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Gondaliya CPA

Corporate Tax Filing Experts

Tax Accountant for Garage Door Companies in Ontario and Across Canada

We recognize your customer deposits as deferred revenue on the install date rather than when the cheque clears, value your doors, panels, springs, openers, tracks and remotes as inventory, keep your new-door installs and your repair and service calls on separate revenue streams, carry the Construction Act 10% holdback on your commercial and builder jobs as a receivable until it is released, file your T5018 subcontractor slips, put your service trucks and tools in the right CCA class, and plan the tax on your company. Whether you run a residential garage door installer, a garage door and opener company, a spring and repair service, or a commercial overhead door contractor, we handle the deposit and materials-inventory accounting, the HST on installs and repairs with full input tax credits, the installer payroll with WSIB and the apprenticeship credit, and plan the salary, dividends and eventual sale of your company — with AFFORDABLE flat fees.

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AFFORDABLE Garage Door Company Tax Accountant

A garage door company is a supply-and-install trade with a service arm, and the accounting turns on deposits, inventory and timing. A new door and opener is usually sold on a customer deposit, and that deposit is deferred revenue you recognize when the unit is installed, not when the cheque clears. Your doors, panels, springs, openers, tracks and remotes are inventory valued under section 10 of the Income Tax Act, your commercial and builder jobs carry the Construction Act 10% holdback and percentage-of-completion work-in-progress, and your service trucks, tools and installers all have to be costed and classed. That is why you need a garage door company accountant who knows the trade. At Gondaliya CPA, we specialize in deposit, materials-inventory and holdback bookkeeping and corporate tax planning for garage door companies, providing AFFORDABLE flat-fee support that keeps you CRA-compliant and stops you paying more tax than you owe.

As a garage door and overhead door accountant, we work with residential garage door installers, garage door and opener companies, spring and repair services, and commercial overhead door contractors 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 profit sits on each install and service call.

Let us handle the numbers so you can focus on the work that actually pays you.

Gondaliya CPA team - accounting and tax services for garage door companies

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Accounting That Understands How a Garage Door Company Actually Works

Running a garage door company comes with financial pressures a desk-bound business never faces. You take customer deposits before a job is installed, you carry a warehouse of doors, springs and openers as inventory, your commercial jobs hold back 10% until they are certified, and you run a fleet of service trucks and a crew of installers that all have to be costed and classed. At Gondaliya CPA, we understand the financial reality of a garage door company and provide practical, trade-focused solutions across the GTA and all of Ontario.

💰

Deposits & Deferred Revenue

The customer deposit on a new door and opener is deferred revenue, recognized when the unit is installed, not when the cheque clears.

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HST on Install & Repair

Both your new-door installs and your repair calls are taxable at 13%, and the input tax credits on materials, trucks and tools are yours to claim back.

📈

Holdback & T5018

Commercial and builder jobs carry the Construction Act 10% holdback, and you file T5018 slips on the subcontractors you pay.

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Fleet, Tools & Cash

Your service trucks and tools depreciate by CCA class, your installers run on payroll, and CRA watches cash jobs closely.

Stay Compliant and Minimize Your Garage Door Company Tax

For a garage door company, 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 materials, truck and tool dollar the T2 allows, so nothing is missed and nothing invites a reassessment.

📋

HST, WSIB & the Construction Act

Both your new-door installs and your repair calls are taxable at 13% HST, so there is no exempt line to hide behind, and WSIB registration and premiums in the construction rate group are mandatory on your installer wages from the first day you hire. On commercial and builder work, Ontario’s Construction Act requires a 10% holdback that is not collectible until the job is certified and released, so it is a receivable rather than revenue. Getting HST, WSIB and holdback documentation right protects the company from reassessment and from disputes over progress billings.

CRA Obligations for Garage Door Companies

Staying compliant with CRA means more than one return a year. We manage HST on installs and repairs, doors and opener inventory under section 10, customer-deposit deferred revenue, T5018 subcontractor slips, payroll source deductions on the PD7A remittance, and the Apprenticeship Job Creation Tax Credit on Schedule 31. By monitoring the areas CRA reviews most often on cash-intensive trade files, we reduce your audit exposure and keep your corporation financially sound.

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Year-End Deliverables for Garage Door Companies

At year-end, a garage door corporation needs a proper trial balance and financial statements that carry doors and opener inventory, the customer-deposit liability, the Construction Act holdback receivable, work-in-progress on open installs, service trucks and tools, plus a T2 with GIFI that ties to your HST returns. Where a lender is involved, you also need CPA-compiled financial statements for equipment financing. Our team prepares every deliverable on time and in compliance, so your file is audit-ready and financing-ready.

Accounting & Tax Experts for Garage Door Companies

Gondaliya CPA garage door company accounting expertsGondaliya CPA garage door company tax experts
  • AFFORDABLE + Fully Registered CPA Firm
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Why Choose Our Accounting Services for Garage Door Companies?

1
🎯

Tax Planning — Fleet & Equipment Expertise

We know the trade: service trucks in Class 10 at 30%, power tools and equipment in Class 8 at 20%, small tools under $500 in Class 12 at 100%. We claim the apprenticeship credit on Schedule 31 and protect the $500,000 Small Business Deduction.

2
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Consulting — Deposit, Inventory & Holdback Bookkeeping

Our bookkeeping recognizes customer deposits as deferred revenue on the install date, values your doors and opener inventory under section 10, and carries the Construction Act holdback as a receivable. We job-cost each install so you see the real margin and tie HST to revenue.

3
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CRA Representation — Cash-Job & Inventory Audit

When CRA reviews your cash jobs, your materials inventory, or your HST on installs and repairs, we prepare the response, reconcile WSIB, and pursue relief on Form RC4288 where penalties came from a prior error.

4
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Bookkeeping — Payroll, Credit & Sale

We run your installer and apprentice payroll with WSIB, capture the apprenticeship credit, and get you ready to sell. We model the profit level where incorporating pays off and handle the eventual disposition of your company.

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Garage Door Company Tax and Accounting Services in Ontario

📄

Corporate Tax Filing (T2) for Garage Door Companies

Professional T2 preparation with Schedule 8 CCA on your service trucks and tools, doors and opener inventory and customer deposits, and CRA compliance on every line.

💳

Bookkeeping & Accounting for Garage Door Companies

Deposit, materials-inventory and holdback bookkeeping with financial statements, clean records, and monthly reporting built for a garage door company.

💵

Payroll Services for Garage Door Companies

Installer and service-tech payroll with WSIB in the construction rate group, PD7A remittances, T4s, T5018 slips, and apprentice-wage tracking for the credit.

🧾

GST/HST Filing for Garage Door Companies

AFFORDABLE HST filing on installs and repairs with full input tax credits on doors, openers, trucks and tools, matched to your T2 to avoid CRA penalties.

📈

Tax Planning for Garage Door Companies

Smart tax planning to protect the Small Business Deduction, claim the apprenticeship credit, time truck and equipment purchases, and plan salary, dividends and sale.

Corporate Catch-Up Filing for Garage Door Companies

File overdue T2 and HST years, rebuild missing install, materials and deposit records, and get back into CRA compliance with accurate catch-up support.

🛡

CRA Audit Resolution for Garage Door Companies

Expert support for cash-job, materials-inventory, deposit and HST audits, with indirect-verification-of-income reviews handled with confidence.

📊

CPA Financial Statements (Notice to Reader) for Garage Door Companies

CPA-compiled financial statements that equipment lenders and banks accept for your garage door corporation.

🏢

Incorporation Services for Garage Door Companies

Full incorporation including NUANS, articles, share structure, and the section 85 rollover from your unincorporated garage door business.

📒

Catch-Up Bookkeeping Services for Garage Door Companies

Rebuild months or years of missing install, deposit and materials-inventory records, reconcile deposits to install dates, and hand you clean books ready for your overdue T2 and HST filings.

🌐

US Corporation & LLC Tax Filing for Garage Door Companies

Cross-border Form 1120, 1120-F and 5472 filing for garage door companies installing or selling across the border, with Canada-US treaty positions and foreign tax credits to stop double tax.

📜

Voluntary Disclosure Program for Garage Door Companies

Correct unreported cash installs, missed HST or unfiled T5018 slips through an RC199 VDP application before CRA calls, cancelling penalties and easing interest on prior years.

Accounting & Tax Services Tailored for Garage Door Companies

Real, practitioner-level CPA expertise for residential garage door installers, garage door and opener companies, spring and repair services, and commercial overhead door contractors across Ontario — built for how a garage door company actually runs.

  • We prepare your T2 with GIFI on Schedule 100 and Schedule 125, splitting new-door install revenue from repair and service revenue on their correct lines, so CRA’s automated matching never flags your company for a needless desk audit that bills tax you never owed.
  • We claim capital cost allowance on Schedule 8 with your service and installation trucks in CCA Class 10 at 30%, because most companies under-claim their fleet and hand CRA thousands in extra tax every single year.
  • We place your power tools, jigs and shop equipment in Class 8 at 20% and your small tools under $500 in Class 12 at 100%, so an impact driver and a spring-winding bar set are written off fast instead of buried at 20%.
  • We book customer deposits on a signed door-and-opener order as deferred revenue, recognizing it only when the unit is installed, so your company is never taxed on money for jobs still sitting on the schedule.
  • We value your doors, panels, springs, openers, tracks and remotes as inventory under section 10 of the Income Tax Act at the lower of cost or net realizable value; on one company we wrote down $9,800 of superseded stock, cutting taxable income at year-end.
  • We sync Jobber, Housecall Pro or ServiceTitan to QuickBooks Online so every install and service ticket posts labour, materials and the deposit to the right account, giving the real margin per job and the six years of records section 230 requires.
  • We track your door, opener, spring and track inventory in QuickBooks or Xero and reconcile it to a physical count at year-end, so cost of materials on your T2 reflects only what you actually installed, not stock still on the racks.
  • We hold customer deposits in a deferred-revenue liability and release them to income on the install date, because folding deposits into sales overstates revenue and the HST you appear to owe on jobs you have not yet completed.
  • We capture every supplier invoice through Dext and reconcile monthly, so the 13% HST input tax credit on doors, openers, hardware and truck fuel is never lost to a missing packing slip and you recover credits most companies leave unclaimed.
  • We separate new-door install revenue from repair and service revenue in your chart of accounts, so you can see which stream carries the margin; on one company this revealed $14,000 of service work billed below cost.
  • We set up installer and service-tech payroll in Wagepoint, withholding income tax, CPP and EI and remitting on the PD7A by the 15th of the following month, so a busy company never eats CRA’s 10% late-remittance penalty on source deductions.
  • We register and reconcile your WSIB coverage in the construction rate group, which is mandatory for a garage door company, and file premiums on assessable wages so an unregistered business does not face retroactive premiums going back two years plus penalties.
  • We prepare and file T5018 Contract Payment Reporting slips for the subcontractors you pay on installs, avoiding the $100-per-slip penalty CRA applies to late or missing filings and keeping your subcontractor costs defensible on any review.
  • We track apprentice wages separately so your registered apprentices qualify for the Apprenticeship Job Creation Tax Credit on Schedule 31, worth 10% of eligible wages up to $2,000 each; on one two-apprentice crew we captured $4,000 in credits.
  • We manage Ontario Employer Health Tax once annual payroll passes the $1,000,000 exemption, file the T4 and T4 Summary by the last day of February, and reconcile them to the PD7A so year-end slips never trip a CRA earnings review.
  • Both your new-door installs and your repair calls are taxable at 13% HST, so we set the right code on every invoice and confirm you charge it in full, because there is no exempt line and CRA will assess tax you should have collected.
  • You must register once taxable revenue passes the $30,000 small-supplier threshold across four consecutive quarters, and we track the exact quarter you cross so CRA cannot assess back-tax on installs and repairs where you never charged HST.
  • We claim the input tax credits your doors, openers, springs, tracks, trucks and tools carry, recovering the 13% HST on line 108 of your return — on one company we recovered $6,760 of ITCs on a new $52,000 service truck.
  • We handle the HST timing on customer deposits so the tax is reported under the standard rules and reconciled against the install date, so your remittances line up with the revenue you eventually recognize on each job.
  • 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 company whose figures disagree is among the fastest files pulled for a costly audit and back tax.
  • 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; on one owner this deferred $21,000 of tax in the first year.
  • We keep your active income under the $500,000 Small Business Deduction limit using section 125, and we watch CRA’s associated-corporation and passive-income rules that grind the limit toward the higher general corporate rate.
  • We claim the Apprenticeship Job Creation Tax Credit on Schedule 31 for your registered door-systems apprentices, worth 10% of eligible wages up to $2,000 each, so training your installers reduces tax instead of forfeiting the credit outright.
  • We time your service-truck and equipment purchases before your fiscal year-end so the half-year rule and the 30% Class 10 and 20% Class 8 declining-balance rates give the largest first-year deduction against a profitable season.
  • We plan at least two years ahead so your shares qualify for the $1.25M Lifetime Capital Gains Exemption, purifying the company of non-active assets so selling your garage door business defers tax CRA would otherwise collect on the gain.
  • We reconstruct install and service revenue and job costs from bank deposits, merchant statements and your field-service software where no bookkeeping exists across your unfiled years, so CRA cannot arbitrarily assess your company on its own estimate and overcharge you.
  • 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 HST returns and reconcile the 13% you charged on installs and repairs 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 trucks in Class 10, tools in Class 8 and small tools in Class 12 is recovered; on one file this restored $7,300 of depreciation CRA would otherwise have kept.
  • 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 50% interest relief on the older years.
  • When CRA opens an audit, we manage the whole file and answer the deposit, materials-inventory and HST queries inside the deadlines, so a review of one year does not expand into a reassessment of three prior years and more tax.
  • When CRA runs indirect verification of income on a cash-heavy company, comparing bank deposits and lifestyle to reported install and repair revenue, we prepare the source-and-application-of-funds reconciliation within the 30-day deadline before CRA assesses the gap.
  • We defend your deferred-revenue position when CRA challenges the timing, showing a customer deposit is not revenue until the door is installed; on one company we deferred $19,000 of deposits to the install date, reversing an early assessment.
  • We answer materials-inventory and cost-of-goods reviews with the section 10 lower-of-cost-or-NRV valuation, physical counts and supplier invoices, because a deduction disallowed for missing records cannot be restored later at the objection stage.
  • We file the Notice of Objection within 90 days of a reassessment and pursue taxpayer relief on Form RC4288 where a prior accountant’s error caused the penalties — protecting your right to the Tax Court and interest your company should not carry.
  • We prepare the CSRS 4200 compilation engagement financial statements, the Notice to Reader an equipment lender and a bank require across two fiscal years before they approve the roughly $80,000 financing on a new service truck and install fleet your company needs.
  • Your compiled statement of financial position presents door and opener inventory, customer-deposit liabilities and the Construction Act holdback receivable at net book value, giving a lender the working-capital picture a bare T2 cannot, so financing is approved faster.
  • We build the statement of operations with install revenue, repair and service revenue and cost of materials classified consistently across two years and tied to the T2 filed with CRA, so a lender approves the operating line rather than declining on reclassified noise.
  • 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 your company needs to carry its materials float.
  • We deliver the compiled statements within 30 days of receiving your records and the year’s T2 figures, because a company’s equipment-financing or lease approval collapses when the lender’s conditional offer expires before the file is produced.
  • We incorporate your business under the Ontario Business Corporations Act, giving you limited liability and the roughly 12.2% Ontario small-business rate; on one owner incorporating saved about $18,000 a year against the callback and warranty exposure a sole proprietor carries.
  • We complete the section 85 rollover on Form T2057, transferring your service trucks, tools, inventory and goodwill into the corporation at elected amounts, deferring the capital gain and recapture a straight sale of those assets would trigger for CRA.
  • We register your WSIB coverage in the construction rate group before the first installer starts, because coverage is mandatory for a garage door company and an unregistered owner faces retroactive premiums going back two years plus penalties.
  • 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 remits the same revenue twice.
  • We structure the share classes and set the first fiscal year-end up to 53 weeks after incorporation, so dividends can later be split among family shareholders and the first T2 and CRA balance-due date are deferred to save the company cash.
  • Reconstruct months of neglected books from bank feeds, merchant statements and Jobber or Housecall Pro exports, so every past install and service call is posted before we file the T2 that depends on clean records.
  • We rebuild the deferred-revenue schedule from signed door-and-opener orders, matching each customer deposit to its install date, so revenue is not overstated and you never carry HST on jobs still sitting on the schedule.
  • We take a physical count of your doors, springs, openers and tracks and value it under section 10 of the Income Tax Act, restoring the materials-inventory figure your cost of goods and margin depend on.
  • We split years of mixed transactions into new-door install revenue and repair or service revenue, so once the catch-up is done you can finally see which stream earns and which one has been quietly losing money.
  • We recover input tax credits buried in unrecorded supplier invoices for doors, openers and truck fuel; on one backlog we reclaimed $8,400 of HST the company would have forfeited had the books stayed unreconciled.
  • When your garage door company installs or sells across the border, we file Form 1120 for a US C-corporation or Form 1120-F for a Canadian corporation with US-effectively-connected income, so both the IRS and CRA are satisfied.
  • We prepare Form 5472 for the 25% foreign-owned US subsidiary or disregarded LLC that a Canadian garage door owner sets up, because a missed 5472 carries a $25,000 IRS penalty per form that dwarfs the filing cost.
  • We apply the Canada-US treaty so profit from your cross-border install jobs is taxed only where a permanent establishment exists, and we claim the foreign tax credit so the same door-installation income is never taxed twice.
  • We reconcile the US LLC’s flow-through income onto your Canadian T2 and personal returns, because CRA treats a US LLC as a corporation and mismatched treatment on cross-border garage door earnings triggers double tax you should not pay.
  • We handle US state sales-tax registration and nexus where your crews cross into a bordering state to install or service doors, so the company stays compliant on both sides and avoids surprise state assessments.
  • A Voluntary Disclosures Program submission on Form RC199 gets ahead of CRA on unreported cash installs, and once the general-program relief is granted your garage door company keeps the tax but escapes the gross-negligence penalties entirely.
  • To qualify the disclosure must be voluntary, complete, involve a penalty and be at least one year overdue, so we assemble every unfiled install-and-repair year before filing so CRA cannot reject it as incomplete.
  • We correct HST you charged on doors and openers but never remitted, disclosing the exact shortfall across each quarter so the recovered tax comes with cancelled penalties instead of an audit reaching every open year.
  • We disclose T5018 subcontractor slips you never filed on your install crews, because coming forward voluntarily removes the $100-per-slip late penalty that otherwise stacks fast once CRA notices the gap on a cash-heavy trade file.
  • We file the disclosure on a no-names basis first where the exposure is large, protecting your company’s identity while we confirm CRA will accept the package, then convert it to a named submission within the 90-day window.

Garage Door Tax & Deposit Check

Six quick questions on your customer deposits, materials inventory, install and service split, the Construction Act holdback, your T5018 slips and whether it is time to incorporate. No fee shown.

1. Are you recognizing customer deposits as deferred revenue on the install date?

2. Are you tracking your doors, spring and opener inventory at year-end?

3. Are you keeping new-door install revenue separate from repair and service revenue?

4. Are you carrying the Construction Act 10% holdback as a receivable on commercial jobs?

5. Are you filing T5018 slips for your subcontractors?

6. Is your garage door company incorporated?

Free CPA Consultation for Garage Door Companies

Case Studies: Garage Door Company Accounting & Tax

Toronto Garage Door Installer — Deposits & Materials Inventory

The problem: A Toronto residential garage door installer booked every customer deposit as income the day the cheque cleared and expensed doors, springs and openers as they were purchased, so profit was overstated on jobs not yet installed and cost of materials swung from month to month. A recently purchased service truck had missed input tax credits that were never recovered, and no inventory was counted at year-end, leaving the T2 unreliable and the tax bill higher than it should have been.

What we did: We moved customer deposits into a deferred-revenue liability recognized on the install date, set up doors, panels, springs, openers and tracks as inventory under section 10 of the Income Tax Act at the lower of cost or net realizable value, and recovered the missed input tax credits on the service truck.

The result:

  • Deferred $28,000 of customer deposits to the install date
  • Recovered $5,330 of missed ITCs on a $41,000 service truck
  • Cleaned up materials inventory and cost of doors on the T2

Ottawa Garage Door & Opener Company — Incorporation, Apprentices & T5018

The problem: An Ottawa garage door and opener company was running as a sole proprietor, so strong install and service margins landed on the owner’s personal return at Ontario’s top 53.53% rate with no way to defer the surplus. Three registered apprentices were on the crew but the apprenticeship credit had never been claimed, and no T5018 slips had been filed for the subcontractors used on larger installs, each one an exposure to CRA’s $100-per-slip penalty and a red flag on any review.

What we did: We incorporated the company under the Ontario Business Corporations Act, moved the trucks, tools, inventory 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%, filed Schedule 31 for the apprenticeship credit, and filed the outstanding T5018 returns.

The result:

  • Captured $6,000 of apprenticeship credits across three apprentices
  • Cut the combined tax bill materially at the 12.2% rate
  • All outstanding T5018 slips filed and penalties addressed

Hamilton Commercial Overhead Door Company — Holdback, WIP & Clean Books

The problem: A Hamilton commercial overhead door company doing builder and property-management work was booking builder progress billings and the Construction Act 10% holdback as revenue as soon as it invoiced, even though the holdback is not collectible until the job is certified and released. Work-in-progress on multi-unit installs still open at year-end was untracked, so profit lurched between periods and the books could not tell install revenue from repair and service revenue.

What we did: We set the 10% holdback up as a receivable recognized only when released, applied percentage-of-completion so work-in-progress is carried correctly in QuickBooks Online, separated new-door install revenue from repair and service revenue in the chart of accounts, reconciled the HST on installs and repairs to the general ledger, and rebuilt the builder progress-billing receivables so the aged balances and any bad debt under paragraph 20(1)(p) were finally visible.

The result:

  • Construction Act holdback carried as a receivable, not early revenue
  • Percentage-of-completion WIP now tracked at year-end
  • Install and service revenue separated, books audit-ready

Our Simple Process

How We Work With Garage Door Companies

Know Exact Fees within 2 Minutes NOW

Our clear, efficient process ensures every step is transparent, building trust and long-term client relationships.

Here’s a simplified process approach:
Step 1

Kickoff (Document Request)

Collect prior T2 returns, doors, spring and opener inventory counts, customer-deposit and holdback records, open installs and work-in-progress, warranty log, payroll and apprentice records, truck and equipment list, and bank statements.

Step 2

First 30 Days (Cleanup & Setup)

Set up QuickBooks Online or Xero, integrate Jobber, Housecall Pro or ServiceTitan, build deposit, inventory and holdback schedules, classify CCA, and configure payroll and WSIB tracking.

Step 3

Monthly Close

Monthly reconciliations, receipt capture, install and service job costing, HST on installs and repairs, and inventory tracking.

Step 4

Quarterly Planning Review

Salary and dividend mix, HST, inventory and work-in-progress review, apprenticeship credit, and truck and equipment purchase timing.

Step 5

Year-End Close & T2 Filing

Trial balance, financial statements with materials inventory, customer deposits and holdback, T2 with GIFI, and CRA preparation.

Get Your Garage Door Company Taxes Done Right Today

Transparent Pricing for Garage Door Companies

Affordable Pricing for Garage Door Companies

Know Exact Fees within 2 Minutes NOW

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 Garage Door Company Accountant

Meet your lead garage door company accountant. As your trade and corporate tax adviser, you deal with the same two people every year.

Sharad Gondaliya CPA

Sharad Gondaliya, CPA

Principal

Bio

647-212-9559
sharad@gondaliyacpa.ca

Vandana Goel CPA

Vandana Goel, CPA

Accounting Specialist

Bio

647-250-0242
vandana@gondaliyacpa.ca

What Our Clients Say

1300+ five-star reviews from garage door company and skilled-trade business owners across Ontario and Canada.

Serving Garage Door Companies Across Ontario

Our CPA team provides specialized accounting and tax solutions for garage door companies throughout Ontario. We understand how deposits, installs, repairs and the Construction Act holdback actually flow through a garage door company, what CRA looks at on a cash-intensive file, and how to put your materials inventory and service fleet 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)

5373 Bullrush Dr, Mississauga, ON, Canada

+1 (647) 212-9559

9:00 AM – 8:30 PM (Mon – Sun)

Brampton (ON)

4 Starhill Crescent, Brampton, ON L6R 2P9, Canada

+1 (647) 212-9559

9:00 AM – 8:30 PM (Mon – Sun)

Scarborough (ON)

24 Clementine Square, Scarborough, ON M1G 2V7, Canada

+1 (647) 212-9559

9:00 AM – 8:30 PM (Mon – Sun)

Vaughan (ON)

19 Cabinet Crescent, Woodbridge, ON L4L 6H9, Canada

+1 (647) 212-9559

9:00 AM – 8:30 PM (Mon – Sun)

Oshawa (ON)

210 Durham St, Oshawa, ON L1J 5R3, Canada

+1 (647) 212-9559

9:00 AM – 8:30 PM (Mon – Sun)

Ottawa (ON)

2090 Neepawa Ave a314, Ottawa, ON K2A 3L6, Canada

+1 (647) 212-9559

9:00 AM – 8:30 PM (Mon – Sun)

Etobicoke (ON)

60 Stevenson Rd #1601, Etobicoke, ON M9V 2B4, Canada

+1 (647) 212-9559

9:00 AM – 8:30 PM (Mon – Sun)

Hamilton (ON)

70 Starling Dr, Hamilton, ON L9A 0C5, Canada

+1 (647) 212-9559

9:00 AM – 8:30 PM (Mon – Sun)

Guelph (ON)

1155 Gordon St, Guelph, ON N1L 1S8, Canada

+1 (647) 212-9559

9:00 AM – 8:30 PM (Mon – Sun)

Windsor (ON)

4387 Guppy Ct, Windsor, ON N9G 2N8, Canada

+1 (647) 212-9559

9:00 AM – 8:30 PM (Mon – Sun)

North York (ON)

150 Graydon Hall Dr #912, North York, ON M3A 3B2, Canada

+1 (647) 212-9559

9:00 AM – 8:30 PM (Mon – Sun)

Garage Door Company Accounting & Tax FAQs

Should I incorporate my garage door business?
Incorporating gives you limited liability, which matters when a callback or a warranty claim on a door or opener you installed can follow you personally, plus a 12.2% Ontario combined rate on the first $500,000 of active business income and the ability to split income between salary and dividends. As a sole proprietor your company’s profit is taxed at your full personal rate, reaching 53.53% in Ontario, whether you draw it or leave it in the business. The decision usually turns on whether you consistently earn more than you need to withdraw, because that surplus is what a corporation lets you defer. Incorporation also brings annual T2 filing, minute book maintenance and higher compliance cost, so it is not free. It further opens access to the $1.25M Lifetime Capital Gains Exemption on a future sale, which an unincorporated business cannot offer. We model the break-even for your actual numbers rather than applying a rule of thumb. When the answer is yes, we handle the incorporation and the section 85 rollover of your trucks, tools and goodwill on Form T2057. When it is not yet, we say so and revisit it next year.
Do garage door companies charge HST on installs and repairs?
Yes. Both your new-door installs and your repair and service calls are fully taxable at 13% HST in Ontario. There is no exempt line for this construction work, so you charge HST on the entire invoice. The upside is that you claim input tax credits on the 13% you pay for doors, openers, springs, tracks, trucks, tools and fuel, so only the tax on your value added actually reaches CRA. You must register once taxable revenue passes the $30,000 small-supplier threshold, and we reconcile the HST you collect to the revenue on your T2 every period.
How do I account for customer deposits on a new door?
When you take a deposit on a signed door-and-opener order, that money is not revenue yet. It is deferred revenue, a liability you recognize as income only when the unit is actually installed, not when the cheque clears. Booking deposits straight into sales overstates your profit and the HST you appear to owe on jobs you have not completed, and it can trigger a reassessment when CRA sees revenue with no matching installed job. We set up a deferred-revenue account and release each deposit to income on the install date, so profit lands in the right period.
How do I handle my doors, springs and opener inventory?
Your doors, panels, springs, openers, tracks and remotes on hand at year-end are inventory under section 10 of the Income Tax Act, valued at the lower of cost or net realizable value. Expensing everything as you buy it overstates cost of materials and understates profit, which CRA can reverse on a reassessment, while ignoring superseded stock overstates it. We count and value the stock at year-end so cost of materials reflects only what you actually installed, and we write down obsolete or discontinued inventory where the rules allow.
What is the difference between install revenue and repair and service revenue?
A garage door company really runs two businesses: new-door install work, which is project-based and often tied to a deposit and a scheduled install date, and repair and service work such as spring replacement, opener repair, tune-ups and emergency calls, which is billed as it is done. They carry very different margins, so folding them into one sales line hides where you actually make money. We separate the two streams in your chart of accounts so you can price each one properly and see the true margin on every install and every service call.
How does the Construction Act holdback work on my commercial jobs?
On commercial and builder jobs in Ontario, the Construction Act requires 10% of each progress billing to be held back until the job is certified and the holdback period expires. That 10% is not your revenue yet; it is a receivable you recognize only when it is released, and the matching amount a general contractor holds on you is a payable. Booking the full billing as revenue before the holdback is released overstates income and the tax on it. We carry the holdback correctly and apply percentage-of-completion so your work-in-progress and profit land in the right period.
Do I have to file T5018 slips for my subcontractors?
Yes, if your company’s primary activity is construction and you pay subcontractors, you must file a T5018 Contract Payment Reporting slip and summary for each one, reporting the amounts you paid them during your reporting period. Garage door installation falls under construction, so the installers and crews you engage as subcontractors are reportable. CRA charges a penalty that starts at $100 per slip for late or missing filings and rises with the number of slips and the delay. We prepare and file your T5018 returns on time and keep your subcontractor records defensible.
How do I account for warranty on doors and openers?
Manufacturers warrant the doors, springs and openers you install, and you often add your own labour warranty on top. When you go back to honour a warranty, the parts and labour are a cost of the original job, and any amount a manufacturer reimburses you is revenue recognized when the claim is approved. Booking warranty work erratically makes your margins swing from month to month. We set your books up to match warranty costs and any manufacturer recovery to the right period, so a busy warranty month does not distort your profit.
Can I claim the apprenticeship tax credit?
Yes. If you employ registered apprentices in an eligible trade, the wages you pay them in the first two years of their program earn the Apprenticeship Job Creation Tax Credit, worth 10% of eligible wages up to $2,000 per apprentice per year, claimed on Schedule 31 of your T2. It is a non-refundable credit that reduces the tax your corporation owes. If you train apprentices on your crew and have not been claiming it, you are leaving money on the table, and we can file for open prior years too.
How much corporate tax does a garage door company pay in Ontario?
An incorporated garage door company pays roughly 12.2% combined federal-provincial tax on the first $500,000 of active income under the Small Business Deduction in Ontario, with income above that taxed at the general corporate rate. On top of corporate tax you charge 13% HST on installs and repairs, remit payroll source deductions on the PD7A, and pay WSIB premiums in the construction rate group. If you are unincorporated, the same profit lands on your personal return at rates up to 53.53% instead, which is why the incorporation break-even matters.
What can my garage door company write off?
Your service and installation trucks are Class 10 at 30%, your power tools and equipment are Class 8 at 20%, and small tools under $500 are Class 12 at 100%, all claimed on Schedule 8. You also deduct doors, openers and materials installed, installer wages, WSIB premiums, subcontractor costs, shop and yard rent, fuel, insurance, uniforms and training, and a bad debt under paragraph 20(1)(p) where a customer never pays. We put each asset in the right class so you are not under-claiming your fleet and tools.
How does CRA treat cash jobs at a garage door company?
Home-service trades are on CRA’s underground-economy watch list, so unreported cash spring and opener jobs are a real reassessment risk. On a cash-heavy company CRA can run an indirect verification of income, comparing your bank deposits and lifestyle against the install and repair revenue you reported and assessing the gap plus penalties and interest. The fix is clean books: every install, service ticket and deposit captured in your field-service software and reconciled to the bank, so your reported revenue holds up and there is nothing to assess.
What accounting software works best for a garage door company?
We pair a field-service platform such as Jobber, Housecall Pro or ServiceTitan with QuickBooks Online or Xero for the accounting, and Dext for receipt capture. The field-service app runs your estimates, deposits, installs and service tickets, and we map it to the general ledger so install revenue, repair and service revenue, deposits and materials post to the right accounts. We set it up and maintain it so your HST, inventory and year-end all tie out without a rebuild.

Related Industries We Serve

Accountant for Window and Door Installers

  • Deposits, materials inventory and install revenue
  • HST, ITCs and bookkeeping
  • Fleet CCA and corporate tax filing

Accountant for Waterproofing Contractors

  • Progress billing and Construction Act holdback
  • T5018, WSIB and crew payroll
  • Corporate tax planning and HST

Accounting for Small Businesses

  • Corporate tax planning for small businesses
  • Business tax filing and financial statements
  • Payroll and bookkeeping services

Accountant for Incorporated Businesses

  • T2 corporate returns and GIFI
  • Salary, dividend and SBD planning
  • Compilation statements and incorporation

Garage Door Company Accounting & Tax Done Right.

T2 filing, HST on installs and repairs, doors and opener inventory, customer deposits and the Construction Act holdback, warranty and work-in-progress, service-truck and tool CCA, installer payroll with WSIB and the apprenticeship credit under one roof. AFFORDABLE flat fees, no hourly billing. Licensed CPA Ontario. 1300+ five-star reviews. 30-Day Money-Back Guarantee.



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