Tax Accountant for Powersports Dealers in Ontario and Across Canada
We build your accounting around the counter-seasonal reality of the business: ATVs, side-by-sides and personal watercraft selling through spring and summer while snowmobiles are being ordered and stocked for autumn and winter, so two selling seasons and two inventory cycles run inside one fiscal year and the floor plan has to be planned around both peaks rather than one. We carry units held for sale as section 10 inventory at the lower of cost and fair market value rather than depreciable property, write superseded model-year units down to net realizable value so last season’s stock does not quietly overstate income, deduct floor plan interest when incurred and reconcile curtailment payments to the units on the floor, apply subsection 153(4) of the Excise Tax Act so a trade-in taken from a customer who is not a registrant is taxed on the net consideration, gross up consignment deliveries for non-registrant owners under section 177, apportion your input tax credits because finance and insurance commissions are exempt financial services under Schedule V Part VII, and record permits and registrations sold for a third party as agency commission rather than gross revenue. Whether you sell ATVs, side-by-sides, snowmobiles, personal watercraft or dirt bikes with parts, riding gear and a service department behind them, we handle the inventory accounting, the HST returns, the technician and sales payroll with WSIB and Employer Health Tax, and plan the salary, dividends and eventual sale of your company — with AFFORDABLE flat fees.
AFFORDABLE Powersports Dealer Tax Accountant
A powersports dealership sells recreation that runs on the calendar, and that is what makes the accounting different from any other dealership. Summer units — ATVs, side-by-sides and personal watercraft — move through spring and summer, while snowmobiles move through autumn and winter, so a dealer carrying both sides runs two selling seasons and two stocking cycles inside one fiscal year and is committing cash to one book of inventory while the other is still turning. Units held for sale are inventory under section 10 of the Income Tax Act at the lower of cost and fair market value, never depreciable property, so no capital cost allowance is claimed on stock, while floor plan interest is deductible when incurred, curtailment payments reduce the payable rather than expense, and the payable has to be reconciled to the units physically on the floor. Superseded model-year units are a standing write-down candidate, because carrying last season’s sleds at full cost quietly overstates income. A trade-in taken from a customer who is not a registrant is taxed on the net consideration under subsection 153(4) of the Excise Tax Act, consignment deliveries for non-registrant owners engage section 177, and the commissions you earn arranging financing and insurance are exempt financial services under Schedule V Part VII, which makes the dealership a mixed supplier that must apportion its input tax credits rather than claim them in full. At Gondaliya CPA, we specialize in unit inventory and floor plan accounting, counter-seasonal planning, HST mechanics and corporate tax planning for powersports dealers, providing AFFORDABLE flat-fee support that keeps you CRA-compliant and stops you paying more tax than you owe.
As a dealership accountant, we work with new and used ATV, side-by-side, snowmobile, personal watercraft and dirt bike operations 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 gross profit sits on each unit, each finance deal, each gear sale and each service ticket.
Let us handle the numbers so you can focus on the work that actually pays you.
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Accounting That Understands How a Powersports Dealership Actually Works
Running a powersports dealership comes with financial pressures a desk-bound business never faces. You floor plan six figures of units that have to be counted and reconciled to the lender, you stock snowmobiles while the summer floor is still turning, you watch last year’s models lose value the day the new ones land, you take trade-ins from customers who are not registrants, you sell on consignment for private owners, you earn exempt finance and insurance commission that limits your input tax credits, and you collect permit and registration money that was never yours to begin with. At Gondaliya CPA, we understand the financial reality of a two-season dealership and provide practical, trade-focused solutions across the GTA and all of Ontario.
Stay Compliant and Minimize Your Powersports Dealership Tax
For a powersports dealer, staying onside with CRA and WSIB and paying the least legal tax are the same job. We keep every HST, payroll and T2 filing on schedule while claiming every inventory, write-down, interest and capital cost allowance dollar the return allows, so nothing is missed and nothing invites a reassessment.
Accounting & Tax Experts for Powersports Dealers
- AFFORDABLE + Registered CPA Firm
- Business and Corporate Tax Expert
- Small & Medium Business Expert
- Accounting, bookkeeping, and tax filing
- CPA (Chartered Professional Accountant)
- 1450+ 5-star Google reviews
- 30-Day Money-Back Guarantee
- 60-Day Fees Matching Policy
Why Choose Our Accounting Services for Powersports Dealers?
Tax Planning — Inventory & Season Expertise
We know the trade: units carried as section 10 inventory rather than depreciable property, superseded model years written down to net realizable value, floor plan interest deducted when incurred, Class 8 shop and showroom equipment at 20% and Class 10 service and delivery vehicles at 30%. We protect the $500,000 Small Business Deduction and keep passive income under the $50,000 grind.
Consulting — Floor Plan, F&I & Department Bookkeeping
Our bookkeeping runs unit-level inventory with cost, freight and setup carried on every unit, reconciles the floor plan payable and curtailments monthly, splits exempt finance and insurance commission from taxable revenue so input tax credits can be apportioned, and separates permit commission from gross collections. We cost each department so you see the real gross profit.
CRA Representation — Inventory & HST Audit
When CRA reviews your model-year write-downs, your trade-in and consignment treatment, your input tax credit apportionment or your year-end unit inventory, we prepare the response, reconcile WSIB, and pursue relief on Form RC4288 where penalties came from a prior error.
Bookkeeping — Payroll, Seasonality & Sale
We run your technician, parts, sales and seasonal payroll with commissions, WSIB and Employer Health Tax, forecast the cash draw of each stocking cycle and the release of each selling season, 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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Powersports Dealer Clients
Powersports Dealer Tax and Accounting Services in Ontario
Corporate Tax Filing (T2) for Powersports Dealers
Professional T2 preparation with Schedule 125 revenue by department, section 10 inventory on the units you hold, floor plan interest, Schedule 8 capital cost allowance on shop and service assets, and CRA compliance on every line.
Bookkeeping & Accounting for Powersports Dealers
Unit inventory, floor plan, deal jacket, work order and gear counter bookkeeping with financial statements, clean records, and monthly reporting built for a two-season dealership.
Payroll Services for Powersports Dealers
Technician, parts counter, sales and seasonal payroll with commissions, WSIB, PD7A remittances, T4s and Employer Health Tax once payroll passes $1 million.
GST/HST Filing for Powersports Dealers
AFFORDABLE HST filing at 13% on units, parts, riding gear and service, with trade-in treatment under subsection 153(4), section 177 consignment rules and apportioned input tax credits.
Tax Planning for Powersports Dealers
Smart tax planning to protect the Small Business Deduction, time equipment purchases and model-year write-downs, defer extended warranty income under a 20(1)(m) reserve, and plan salary, dividends and sale.
Corporate Catch-Up Filing for Powersports Dealers
File overdue T2 and HST years, rebuild missing unit inventory, floor plan and commission records, and get back into CRA compliance with accurate catch-up support.
CRA Audit Resolution for Powersports Dealers
Expert support for inventory, write-down, trade-in, consignment and input tax credit apportionment audits, handled with confidence straight from your dealer management system.
CPA Financial Statements (Notice to Reader) for Powersports Dealers
CPA-compiled financial statements that banks and floor plan lenders accept for your powersports dealership corporation.
Incorporation Services for Powersports Dealers
Full incorporation including NUANS, articles, share structure, and the section 85 rollover of unit inventory, shop equipment and goodwill from your unincorporated dealership.
Catch-Up Bookkeeping Services for Powersports Dealers
We rebuild months of missing deal, floor plan, service, gear and commission records so your dealership books are current and CRA-ready.
US Corporation & LLC Tax Filing for Powersports Dealers
Cross-border filing for dealers sourcing units from American manufacturers or selling to US buyers, covering 1120 and treaty-based 1120-F returns, Form 5472 and state obligations.
Voluntary Disclosure Program for Powersports Dealers
We file a VDP disclosure to correct unreported deliveries, mis-charged trade-in tax or unfiled T2 years before CRA contacts you, cancelling penalties and reducing interest.
Accounting & Tax Services Tailored for Powersports Dealers
Real, practitioner-level CPA expertise for new and used ATV, side-by-side, snowmobile, personal watercraft and dirt bike dealerships across Ontario — built for how a two-season dealership actually runs.
- We prepare your T2 with GIFI on Schedule 100 and Schedule 125, splitting summer unit sales, snowmobile sales, parts, riding gear and service labour in QuickBooks Online so CRA matching never flags the file; correct coding reversed a $19,000 assessment.
- Units held for sale are inventory under section 10 of the Income Tax Act at the lower of cost and fair market value, never depreciable property, so no capital cost allowance is claimed on stock; one correction removed $46,000 of improper depreciation.
- Floor plan interest on your inventory line is deductible when incurred, so we reconcile the floor plan payable to the units physically on the floor each month; one reconciliation exposed $27,000 of interest charged on units already delivered.
- We claim capital cost allowance on Schedule 8 for Class 8 shop and showroom equipment at 20%, Class 10 service and delivery vehicles at 30%, Class 13 leasehold and the Class 1 building; one $120,000 equipment purchase claimed $12,000 in its first year.
- Manufacturer holdbacks, rebates and co-op advertising credits are income under paragraph 12(1)(x) in the period earned rather than when the credit note lands, so we schedule them by program; one timing fix moved $34,000 into the correct year.
- We post summer unit deliveries, snowmobile sales, parts, riding gear, service tickets and floor plan draws to the right accounts in QuickBooks Online, giving the six years of records section 230 requires; one cleanup surfaced $23,000 of unbilled service work.
- We run unit-level inventory in Lightspeed DMS tied to QuickBooks so every ATV, side-by-side and sled carries its own cost, freight and setup until it sells; one reconciled count corrected a $38,000 overstatement of cost of goods.
- We separate exempt finance and insurance commission income from taxable unit, parts and service revenue in Xero, because Schedule V Part VII treatment drives how much of your input tax credits you may claim; one split rebuilt $190,000 of exempt commission.
- We book prepaid off-season storage and pre-season deposits to deferred revenue rather than sales on receipt, releasing them across the months covered in QuickBooks; on one dealership this moved $95,000 out of a single billing month and fixed every interim statement.
- We reconcile the floor plan payable, curtailment payments and interest to the units on the floor every month in Dext and QuickBooks, because a unit sold out of trust is invisible in a spreadsheet; one review found $52,000 unremitted.
- We set up technician, parts counter, sales and seasonal payroll in Wagepoint, withholding income tax, CPP and EI and remitting on the PD7A by the 15th, because CRA’s late-remittance penalty reaches 10% of the amount owing.
- We calculate sales commissions and finance-office bonuses from delivered units each pay period in Xero, report them on the T4 and withhold correctly, because a commission earned in July but paid in August is taxable when paid; one fix corrected $7,400.
- We register WSIB coverage in the correct rate group before your first technician or yard hand starts and reconcile premiums in Wagepoint to the T4 Summary; one registration avoided a $13,000 back-assessment reaching two seasons into the past.
- We prepare and file T4 and T4 Summary information returns from your Wagepoint records by the last day of February, avoiding the penalty CRA applies for each information return filed late; on one dealership with 28 seasonal and full-time staff that exposure reached $2,800.
- We manage Ontario Employer Health Tax once annual payroll passes the $1,000,000 exemption, file the annual return by March 15 and reconcile it to the PD7A, because two hiring peaks push seasonal payroll over the line; one file caught $4,600 unremitted.
- Unit, parts, riding gear and service labour sales are taxable at 13%, so we set QuickBooks to charge HST on every delivery and claim input tax credits on taxable purchases, freight, rent and shop supplies; one review recovered $18,400 of missed credits.
- Where a customer trades a used unit in and is not a registrant, subsection 153(4) of the Excise Tax Act taxes only the net consideration after the trade credit; one dealership had charged tax on the gross price, over-remitting $21,000.
- On consignment sales for an owner who is not a registrant, section 177 of the Excise Tax Act generally deems you to have made the supply, so tax applies to the full selling price rather than your commission; one correction cleared $16,700.
- Commissions for arranging financing and insurance are exempt financial services under Schedule V Part VII, which makes the dealership a mixed supplier, so we build a fair and reasonable apportionment; one method covered $190,000 of exempt commission and survived review.
- Permits and registrations you sell on behalf of a third party are an agency arrangement, so only your commission is revenue and the gross amount collected is not; one restatement moved $60,000 out of reported sales.
- We set the salary-versus-dividend mix, paying enough T4 salary to build RRSP room while the balance flows as dividends, so combined tax stays near the 11.2% (from July 1, 2026) Ontario small-business rate under section 125; on one owner this deferred $26,000.
- We keep active income under the $500,000 Small Business Deduction limit and hold passive investment income below the $50,000 threshold where the section 125 grind begins, tracking surplus cash between the two seasons; one plan preserved $31,000 of savings.
- Superseded model-year units are the standing write-down candidate, so we test each unit against net realizable value at year-end and support the adjustment with evidence; on one dealership this wrote down $85,000 of prior model-year sleds.
- Extended warranty and prepaid service contracts are income under paragraph 12(1)(a) when received, so we claim the paragraph 20(1)(m) reserve for the unexpired term and release it as coverage runs; one plan deferred $72,000 into later years.
- We plan at least two years ahead so your shares qualify for the $1.275M Lifetime Capital Gains Exemption under section 110.6 claimed on Form T657, purifying the company of non-active assets before a sale; one purification protected $340,000 of gain.
- We reconstruct unit deliveries, parts and service revenue and floor plan activity from bank deposits, lender statements and deal jackets where no bookkeeping exists across your unfiled T2 years; one rebuild cut a $58,000 arbitrary assessment.
- Late filing costs 5% of the balance owing plus 1% per month up to twelve months under subsection 162(1), so we file your oldest unfiled T2 first to stop the penalty compounding; on one dealership this limited penalties to $8,300.
- We file the missing HST returns and reconcile the 13% charged on units, parts, gear and service against what was remitted, apportioning input tax credits for the exempt finance and insurance commission earned; one catch-up cleared a $17,900 shortfall.
- We rebuild closing inventory for each unfiled year under section 10 from purchase orders, lender curtailment schedules and physical counts, so every year’s cost of goods is defensible; on one file this corrected $71,000 of overstated deductions.
- We rebuild the undepreciated capital cost pools across the unfiled years so missed allowance on the Class 1 building, Class 8 shop equipment and Class 10 service and delivery vehicles is recovered on Schedule 8; one rebuild restored $24,000.
- When CRA opens an audit we manage the file and answer the section 10 inventory and cost-of-goods queries inside the deadlines from Lightspeed DMS and QuickBooks, so a one-year review does not expand into three; one file contained $42,000 of exposure.
- When an auditor challenges your input tax credit recovery, we produce the apportionment method that splits credits between taxable unit, parts and service revenue and exempt finance and insurance commission under Schedule V Part VII; one method defended $190,000 of commission.
- We defend the write-downs CRA questions on superseded model-year units, producing dated market evidence, aging reports and the net realizable value support section 10 requires; on one review this held $85,000 of write-downs the auditor proposed to reverse.
- We answer HST audits on trade-in credits, consignment deliveries and agency permit sales with deal jackets, ownership transfers and the section 177 records the Excise Tax Act expects; on one review this protected $36,000 of proposed adjustments.
- We file the Notice of Objection on Form T400A within 90 days of a reassessment under subsection 165(1) and pursue taxpayer relief on Form RC4288 where a prior accountant’s error caused penalties; on one dealership this cancelled $9,200.
- We prepare the CSRS 4200 compilation engagement financial statements a floor plan lender requires across two fiscal years, tied to the T2, before renewing the inventory facility secured on the units sitting on your showroom floor.
- Your compiled statement of financial position presents section 10 inventory at the lower of cost and fair market value, the floor plan payable, deferred warranty revenue and Class 8 shop equipment at net book value; one file unlocked $260,000 of financing.
- We build the statement of operations with summer unit, snowmobile, parts, gear and service revenue and exempt commission classified consistently across two years and tied to Schedule 125, so the lender approves the facility; one set supported a $145,000 line.
- The CSRS 4200 communication discloses that no audit or review was performed, and without it a lender will not advance the working-capital loan a two-season operation needs to carry stock between peaks; one report unlocked $120,000.
- We deliver the compiled statements within 30 days of receiving your records and T2 figures, because a lender’s conditional offer expires and pre-season ordering stops with it; on one deal timely delivery saved a $480,000 pre-season order.
- We incorporate under the Ontario Business Corporations Act, giving you limited liability, a defined share structure and the 11.2% small-business rate on the first $500,000 of active income under section 125; on one owner this saved about $27,000 in year one.
- We complete the section 85 rollover on Form T2057, transferring unit inventory, shop equipment, service vehicles and goodwill into the corporation at elected amounts, deferring gain and recapture; on one dealership this deferred $78,000 of tax.
- We open the corporation’s Business Number, HST and payroll accounts within the first 30 days and close the old registrations, so the same delivery is never reported twice; one setup prevented a $6,100 double-remittance.
- You must register for HST once taxable sales pass $30,000, which a single side-by-side delivery clears, so we register on time and set the filing frequency in QuickBooks; one late registration would have cost $12,400 of unrecoverable tax.
- We structure the share classes and set the first fiscal year-end between the two selling peaks rather than mid-season, so dividends split among family shareholders and the first T2 balance-due date lands in a cash-rich month; one dealership freed $23,000.
- We rebuild unreconciled unit, parts and service revenue from deal jackets, work orders and bank deposits in QuickBooks Online, restoring the section 230 record trail; on one dealership this recovered $26,000 of unrecorded deposits across two seasons.
- We reconstruct the unit inventory nobody tracked, running a physical count of the showroom and yard and rolling it back through purchases and deliveries in Lightspeed DMS so each year’s section 10 cost of goods holds; one rebuild corrected $33,000.
- We separate the exempt finance and insurance commission that was posted to sales, rebuild the input tax credit apportionment for every missed period, and file the corrections; on one file this repaid $19,600 of credits claimed in full.
- We rebuild permit and registration sales that were booked gross to revenue, restating them as agency commission so only what you actually earn appears in sales; on one dealership this removed $60,000 of overstated revenue from two reporting years.
- We catch up technician and sales payroll postings and reconcile the PD7A remittances, WSIB premiums, commissions and T4 wages that fell behind in Wagepoint, so the Employer Health Tax return is right; one cleanup recovered $4,300 of over-remitted premiums.
- We file the US Form 1120-F return your company needs when sourcing units from American manufacturers or selling to US buyers creates a US trade or business, claiming protection under the Canada-US treaty; one filing defended $52,000 of profit.
- Where you own a US subsidiary that files Form 1120, we prepare Form 5472 for every reportable transaction with the Canadian parent, because a missed information return carries a $25,000 penalty per year; one late filing was abated in full.
- We file the Form 8833 treaty-based disclosure and claim foreign tax credits on your Canadian T2 for US tax actually paid, so profit on cross-border unit sales is not taxed twice; one claim recovered $9,800 of Canadian tax.
- We resolve the hybrid-entity mismatch that arises when a US LLC is transparent to the IRS but a corporation to CRA, reconciling its pass-through income to your T2 so neither authority denies relief; one fix avoided $14,000 of double tax.
- We manage state income and sales tax obligations where you keep a US storefront, a leased yard or a commissioned sales agent, registering only where a real physical or economic nexus exists; one review closed $7,600 of exposure.
- We file your Voluntary Disclosures Program application on Form RC199 under subsection 220(3.1) before CRA contacts you, because a disclosure accepted under the general program cancels penalties in full and grants 50% interest relief; on one dealership this waived $14,200.
- We disclose HST never charged correctly on trade-in and consignment deliveries, presenting corrected subsection 153(4) and section 177 computations for every affected period; one submission regularized $96,000 of tax without gross-negligence penalties being applied.
- We correct input tax credits claimed in full while exempt finance and insurance commission was being earned, reconciling the apportionment through the disclosure so you regularize without the wilful-default penalties CRA would otherwise apply; one file settled $22,000 cleanly.
- We fold prior-year section 10 errors, depreciation wrongly claimed on units held for sale and permit revenue reported gross into the submission, so the correction is complete and CRA cannot reopen the accepted years; one disclosure covered $110,000.
- We confirm your disclosure is voluntary, complete and at least one year overdue as the program requires, filing before any audit letter arrives, because a dealership that comes forward after CRA makes contact loses all relief; timely filing saved $11,300.
Powersports Dealer Tax & Season Check
Six quick questions on your two selling seasons, model-year write-downs, trade-in treatment, input tax credit apportionment, agency permit sales and whether it is time to incorporate. No fee shown.
1. Are your two selling seasons planned and stocked as separate inventory cycles?
2. Are superseded model-year units tested against net realizable value and written down?
3. Is HST on a trade-in taken from a non-registrant charged on the net consideration?
4. Are your input tax credits apportioned because finance and insurance commissions are exempt?
5. Are permits and registrations sold for a third party recorded as agency commission?
6. Is your powersports dealership incorporated?
Free CPA Consultation for Powersports Dealers
Case Studies: Powersports Dealer Accounting & Tax
Barrie Powersports Dealership — Model-Year Write-Downs & Trade-In HST
The problem: A Barrie dealership carrying both summer units and snowmobiles was holding three model years of sleds on the books at original cost, with no year-end test against net realizable value, while charging 13% HST on the full advertised price of every deal that included a trade-in taken from a private customer. Income was overstated in two filed years and tax had been over-remitted on dozens of deliveries.
What we did: We aged the unit inventory by model year, wrote the superseded sleds down to net realizable value with dated market evidence under section 10, rebuilt the trade-in analysis on the net consideration basis subsection 153(4) of the Excise Tax Act requires, and filed adjusted HST and T2 returns for every affected period, then set up a year-end model-year aging routine so the same test runs every year.
The result:
- $85,000 of prior model-year sleds written down
- Trade-in tax recalculated on net consideration
- Adjusted returns filed before CRA made contact
Sudbury-Area Dealer Served From Ottawa — ITC Apportionment & Agency Sales
The problem: A Sudbury-area dealer we serve from our Ottawa office was claiming 100% of its input tax credits while the finance office earned substantial exempt commission for arranging financing and insurance, and every trail permit and registration sold on behalf of a third party had been recorded as gross revenue. Two filed years were exposed, and reported sales were materially overstated in both the financial statements and the HST returns.
What we did: We built a fair and reasonable input tax credit apportionment method supported by revenue ratios, documented the Schedule V Part VII treatment of the commission income, read the issuer agreements and restated the permit sales as agency commission, then refiled the affected HST returns and corrected the financial statements, documenting the method in writing so every later period stands on the same basis.
The result:
- $190,000 of exempt commission properly apportioned
- $60,000 restated from gross sales to agency commission
- Live assessment exposure closed on both issues
Kitchener Powersports Sales & Service Centre — Two Seasons, One Revenue Line
The problem: A Kitchener sales and service centre ran summer units and snowmobiles through a single revenue account, so nobody could see which season actually made money. The floor plan payable had never been reconciled to the units on the floor, off-season storage and riding gear were buried inside unit sales, and interim statements were effectively meaningless to the owner, to the lender and to anyone trying to price the next pre-season order.
What we did: We split the two selling seasons into separate departments alongside parts, gear and service, reconciled the floor plan payable and curtailment payments to the units on the floor every month, moved storage into deferred revenue, and set up model-year inventory aging in QuickBooks tied to the dealer management system, then rebuilt the prior twelve months so the comparatives are usable.
The result:
- Both selling seasons costed and reported separately
- Floor plan reconciled to units on the floor monthly
- Clean, audit-ready books the lender accepts
Our clear, efficient process ensures every step is transparent, building trust and long-term client relationships.
Kickoff (Document Request)
Collect prior T2 returns, unit inventory and floor plan statements, deal jackets and trade-in records, HST returns, warranty and storage billings, permit remittance reports, lease and equipment lists, payroll and commission records, and bank statements.
First 30 Days (Cleanup & Setup)
Set up QuickBooks Online or Xero alongside your dealer management system, build the unit inventory and floor plan reconciliation, split the two selling seasons into departments, set the input tax credit apportionment method, code HST, and configure payroll, commissions and WSIB.
Monthly Close
Monthly reconciliations, receipt capture, gross profit by department and by season, floor plan tied to the units on the floor, HST on taxable sales with apportioned credits, and deferred warranty and storage revenue.
Quarterly Planning Review
Salary and dividend mix, HST review, model-year write-downs and warranty reserves, passive-income position, and shop, showroom and service vehicle purchase timing ahead of each stocking cycle.
Year-End Close & T2 Filing
Reconciled unit count by model year, trial balance, financial statements with section 10 inventory and deferred revenue, T2 with GIFI, and CRA preparation.
Get Your Powersports Dealership Taxes Done Right Today
Affordable Pricing for Powersports Dealers
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 Powersports Dealer Accountant
Meet your lead powersports dealer accountant. As your dealership and corporate tax adviser, you deal with the same two people every year.
What Our Clients Say
1450+ five-star reviews from powersports dealership and recreation business owners across Ontario and Canada.
Serving Powersports Dealers Across Ontario
Our CPA team provides specialized accounting and tax solutions for powersports dealerships throughout Ontario. We understand how section 10 unit inventory, floor plan interest and curtailments, superseded model-year write-downs, trade-in and consignment HST, exempt finance and insurance commission and agency permit sales actually flow through a two-season dealership, what CRA looks at on a dealer file, and how to put your stock, income and assets in the right place.
Toronto (ON)
55 Queen St E Ste 1205, Toronto, ON M5C 1R6, Canada
+1 (647) 212-9559
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Mississauga (ON)
2100 Camilla Rd #716, Mississauga, ON, Canada
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Brampton (ON)
4 Starhill Crescent, Brampton, ON L6R 2P9, Canada
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Scarborough (ON)
24 Clementine Square, Scarborough, ON M1G 2V7, Canada
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Vaughan (ON)
19 Cabinet Crescent, Woodbridge, ON L4L 6H9, Canada
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Oshawa (ON)
210 Durham St, Oshawa, ON L1J 5R3, Canada
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Ottawa (ON)
2090 Neepawa Ave a314, Ottawa, ON K2A 3L6, Canada
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Etobicoke (ON)
60 Stevenson Rd #1601, Etobicoke, ON M9V 2B4, Canada
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Hamilton (ON)
70 Starling Dr, Hamilton, ON L9A 0C5, Canada
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Guelph (ON)
1155 Gordon St, Guelph, ON N1L 1S8, Canada
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Windsor (ON)
4387 Guppy Ct, Windsor, ON N9G 2N8, Canada
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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)
Powersports Dealer Accounting & Tax FAQs
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Powersports Dealer Accounting & Tax Done Right.
T2 filing, units carried as section 10 inventory with floor plan interest, curtailments and a reconciled payable, two selling seasons and two stocking cycles planned separately, superseded model-year units written down to net realizable value, trade-ins under subsection 153(4), consignment deliveries under section 177, apportioned input tax credits against exempt finance and insurance commission, permits and registrations reported as agency commission, extended warranties deferred under a paragraph 20(1)(m) reserve, and technician and sales payroll with WSIB and EHT under one roof. AFFORDABLE flat fees, no hourly billing. Licensed CPA Ontario. 1450+ five-star reviews. 30-Day Money-Back Guarantee.