Past Account Cleanup Brampton
Unfiled T2 corporate returns, overdue HST, catch-up bookkeeping, CRA compliance letters, payroll arrears, bank reconciliation backlogs and financial statement preparation for prior years. We bring Brampton businesses back to full CRA compliance. From $499.
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The CRA Letter Sitting in Your Brampton Office Is Not Going Away and Neither Is the Interest Compounding on It
CRA charges compound daily interest at 10% on every dollar you owe. A Brampton corporation with $18,000 in unpaid tax accumulates $1,800 in interest in the first year alone. Then the late-filing penalty lands: 5% of the balance plus 1% per month for up to 12 months on a first offence, or 10% plus 2% per month if there is a prior late-filing penalty in the last 3 years. A $18,000 balance becomes $28,000 inside 18 months. CRA then issues a demand to file. If you ignore it, CRA estimates your income and issues an arbitrary assessment that is almost always higher than what you actually owe. After the arbitrary assessment, CRA can garnish your bank account, redirect payments from your clients and register a lien against your property without stepping inside a courtroom.
We handle past account cleanup for Brampton businesses from $499. Unfiled T2 corporate returns prepared and filed. Overdue HST periods caught up with ITCs recovered. Bank reconciliation backlogs cleared. NTR financial statements prepared for every outstanding year. CRA compliance letters answered. Penalty relief applications submitted. From Bramalea to Heart Lake, Springdale to Castlemore, Downtown Brampton to Sandalwood, we bring Brampton businesses back to full CRA compliance.
Book Free Consultation
Past Account Cleanup Services in Brampton
Unfiled T2 Returns
Corporate tax returns for every outstanding year prepared and filed. Financial statements, GIFI schedules and CRA-required disclosures completed.
Catch-Up Bookkeeping
Months or years of unreconciled transactions categorized, bank statements matched and books brought current in QuickBooks, Xero or your existing software.
HST Cleanup and Filing
Overdue HST/GST periods calculated, filed and remittances planned. ITCs recovered from prior periods. Instalment arrears addressed.
CRA Compliance Letters
Demands to file, arbitrary assessments, requirements to pay and collection actions responded to with documentation and filed returns.
Penalty Relief Requests
Taxpayer Relief Provisions (RC4288) filed where eligible. Extraordinary circumstances, CRA errors and first-time offences documented for penalty cancellation.
Payroll Arrears
Unfiled T4s, missed CRA remittances, outstanding ROEs and employer penalty assessments corrected and brought current.
How We Clean Up Past Accounts for Brampton Businesses
A structured 6-step process that brings your books from behind to fully compliant. AFFORDABLE flat-fee pricing. No hourly billing.
Assessment: What Is Outstanding
Before we touch a single transaction, we identify every gap between where you are and where CRA expects you to be.
- Review CRA My Business Account to identify all unfiled T2 corporate returns, HST periods and T4/T5018 obligations.
- Check for CRA compliance letters, arbitrary assessments, requirements to pay and any active collection actions.
- Identify outstanding payroll remittances, unfiled ROEs and employer penalty assessments.
- Determine the last date your books were reconciled and the number of months or years of catch-up required.
- Provide a fixed-fee quote for the entire cleanup before any work begins. No surprises.
Bank Reconciliation and Catch-Up Bookkeeping
The foundation. Every other filing depends on accurate books.
- Collect bank statements, credit card statements and payment records for all outstanding periods.
- Categorize every transaction against the chart of accounts in QuickBooks, Xero or your existing software.
- Reconcile bank accounts month by month to ensure zero discrepancy between the books and bank balances.
- Identify and record missing invoices, deposits, loan payments, intercompany transfers and shareholder transactions.
- Prepare clean trial balances for each fiscal year-end required for T2 filing.
Financial Statement Preparation
CRA requires financial statements with every T2 corporate return.
- Prepare Notice to Reader (NTR) financial statements for each outstanding fiscal year from the clean trial balance.
- Include Balance Sheet, Income Statement and Notes to Financial Statements per CPA standards.
- Reconcile retained earnings across multiple years to ensure continuity from one year to the next.
- Prepare GIFI (General Index of Financial Information) schedules that map directly to the T2 return.
- NTR financial statements from $250 per year. Included in the cleanup fee for most engagements.
T2 Corporate Return Filing
Every outstanding T2 filed. Every schedule completed. Every disclosure included.
- Prepare T2 corporate tax returns for each unfiled fiscal year using the financial statements and GIFI data.
- Calculate federal and Ontario corporate tax, small business deduction, capital cost allowance and loss carryforwards.
- File all outstanding T2 returns electronically through CRA. Confirmation numbers retained for every filing.
- Calculate total tax, penalties and interest owing across all years. Determine if a payment plan is needed.
- File T2 returns in the correct sequence (earliest year first) to ensure loss carryforwards apply correctly.
HST, Payroll and Other Filings
T2 is not the only obligation. HST, payroll and information returns must also be current.
- Calculate and file overdue HST/GST returns for all outstanding periods. Recover ITCs from prior periods where eligible.
- File overdue T4, T4A and T5018 slips for any years with payroll or contractor payments not yet reported.
- Submit outstanding CRA payroll remittances and calculate employer penalties and interest owing.
- File outstanding ROEs with Service Canada for any past employee separations not yet reported.
- Address any other CRA information return obligations (T5, NR4, T3) identified in the assessment.
Penalty Relief and Payment Arrangements
Once everything is filed, we work to reduce what you owe and arrange how you pay it.
- File Taxpayer Relief requests (RC4288) for penalty cancellation where extraordinary circumstances exist.
- Document the circumstances that led to the filing gap: illness, family emergency, CRA error, advisor failure, first-time lapse.
- Negotiate CRA payment arrangements for any remaining balance. Typical terms: 12 to 24 months.
- Set up pre-authorized debit with CRA for the agreed payment plan so no deadlines are missed going forward.
- Transition the Brampton business to ongoing monthly bookkeeping and annual filing so the backlog never recurs.
Free Past Account Cleanup Consultation
Free Past Account Cleanup Consultation
Case Studies: Past Account Cleanup in Brampton
Trucking Corp, Bramalea (3 Years Unfiled T2s + HST)
A trucking corporation in Bramalea had not filed T2 returns or HST returns for 3 fiscal years. CRA issued an arbitrary assessment of $56,000. We caught up all bookkeeping, prepared NTR financial statements, filed all 3 T2 returns and 12 HST periods, and recovered $19,500 in missed ITCs. Actual tax owing: $14,200. Penalty relief approved for Year 1. Total savings vs. arbitrary assessment: $41,800. Get Started →
Construction Holdco, Castlemore (CRA Garnishment Averted)
A construction holding company in Castlemore had 2 unfiled T2 returns and $31,000 in assessed HST. CRA had issued a requirement to pay to the business bank account. We filed emergency returns within 10 days, demonstrated the actual amounts owing were $18,600 (not $31,000), negotiated withdrawal of the garnishment and set up a 12-month payment plan. Business operations continued without interruption.
Dental Practice PC, Heart Lake (Payroll + T2 Backlog)
A dental practice in Heart Lake had 2 unfiled T2s, 18 months of unreconciled bookkeeping and 2 years of unfiled T4s for 3 employees. CRA employer penalty: $6,800. We reconciled all accounts, prepared financial statements, filed both T2s and all T4s, submitted overdue payroll remittances and filed penalty relief. Penalty reduced to $900. Transitioned to monthly bookkeeping. Bookkeeping Services →
Consulting Corp, Springdale (4 Years Behind + Director Liability)
A consulting corporation in Springdale had not filed for 4 years. CRA assessed the sole director personally for $22,000 in unremitted HST under the director liability provisions. We filed all 4 years of T2 returns and HST, demonstrated the actual HST owing was $9,400 (CRA had estimated $22,000), filed a due diligence defence for director liability and negotiated the personal assessment down to $9,400 on a payment plan.
What Triggers CRA Action Against Brampton Businesses
| CRA Action | What It Means | How We Resolve It |
|---|---|---|
| Demand to File (T2, HST) | CRA has identified an unfiled obligation. You have 90 days or CRA issues an arbitrary assessment. | We prepare and file the outstanding returns within the 90-day window. |
| Arbitrary Assessment | CRA estimates your tax from industry data. Almost always higher than actual. You owe the assessed amount until you file. | We file the actual return with financial statements. CRA reassesses to actual amount. |
| Requirement to Pay | CRA sends to your bank or clients. Bank freezes funds. Clients redirect payments to CRA. | File all outstanding returns. Negotiate payment arrangement. Request withdrawal of requirement. |
| Collections and Garnishment | CRA garnishes bank accounts, seizes assets and registers liens without a court order. | Emergency filing. Request to hold collection. Payment plan negotiated. |
| Director Liability Assessment | CRA assesses directors personally for unremitted HST and payroll source deductions. | File all corporate returns first. Then address director liability with due diligence defence. |
CRA Can Garnish Without Warning: For HST and payroll source deductions, CRA can freeze your Brampton business bank account without prior notice. If you have unfiled HST or missed payroll remittances, the risk is immediate. We file emergency returns and contact CRA collections directly.
CRA Penalties and Interest for Late Filing
| Filing Type | Late-Filing Penalty | Interest |
|---|---|---|
| T2 Corporate (first offence) | 5% of balance + 1%/month for up to 12 months | Compound daily at 10% on unpaid balance |
| T2 Corporate (repeat offence) | 10% of balance + 2%/month for up to 20 months | Same compound daily interest. Repeat = prior 3 years had a late penalty. |
| HST/GST Return | 1% of balance + 0.25%/month for up to 12 months | Compound daily + instalment interest if quarterly instalments missed. |
| Payroll Remittances (late) | 3% (1-3 days), 5% (4-5), 7% (6-7), 10% (7+ or repeated) | Compound daily. Per remittance period. |
| T4/T4A (late filing) | $10/day per slip up to $1,000 (1-5 slips) | No interest on info return penalties but triggers payroll audit. |
| Failure to File Any Return | Demand to file. If ignored: arbitrary assessment. | Filing actual return is always better than ignoring the demand. |
What Our Past Account Cleanup Includes
| Service | What We Do |
|---|---|
| CRA account review | Access My Business Account. Identify every unfiled return, outstanding balance, compliance letter and collection action. |
| Catch-up bookkeeping | Bank reconciliation, transaction categorization and trial balance preparation for all outstanding periods. |
| NTR financial statements | Notice to Reader statements for each outstanding fiscal year. Balance Sheet, Income Statement, Notes. From $250/year. |
| T2 corporate return filing | All outstanding T2s prepared and filed electronically. GIFI schedules, loss carryforwards, CCA calculated. |
| HST/GST cleanup | All overdue periods calculated, ITCs recovered, returns filed. Instalment arrears addressed. |
| Payroll corrections | Unfiled T4s, missed remittances, outstanding ROEs filed. Employer penalties negotiated. |
| CRA correspondence | Compliance letters, demands to file, arbitrary assessments responded to with documentation and filed returns. |
| Penalty relief (RC4288) | Taxpayer Relief Provisions filed where eligible. Extraordinary circumstances documented. |
| Payment arrangements | CRA payment plans negotiated. Typical: 12-24 months. Pre-authorized debit set up. |
| Transition to ongoing service | Monthly bookkeeping and annual filing set up so the backlog never recurs. From $150/month. |
Do You Need Past Account Cleanup?
- You have 1 or more unfiled T2 corporate tax returns
- You have received a CRA demand to file or compliance letter
- You have overdue HST/GST periods that have not been filed
- Your bookkeeping has not been done for 6+ months
- Your bank accounts have not been reconciled in the accounting software
- You have received an arbitrary assessment from CRA
- CRA has sent a requirement to pay to your bank or clients
- You have unfiled T4s or missed payroll remittances
- You need financial statements for a bank loan, mortgage or lease but your books are not current
- You want to dissolve or wind down a corporation but there are unfiled returns
- You have a director liability assessment for unremitted HST or payroll
- You need CRA compliance to apply for government programs or renew licences
Past Account Cleanup from $499. Fixed Fee. No Surprises.
We quote the entire cleanup before any work begins. 30-Day Money-Back Guarantee.
Why Brampton Businesses Choose Gondaliya CPA
CRA Compliance Experts
Unfiled returns, arbitrary assessments, compliance letters, garnishments and director liability handled every week.
Fast Turnaround
Most cleanups completed in 2 to 6 weeks. Emergency filings available for active CRA collection actions.
Fixed-Fee Quotes
Total cost quoted before work begins. No hourly billing. No scope creep. 30-Day Money-Back Guarantee.
1300+ Reviews
The highest-rated CPA firm serving Brampton. AFFORDABLE pricing. 60-Day Fees-Matching Policy.
Transparent Flat-Fee Pricing
| Service | Fee | Includes |
|---|---|---|
| Past account cleanup (1 year) | From $499 | Catch-up bookkeeping, NTR financial statements, T2 corporate return, CRA correspondence |
| Past account cleanup (2 years) | From $899 | 2 years bookkeeping, 2 NTR statements, 2 T2 returns, HST cleanup if applicable |
| Past account cleanup (3+ years) | From $1,199 | Full multi-year cleanup. Quoted per engagement based on complexity. |
| HST cleanup (per period) | From $75 | HST return calculation, ITC recovery, filing. Included in multi-year packages. |
| Penalty relief request (RC4288) | From $299 | Taxpayer Relief application, supporting documentation, CRA submission and follow-up. |
| Ongoing monthly bookkeeping | From $150/month | Monthly bookkeeping after cleanup so the backlog never recurs. HST filing, T2 FREE. |
Know Your Exact Fee Before We Start
Flat fee, fixed in advance. 30-Day Money-Back Guarantee. 60-Day Fees-Matching Policy.
Past Account Cleanup Across Brampton
We serve businesses in every Brampton neighbourhood. Virtual delivery across the entire city and surrounding GTA.
4 Starhill Crescent, Brampton, ON L6R 2P9
Phone: 647-212-9559
Industries We Serve in Brampton
Specialized startup tax & accounting Healthcare In Brampton
Specialized healthcare tax & accounting Consultants In Brampton
Specialized consulting tax & accounting Small Businesses In Brampton
Specialized small business tax & accounting Restaurants In Brampton
Specialized restaurant tax & accounting Franchises In Brampton
Specialized franchise tax & accounting Self-Employed In Brampton
Specialized self-employed tax & accounting Manufacturing In Brampton
Specialized manufacturing tax & accounting Grocery Stores In Brampton
Specialized grocery tax & accounting Import & Export In Brampton
Specialized import/export tax & accounting
Frequently Asked Questions: Past Account Cleanup Brampton
Meet Your Past Account Cleanup Specialists
Sharad Gondaliya, CPA
Founder & Managing Director
Gondaliya CPA Professional Corporation
Sharad manages all past account cleanup engagements, CRA negotiations, penalty relief applications and director liability matters.
Vandana Goel, CPA
Senior Accountant
Gondaliya CPA Professional Corporation
Vandana handles catch-up bookkeeping, bank reconciliation, NTR financial statement preparation and T2 corporate return filing.
What Our Clients Say
1300+ five-star reviews from business owners across Ontario and Canada.
10 Smart Past Account Cleanup Strategies That Save You Money
| # | Strategy | Why It Saves You Money |
|---|---|---|
| 1 | File the earliest year first | Loss carryforwards from earlier years offset income in later years. Filing out of order means you pay tax on a year that should have been reduced by a prior-year loss. |
| 2 | Recover unclaimed ITCs from every unfiled HST period | Many Brampton businesses have thousands in Input Tax Credits sitting in unfiled HST returns. Filing recovers those credits and reduces the HST balance owing. |
| 3 | File before CRA issues an arbitrary assessment | An arbitrary assessment estimates income far higher than actual. Once assessed, you owe that amount until you file. Filing first avoids the inflated balance and the interest that accumulates on it. |
| 4 | Apply for penalty relief under Taxpayer Relief Provisions | CRA cancels penalties for extraordinary circumstances, first-time lapses and CRA-caused delays. A $5,000 penalty cancellation is $5,000 you keep. We file RC4288 with every eligible cleanup. |
| 5 | Maximize Capital Cost Allowance in every outstanding year | CCA reduces taxable income. Many catch-up filings miss CCA claims on vehicles, equipment, computers and leasehold improvements purchased in prior years. We claim every eligible asset. |
| 6 | Claim the small business deduction on the first $500,000 | The SBD reduces the federal corporate tax rate from 15% to 9% on the first $500,000 of active business income. Missing this deduction overpays tax by $30,000 per year at $500,000 income. |
| 7 | Reconcile shareholder loan accounts before filing | Unreconciled shareholder loans often result in CRA adding the balance to the shareholder's personal income under Section 15(2). Proper reconciliation prevents this taxable benefit. |
| 8 | Negotiate a payment plan before CRA escalates to collections | A voluntary payment arrangement keeps CRA from garnishing your bank account or redirecting client payments. The cost of garnishment recovery (legal fees, lost business) far exceeds the cost of a proactive arrangement. |
| 9 | Claim home office expenses for eligible past years | If the business operated from a home office, a portion of rent/mortgage interest, utilities and insurance is deductible. This reduces taxable income for every year the claim is eligible. |
| 10 | Transition to monthly bookkeeping after cleanup | The cheapest cleanup is one that never happens again. Monthly bookkeeping ($150/month) prevents the backlog, ensures every deadline is met and eliminates future penalties entirely. |
Browse Our AFFORDABLE CPA Services
- Accounting & Bookkeeping
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- Management Accounting and Reporting
- Past Account Clean-Up Services
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Behind on CRA Filing? We Bring Brampton Businesses Back to Compliance.
Unfiled returns, catch-up bookkeeping, HST arrears, penalty relief, payment plans. From $499. Fixed fee.