Tax Accountant for Movie Theatres in Ontario and Across Canada
The box office is not the margin. A large share of every admission dollar leaves again as the distributor’s share, and because that share moves with the gross, a packed week and a quiet one look far more alike at the bottom of the page than they do at the top of it. We post film rental against box office as a direct cost of sales where you can see it, run concession as its own department with its own revenue, cost of sales and gross margin, and hold advance tickets, passes and gift cards as a liability until the screening or the redemption actually happens. Auditorium seating, screens and general equipment go to Class 8 at 20%, point of sale and computer systems to Class 50 at 55%, and we settle recapture under ITA 13(1) whenever a generation of equipment turns over. Whether you run a single-screen main street cinema, a suburban multiplex, a repertory house or a drive-in, we handle the film rental, the counter and the payroll — with AFFORDABLE flat fees.
AFFORDABLE Movie Theatre Tax Accountant
A cinema takes its money at two counters and only one of them is really its own. At the box office, most of what the till records is already on its way back out: the distributor takes a share of the gross, that share rises exactly when the good weeks arrive, and a theatre that reports admissions net of it — or worse, leaves film rental somewhere in overhead — cannot tell you what a screen actually returned. Thirty feet away, the counter selling popcorn and fountain drinks keeps most of what it takes, and in a great many buildings it is the difference between a profitable year and a lease nobody can carry. Fold the two into one revenue line and the owner is reading an instrument that averages them and reveals neither. There is a third problem sitting underneath both: the money taken in December for films that will not screen until spring is not income on the day the till counts it. At Gondaliya CPA, our work on an exhibition file is film rental costing, departmental concession reporting and deferred admission revenue, delivered on an AFFORDABLE flat fee that holds you right with CRA and stops you handing over tax you never owed.
As a movie theatre accountant, we act for single-screen independents, suburban multiplexes, repertory and art-house cinemas and drive-ins right across Ontario, on a year-round footing instead of an annual panic every spring. You get told what each screen returned once the distributor had been paid, what the counter contributed on its own account, and how much of the money in the bank is still owed to people who have not walked in yet.
Leave the numbers with us and keep your attention on the screen and the audience.
Our Official Partners
Accounting That Understands How a Movie Theatre Actually Works
Exhibition carries pressures no ordinary retailer meets. A share of every admission dollar is committed to the distributor before the doors open, your strongest weeks are the ones that cost you most, a large part of the cash in the bank belongs to people who have not watched anything yet, and the department that quietly pays the bills is usually the one hidden inside the ticket line. Gondaliya CPA works from that reality and brings practical, exhibitor-specific answers to operators the length of Ontario.
Stay Compliant and Minimize Your Movie Theatre Tax
Compliance and tax minimisation are not two separate exercises for an exhibitor. Every return goes in on time while every film rental, concession, equipment and occupancy dollar the T2 permits is claimed, so nothing is left behind and nothing on the return looks worth reassessing.
Accounting & Tax Experts for Movie Theatres
- 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 Movie Theatres?
Tax Planning — Capital That Turns Over
We know the building: Class 8 at 20% on seating and screens, Class 50 at 55% on point of sale, the fit-out in Class 13, and recapture on every disposal. The $500,000 Small Business Deduction is defended year by year.
Consulting — Film Rental & Concession Margin
Our bookkeeping puts the distributor’s share against box office and runs the counter as its own department, so you can see which screens returned and what the popcorn is really paying for.
CRA Representation — Deferred Revenue & HST
When CRA queries advance ticket timing or the tax rung through at the counter, we draft the answer and apply for relief on Form RC4288 where the penalties trace back to somebody else’s mistake.
Bookkeeping — Cash Flow & Sale
We build the cash flow that carries a thin February out of a strong December, produce the statements your landlord and lender read, and model the exit years ahead.
Google Reviews
Movie Theatre Clients
Movie Theatre Tax and Accounting Services in Ontario
Corporate Tax Filing (T2) for Movie Theatres
Professional T2 preparation with film rental set against box office, concession reported as its own department, deferred admissions stated properly, and CRA compliance on every line.
Bookkeeping & Accounting for Movie Theatres
Daily box office and counter takings reconciled to the point of sale, the distributor’s share posted as cost of sales, and financial statements built from clean records.
Payroll Services for Movie Theatres
Payroll for part-time and student staff: source deductions on the PD7A, WSIB coverage, T4 and T4A slips lodged on schedule, and a record of employment each time somebody finishes.
GST/HST Filing for Movie Theatres
AFFORDABLE HST filing: 13% rung through on admissions and on every sale at the counter, gift cards taxed at redemption, and each input tax credit claimed back.
Tax Planning for Movie Theatres
Planning that puts equipment replacement in the right year across Class 8 and Class 50, guards the Small Business Deduction, and sets the exit structure long before you need it.
Corporate Catch-Up Filing for Movie Theatres
Overdue T2 and HST years brought up to date, the missing film rental and concession history reconstructed, and your standing with CRA restored on accurate figures.
CRA Audit Resolution for Movie Theatres
Confident representation on deferred revenue timing, counter tax and equipment disposal reviews, from the opening letter through to resolution.
CPA Financial Statements (Notice to Reader) for Movie Theatres
CPA-compiled statements a landlord or a lender will take, with the concession margin visible and each asset class shown at its own net book value.
Incorporation Services for Movie Theatres
Incorporation end to end, covering NUANS, articles and share structure, plus the section 85 rollover that moves your equipment, fit-out and goodwill across.
Catch-Up Bookkeeping Services for Movie Theatres
Months or years of box office reports, distributor settlements, counter takings and equipment invoices reconstructed and reconciled, so your asset schedule is finally accurate.
US Corporation & LLC Tax Filing for Movie Theatres
Cross-border return preparation where the corporation or its owners carry a US filing obligation, coordinated with the Canadian T2 so foreign tax credits actually land.
Voluntary Disclosure Program for Movie Theatres
Come forward on counter tax never collected, recapture nobody reported or advance ticket revenue booked into the wrong year, and have the penalties cancelled under a Voluntary Disclosures Program application before CRA makes the first call.
Accounting & Tax Services Tailored for Movie Theatres
Real, practitioner-level CPA expertise for single-screen independents, suburban multiplexes, repertory and art-house cinemas and drive-ins across Ontario — built for a business where most of the ticket price leaves again and the margin lives at the counter.
- Your T2 carries GIFI across Schedule 100 and Schedule 125 with admissions, concession sales, pre-show advertising and private hire each given a line of its own, so CRA reads a return that matches the way a cinema genuinely earns.
- We post the distributor’s share as a direct cost of sales beneath the box office it belongs to, rather than netting it into revenue or leaving it in overhead, because netted admissions hide what every screen in the building returned.
- We claim capital cost allowance on Schedule 8 with auditorium seating, screens and general equipment in Class 8 at 20% and point of sale terminals and back-office computers in Class 50 at 55%.
- We treat the lobby, washroom and auditorium fit-out as a leasehold improvement in Class 13 written off over the lease term, because a $250,000 refit expensed as repairs in one year is exactly the claim a reviewer reverses.
- When a generation of projection or seating turns over, ITA 13(1) pulls back into income whatever the proceeds run above the pool’s undepreciated capital cost, and where a class clears out below its balance we take the terminal loss instead.
- We reconcile daily box office and counter takings from the point of sale through to the bank, session by session, so the admissions figure in your ledger is the one the system recorded rather than an estimate somebody typed.
- We run concession as its own department with its own revenue, cost of sales and gross margin, because on a house taking $1.2 million at the box office the counter is routinely the only department earning a real margin.
- We post film rental against the box office it arose from, so a strong opening weekend carries the cost it brought with it instead of flattering a month that finished a great deal thinner than it looked.
- We carry advance tickets, passes and gift cards as deferred revenue on the balance sheet, so an owner reading a healthy bank balance is never mistaking money held for the audience for money the business has earned.
- Supplier, distributor, concession and maintenance invoices come in through Dext and are reconciled every month, which holds the six-year record obligation in ITA section 230 and stops input tax credits quietly going unclaimed.
- We settle whether ushers, projectionists and counter staff are employees or contractors on the facts of the working relationship, because a building running on casual and student help carries more exposure here than almost any other retailer.
- We file T4 slips for staff on payroll and T4A slips for the few genuinely in business for themselves, and issue a record of employment every time a student or seasonal hire finishes, which here is constantly.
- In Wagepoint we take income tax, CPP and EI off every pay and clear the PD7A by the fifteenth of the month that follows, because a remittance that slips draws a graduated penalty reaching 10% of what was due.
- We register WSIB coverage before the first hire, because a building with public stairs, a projection room and staff moving stock along back corridors is not one on which to discover an unregistered payroll after an injury.
- The T4 slips and the T4 Summary are filed by the last day of February and agreed to whatever actually went across on the PD7A, while the Ontario payroll total is kept under review against the $1,000,000 Employer Health Tax exemption.
- Admissions are taxable supplies at 13% in Ontario, so every ticket carries tax, and we file the GST34 that reports it against the input tax credits the building generated over the same reporting period.
- Everything that crosses the concession counter is taxable at 13% — popcorn, candy, nachos, fountain drinks and coffee, sold for immediate consumption on site — and an operator who assumed the counter sat outside the tax is under-collecting and will owe the difference with interest.
- We recover input tax credits in full on projection and sound equipment, seating, fit-out, concession stock, utilities, repairs and professional fees, which on a theatre partway through a refurbishment is a substantial recovery every filing period.
- Registration falls due as soon as taxable revenue across four consecutive calendar quarters tops $30,000, a threshold very nearly every operating cinema in the province went past long before anybody thought to ask.
- No tax is charged when a gift card or a pass is sold; it applies when the card is redeemed against a taxable supply, so the sale creates a liability and the tax point waits for the customer.
- Equipment replacement is timed against the fiscal year-end, balancing the 55% rate running on Class 50 point of sale and computer systems against the 20% rate on Class 8 seating and screens, so the deduction falls where it is worth most.
- We balance owner salary against dividends each year, drawing enough T4 salary to keep RRSP room building while the rest comes out as dividends, so the combined result sits near the 12.2% Ontario small-business rate rather than 53.53% personally.
- We keep active income under the $500,000 Small Business Deduction limit, and watch the associated-corporation rules where the owner holds the building, or a second cinema, through a separate company alongside this one.
- A share sale is worth setting up two full years in advance, because nothing in ITA 110.6 delivers the $1.25M Lifetime Capital Gains Exemption unless the shares themselves stand up, and cash banked from a run of good summers is usually what stops them.
- We model the incorporation break-even honestly, because a theatre whose owner draws out everything it earns gains far less from a corporation than one leaving a refurbishment fund inside it year after year.
- Admissions, concession sales, pre-show advertising and private hire are reconstructed from bank deposits, point of sale exports and distributor settlement statements right through the unfiled years, putting back the six-year record trail ITA section 230 calls for.
- A late return costs 5% of whatever is owing, and another 1% for every month it stays unfiled up to a ceiling of twelve, so the oldest year goes in first to halt the compounding and cap the arrears interest.
- We rebuild the capital cost pools across the missing years, splitting seating and screens in Class 8 from point of sale in Class 50 and a $400,000 fit-out in Class 13, recovering deduction understated every year it ran.
- We separate the distributor’s share from operating costs across the backlog, because a catch-up filing that left film rental sitting inside overhead reports a gross margin nobody in this business would recognise as their own.
- We lodge the Voluntary Disclosures Program submission on Form RC199 before CRA makes contact, since acceptance under the general program removes the penalties entirely and brings roughly 50% relief on the interest built up in older years.
- When CRA tests your deferred revenue, we produce the advance ticket, pass and gift card ledgers and show what was still unredeemed at year-end, because that liability is where an exhibition audit very often begins.
- When CRA questions the tax collected at the counter, we produce the point of sale mapping that puts 13% on every concession line, because an under-collected year is assessed against the business whether or not any customer paid it.
- When CRA tests an equipment disposal, we produce the recapture calculation against undepreciated capital cost, because projection or seating replaced during a refurbishment is a disposal whether or not anybody wrote it up as one.
- When a full audit opens, we take the file over and answer every revenue, asset and payroll query inside the deadline set, so a single-year review does not spread into the earlier years CRA is entitled to reopen.
- Where a reassessment lands, we lodge the Notice of Objection inside the 90-day window and ask for taxpayer relief on Form RC4288, which on penalties and interest built up from a prior bookkeeper’s error can be worth more than $20,000.
- We prepare the CSRS 4200 compilation engagement financial statements a landlord or a lender asks for across two fiscal years, whether the request is a lease renewal, an equipment facility or an operating line to carry a thin spring.
- Your compiled statement of operations shows admissions and film rental on facing lines and concession as a separate department, so the reader can see both of the margins this business actually runs on.
- Your statement of financial position carries seating, screens, projection and point of sale at net book value by class, with the fit-out shown separately, because a lender finances those categories on quite different terms.
- We state deferred revenue for advance tickets, passes and gift cards as a liability rather than leaving it inside sales, because a $180,000 balance nobody disclosed is the sort of thing that unwinds a financing late.
- Thirty days after the records and the year’s T2 figures reach us, the compiled statements are back with you, because a lease renewal or an equipment approval before the summer will not wait on a slow accountant.
- We incorporate the theatre in Ontario so the building’s public risk sits behind a corporate wall, and so active profit meets roughly a 12.2% combined rate here on the first $500,000 instead of a personal rate reaching 53.53%.
- Form T2057 carries the section 85 rollover, shifting your seating, projection, point of sale, fit-out and goodwill into the corporation at elected amounts, so the gain an outright sale would crystallise is deferred instead.
- The opening Class 8, Class 50 and Class 13 balances come straight off the rollover figures, so the company’s first asset schedule is built from documents instead of being pieced together from recollection several years afterwards.
- Inside the first month we open the corporation’s Business Number with CRA along with its HST and payroll accounts, and confirm the lease, the utility accounts and the distributor arrangements have all moved across cleanly.
- We set the chart of accounts with film rental against box office, concession as its own department and deferred revenue built in from the first screening, so the records accumulate correctly from day one onward.
- We rebuild months or years of neglected books from bank deposits, point of sale exports, distributor settlements and concession invoices, so a cinema that ran two seasons without bookkeeping ends up with a ledger it can file from.
- The equipment schedule is rebuilt line by line off the purchase invoices and allocated between Class 8, Class 50 and Class 13, an allocation that is wrong on very nearly every exhibition file we take over.
- We recover the input tax credits buried in unentered equipment, fit-out, concession stock and repair invoices, because a theatre partway through a refurbishment can easily be sitting on $30,000 of credits it never claimed.
- We separate film rental from operating costs across the backlog so the caught-up statements show what each screen returned, rather than one blended number that tells the owner nothing worth acting on at all.
- We reconstruct the deferred revenue balance from advance ticket, pass and gift card records, so the opening liability is real and the first properly filed year does not begin by recognising money that was never earned.
- Where the corporation or one of its owners carries a US filing obligation, we prepare that return alongside the Canadian T2, so both sides report the same figures and neither one is assembled in isolation from the other.
- We line the two returns up against each other so no foreign tax credit is lost, because a dollar of income already taxed in one country ought to be cutting the bill in the other rather than vanishing into overhead.
- Where a US citizen is a shareholder or an officer of your company, we align the Canadian corporate filings with their personal US obligations, which reach into a Canadian corporation further than most families expect.
- Where the owners’ specified foreign property passes $100,000, we file Form T1135, because CRA charges that penalty on the failure to report the holding rather than on any tax turning out to be owed.
- We close and reconcile the corporate accounts before either return is started, because a cinema group holding an interest in a US entity cannot file two consistent returns from books that were never properly closed.
- We bring your company forward on concession tax never collected, because a counter ringing popcorn and drinks through as untaxed sales builds an assessable shortfall quietly, year after year, until somebody eventually looks at it.
- We disclose recapture never reported when projection or seating was swapped out in a refurbishment, because an unrecorded disposal does not simply vanish, and the penalty for finding it late is precisely what a disclosure lifts.
- We correct advance ticket and pass revenue taken into the wrong year, which on a theatre selling heavily in December for a spring release is a recurring error rather than a one-off slip of timing.
- The submission goes in on Form RC199 backed by a complete reconstruction from point of sale exports, distributor settlements and bank records, so a business that outgrew its bookkeeping never has to accept an arbitrary assessment.
- Before the package goes anywhere we satisfy ourselves it is truly voluntary, that it is complete, and that the oldest year is more than twelve months overdue, then press for the interest relief that turns an exposure often past $50,000 into a managed correction.
Movie Theatre Film Rental & Tax Check
Six quick questions on your film rental treatment, your concession reporting, your deferred admissions, your gift card tax, your capital pools and whether it is time to incorporate. No fee shown.
1. Is the distributor’s share posted as a cost of sales against box office?
2. Does concession have its own revenue, cost of sales and gross margin?
3. Do advance tickets, passes and gift cards sit on the balance sheet until redemption?
4. Does gift card tax wait until the card is actually used?
5. Are seating and screens in Class 8 and point of sale in Class 50?
6. Is your movie theatre incorporated?
Free CPA Consultation for Movie Theatres
Case Studies: Movie Theatre Accounting & Tax
Sarnia Multiplex — Film Rental Buried in Overhead
The problem: A six-screen Sarnia cinema reported admissions net of the distributor’s share and dropped whatever remained of film rental into general overhead. The income statement produced a gross margin that looked like a cinema’s and behaved like nothing at all: it moved the wrong way in the strongest weeks, because the share climbed with the gross and no line on the page connected the two. The owner had spent a year repricing the counter to solve a problem that was never at the counter.
What we did: We rebuilt two fiscal years from distributor settlement statements, restated admissions gross with film rental as a direct cost of sales immediately beneath, and pulled concession out into a department of its own with its own cost of sales and gross margin. The point of sale was reconfigured so every counter line tags itself to that department from the following Monday.
The result:
- Film rental restated as cost of sales across two years
- Concession gross margin visible for the first time
- $41,000 of input tax credits recovered on the fit-out
North Bay Cinema — December Money for a March Release
The problem: A North Bay independent sold advance tickets, passes and gift cards hard through November and December, the busiest selling weeks in the building, and booked every dollar as revenue on the day it was taken. Two fiscal years had closed on that basis. The year-end overstated income by the value of screenings nobody had attended, tax was paid on money still owed to customers, and every January read like a collapse, because the tickets being torn had already been counted as sales twelve months earlier.
What we did: We built the deferred revenue schedule out of the point of sale records, moved unredeemed advance sales onto the balance sheet as a liability, applied the ITA 12(1)(a) inclusion together with the ITA 20(1)(m) reserve, and set a monthly release as tickets were presented. The December selling push now builds a liability that unwinds across the spring instead of a profit that never existed.
The result:
- $96,000 of unearned admissions moved off the income statement
- Tax on money not yet earned deferred to the correct year
- Monthly release tied to actual redemptions
Cobourg Repertory Cinema — Two Counters, One Number
The problem: A Cobourg repertory cinema ran admissions and concession through a single revenue account and a single cost account. The owner knew the business was roughly breaking even and had no way at all of finding out which half was doing it. Ticket prices had been lifted twice and popcorn prices never, on an assumption that the counter was a courtesy rather than a department. Nothing in the ledger could confirm or contradict that, because the two had never been separated for a single trading day.
What we did: We split the point of sale mapping into two departments, rebuilt eighteen months of takings on that basis, and produced a monthly report setting each department’s revenue, cost of sales and gross margin side by side. Concession cost of sales came away from film rental for the first time, giving the counter a margin the owner could act on.
The result:
- Admissions and concession reported as separate departments
- Gross margin visible per department, per month
- Pricing decisions moved onto evidence
Our clear, efficient process ensures every step is transparent, building trust and long-term client relationships.
Kickoff (Document Request)
Collect prior T2 returns, distributor settlement statements, point of sale exports for admissions and concession, the advance ticket and gift card ledger, equipment and fit-out invoices, the lease, payroll records, and bank statements.
First 30 Days (Cleanup & Setup)
Set up QuickBooks Online or Xero against your point of sale, split admissions and concession into separate departments, rebuild the Class 8, 50 and 13 schedules, and open the deferred revenue account properly.
Monthly Close
Box office and counter takings reconciled session by session, film rental posted against admissions, deferred revenue released on redemption, GST34 filed, and payroll, PD7A and WSIB reconciliation.
Quarterly Planning Review
Salary and dividend mix, equipment replacement timing across Class 8 and Class 50, concession margin by category, and cash flow against a trading year that is never evenly spread.
Year-End Close & T2 Filing
Trial balance, statements presenting concession as a department with deferred revenue shown as a liability, capital pools closed off with recapture or terminal loss, the T2 and its GIFI, and the CRA file made ready.
Get Your Movie Theatre Taxes Done Right Today
Affordable Pricing for Movie Theatres
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 Movie Theatre Accountant
Meet the movie theatre accountant who will actually run your file. The same two people handle your exhibition and corporate tax work from one year to the next.
What Our Clients Say
Over 1300 five-star Google ratings from owners of cinemas, hospitality venues and food-service counters across Ontario and the rest of Canada.
Serving Movie Theatres Across Ontario
Our CPA team looks after movie theatres and cinema operators the length of Ontario, with accounting and tax work built specifically around exhibition. We understand why the distributor’s share has to sit against box office, why the counter deserves a department of its own, how much of December’s cash is still owed to the audience, and what CRA opens first on an exhibition 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)
Movie Theatre Accounting & Tax FAQs
Related Industries We Serve
Accountant for Event Venues
- Deposits and deferred revenue
- Private hire and group bookings
- Corporate tax filing and statements
Accountant for Family Entertainment Centres
- Admissions and food sales tax
- Equipment capital cost allowance
- Corporate tax planning and payroll
Accounting and Tax Services for Small Businesses
- Bookkeeping and HST filing
- Payroll and source deductions
- Year-end statements and T2
Accountant for Incorporated Businesses
- T2 filing and capital pools
- Salary and dividend planning
- Notice to Reader statements
Movie Theatre Accounting & Tax Done Right.
T2 filing with the distributor’s share posted against box office as a direct cost of sales, concession run as its own department with its own revenue, cost of sales and gross margin, advance tickets, passes and gift cards carried as deferred revenue until the screening or the redemption, 13% collected on admissions and on everything sold across the counter, auditorium seating and screens in Class 8 at 20% with point of sale in Class 50 at 55%, and recapture settled under ITA 13(1) on every disposal. AFFORDABLE flat fees, no hourly billing. Licensed CPA Ontario. 1300+ five-star reviews. 30-Day Money-Back Guarantee.