Tax Accountant for Wholesale Businesses in Ontario and Across Canada
We value your warehouse stock under section 10 of the Income Tax Act at the lower of cost and fair market value, capitalize freight-in, duty and brokerage into landed cost, write down shrink and obsolete SKUs after a reconciled count, charge and file the 13% HST correctly on every B2B invoice because there is no resale exemption in Canada, apply the place-of-supply and drop-shipment rules on out-of-province and export shipments, match vendor rebates and co-op allowances under paragraph 12(1)(x), reserve for doubtful accounts and write off bad debts, and depreciate your warehouse, racking, forklifts and delivery trucks in the right CCA class. Whether you are a foodservice, building-supply, general-merchandise or cash-and-carry wholesaler, we handle the inventory accounting, the HST filings, the warehouse and sales-rep payroll with WSIB and Employer Health Tax, and plan the salary, dividends and eventual sale of your company — with AFFORDABLE flat fees.
AFFORDABLE Wholesale Business Tax Accountant
A wholesaler buys in volume and resells to retailers, contractors, restaurants and institutions — thin margins on high volume, so inventory, HST mechanics and receivables decide the tax result. Stock is the biggest number on your balance sheet, and section 10 of the Income Tax Act requires a consistent method, FIFO or weighted average at the lower of cost and fair market value, with freight-in, duty and brokerage capitalized into landed cost, physical counts reconciled, and shrink, damaged and obsolete SKUs written down; the year-end inventory figure moves taxable income dollar for dollar. Unlike US resale certificates, there is no resale exemption in Canada: you charge 13% HST to every Ontario registrant customer, who recovers it as an input tax credit, the place-of-supply rules set the rate on shipments to other provinces, exports can be zero-rated with proof, and the drop-shipment rules in section 179 of the Excise Tax Act (ETA) govern goods delivered in Canada for a non-resident. Volume rebates, co-op advertising and early-payment discounts reduce cost of sales or are income under paragraph 12(1)(x), and 30- and 60-day terms mean a deductible allowance for doubtful accounts and bad-debt write-offs. That is why you need a specialist who knows the trade. At Gondaliya CPA, we specialize in inventory valuation, HST on B2B sales, vendor-rebate and receivables bookkeeping and corporate tax planning for wholesale businesses, providing AFFORDABLE flat-fee support that keeps you CRA-compliant and stops you paying more tax than you owe.
As a wholesaler accountant, we work with foodservice, building-supply, general-merchandise, cash-and-carry and bulk suppliers 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 margin sits on each product line and each trade customer.
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 Wholesale Business Actually Works
Running a wholesale business comes with financial pressures a desk-bound business never faces. You carry six or seven figures of stock that has to be counted, landed-costed and written down, you charge 13% HST on every trade invoice and file monthly, you live on supplier rebates and co-op allowances that arrive months after the purchase, you extend 30- and 60-day terms to customers who do not always pay, and you run a warehouse, a delivery fleet and a sales team that all have to be costed and classed. At Gondaliya CPA, we understand the financial reality of a wholesaler and provide practical, trade-focused solutions across the GTA and all of Ontario.
Stay Compliant and Minimize Your Wholesale Business Tax
For a wholesaler, 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, receivable and CCA dollar the return allows, so nothing is missed and nothing invites a reassessment.
Accounting & Tax Experts for Wholesale Businesses
- 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 Wholesale Businesses?
Tax Planning — Inventory & CCA Expertise
We know the trade: inventory under section 10 at landed cost with timed write-downs of shrink and obsolete stock, warehouse in Class 1 at 4% or 6%, racking in Class 8 at 20%, forklifts and vans in Class 10 at 30%, heavy trucks in Class 16 at 40%. We protect the $500,000 Small Business Deduction and keep passive income under the $50,000 grind.
Consulting — Inventory, Rebate & Receivables Bookkeeping
Our bookkeeping runs perpetual inventory with freight-in, duty and brokerage allocated to each SKU, schedules every volume rebate, co-op and early-payment discount under 12(1)(x), ages receivables on your 30- and 60-day terms and books the 20(1)(l) allowance. We cost each product line so you see the real margin and tie HST to revenue.
CRA Representation — Inventory & HST Audit
When CRA reviews your year-end inventory and landed cost, your vendor-rebate timing, or your HST on B2B invoices, zero-rated exports and drop shipments, we prepare the response, reconcile WSIB, and pursue relief on Form RC4288 where penalties came from a prior error.
Bookkeeping — Payroll, Credit & Sale
We run your warehouse, driver and sales-rep payroll with commissions, WSIB and Employer Health Tax, keep your credit terms and bad-debt write-offs supportable, 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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Wholesale Business Clients
Wholesale Business Tax and Accounting Services in Ontario
Corporate Tax Filing (T2) for Wholesale Businesses
Professional T2 preparation with Schedule 125 revenue, section 10 inventory at landed cost, Schedule 8 CCA on your warehouse, racking and delivery fleet, and CRA compliance on every line.
Bookkeeping & Accounting for Wholesale Businesses
Perpetual inventory, landed-cost, vendor-rebate and receivables bookkeeping with financial statements, clean records, and monthly reporting built for a wholesaler.
Payroll Services for Wholesale Businesses
Warehouse, driver and sales-rep payroll with commissions, WSIB, PD7A remittances, T4s and Employer Health Tax once payroll passes $1 million.
GST/HST Filing for Wholesale Businesses
AFFORDABLE HST filing on B2B sales with full input tax credits, place-of-supply rates on out-of-province shipments, zero-rated exports and the drop-shipment rules, matched to your T2.
Tax Planning for Wholesale Businesses
Smart tax planning to protect the Small Business Deduction, time inventory write-downs and fleet CCA, structure vendor rebates, and plan salary, dividends and sale.
Corporate Catch-Up Filing for Wholesale Businesses
File overdue T2 and HST years, rebuild missing inventory counts, landed cost, rebate and receivable records, and get back into CRA compliance with accurate catch-up support.
CRA Audit Resolution for Wholesale Businesses
Expert support for inventory, cost-of-goods, HST and vendor-rebate audits, with landed-cost and write-down reviews handled with confidence.
CPA Financial Statements (Notice to Reader) for Wholesale Businesses
CPA-compiled financial statements that banks and inventory-financing lenders accept for your wholesale corporation.
Incorporation Services for Wholesale Businesses
Full incorporation including NUANS, articles, share structure, and the section 85 rollover of inventory, receivables and goodwill from your unincorporated wholesale business.
Catch-Up Bookkeeping Services for Wholesale Businesses
We rebuild months of missing purchase, landed-cost, inventory, vendor-rebate and receivable records so your wholesale books are current and CRA-ready.
US Corporation & LLC Tax Filing for Wholesale Businesses
Cross-border filing for wholesalers selling into the United States, covering US corporation and LLC returns, treaty positions and 1120/1120-F obligations on your export income.
Voluntary Disclosure Program for Wholesale Businesses
We file a VDP disclosure to correct unreported sales, HST never charged on B2B invoices or unfiled T2 years before CRA contacts you, cancelling penalties and reducing interest.
Accounting & Tax Services Tailored for Wholesale Businesses
Real, practitioner-level CPA expertise for foodservice, building-supply, general-merchandise, cash-and-carry and bulk suppliers across Ontario — built for how a wholesale business actually runs.
- We prepare your T2 with GIFI on Schedule 100 and Schedule 125, separating wholesale product sales from vendor rebates and early-payment discounts in QuickBooks Online, so CRA’s automated matching never flags your file; on one wholesaler correct line coding reversed a $19,000 assessment.
- We value your year-end stock under section 10 of the Income Tax Act using FIFO or weighted average at the lower of cost and fair market value in Cin7 Core; on one wholesaler applying one consistent method corrected a $41,000 profit swing between years.
- We capitalize freight-in, customs duty and brokerage into landed cost under section 10 instead of expensing them, so cost of goods on Schedule 125 is right; on one foodservice wholesaler we capitalized $140,000 of freight and duty, correcting an overstated deduction.
- We claim capital cost allowance on Schedule 8, placing your warehouse building in Class 1 at 4% or 6%, racking in Class 8 at 20% and forklifts in Class 10 at 30%; on one $220,000 racking and forklift purchase this claimed $33,000 of first-year CCA.
- We deduct a reserve for doubtful accounts under paragraph 20(1)(l) from your aged receivables in QuickBooks and write off confirmed bad debts under 20(1)(p) before the T2 deadline six months after year-end; on one file this saved $11,000 of tax.
- We post wholesale product sales, freight-in, customs duty, warehouse rent and delivery costs to the right accounts in QuickBooks Online, giving the six years of records section 230 requires; on one wholesaler this surfaced $24,000 of unbilled trade-customer orders.
- We run perpetual inventory in Cin7 Core tied to QuickBooks, reconciling it to a physical count at year-end so cost of goods on Schedule 125 reflects only what you actually shipped; one reconciled count corrected a $36,000 overstatement of deductions.
- We build landed cost into each SKU by allocating freight-in, duty and brokerage in Cin7 Core, because section 10 requires stock carried at full cost; on one wholesaler this moved $58,000 from expenses into inventory and fixed the margin report.
- We schedule volume rebates, co-op advertising and early-payment discounts from every supplier in Xero, reducing cost of sales or recording income under paragraph 12(1)(x) in the right period; one schedule caught $17,000 of rebates never claimed from suppliers.
- We age receivables weekly on 30- and 60-day terms in QuickBooks, so overdue trade customers are chased before they become bad debts and the paragraph 20(1)(l) reserve is supportable; on one wholesaler this cut days-sales-outstanding and freed $45,000 of cash.
- We set up warehouse, driver and sales-rep payroll in Wagepoint, withholding income tax, CPP and EI and remitting on the PD7A by the 15th, so a busy shipping month never eats CRA’s 10% late-remittance penalty, which on a $14,000 remittance costs $1,400.
- We calculate sales-rep commissions from Xero invoice data each pay period, report them on the T4 and withhold correctly, because commission earned in one month but paid the next is still taxable when paid; on one wholesaler this fixed a $6,200 under-withholding.
- We register your WSIB coverage in the wholesale trade rate group before the first warehouse hand starts and file premiums in Wagepoint reconciled to your T4 Summary; one registration avoided a $12,000 back-assessment going back two years.
- We prepare and file the T4 and T4 Summary slips from your Wagepoint records by the last day of February, avoiding the per-slip penalty CRA applies to late filings; on one wholesaler with 25 warehouse and sales staff that exposure reached $2,500.
- 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 in Wagepoint; on one growing wholesaler this caught $4,100 of unremitted EHT.
- There is no resale exemption in Canada, so we set QuickBooks to charge 13% HST on every sale to an Ontario registrant customer, who recovers it as an input tax credit on their own return; one review found $14,500 undercharged on trade invoices.
- We apply the place-of-supply rules under the Excise Tax Act so shipments to Alberta carry 5% GST and shipments to Nova Scotia carry that province’s HST rate, coded by destination in Xero; one correction recovered $8,900 of over-remitted tax.
- We zero-rate export sales under Schedule VI of the Excise Tax Act and keep bills of lading and customs export declarations as proof, because unsupported zero-rating is reassessed at 13%; on one wholesaler we recovered $32,000 of over-remitted HST on export shipments.
- We apply the drop-shipment rules in section 179 of the Excise Tax Act when you deliver goods in Canada on behalf of a non-resident, obtaining the drop-shipment certificate so tax is not charged twice; one file avoided a $21,000 assessment.
- We move you to monthly filing once annual taxable sales pass $6 million and reconcile line 101 revenue to your T2 every period, because CRA’s matching program pulls mismatched wholesalers fast; one reconciliation pre-empted a $16,000 reassessment.
- 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 12.2% Ontario small-business rate under section 125; on one owner this deferred $23,000.
- 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 starts, tracking surplus cash in QuickBooks reports; one plan preserved $34,000 of SBD savings.
- We time year-end inventory write-downs of damaged, shrink and obsolete SKUs under section 10 after a reconciled count, because a supportable write-down is deductible when taken; on one wholesaler we wrote down $55,000 of obsolete SKUs, saving $6,700.
- We time racking, forklift and delivery-truck purchases before fiscal year-end so the half-year rule and the Class 8, Class 10 and Class 16 rates on Schedule 8 give the largest first-year deduction; on one $180,000 truck purchase this pulled forward $29,000 of CCA.
- We plan at least two years ahead so your shares qualify for the $1.25M Lifetime Capital Gains Exemption under section 110.6 claimed on Form T657, purifying the company of non-active assets so selling defers tax; one purification protected $300,000 of gain.
- We reconstruct wholesale product sales, purchases and freight from bank deposits, supplier statements and customer invoices where no bookkeeping exists across your unfiled T2 years, rebuilding them in QuickBooks so CRA cannot arbitrarily assess; one rebuild cut a $52,000 estimate.
- 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 wholesaler this limited penalties to $7,900.
- We file the missing HST returns and reconcile in QuickBooks the 13% you charged trade customers against what you remitted under the Excise Tax Act, claiming every input tax credit on line 108; one catch-up cleared a $15,200 shortfall.
- We rebuild year-end inventory for each unfiled year under section 10 from purchase records and counts, capitalizing freight-in and duty into landed cost so each year’s cost of goods is defensible; on one file this corrected $63,000 of overstated deductions.
- We rebuild the undepreciated capital cost pools across the unfiled years so missed CCA on your Class 1 warehouse, Class 8 racking and Class 10 delivery vans is recovered on Schedule 8; on one wholesaler this restored $21,000 of depreciation.
- When CRA opens an audit, we manage the file and answer the section 10 inventory and cost-of-goods queries inside the deadlines from QuickBooks and Cin7 Core, so a one-year review does not expand into three; on one file this contained $38,000 of exposure.
- When CRA questions your landed cost, we prove the freight-in, duty and brokerage allocation with carrier invoices and customs B3 entries captured in Dext, because inventory cost disallowed for missing support cannot be restored later; one review defended $140,000 of cost.
- We defend your vendor-rebate treatment when CRA argues volume rebates and co-op allowances were income under paragraph 12(1)(x) in an earlier year, showing supplier agreements and the matching schedule in Xero; on one wholesaler this reversed a $27,000 reassessment.
- We answer HST audits on B2B invoices, place-of-supply coding and zero-rated exports with customer registration numbers, bills of lading and the drop-shipment certificates section 179 of the Excise Tax Act requires; on one review this protected $32,000 of zero-rated sales.
- 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 wholesaler this cancelled $8,400 of penalties.
- We prepare the CSRS 4200 compilation engagement financial statements, the Notice to Reader an inventory-financing lender requires across two fiscal years, tied to the T2, before approving the $250,000 operating line secured on your warehouse stock and receivables.
- Your compiled statement of financial position presents section 10 inventory at landed cost, receivables net of the paragraph 20(1)(l) allowance and your Class 1 warehouse at net book value, giving a lender what a bare T2 cannot; one file unlocked $175,000 of financing.
- We build the statement of operations with wholesale product sales, cost of goods and vendor rebates classified consistently in QuickBooks across two years and tied to Schedule 125, so a lender approves the facility; on one wholesaler this supported a $90,000 credit line.
- The CSRS 4200 communication discloses that no audit or review was performed, and without it the Business Development Bank of Canada rejects the working-capital loan a wholesaler needs to carry its section 10 inventory float; one NTR unlocked $110,000.
- We deliver the compiled statements within 30 days of receiving your records and the year’s T2 figures, because a lender’s conditional offer expires and a wholesaler’s stock financing collapses with it; on one deal timely delivery saved a $145,000 Class 16 truck lease.
- We incorporate your business under the Ontario Business Corporations Act, giving you limited liability, a defined share structure and the 12.2% small-business rate on the first $500,000 under section 125, filed on your first T2; on one owner this saved about $22,000.
- We complete the section 85 rollover on Form T2057, transferring your inventory, receivables, racking, delivery vans and goodwill into the corporation at elected amounts, deferring the gain and recapture a straight sale would trigger; on one wholesaler this deferred $64,000 of tax.
- We register your WSIB coverage in the wholesale trade rate group before the first warehouse hand starts and track it in Wagepoint so premiums reconcile to the T4 Summary, because an unregistered owner faces retroactive premiums; one setup avoided an $11,000 assessment.
- We open the corporation’s CRA Business Number, HST and payroll accounts within the first 30 days, set the HST filing frequency and PD7A schedule in QuickBooks, and close the old accounts so the same sales are never remitted twice; one setup prevented a $5,300 double-remittance.
- We structure the share classes and set the first fiscal year-end up to 53 weeks after incorporation, so dividends split among family shareholders and the first T2 balance-due date is deferred; one wholesaler freed $19,000 for new Class 8 racking.
- We rebuild your unreconciled wholesale product sales from customer invoices, remittance advices and bank deposits in QuickBooks Online, restoring the section 230 record trail; on one wholesaler this recovered $21,000 of unrecorded trade-customer payments across two years.
- We reconstruct the inventory balances you never tracked, running a count and rolling it back through purchases and sales in Cin7 Core so each catch-up year’s cost of goods under section 10 is defensible; one rebuilt count corrected a $29,000 profit overstatement.
- We allocate the freight-in, customs duty and brokerage invoices that were expensed as incurred into landed cost across the missing months, because section 10 requires full cost in inventory; one cleanup moved $47,000 into closing stock on Schedule 100.
- We rebuild the vendor-rebate, co-op and early-payment schedules from supplier statements in Xero so each allowance lands in the right period under paragraph 12(1)(x); on one wholesaler this recovered $13,500 of rebates that were never claimed from suppliers.
- We catch up warehouse and sales-rep 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; on one file this recovered $3,900 of over-remitted premiums.
- We file the US Form 1120-F return your company needs when selling wholesale product into the United States creates a US trade or business, reporting effectively connected income and claiming protection under the Canada-US tax treaty; one filing defended $40,000 of profit.
- We apply the Canada-US treaty so your US-source wholesale profits are not taxed twice, filing the Form 8833 treaty-based disclosure and claiming foreign tax credits on your Canadian T2 for any US tax actually paid on export sales; one claim recovered $7,500.
- We handle the US LLC filings where a wholesaler holds a US selling entity, reconciling its pass-through income to your Canadian T2 and defusing the hybrid-entity mismatch that CRA and the IRS both scrutinize on cross-border product sales; one fix avoided $12,000 of double tax.
- We manage state nexus and US sales-and-use tax once your product ships regularly to US retailers, collecting the resale certificates that apply there and registering only in states where a real physical or economic nexus is triggered; one review closed $6,800 of exposure.
- We coordinate withholding and W-8BEN-E certification for your Canadian corporation and file the T106 where related-party cross-border transactions exceed $1 million, so US buyers do not withhold the 30% flat tax the treaty reduces; on one exporter this released $9,000.
- 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 wholesaler this waived $12,600.
- We disclose vendor rebates, co-op allowances and early-payment discounts that never reached your returns as income under paragraph 12(1)(x), presenting supplier statements and corrected schedules so you earn VDP relief instead of a gross-negligence penalty worth up to 50% of the tax.
- We correct HST never charged on B2B invoices or wrongly zero-rated domestic sales through the disclosure, reconciling the 13% shortfall under the Excise Tax Act in QuickBooks so you regularize without the wilful-default penalties CRA would otherwise apply; one file settled $18,000 cleanly.
- We fold overstated inventory deductions, expensed landed cost and other prior-year section 10 errors into the VDP submission, so the correction is complete and CRA cannot later reopen the same wholesale years it has already accepted; one submission covered $90,000 of adjustments.
- 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 wholesaler that comes forward only after CRA makes contact loses all relief; timely filing saved one owner $9,100.
Wholesale Business Tax & Inventory Check
Six quick questions on your landed cost, year-end count, vendor rebates, doubtful-accounts allowance, HST filing frequency and whether it is time to incorporate. No fee shown.
1. Are freight-in, duty and brokerage capitalized into the landed cost of your inventory?
2. Do you reconcile a physical count to your books at year-end and write down shrink and obsolete stock?
3. Are vendor rebates, co-op and early-payment discounts matched to the right period?
4. Do you book an allowance for doubtful accounts on your aged receivables?
5. Is your HST filing frequency right for your sales volume, with exports properly zero-rated?
6. Is your wholesale business incorporated?
Free CPA Consultation for Wholesale Businesses
Case Studies: Wholesale Business Accounting & Tax
Mississauga Foodservice Wholesaler — Landed Cost, Dead Stock & HST
The problem: A Mississauga foodservice wholesaler supplying restaurants and caterers was expensing freight, customs duty and brokerage as incurred, so its inventory was understated and its cost of goods overstated every year. No physical count had been done in three years, $90,000 of dead and expired stock still sat on the books at full cost, and the company was filing HST quarterly when its sales volume required monthly filing.
What we did: We capitalized freight-in, duty and brokerage into landed cost under section 10, ran a reconciled year-end count in Cin7 Core, wrote down the obsolete and expired SKUs, corrected the HST filing frequency, and reconciled every period to the T2.
The result:
- $140,000 of freight and duty capitalized into inventory
- $90,000 of dead stock written down after a reconciled count
- Five-figure tax swing and monthly HST filing on schedule
Brampton Building-Supply Wholesaler — Incorporation, Rebates & Bad Debts
The problem: A Brampton building-supply wholesaler selling to contractors was running unincorporated, so strong margins landed on the owner’s personal return at Ontario’s top 53.53% rate with no way to defer the surplus. Supplier volume rebates and co-op allowances were booked whenever the cheque arrived, three contractor accounts had gone unpaid for over a year and were never written off, and no allowance for doubtful accounts existed.
What we did: We incorporated the business and moved inventory, receivables, racking, delivery trucks and goodwill across on a section 85 rollover, applied the $500,000 Small Business Deduction, matched every rebate to its period under paragraph 12(1)(x), booked a 20(1)(l) allowance and claimed the confirmed bad debts under 20(1)(p).
The result:
- Active income taxed near 12.2% instead of 53.53%
- $38,000 of contractor bad debts deducted under 20(1)(p)
- Rebates matched under 12(1)(x); tax bill cut materially
Scarborough General-Merchandise Wholesaler — Inventory, Receivables & Rebates
The problem: A Scarborough general-merchandise wholesaler with thousands of SKUs across three warehouses was tracking stock in spreadsheets that never agreed with each other, so no one trusted the year-end inventory number. Receivables on 30- and 60-day terms were chased from memory, vendor rebate schedules lived in a sales manager’s inbox, and the margin on each product line was invisible until months after year-end.
What we did: We implemented perpetual inventory with landed-cost tracking in Cin7 Core tied to QuickBooks Online, set up receivable aging with a supportable doubtful-accounts allowance, built rebate and co-op schedules by supplier, and mapped HST codes by destination so every period ties to the T2.
The result:
- One trusted inventory number across three warehouses
- Receivable aging and rebate schedules running monthly
- Clean, audit-ready books with margin by product line
Our clear, efficient process ensures every step is transparent, building trust and long-term client relationships.
Kickoff (Document Request)
Collect prior T2 returns, inventory counts and landed-cost records, supplier rebate agreements, receivable aging, HST returns, warehouse lease and fleet list, payroll and commission records, and bank statements.
First 30 Days (Cleanup & Setup)
Set up QuickBooks Online or Xero with Cin7 Core, build the landed-cost and rebate schedules, classify warehouse, racking and fleet CCA, set HST codes by destination, and configure payroll, commissions and WSIB tracking.
Monthly Close
Monthly reconciliations, receipt capture, inventory and margin by product line, receivable aging, HST on B2B sales with input tax credits, and vendor-rebate accruals.
Quarterly Planning Review
Salary and dividend mix, HST and place-of-supply review, inventory write-downs and doubtful-accounts allowance, passive-income position, and fleet and racking purchase timing.
Year-End Close & T2 Filing
Reconciled count, trial balance, financial statements with inventory at landed cost and net receivables, T2 with GIFI, and CRA preparation.
Get Your Wholesale Business Taxes Done Right Today
Affordable Pricing for Wholesale Businesses
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 Wholesale Business Accountant
Meet your lead wholesale business accountant. As your trade and corporate tax adviser, you deal with the same two people every year.
What Our Clients Say
1300+ five-star reviews from wholesale and distribution business owners across Ontario and Canada.
Serving Wholesale Businesses Across Ontario
Our CPA team provides specialized accounting and tax solutions for wholesale businesses throughout Ontario. We understand how inventory at landed cost, HST on B2B sales, vendor rebates, credit terms and warehouse and fleet CCA actually flow through a wholesaler, what CRA looks at on a wholesale file, and how to put your stock, receivables and assets in the right place.
Toronto (ON)
55 Queen St E Ste 1205, Toronto, ON M5C 1R6, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Mississauga (ON)
5373 Bullrush Dr, Mississauga, ON, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Brampton (ON)
4 Starhill Crescent, Brampton, ON L6R 2P9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Scarborough (ON)
24 Clementine Square, Scarborough, ON M1G 2V7, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Vaughan (ON)
19 Cabinet Crescent, Woodbridge, ON L4L 6H9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Oshawa (ON)
210 Durham St, Oshawa, ON L1J 5R3, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Ottawa (ON)
2090 Neepawa Ave a314, Ottawa, ON K2A 3L6, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Etobicoke (ON)
60 Stevenson Rd #1601, Etobicoke, ON M9V 2B4, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Hamilton (ON)
70 Starling Dr, Hamilton, ON L9A 0C5, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Guelph (ON)
1155 Gordon St, Guelph, ON N1L 1S8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Windsor (ON)
4387 Guppy Ct, Windsor, ON N9G 2N8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
North York (ON)
150 Graydon Hall Dr #912, North York, ON M3A 3B2, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Wholesale Business Accounting & Tax FAQs
Related Industries We Serve
Distributors
- Inventory, landed cost and fleet CCA
- HST on B2B sales and input tax credits
- Corporate tax planning and bookkeeping
Importers
- Duty, brokerage and landed-cost capitalization
- HST at the border and on resale
- Cross-border tax and corporate filing
Small Businesses
- Corporate tax planning for small businesses
- Business tax filing and financial statements
- Payroll and bookkeeping services
Incorporated Businesses
- T2 corporate returns and GIFI
- Salary, dividend and SBD planning
- Compilation statements and incorporation
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