Tax Accountant for Product Design Studios in Ontario and Across Canada
You are paid project fees, and what you hand over is intellectual property that can be worth many times the fee. That single fact drives everything on your return. Your revenue is earned across discovery, concept, industrial design, prototyping, design-for-manufacture and production support rather than at a milestone invoice, so unbilled work at year-end is income — and the ITA section 34 work-in-progress election covers only the professions that section names, which are accountant, dentist, lawyer, medical doctor, veterinarian and chiropractor. Designers have never been on that list. Deposits and mobilisation payments go into income under ITA paragraph 12(1)(a) and are reserved out under ITA paragraph 20(1)(m) to the extent the work is not yet done. Whether you assigned everything or retained rights and licensed them back is the engagement contract’s answer, never ours to assume, and it changes revenue character, the balance sheet and what a buyer of your studio is paying for. We review every supply to a non-resident client against Part V of Schedule VI on its own evidence, apply ETA section 178 and ETA section 138 invoice by invoice to recharged tooling and bundled fees, and raise ETA Division IV self-assessment on your non-resident CAD and rendering spend as the live question it is. Whether you run an industrial design practice, a product development consultancy or a studio with its own model shop, we handle the phases, the rights and the royalties — with AFFORDABLE flat fees.
AFFORDABLE Product Design Studio Tax Accountant
A product design studio gets two things wrong before it gets anything else right, and both of them come from the fact that your work becomes somebody else’s product. The first is timing. A project runs through discovery, concept, industrial design, prototyping, design-for-manufacture and production support, billed by phase, by milestone or on a fixed fee, and the effort almost never matches the billing schedule. Work already done at year-end is income whether or not an invoice has gone out, and the work-in-progress election in ITA section 34 is restricted to the professions that section lists. Pulling in the other direction, a mobilisation payment collected before a project starts belongs in income under ITA paragraph 12(1)(a) and is then reserved out under ITA paragraph 20(1)(m) to the extent the work is not yet done. Most studios we inherit have both errors on the same trial balance. The second thing is what you kept. Assignment of design rights, background against foreground intellectual property, licence-back, and a royalty or success participation instead of a fee are all live possibilities. Where you assigned everything, you sold a service; where you retained rights and licensed them, you built an asset. At Gondaliya CPA, we specialize in phase revenue, retained-rights accounting and prototyping cost of sales for design studios, providing AFFORDABLE flat-fee support that keeps you CRA-compliant and stops you paying more tax than you owe.
As a product design studios accountant, we work with industrial design practices, product development consultancies, model and prototyping shops and digital product studios across Ontario, with year-round support rather than a once-a-year scramble. We tell you what each phase actually earned, how much of your banked cash is work you still owe, where your recharges and your export claims sit, and what your rights and royalty streams are worth on a balance sheet.
Let us handle the numbers so you can focus on the design and the next launch.
Our Official Partners
Accounting That Understands How a Product Design Studio Actually Works
Designing somebody else’s product is not selling your own. Your revenue is earned across phases rather than at an invoice, the deliverable is intellectual property whose ownership the contract decides, a royalty arrives years after the cost that produced it or never arrives at all, and a service business quietly grows a real cost of sales out of materials, machining and tooling. At Gondaliya CPA, we understand that reality and provide practical, industry-focused solutions across Ontario.
Stay Compliant and Minimize Your Product Design Studio Tax
For a design studio, staying onside with CRA and paying the least legal tax are the same job. We keep every filing on schedule while claiming every design, prototyping, software and contractor dollar the T2 allows, so nothing is missed and nothing invites a reassessment.
Accounting & Tax Experts for Product Design Studios
- 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 Product Design Studios?
Tax Planning — Phases & Pools
We recognise unbilled work and reserve deposits properly, split Class 8 shop equipment from Class 50 workstations and Class 12 CAD licences, and protect the $500,000 Small Business Deduction.
Consulting — Project Costing & Royalties
Our bookkeeping costs each phase against the fee it produced, tracks prototyping cost of sales and recharges, and shows what a royalty stream is actually worth once it is earned.
CRA Representation — Exports & Contractors
When CRA challenges an export claim, a recharge or the subcontract line, we prepare the response and pursue relief on Form RC4288 where a prior error caused the penalties.
Bookkeeping — Cash Flow & Sale
We build the cash flow that carries payroll and prototyping between milestones, produce the statements your lender reads, and model the sale of the studio years ahead.
Google Reviews
Product Design Studio Clients
Product Design Studio Tax and Accounting Services in Ontario
Corporate Tax Filing (T2) for Product Design Studios
Professional T2 preparation with unbilled work recognised, deposits reserved under ITA paragraph 20(1)(m), shop equipment in Class 8, workstations in Class 50, and CRA compliance on every line.
Bookkeeping & Accounting for Product Design Studios
Books built by project and by phase, with prototyping cost of sales, recharges, client deposits and royalty income each carried on their own account rather than one studio total.
Payroll Services for Product Design Studios
Designer, modeller and engineer payments handled properly, with PD7A remittances, T4 and T4A slips filed on time and classification tested against Form RC4110.
GST/HST Filing for Product Design Studios
AFFORDABLE HST filing with every supply to a non-resident reviewed against Part V of Schedule VI, recharges tested under ETA section 178, and Division IV raised on imported supplies.
Tax Planning for Product Design Studios
Smart tax planning on project timing against your year-end, shop and software purchases across Class 8, Class 50 and Class 12, the Small Business Deduction, and the exit structure.
Corporate Catch-Up Filing for Product Design Studios
File overdue T2 and HST years, rebuild the work-in-progress, deposit and capital pool positions you never had, and get back into CRA compliance with accurate catch-up support.
CRA Audit Resolution for Product Design Studios
Expert support on export claim, recharge and contractor classification audits, handled with confidence from the first letter.
CPA Financial Statements (Notice to Reader) for Product Design Studios
CPA-compiled financial statements that lenders accept, stating unbilled work and client deposits separately and any retained rights apart from the shop equipment.
Incorporation Services for Product Design Studios
Full incorporation including NUANS, articles, share structure, and the section 85 rollover of your client relationships, shop equipment and whatever rights you hold into the company.
Catch-Up Bookkeeping Services for Product Design Studios
Months or years of project files, fabrication receipts, supplier invoices and royalty statements reconstructed and reconciled, so your revenue figure is finally accurate.
US Corporation & LLC Tax Filing for Product Design Studios
Cross-border filing where clients, contractors, owners or shareholders sit outside Canada, covering withholding, T106, T1134, NR4 reporting and T1135 obligations.
Voluntary Disclosure Program for Product Design Studios
Come forward on unfiled T4A slips, deposits recognised too early or export claims never documented before CRA calls, cancelling penalties through a Voluntary Disclosures Program application.
Accounting & Tax Services Tailored for Product Design Studios
Real, practitioner-level CPA expertise for industrial design practices, product development consultancies, model and prototyping shops and digital product studios across Ontario — built for a business whose work becomes somebody else’s product.
- We prepare your T2 with GIFI on Schedule 100 and Schedule 125, separating discovery and concept fees, industrial design fees, prototyping recharges, production support retainers and royalty income onto their correct lines so CRA’s matching reads your return properly.
- We recognise unbilled work at year-end rather than waiting for the next milestone invoice, because effort on a design phase rarely matches the billing schedule and the work already done is income whether or not it has been invoiced.
- The ITA section 34 work-in-progress election covers only the professions that section names, which are accountant, dentist, lawyer, medical doctor, veterinarian and chiropractor, so we never build a design studio return on an election designers have never been entitled to.
- We include deposits and mobilisation payments in income under ITA paragraph 12(1)(a) and then reserve them out under ITA paragraph 20(1)(m) to the extent the work is not yet done, which is the pair most studios run past entirely.
- We claim capital cost allowance on Schedule 8 with 3D printers, CNC machines and shop equipment in Class 8 at 20%, workstations and render nodes in Class 50 at 55%, and CAD licences in Class 12 at 100%.
- We build your books by project and by phase, so discovery, concept, industrial design, prototyping, design-for-manufacture and production support each carry their own revenue and their own cost rather than collapsing into one studio total.
- We carry unbilled work in progress and client deposits as separate balances every month, because a studio with cash from a mobilisation payment and three phases still to deliver does not own that money yet.
- We track prototyping materials, machining, 3D printing, tooling, short-run fabrication and sample shipping as a real cost of sales, matched to the project that consumed them and to whatever was recharged to the client.
- We record royalty and success-based revenue when it is actually earned rather than when it is hoped for, because a receivable that depends entirely on somebody else’s unit sales is not a receivable until those sales happen.
- We capture software, fabrication, courier and contractor invoices through Dext and reconcile monthly in QuickBooks Online or Xero, keeping the six years of records ITA section 230 requires and making sure no recoverable input tax credit is lost.
- We test your contract CAD modellers, surfacing specialists, mechanical engineers and freelance designers against the Form RC4110 factors, because a large subcontract line with no analysis behind it is the first thing a payroll auditor pulls.
- We file T4A slips on the contractors who are genuinely contractors, so the modelling, rendering and engineering payments you deducted are reported the way CRA expects instead of sitting inside an unsupported subcontract total.
- We run staff payroll with income tax, CPP and EI withheld and remitted on the PD7A by the 15th of the following month, and we register you with WSIB from your very first hire.
- Where a designer or engineer is a non-resident performing services in Canada, we address Regulation 105 withholding and the T4A-NR or NR4 reporting that follows, rather than paying the invoice as though the border made no difference.
- We file your T4 slips and T4 Summary by the last day of February, reconcile them to the PD7A remittances made, and monitor Ontario payroll against the $1,000,000 Employer Health Tax exemption.
- We review each supply to a non-resident client against Part V of Schedule VI of the Excise Tax Act on its own evidence, because a foreign billing address on its own has never decided whether a supply is zero-rated.
- Where a supply is zero-rated, no tax is charged but full input tax credits still follow, so an export-heavy studio can sit in a recurring refund position instead of absorbing tax on everything behind the work.
- On recharged tooling, materials and courier cost we apply ETA section 178 invoice by invoice against the agreement, because a reimbursement is part of the consideration for your own supply except to the extent you incurred it as agent.
- Where design, prototyping and production support are bundled for a single consideration, we work through ETA section 138 on the actual agreement rather than concluding from the invoice format that the fee is one supply or several.
- We raise ETA Division IV self-assessment on imported taxable supplies as a live question on your non-resident CAD, rendering and tooling spend, because no Canadian tax on a foreign invoice is not the end of the analysis.
- We time shop and software purchases against your fiscal year-end, weighing the 55% Class 50 rate on workstations and render nodes against the 20% Class 8 rate on 3D printers and fabrication equipment.
- 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 instead of 53.53%.
- We keep active income under the $500,000 Small Business Deduction limit using ITA section 125, and we flag the personal services business test in ITA subsection 125(7) where a studio’s work has narrowed to a single client.
- Where equity or options form part of how your team is paid, we work through ITA section 7 with the deduction in paragraph 110(1)(d), the CCPC alternative in 110(1)(d.1) and the deferral in subsection 7(1.1) against the plan’s own terms.
- We plan at least two years ahead so your shares qualify for the $1.25M Lifetime Capital Gains Exemption under ITA 110.6, purifying retained cash that would otherwise fail the active-business asset test on a sale.
- We reconstruct phase fees, retainers, prototyping recharges and royalty receipts from your project records, invoices, processor statements and bank deposits across every unfiled year, rebuilding the six years of records ITA section 230 requires.
- 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.
- We rebuild the unbilled work and deposit positions year by year, because a catch-up filing that followed the milestone invoices has income in the wrong years in both directions and no reserve under ITA paragraph 20(1)(m) anywhere.
- We rebuild the capital pools across the missing years and move shop equipment, workstations and CAD licences into Class 8, Class 50 and Class 12 where they belong, recovering deduction understated in every year it ran.
- 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 roughly 50% interest relief on the older years.
- When CRA tests your revenue against bank deposits, we produce the project-by-phase reconciliation, the unbilled work schedule and the ITA paragraph 20(1)(m) reserve, because a mobilisation payment in the account is not income already earned.
- When CRA questions a zero-rated export claim, we assemble the contracts, the recipient evidence and the supply-by-supply Part V of Schedule VI analysis, because an export position with nothing documented behind it is what draws the reassessment.
- When CRA challenges a recharge, we produce the engagement agreement and the ETA section 178 and section 138 analysis for the specific invoices in issue, rather than defending a studio-wide habit nobody ever wrote down.
- When CRA challenges the subcontract line, we produce the agreements, the invoices and the Form RC4110 analysis for each modeller, renderer and engineer, because that line is where a design studio audit almost always begins.
- We file the Notice of Objection within 90 days of a reassessment and pursue taxpayer relief on Form RC4288, cancelling penalties and interest a prior accountant’s error caused, and protecting your Tax Court rights in the meantime.
- We prepare the CSRS 4200 compilation engagement financial statements a lender requires across two fiscal years, for the operating line that funds payroll and prototyping in the weeks between one milestone payment and the next.
- Your compiled statement of financial position shows unbilled work in progress and client deposits as the separate balances they are, so a lender can see which part of the cash is yours and which part is still owed in work.
- We separate royalty and success-based receivables from ordinary fee receivables, because a balance that depends on a licensee’s future unit sales is read by a lender on completely different evidence from an invoice already issued.
- We state any rights the studio has retained and any acquired intangibles separately from the shop equipment, because a buyer or a lender values a rights portfolio on evidence that has nothing to do with a CNC machine.
- We deliver the compiled statements within 30 days of receiving your records and the year’s T2 figures, because a financing decision taken ahead of a production commitment does not wait for a slow accountant to catch up.
- We incorporate your studio under the Ontario Business Corporations Act, giving you limited liability on the promises your proposals make and roughly the 12.2% Ontario small-business rate on active income against 53.53% personally.
- We complete the section 85 rollover on Form T2057, transferring your existing client relationships, shop equipment, workstations and whatever rights you hold into the corporation at elected amounts, deferring the gain a straight sale would trigger.
- We set the opening Class 8, Class 50, Class 12, Class 13 and Class 14.1 schedules from the rollover, so the corporation starts with an asset base that is correct rather than rebuilt from memory years later.
- We open the corporation’s CRA Business Number with its RT and RP accounts within the first 30 days and move the client contracts and supplier accounts across, so the fees land in the entity that has to report them.
- We set the chart of accounts with phase revenue, unbilled work, client deposits, recharged prototyping cost and royalty income built in from the first engagement, so the records accumulate correctly rather than being rebuilt later.
- We rebuild months or years of neglected books from project files, issued invoices, supplier statements, fabrication receipts and bank records, so a studio that ran four engagements without any bookkeeping finally gets a ledger that ties.
- We separate phase fees, retainers, recharged prototyping cost and royalty receipts across the whole backlog, which is the single correction that turns a bank-statement total into revenue you can actually read by project.
- We rebuild the equipment and software schedule from purchase invoices and split it across Class 8, Class 50 and Class 12, which is almost always pooled incorrectly when we inherit a design studio file from another firm.
- We recover the input tax credits buried in unentered software, fabrication, courier and equipment invoices wherever the supply they relate to carries them, because two years of unposted purchases can hide five figures of credits.
- We reconstruct the unbilled work and client deposit balances at each year-end across the caught-up months, so an accurate T2 can be filed without guessing how much of the banked cash was work still to be done.
- On projects for clients outside Canada we review the place of supply and export rules against what was actually supplied and to whom, rather than treating a foreign billing address as an automatic answer in either direction.
- We name United States state sales tax on design services and foreign consumption taxes such as EU and UK VAT as live questions for local advisers, and we assert no state, threshold, rate or registration conclusion.
- Where you deal with a non-arm’s length non-resident, we address ITA section 247 transfer pricing with contemporaneous documentation and file Form T106, without asserting any method, margin or outcome before the facts have been assembled.
- We file Form T1134 where a foreign affiliate exists and Form T1135 where the owners’ foreign property costs more than $100,000, avoiding a penalty regime CRA applies whether or not any tax was actually owing.
- Where a non-resident holds shares in your studio, we handle the Part XIII withholding on dividends paid out of Canada and the NR4 reporting that follows, and we coordinate the Canadian and United States returns for a US-citizen shareholder.
- We bring your company forward on modeller, renderer and engineer payments made for years with no T4A slips filed, because the per-slip penalties and the classification exposure both sit behind that one subcontract line.
- We disclose export supplies treated as zero-rated with no evidence ever assembled, correcting the net tax before a reviewer finds the same gap and assesses penalties and interest on several filing periods at once.
- We file your submission on Form RC199 with a full reconstruction from project records, invoices and bank statements, so a studio that outgrew its bookkeeping is not left facing an arbitrary CRA assessment it cannot answer.
- We correct deposits taken into income entirely on receipt with no reserve for work still to be done, which is a quiet and cumulative error on a studio that signs in November and delivers through to the spring.
- We confirm your disclosure is genuinely voluntary before CRA contacts you — the single condition that makes it valid — and secure the roughly 50% interest relief on the older years, turning a prosecution risk into a managed correction.
Product Design Studio Tax & Revenue Check
Six quick questions on your unbilled work, your project deposits, your retained rights and royalties, your recharges and exports, your capital pools and whether it is time to incorporate. No fee shown.
1. Is unbilled work at year-end recognised rather than left until the next milestone invoice?
2. Are deposits and mobilisation payments reserved for work not yet done?
3. Does your contract file show what rights each engagement assigned or retained?
4. Are your recharges and your supplies to non-resident clients documented supply by supply?
5. Is shop equipment in Class 8 with workstations in Class 50 and CAD licences in Class 12?
6. Is your product design studio incorporated?
Free CPA Consultation for Product Design Studios
Case Studies: Product Design Studio Accounting & Tax
Toronto Industrial Design Studio — The Year-End That Showed Nothing
The problem: A Toronto studio billed four consumer-product programs on milestone invoices. At the December year-end three of those programs were deep into industrial design and design-for-manufacture with the next invoice not due until February, so the books showed no revenue for months of completed work. At the same time a mobilisation payment on a fifth program that had not yet started sat in sales in full. The prior accountant had been told the section 34 work-in-progress election would cover it, although that section names only an accountant, dentist, lawyer, medical doctor, veterinarian and chiropractor.
What we did: We rebuilt revenue by project and by phase from the time records and the signed scopes, recognised the unbilled work already performed, included the mobilisation payment under ITA paragraph 12(1)(a) and reserved the undelivered portion under ITA paragraph 20(1)(m), and restated the prior year on the same basis.
The result:
- $284,000 of completed work recognised in the year it was done
- $96,000 of mobilisation cash reserved out to the following year
- Work in progress and deposits now reported monthly, not discovered at year-end
Mississauga Product Development Consultancy — A Royalty Booked Before Anyone Sold Anything
The problem: A Mississauga consultancy had taken a reduced design fee on two housewares programs in exchange for a per-unit royalty and, on a third, a small equity stake. The prior accountant had accrued a royalty receivable based on the licensee’s own forecast, so the corporation reported and paid tax on revenue that depended entirely on somebody else’s future unit sales. One of the two programs never reached retail at all. The equity taken in place of cash had never been recorded anywhere, and nobody had read the agreements to see which rights had been assigned and which retained.
What we did: We reversed the forecast-based accrual, built a royalty schedule driven by the licensee’s actual reported unit sales, separated royalty receivables from ordinary fee receivables on the balance sheet, recorded the equity consideration properly, and had intellectual property counsel confirm what each agreement actually said about rights before we accounted for any of it.
The result:
- $147,500 of forecast royalty reversed out of income
- $17,995 of corporate tax recovered on the program that never shipped
- Royalty revenue now recognised on reported units rather than on hope
Ottawa Design and Prototyping Studio — Recharges and Exports With Nothing Behind Them
The problem: An Ottawa studio recharged tooling, machining, 3D printing and courier cost to clients on every program, and roughly half its fees went to clients in the United States and Germany. Every recharge had been treated the same way on the GST/HST return on nobody’s particular analysis, every foreign invoice had been treated as zero-rated on the strength of the billing address alone, and the non-resident CAD and rendering subscriptions had never been looked at under Division IV. There was no engagement agreement on file for two of the five live programs.
What we did: We worked through the agreements invoice by invoice under ETA section 178 and ETA section 138, assembled the recipient evidence needed to support each export position supply by supply under Part V of Schedule VI, reviewed the imported software and rendering spend against Division IV, and rebuilt the filings with the documentation attached rather than the habit.
The result:
- Five programs documented supply by supply with the agreements on file
- $23,870 of net tax corrected voluntarily, penalties cancelled
- Recharge and export treatment now decided on the contract, not the invoice format
Our clear, efficient process ensures every step is transparent, building trust and long-term client relationships.
Kickoff (Document Request)
Collect prior T2 returns, signed engagement agreements and scopes for every live program, the time and project records, fabrication and tooling invoices, royalty and licence statements, contractor agreements, and bank statements.
First 30 Days (Cleanup & Setup)
Set up QuickBooks Online or Xero with Dext on project-and-phase coding, build the unbilled work and deposit schedules, review the export and recharge positions, rebuild the Class 8, 50, 12 and 13 pools, and run the RC4110 analysis.
Monthly Close
Phase revenue against effort, unbilled work and client deposits updated, prototyping cost of sales matched to projects and recharges, royalty schedule driven by reported units, GST34 with export evidence attached, and contractor reconciliation.
Quarterly Planning Review
Salary and dividend mix, project timing against the year-end, shop and software purchases across Class 8, Class 50 and Class 12, non-resident contractor reporting, and cash flow between milestone payments.
Year-End Close & T2 Filing
Trial balance, financial statements with unbilled work and deposits stated separately and retained rights shown apart from equipment, the ITA paragraph 20(1)(m) reserve settled, T2 with GIFI, and CRA preparation.
Get Your Product Design Studio Taxes Done Right Today
Affordable Pricing for Product Design Studios
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 Product Design Studio Accountant
Meet your lead product design studio accountant. As your design practice and corporate tax adviser, you deal with the same two people every year.
What Our Clients Say
1300+ five-star reviews from product design studios, industrial designers and product development firms across Ontario and Canada.
Serving Product Design Studios Across Ontario
Our CPA team provides specialized accounting and tax solutions for product design studios, industrial designers and product development consultancies throughout Ontario. We understand why unbilled work at year-end is income, why the work-in-progress election in ITA section 34 was never available to designers, how a royalty is a different animal from a fee, why a recharge has to be tested against the agreement rather than the invoice, and what CRA looks at first when it opens a design studio 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)
Product Design Studio Accounting & Tax FAQs
Related Industries We Serve
Accountant for Interior Designers
- Project phase revenue and deposits
- Recharged purchases and procurement
- Corporate tax filing and statements
Accountant for Hardware Startups
- Tooling and prototyping cost pools
- Inventory and cost of goods sold
- Corporate tax planning and bookkeeping
Accountant for Scale-Up Companies
- Growth spend ahead of revenue
- Contractor and payroll build-out
- Corporate tax planning and advisory
Accounting for Technology Companies
- Cross-border clients and contractors
- Software and equipment CCA pools
- Corporate tax filing and statements
Product Design Studio Accounting & Tax Done Right.
Unbilled work recognised across discovery, concept, industrial design, prototyping, design-for-manufacture and production support rather than at a milestone invoice, with the ITA section 34 election correctly treated as unavailable to designers, deposits included under ITA paragraph 12(1)(a) and reserved under ITA paragraph 20(1)(m), royalty and success-based revenue recognised on reported units rather than on forecast, prototyping materials, machining, tooling and samples carried as a real cost of sales, every supply to a non-resident reviewed against Part V of Schedule VI on its own evidence, recharges and bundled fees tested under ETA section 178 and ETA section 138 invoice by invoice, Division IV raised on non-resident CAD and rendering spend, and shop equipment in Class 8 with workstations in Class 50 and CAD licences in Class 12. AFFORDABLE flat fees, no hourly billing. Licensed CPA Ontario. 1300+ five-star reviews. 30-Day Money-Back Guarantee.