level where incorporating pays off, and get you ready to sell. We handle the disposal of your fleet and the eventual sale of the company.
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Car Rental Business Clients
Car Rental Tax and Accounting Services in Ontario
Corporate Tax Filing (T2) for Car Rental Businesses
Professional T2 preparation with Schedule 8 CCA on your Class 16 rental fleet, GIFI on Schedule 125 and Schedule 100, and CRA compliance on every line.
Bookkeeping & Accounting for Car Rental Businesses
Fleet-UCC, security-deposit and ancillary-revenue bookkeeping with financial statements, clean records, and monthly reporting built for a rental fleet.
Payroll Services for Car Rental Businesses
Counter-agent, shuttle-driver and detailer payroll with source deductions on the PD7A, T4s, WSIB, and Records of Employment for seasonal staff.
GST/HST Filing for Car Rental Businesses
AFFORDABLE HST filing on rentals, damage waivers and surcharges with full input tax credits on fleet, fuel and insurance, matched to your T2.
Tax Planning for Car Rental Businesses
Smart tax planning to keep the fleet in Class 16, protect the Small Business Deduction, time fleet purchases, and plan salary, dividends and sale.
Corporate Catch-Up Filing for Car Rental Businesses
File overdue T2 and HST years, rebuild missing fleet UCC and revenue records, and get back into CRA compliance with accurate catch-up support.
CRA Audit Resolution for Car Rental Businesses
Expert support for HST, disposal-recapture, security-deposit and ITC audits, with indirect-verification-of-income reviews handled with confidence.
CPA Financial Statements (Notice to Reader) for Car Rental Businesses
CPA-compiled financial statements that fleet lenders and banks accept for your car rental corporation.
Incorporation Services for Car Rental Businesses
Full incorporation including NUANS, articles, share structure, and the section 85 rollover of your existing rental fleet.
Catch-Up Bookkeeping Services for Car Rental Businesses
Reconstruct backlogged fleet ledgers, reservation-software exports and security-deposit records so your Class 16 UCC and HST accounts are current and audit-ready.
US Corporation & LLC Tax Filing for Car Rental Businesses
Cross-border 1120, 1120-F and Form 5472 filings for car rental locations or LLCs operating in the United States, coordinated with your Canadian T2.
Voluntary Disclosure Program for Car Rental Businesses
File an RC199 Voluntary Disclosures application to correct unreported rental income or missed HST before CRA contacts you, cancelling penalties and reducing interest.
Accounting & Tax Services Tailored for Car Rental Businesses
Real, practitioner-level CPA expertise for daily car rental companies, exotic and luxury fleets, van and truck rental operators and peer-to-peer hosts across Ontario — built for how a fleet-depreciation business actually runs.
- We prepare your T2 with Schedule 8 capital cost allowance claiming the short-term daily rental fleet in Class 16 at 40%, not the ordinary Class 10 at 30% — a switch that on a $300,000 fleet accelerated about $24,000 of first-year write-off.
- Your T2 is due six months after year-end but any balance owing is payable two months out, three for a CCPC claiming the Small Business Deduction, so we finalize the Class 16 UCC pools early and CRA arrears interest at the prescribed rate never begins.
- Because the fleet turns over, we compute capital cost allowance recapture or a terminal loss on every disposal under section 13 of the Income Tax Act, tracking each unit’s undepreciated capital cost so a $40,000 used-fleet sale does not quietly inflate taxable income.
- We report daily, weekly and monthly rental revenue, loss-damage-waiver income and airport and young-driver surcharges on Schedule 125, carry the fleet and refundable deposits to Schedule 100, and file the GIFI each year so a $30,000 revenue swing never trips CRA matching.
- We apply the Small Business Deduction so the first $500,000 of active rental profit is taxed near 12.2% instead of the general 26.5%, and time fleet purchases before year-end so the half-year rule does not halve the first-year Class 16 claim.
- We record refundable security deposits as a Schedule 100 liability, not revenue, until they are applied to damage or forfeited — a distinction that on one operator moved $18,000 of deposits off income and out of the corporation’s tax base for the year.
- We build your books in QuickBooks Online or Xero integrated with HQ Rental Software or Dext, tagging each reservation, mileage and one-way fee so ancillary revenue reconciles to your Stripe deposits monthly, and we match the 13% input tax credits so nothing is lost.
- We maintain a fixed-asset subledger tracking each vehicle’s cost, Class 16 undepreciated capital cost and disposal date, so when a unit rotates out after 18 months the recapture or terminal loss under section 13 is calculated from real numbers, not an estimate.
- We capture input tax credits on the 13% HST paid on fleet purchases, fuel, maintenance, tires and the high commercial fleet insurance, coding them through Dext so the recoverable tax on a $12,000 monthly fuel-and-maintenance run is never left on the table.
- We map your chart of accounts to the T2 GIFI codes and separate rental revenue, damage-recovery charges and reservation-software costs in Class 50 at 55%, so year-end filing is a clean transfer and a $9,000 software pool is not buried in general expenses.
- We run payroll for your counter agents, shuttle drivers and detailing staff with CRA source deductions remitted on the PD7A by the 15th of the following month, because late remittances draw a 10% penalty that jumps to 20% on a second failure.
- We file T4 slips and the T4 Summary by the last day of February, reconcile CPP and EI to the PD7A remittances, and fix any pensionable-earnings shortfall before a $100-per-slip late penalty or a CRA PIER review adds interest to your account.
- We register and reconcile WSIB premiums for your rental operation, keep drivers in the correct rate group, and process insurable earnings in Wagepoint so a $6,000 premium reassessment does not follow a misclassified detailing crew after a three-year payroll audit.
- We set a reasonable salary-and-dividend mix for owner-managers, creating RRSP room at 18% of earned income and the pensionable base for CPP, and file the T5 for dividends by the last day of February to keep the corporation onside.
- We process pay runs through Wagepoint or ADP, issue Records of Employment within five days of an interruption for seasonal counter staff, and remit CPP, EI and income tax so a $3,500 remittance is never missed in a peak-season month.
- Rental services are fully taxable, so once your taxable revenue passes the $30,000 small-supplier threshold we register you and charge 13% HST on daily rentals, loss-damage waivers and every surcharge, remitting the net on line 105 of your GST/HST return each quarter.
- We claim input tax credits on line 108 for the 13% HST on fleet acquisitions, fuel, maintenance and the high commercial fleet insurance — a recovery that on a growing fleet regularly returns $15,000 or more a year in refundable tax.
- When a used fleet vehicle is sold, the sale is a taxable supply, so we charge and remit HST on the disposal proceeds of a $22,000 sale rather than treating it as a non-taxable item, closing the gap CRA targets when rental disposals are missed.
- Refundable security deposits are not consideration for a supply, so no HST is collected until a deposit is applied to damage, when the retained amount becomes taxable at 13% — a rule we build into line 101 so remittance is exact.
- We reconcile line 101 of your GST/HST return to the rental and ancillary revenue on Schedule 125 every filing period, because CRA’s matching program compares the two and a $30,000 mismatch is one of the fastest routes to a fleet-business HST audit.
- We keep the short-term daily rental fleet in Class 16 at 40% rather than the Class 10 default at 30%, and on a $250,000 fleet that single reclassification accelerated about $25,000 of capital cost allowance into the first year of ownership.
- We time fleet additions before your December 31 year-end so the Accelerated Investment Incentive suspends the half-year rule and gives a full first-year Class 16 write-off, instead of losing half the deduction on a $60,000 vehicle bought a week too late.
- We deduct fleet financing interest against active rental income and structure the debt against the vehicles rather than the shareholder, so the interest on a $400,000 fleet facility stays fully deductible on the T2 each year instead of trapped personally.
- We protect the Small Business Deduction so the first $500,000 of active rental income is taxed near 12.2% on the T2, and structure qualified shares toward the $1.25 million Lifetime Capital Gains Exemption before the day you sell the operation.
- We plan fleet disposals to manage capital cost allowance recapture under section 13, pairing the sale of high-recapture units with replacement purchases in the same year so a $20,000 recapture is offset by fresh Class 16 additions rather than taxed in full.
- Unfiled T2 returns freeze your CRA standing, stall fleet financing approvals and compound penalties, so we file every outstanding year with a complete Schedule 8 and a rebuilt Class 16 undepreciated capital cost pool to restore the corporation’s compliance.
- Late T2 penalties run at 5% of the balance plus 1% per month, rising to 10% plus 2% once CRA demands a return, so we file the oldest fleet year first to stop a $40,000 balance from compounding further.
- We reconstruct missing rental revenue, loss-damage-waiver income and surcharges from reservation-software exports, merchant deposits and bank records, then rebuild each vehicle’s UCC in QuickBooks so a defensible T2 replaces guesswork for every unfiled year.
- We file a Voluntary Disclosures Program application on Form RC199 before CRA contacts you, because acceptance under the general program cancels penalties in full and grants 50% interest relief on the years preceding the three most recent.
- We recover capital cost allowance never claimed on fleet vehicles across the unfiled years, because a catch-up filing that reports rental income but ignores the Class 16 pool can hand CRA $30,000 more tax than the corporation actually owes.
- When CRA reviews your HST on rentals and used-fleet disposals, we assemble the reservation records, deposit ledger and disposal schedule inside the 30-day query window, because a taxable supply missed on line 105 for a $25,000 fleet sale cannot be re-argued after the deadline.
- Where an auditor recharacterizes refundable security deposits as unreported revenue, we prove the liability treatment on Schedule 100 with signed rental agreements and the deposit-refund ledger exported from HQ Rental Software, protecting the $18,000 that was never income.
- When CRA questions input tax credits on the high commercial fleet insurance, we produce the supplier invoices showing the 13% HST and the business-use split for line 108, so a $9,000 ITC claim on fleet coverage survives the review intact.
- We file the Notice of Objection on Form T400A within 90 days of a reassessment of your fleet CCA or HST, since missing that deadline leaves only a discretionary extension and forfeits your access to the Tax Court of Canada.
- We answer indirect-verification-of-income reviews on cash-heavy rental operations with a source-and-application reconciliation, and file RC4288 taxpayer-relief requests where a prior preparer’s error caused $12,000 in penalties over the past ten years.
- We prepare CSRS 4200 compilation engagement financial statements that fleet lenders, banks and the Business Development Bank require across two fiscal years before advancing a $500,000 vehicle facility, presenting the corporation the way a bare T2 page cannot.
- Your compiled statement of financial position shows the rental fleet at net book value on a $300,000 fleet, the Class 16 undepreciated capital cost, refundable deposits as a liability and shareholder equity across two fiscal years, giving a lender the collateral picture.
- We compile the statement of operations with daily-rental, loss-damage-waiver and ancillary revenue, fleet fuel, maintenance, insurance and Class 16 depreciation classified consistently in Xero across two years and tied to the T2 filed with CRA.
- The CSRS 4200 communication discloses that no audit or review was performed, and the notes set out the basis of accounting on a December 31 year-end, the Class 16 depreciation policy and shareholder advances, without which lenders reject a $250,000 financing file.
- We deliver compiled statements within 30 days of your complete records and the year’s rental figures, schedule any Class 13 leasehold improvements to your branch, and move before a fleet-financing offer expires and the approval collapses.
- We incorporate under the Ontario Business Corporations Act with a NUANS name search and Articles of Incorporation, and register within days so the first fiscal year-end can defer the first T2, giving your rental operation the 12.2% small-business rate a fleet business cannot otherwise access.
- We complete the section 85 rollover on Form T2057 to move the existing fleet, reservation software and goodwill into the corporation at elected amounts, deferring the capital gain and recapture a straight $200,000 fleet transfer would otherwise trigger.
- We design common voting and non-voting share classes at incorporation so dividends can flow to family shareholders and the $1.25 million Lifetime Capital Gains Exemption under section 110.6 can be multiplied on qualified shares when the fleet operation is sold.
- We register the corporation’s Business Number, GST/HST account and payroll account and close or transfer the prior unincorporated accounts, so rental revenue and the 13% HST are never reported twice across the transition year.
- We prepare the opening balance sheet with the fleet at its Class 16 undepreciated capital cost, the minute book, director resolutions and share certificates, and set a first fiscal year-end up to 53 weeks out to defer the first T2 and its balance-due date.
- Fleet-specific catch-up bookkeeping rebuilds each vehicle’s cost, Class 16 undepreciated capital cost and disposal date from purchase invoices and reservation exports, so months of neglected records become a clean subledger your T2 and HST returns can actually rely on.
- We reconstruct daily-rental, loss-damage-waiver and surcharge revenue from HQ Rental Software and Stripe deposits, reconciling every month to the bank so a backlog that hid $40,000 of ancillary income is caught before CRA’s matching program flags it.
- Refundable security deposits buried inside a year of unsorted transactions are separated from revenue and posted as a liability, a cleanup that on one operator moved $22,000 off income and corrected the corporation’s taxable base for every catch-up year.
- We recover input tax credits on the 13% HST paid on fleet purchases, fuel, maintenance and insurance across the neglected periods, so a fleet that ignored its books does not forfeit $15,000 of recoverable tax it was entitled to claim.
- Once the fleet ledgers, deposit accounts and HST are rebuilt in QuickBooks Online or Xero, we hand you month-by-month financial statements so your overdue T2 filing is a clean transfer rather than a guess assembled from scattered paperwork.
- A car rental operator with a US location or LLC files Form 1120 for a C corporation or 1120-F for a foreign corporation earning US-effectively-connected rental income, and we prepare it alongside your Canadian T2 so neither the IRS nor CRA is left waiting.
- We file Form 5472 to report transactions between your Canadian parent and its US rental subsidiary, because the $25,000-per-form penalty for a missed 5472 dwarfs the return itself when a cross-border fleet business skips the disclosure.
- Under the Canada-US treaty we claim foreign tax credits so US rental profit taxed in the United States is not taxed twice on your Canadian return, coordinating the two filings so a $30,000 cross-border profit is relieved rather than double-counted.
- We handle US federal and state sales-tax registration for rental locations across state lines, since a fleet renting vehicles in multiple states triggers nexus and filing duties the 13% Canadian HST framework does not begin to cover.
- We track each US-situated rental vehicle’s basis and MACRS depreciation separately from the Canadian Class 16 pool, so the same $300,000 fleet is reported correctly under two different depreciation regimes without one country’s schedule contaminating the other.
- We file a Voluntary Disclosures Program application on Form RC199 to correct unreported daily-rental, loss-damage-waiver or surcharge income before CRA contacts you, because a valid disclosure under the general program cancels penalties in full on the corrected fleet years.
- Where HST on rentals and used-fleet disposals was never charged or remitted, an RC199 disclosure brings the GST/HST account current and secures 50% interest relief on the periods preceding the three most recent, sparing a fleet business thousands in compounding charges.
- A disclosure must be voluntary, so we submit the RC199 before any CRA audit letter or enquiry lands, since a single query about your reservation records or a $25,000 disposal can close the program door and expose you to full gross-negligence penalties.
- We rebuild the undepreciated capital cost of every fleet vehicle and reconstruct rental revenue from reservation-software and merchant records, so the income figures inside the disclosure are defensible and CRA accepts the RC199 rather than reopening the file.
- For an operator who under-reported across several years, a completed VDP filing replaces the risk of a 50% gross-negligence penalty and possible prosecution with a corrected, penalty-cancelled return, letting the fleet business restore its CRA standing on its own terms.
Car Rental Tax & Fleet Check
Six quick questions on your fleet CCA class, HST and input tax credits, security deposits, damage-waiver revenue, disposal recapture and whether it is time to incorporate. No fee shown.
1. Is your rental fleet claimed in the accelerated CCA Class 16 (40%)?
2. Do you charge 13% HST on rentals and claim input tax credits on fleet costs?
3. Are refundable security deposits booked as a liability, not revenue?
4. Is your loss-damage-waiver (LDW/CDW) income tracked separately?
5. Do you calculate recapture or a terminal loss on fleet disposals?
6. Is your car rental business incorporated yet?
Free CPA Consultation for Car Rental Businesses
Case Studies: Car Rental Business Accounting & Tax
Toronto Car Rental Company — Class 16 Fleet & Missed ITCs
The problem: A Toronto daily car rental company had its entire fleet depreciated as ordinary Class 10 at 30% by a previous preparer, when short-term daily rental vehicles belong in the accelerated Class 16 at 40%. On top of that, the input tax credits on the high commercial fleet insurance and much of the fuel and maintenance were never claimed, and the undepreciated capital cost pools no longer tied to the vehicles actually on the road because sold units were never removed.
What we did: We reclassified the fleet from Class 10 to Class 16, rebuilt each vehicle’s UCC pool from purchase and disposal records, and adjusted the prior T2 returns so the corrected capital cost allowance flowed through. We then went back through the HST returns to capture the 13% input tax credits on the fleet insurance, fuel and maintenance that had been left unclaimed year after year.
The result:
- Accelerated roughly $26,000 of additional Class 16 CCA
- Recovered $11,400 of previously missed fleet ITCs
- UCC pools now tie to the real fleet, year over year
Mississauga Rental Operator — Incorporation, Deposits & LDW
The problem: A Mississauga van rental operator was running as a sole proprietor, so all rental profit landed on the owner’s personal return at Ontario’s top 53.53% rate with no way to defer the surplus being reinvested in more vehicles. Refundable security deposits were being booked straight into revenue, inflating both income and the HST base, and loss-damage-waiver income was never tracked as its own taxable revenue stream, so the true margin on the fleet was impossible to read.
What we did: We incorporated the operation and moved the fleet, financing and goodwill across on a section 85 rollover with no gain triggered, applied the $500,000 Small Business Deduction so active income is taxed near 12.2%, reclassified the security deposits to a balance-sheet liability, and set up proper LDW revenue recognition on its own line so the HST base was finally correct.
The result:
- Cut the combined tax bill materially at the 12.2% rate
- Moved $18,000 of deposits off income into a liability
- Damage-waiver revenue now recognized correctly for HST
Ottawa Fleet Rental Business — Disposals, Recapture & Clean Books
The problem: An Ottawa fleet rental business rotated vehicles constantly but had no way to track the CCA recapture and terminal losses those disposals produced, so taxable income swung unpredictably from year to year and used-vehicle sales were being recorded without the HST a taxable supply requires. Ancillary revenue from mileage, one-way fees, young-driver surcharges and damage recovery was lumped into a single catch-all line, deposits were mixed in with income, and the books could not stand up to a CRA review.
What we did: We built fleet-disposal accounting that computes recapture or a terminal loss under section 13 on every unit against its Class 16 UCC, treated each used-vehicle sale as a taxable supply, separated refundable deposits into a liability account, and rebuilt clean books in QuickBooks with each ancillary-revenue stream tracked to its own account for accurate, audit-ready reporting.
The result:
- Recapture and terminal losses now tracked on every disposal
- Used-fleet sales correctly treated as taxable supplies
- Ancillary revenue separated, books audit-ready
Our clear, efficient process ensures every step is transparent, building trust and long-term client relationships.
Kickoff (Document Request)
Collect prior T2 returns, the fleet list with purchase dates and costs, reservation-software exports, HST filings, the security-deposit ledger, insurance and financing records, payroll and bank statements.
First 30 Days (Cleanup & Setup)
Set up QuickBooks Online or Xero, integrate HQ Rental Software or your reservation system, build the fleet UCC and deposit schedules, classify CCA, and confirm your HST registration.
Monthly Close
Monthly reconciliations, receipt capture, ancillary-revenue tracking, HST on rentals and waivers, and per-vehicle fleet costing.
Quarterly Planning Review
Salary and dividend mix, HST and input-tax-credit review, fleet-disposal recapture planning, and fleet-purchase timing before year-end.
Year-End Close & T2 Filing
Trial balance, financial statements with the fleet at net book value and deposits as a liability, T2 with GIFI, and CRA preparation.
Get Your Car Rental Business Taxes Done Right Today
Affordable Pricing for Car Rental 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.
Read our Pricing Transparency Promise — full and final flat fees, HST included, shown in 2 minutes.
Meet Your Lead Car Rental Accountant
Meet your lead car rental accountant. As your fleet and corporate tax adviser, you deal with the same two people every year.
What Our Clients Say
1300+ five-star reviews from car rental and automotive business owners across Ontario and Canada.
Serving Car Rental Businesses Across Ontario
Our CPA team provides specialized accounting and tax solutions for car rental businesses throughout Ontario. We understand how a fleet-depreciation business actually operates, what CRA looks at on rentals, deposits and disposals, and when incorporating stops being optional.
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
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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)
Car Rental Business Accounting & Tax FAQs
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Car Rental Business Accounting & Tax Done Right.
T2 filing, Class 16 fleet CCA, HST on rentals and damage waivers with full input tax credits, security-deposit accounting, fleet-turnover recapture, ancillary-revenue tracking, fleet financing and the incorporation decision under one roof. AFFORDABLE flat fees, no hourly billing. Registered CPA Ontario. 1300+ five-star reviews. 30-Day Money-Back Guarantee.