Accountant for Newcomer Business Owners in Ontario and Across Canada
New to Canada and building a business? We guide newcomers through their first Canadian tax filing, incorporation and CRA setup, foreign income and newcomer credits — so you start on solid ground and keep more of what you earn. Whether you arrived on permanent residency, a work permit, a study permit or the Start-up Visa, a Registered CPA explains every step in plain language and handles the paperwork alongside you. From your Business Number to your first T2 corporate return, everything is done under one roof at clear, AFFORDABLE flat fees — no hourly billing and no surprises.
AFFORDABLE Accounting & Tax Services for Newcomer Business Owners
Arriving in Canada and starting a business at the same time is a lot: a new tax system, a first return where only part of the year counts, questions about foreign income and assets you left behind, and a CRA that expects you to know the rules from day one. Most newcomers either overpay because they report their world income the wrong way, or miss the credits and refunds they are actually entitled to in their first year.
We make it simple. A Registered CPA walks you through everything — registering your business number, choosing between a sole proprietorship and incorporation, filing your first part-year return correctly, reporting foreign income and T1135 assets, and claiming newcomer credits like the GST/HST credit and Canada Child Benefit. We handle the bookkeeping, GST/HST, payroll and year-round tax planning so you can focus on building your new life. We serve newcomer business owners across Ontario and Canada. AFFORDABLE flat fees. No hourly billing.
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Accounting & Tax Service That Understands Newcomers
Starting fresh in a new country means learning a whole new tax system while you build your business. We have guided hundreds of newcomers from their first landing to a fully registered, compliant Canadian business — explaining every step in plain language, with clear fixed fees and no surprises.
Stay Compliant and Minimize Your Tax as a Newcomer
The CRA holds newcomers to the same deadlines as everyone else — and expects foreign income and assets to be reported from your date of entry. Staying compliant and paying the least legal tax go hand in hand, and we keep every obligation on schedule while claiming every credit and deduction you are entitled to.
Accounting & Tax Experts for Newcomer Business Owners
- AFFORDABLE + Fully Registered CPA Firm
- Newcomer & Immigrant Business Specialist
- First-Year, Residency & Foreign-Income Tax Expert
- Incorporation, bookkeeping and tax filing
- Certified CPA
- 1300+ 5-stars Google reviews
- 30-Day Money-Back Guarantee
- 60-Day Fees Matching Policy
Why Newcomer Business Owners Choose Our Tax and Accounting Service
Newcomer Expertise
We work with new immigrants, PR holders, work-permit holders and Start-up Visa entrepreneurs every day. We know first-year residency rules, foreign-income reporting, the T1135 and the newcomer credits that matter most in your first years in Canada.
From Landing to Business, One Firm
Incorporation, CRA registrations, bookkeeping, personal and corporate tax all live under one roof. You get a single point of contact who understands both your business and your newcomer situation, so nothing falls through the cracks.
Fixed-Fee, AFFORDABLE Pricing
Every service is an AFFORDABLE flat fee, quoted before we start — important when you are managing a move and a new business. No hourly billing and no surprises, backed by our 30-Day Money-Back Guarantee and 60-Day Fees-Matching Policy.
Trusted by 1300+ Clients
We are one of Canada’s most AFFORDABLE CPA firms, trusted by more than 1,300 clients including many newcomers who arrived, incorporated and grew with us. We explain everything clearly and keep your tax as low as the rules allow.
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Newcomer Clients
Newcomer Business Tax and Accounting Services in Ontario
Corporate Tax Filing for Newcomer Business Owners
T2 corporate returns for newcomer-owned corporations plus accurate first-year part-year personal filing, with foreign income handled right.
Accounting & Bookkeeping for Newcomer Business Owners
Cloud bookkeeping that tracks capital brought from home, multi-currency activity and every expense, with clear reporting.
Corporate Tax Planning for Newcomer Business Owners
Salary-dividend strategy, RRSP/TFSA timing and newcomer credits (GST/HST credit, CCB) built around your status.
Catch-Up Corporate Tax Filing for Newcomer Business Owners
Unfiled first years and unreported foreign income brought current, with Voluntary Disclosures and penalty relief.
GST/HST Filing for Newcomer Business Owners
Register at the right time, recover GST paid at the border on imports, and file to maximize input tax credits.
Corporate Tax Cleanup for Newcomer Business Owners
Correct first-year residency, foreign-income and T1135 errors by amended return to restore full compliance.
CRA Audit Resolution Services for Newcomer Business Owners
Representation on residency, foreign income and T1135 reviews, handled on your behalf.
CPA Compilation Report (Notice to Reader) for Newcomer Business Owners
CSRS 4200 statements for lenders when you have no Canadian credit history yet.
Incorporation Services for Newcomer Business Owners
Incorporation services with Business Number, GST/HST, payroll and WSIB setup, plus director-residency guidance.
Catch-Up Bookkeeping Services for Newcomer Business Owners
Books rebuilt from your arrival date, Business Number and payroll accounts cleaned up, and your first Canadian returns brought current.
US Corporation & LLC Tax Filing for Newcomer Business Owners
Form 1120, treaty-based 1120-F and Form 5472 filings for US entities you still own, coordinated with your Canadian reporting.
Voluntary Disclosure Program for Newcomer Business Owners
RC199 disclosures that bring unreported foreign income and missed T1135 filings current with relief from penalties.
Accounting & Tax Services Tailored for Newcomer Business Owners
Each service, explained in full, so you know exactly what is included and how it keeps your new Canadian business compliant and your tax as low as the rules allow.
- We determine the exact date you became a Canadian tax resident and file your first-year part-year personal return, taxing world income only from that date forward.
- We prepare and file your T2 corporate return within six months of year-end, handling the short first-year period and applying the small business deduction.
- We track the capital you injected from your home country as a shareholder loan on Schedule 50, so you can withdraw it tax-free later instead of paying tax on your own funds.
- We report foreign income earned after arrival, convert it to Canadian dollars, and claim foreign tax credits and treaty relief so the same income is not taxed twice.
- Where you have non-resident shareholders or make payments abroad, we handle Part XIII withholding at the correct reduced treaty rates.
- We set up cloud bookkeeping in QuickBooks or Xero connected to your Canadian bank and card feeds, with receipt-capture tools, so your records are current and paperless from the start.
- We record the funds you transferred from abroad to start the business as a proper shareholder loan or capital contribution, so the money is documented and can be repaid to you without tax.
- We handle multi-currency transactions and conversions cleanly, which matters when you still receive payments or pay suppliers in your home country’s currency.
- We build a chart of accounts tailored to your industry and separate your business activity from personal spending, so your filings are accurate and audit-ready.
- We deliver clear monthly reports in plain language, so even if Canadian accounting is new to you, you always understand how your business is doing.
- We tell you the income level at which incorporating starts to save tax for your situation, so you neither incorporate too early nor leave the small business deduction’s deferral on the table.
- Once you incorporate, we model the salary-versus-dividend mix that builds RRSP room and CPP entitlement while keeping your overall tax low.
- We plan how and when to repay the shareholder loan from the capital you brought to Canada, giving you tax-free access to your own money as the business generates cash.
- We make sure you claim the newcomer credits — the GST/HST credit via Form RC151 and the Canada Child Benefit via Form RC66 — and advise on when your RRSP and TFSA room begins.
- We build cross-border planning around any income, property or family that remains in your home country, using tax treaties to keep your total tax as low as legally possible.
- If your corporation or first personal return is unfiled, we file all outstanding years and negotiate penalty relief before the CRA issues arbitrary assessments.
- We reconstruct missing income and expenses from bank records, invoices and financing agreements when the books fell behind during your first busy year in Canada.
- Where past foreign income or assets were never reported, we use the CRA’s Voluntary Disclosures Program to correct it with relief from penalties before the CRA makes contact.
- We prioritize the oldest unfiled year first to stop late-filing penalties and daily compounding interest from growing while we bring every year current.
- We claim the deductions and newcomer credits you missed in those prior years, so you are not simply reporting income and paying maximum tax on it.
- We monitor your revenue against the ,000 small-supplier threshold and register you for GST/HST at the right time, or voluntarily earlier when claiming input tax credits benefits you.
- We recover the GST you pay at the border on imported goods and equipment as an input tax credit, money many newcomer importers do not realize they can claim back.
- We claim input tax credits on your taxable business costs — supplies, software, professional fees and equipment — so you recover the HST you pay on business purchases.
- We compare the Quick Method against the regular method and choose the one that leaves the most cash in your business, and confirm whether what you sell is taxable, zero-rated or exempt.
- We file your GST/HST returns on your annual or quarterly schedule, on time, so you avoid CRA interest and penalties while you are still learning the system.
- We correct first-year returns filed on the wrong residency basis — full-year instead of part-year, or the wrong date of entry — through amended returns that restore compliance.
- We fix foreign income that was omitted or converted incorrectly, and file any missed T1135 Foreign Income Verification Statements to avoid the steep penalties.
- We rebuild the shareholder-loan account where capital you brought from abroad was mistaken for income, so repayments to you are tax-free.
- We correct HST that was charged, collected or remitted incorrectly in earlier periods and recover input tax credits that were missed.
- We rebuild the numbers from source records so your corrected returns are accurate, consistent and defensible.
- When the CRA questions your residency status or the date you became a resident, we assemble the documentation of your residential ties and respond on your behalf.
- We handle CRA reviews of foreign income and T1135 filings, presenting your records and treaty positions clearly so the review is resolved without unnecessary reassessment.
- We respond to GST/HST and payroll queries with organized reconciliations, demonstrating your new business’s compliance to the CRA.
- Where penalties arose from an honest first-year mistake, we file RC4288 Taxpayer Relief requests documenting the circumstances to maximize penalty cancellation.
- We represent your business directly with the Canada Revenue Agency, so a new tax system never becomes a source of stress.
- We prepare CSRS 4200 compilation (Notice to Reader) financial statements that Canadian banks and lenders require — especially valuable when you have no Canadian credit history yet.
- Your statements show equipment at net book value, the shareholder loan for capital you injected, and retained earnings, giving lenders an accurate picture of your business.
- We classify revenue and costs under the correct GIFI codes so the Notice to Reader matches your T2 return exactly.
- We include the required CSRS 4200 disclosures plus notes on revenue recognition and related-party transactions, so the statements withstand lender review.
- We deliver your statements promptly after year-end, so a financing, lease or credit application is never held up.
- We handle the full incorporation of your Ontario or federal business, including the NUANS name search, articles of incorporation and initial registrations, so you can start billing quickly.
- We explain the director-residency rules — an Ontario corporation has no Canadian-resident director requirement, while a federal corporation requires 25% resident Canadian directors — and structure your incorporation around your status.
- We register your corporation for a CRA Business Number, GST/HST, payroll and, where needed, WSIB accounts so your business is compliant from day one.
- We design a share structure that fits your family and any partners who arrived with you, supporting future income splitting and growth.
- For owners moving from a sole proprietorship, we coordinate the section 85 rollover of business assets into the corporation at elected amounts to defer any gains.
- We reconstruct your books from your arrival date forward, rebuilding months of missing entries from bank statements, credit cards, cash receipts and the funds you transferred from your home country to start trading.
- We build a clean opening balance sheet for your first Canadian year, separating personal settlement spending from genuine business costs so nothing family members paid for is quietly lost.
- We clean up your CRA Business Number program accounts, adding or correcting the GST/HST, payroll and corporate income tax accounts that were registered late, opened on the wrong date or never opened at all.
- Where you paid family or staff before a payroll account existed, we rebuild the payroll records, calculate the source deductions owing and bring every remittance and T4 slip current.
- With the books rebuilt we file your outstanding first Canadian returns on the correct part-year basis, reporting world income only from the date you became a resident — monthly bookkeeping from $100.
- If you arrived in Canada still owning a US corporation, we prepare its Form 1120 federal return and the state filings, coordinating the year-end with your new Canadian corporate reporting.
- Where your Canadian company sells into the United States without a permanent establishment there, we file a protective treaty-based Form 1120-F so the treaty position is claimed and documented properly.
- We file Form 5472 for every reportable transaction between you and your US entity, because a missed or late 5472 carries a $25,000 penalty per form that newcomers rarely see coming.
- US LLCs are treated differently by the CRA than by the IRS, and we plan around that hybrid mismatch so the US tax you actually pay still supports a Canadian foreign tax credit.
- We handle both sides of the border in one place, so US income you keep earning after arrival is reported on your Canadian return with foreign tax credits and treaty relief applied.
- We file your application on Form RC199 with the CRA Voluntary Disclosures Program, presenting the full history of what was missed in your first Canadian years and why it happened.
- We test your situation against the five acceptance conditions first — voluntary, complete, involving a penalty, information at least one year overdue, and payment of the estimated tax owing.
- Where foreign income earned after you became a resident went unreported, we bring those years current under the program and claim the foreign tax credits that reduce what you actually owe.
- Where the total cost of your specified foreign property exceeded $100,000 CAD and no Form T1135 was filed for a year after your first resident year, we correct that through the program.
- We position your file on the general track for penalty and partial interest relief rather than the limited track, and act before the CRA contacts you, because voluntariness is lost once they do.
Newcomer Business Tax & Compliance Check
Six quick questions on your first years in Canada and your business setup. No fee shown.
1. Did you become a Canadian tax resident part-way through a tax year?
2. Do you still earn income or own property outside Canada?
3. Is the total cost of your foreign property above $100,000 CAD?
4. Have you registered a business or incorporated in Canada yet?
5. Have you applied for the GST/HST credit or Canada Child Benefit?
6. Did you bring capital from your home country to start the business?
Free CPA Consultation for Newcomer Business Owners
Case Studies: Newcomer Business Accounting & Tax
Mississauga New PR – IT Consulting Startup
Problem: A software professional landed as a permanent resident in July, earned foreign salary before arriving and freelance consulting income after, and had no idea how to report a split year or whether he could incorporate. He was worried his overseas income would be taxed twice and that he was already missing CRA deadlines.
Solution: We confirmed his residency date, filed a part-year return taxing only his post-arrival world income, and applied foreign tax credits on income already taxed abroad. We incorporated an Ontario corporation, registered his Business Number, GST/HST and payroll accounts, and applied for his first-year newcomer credits.
Results:
- First-year return filed correctly, no double taxation
- GST/HST credit and CCB approved and paid
- Incorporated and billing clients within two weeks
- Shareholder loan set up for tax-free repayment
Toronto Start-up Visa Founder – Foreign Assets
Problem: An entrepreneur who arrived on the Start-up Visa program brought significant savings to fund his company and still owned property and investments abroad worth well over $100,000. He was anxious about the T1135, unsure what to disclose, and afraid of penalties for getting foreign reporting wrong.
Solution: We explained the first-year T1135 exemption and set up correct foreign-asset reporting for the following year. We documented the capital he injected as a shareholder loan, applied treaty relief and foreign tax credits on his overseas investment income, and structured his corporation cleanly from the start.
Results:
- Foreign assets reported correctly, penalties avoided
- No double taxation on overseas investment income
- Injected capital tracked for tax-free withdrawal
- Clean corporate structure ready to raise funding
Brampton Newcomer Family – Retail Store
Problem: A family opened a convenience store within months of arriving, with no Canadian credit history, no bookkeeping system and a stack of unopened CRA letters. They had crossed the HST threshold without registering and were falling behind on filings while learning the language and the system.
Solution: We cleaned up and rebuilt their books, registered them for GST/HST from the correct date, and caught up their overdue filings. We set up simple monthly bookkeeping with receipt capture, recovered input tax credits on inventory and equipment, and applied for the family’s newcomer benefits.
Results:
- Fully caught up and CRA-compliant
- HST input tax credits recovered on startup costs
- Canada Child Benefit approved for the family
- Stress-free monthly bookkeeping in plain language
We make settling into the Canadian tax system simple and stress-free. Our transparent process keeps you informed and compliant at every stage of your first years here.
Free Consultation
We start with a no-obligation consultation to understand your arrival date, your business plans and any income or assets you have abroad.
Setup & Registration
We register or incorporate your business, open your CRA accounts, set up cloud bookkeeping and apply for your newcomer credits.
Bookkeeping & Reporting
We keep your books current, track capital brought from home, and deliver clear monthly reports you can actually understand.
Tax Filing & Compliance
We file your personal, corporate, GST/HST and foreign-reporting obligations on time, keeping you fully CRA-compliant.
Start Your Canadian Business on Solid Ground
Affordable Pricing for Newcomer Business Owners
We believe in clear, upfront pricing so you know exactly what to expect.
- 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
Meet Your Newcomer Business Accounting & Tax Team
What Our Clients Say
1300+ five-star reviews from business owners and newcomers across Ontario and Canada.
Supporting Newcomer Business Owners Across Ontario
We serve newcomer business owners across Ontario and Canada with flexible hybrid support—whether you prefer in-person guidance, remote help, or a mix of both. We keep your first Canadian filings accurate, CRA-compliant and stress-free, so you can focus on settling in and growing your business. We proudly support newcomers in Toronto, Mississauga, Brampton, North York, Etobicoke, Scarborough, Vaughan, Markham, Richmond Hill, and Ottawa. No matter where you have settled, we bring the expertise and tools to simplify your incorporation, bookkeeping, tax and foreign reporting.
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)
Newcomer Business Accounting & Tax FAQs
Related Segments We Serve
Small Businesses
- Corporate tax planning
- Business tax filing
- Payroll services
- Incorporation & Bookkeeping
Startups
- Incorporation & setup
- Business tax filing
- Bookkeeping
- Tax planning & advisory
Self-Employed & Freelancers
- T2125 self-employment filing
- Deduction & expense tracking
- GST/HST registration
- Bookkeeping & tax planning
Newcomer Business Accounting & Tax Done Right.
First-year filing, incorporation, foreign income, GST/HST and newcomer credits under one roof. AFFORDABLE flat fees, no hourly billing. Registered CPA Ontario. 1300+ five-star reviews. 30-Day Money-Back Guarantee.