Past Account Cleanup North York
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 North York businesses back to full CRA compliance. From $499.
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Your North York Corporation Owes CRA More Today Than It Did Yesterday and Tomorrow Will Be Worse
CRA interest compounds daily. Not monthly. Not quarterly. Daily. At 10% per annum, a $15,000 balance adds $4.11 every single day. That is $1,500 in the first year in interest alone before a single penalty is applied. Then the late-filing penalty arrives: 5% of the balance plus 1% per month for up to 12 months on a first offence. On $15,000 that is $750 plus $1,800. If there is a prior late-filing penalty in the last 3 years, the numbers double: 10% plus 2% per month for up to 20 months. The $15,000 becomes $24,000 in penalties and interest within 18 months. CRA then issues an arbitrary assessment estimating your income far higher than actual. The inflated balance accrues more penalties and more interest until you file the real return.
We handle past account cleanup for North York businesses from $499. Unfiled T2 returns filed. Overdue HST caught up with ITCs recovered. Bank reconciliation backlogs cleared. NTR financial statements for every outstanding year. CRA compliance letters answered. Penalty relief submitted. From Willowdale to Don Mills, Bayview Village to Downsview, York Mills to Lansing, we bring North York businesses back to full CRA compliance.
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Past Account Cleanup Services in North York
Unfiled T2 Returns
Corporate tax returns for every outstanding year. Financial statements, GIFI schedules and disclosures completed.
Catch-Up Bookkeeping
Months or years of transactions categorized, bank statements matched and books brought current.
HST Cleanup and Filing
Overdue HST/GST periods calculated, filed. ITCs recovered. Instalment arrears addressed.
CRA Compliance Letters
Demands to file, arbitrary assessments, requirements to pay responded to with filed returns.
Penalty Relief Requests
RC4288 filed where eligible. Extraordinary circumstances documented for penalty cancellation.
Payroll Arrears
Unfiled T4s, missed remittances, outstanding ROEs and employer penalties corrected.
How We Clean Up Past Accounts for North York Businesses
A structured 6-step process. AFFORDABLE flat-fee pricing. No hourly billing.
Assessment: What Is Outstanding
Every gap identified before we touch a single transaction.
- Review CRA My Business Account for all unfiled T2 returns, HST periods and T4/T5018 obligations.
- Check for compliance letters, arbitrary assessments, requirements to pay and active collection actions.
- Identify outstanding payroll remittances, unfiled ROEs and employer penalty assessments.
- Determine last reconciled date and months or years of catch-up required.
- Fixed-fee quote for the entire cleanup before any work begins.
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 in QuickBooks, Xero or your existing software.
- Reconcile bank accounts month by month to zero discrepancy.
- Identify missing invoices, deposits, loan payments, intercompany transfers and shareholder transactions.
- Clean trial balances for each fiscal year-end.
Financial Statement Preparation
CRA requires financial statements with every T2.
- NTR financial statements for each outstanding fiscal year from the clean trial balance.
- Balance Sheet, Income Statement and Notes per CPA standards.
- Retained earnings reconciled across multiple years for continuity.
- GIFI schedules mapping directly to the T2 return.
- NTR from $250/year. Included in cleanup fee for most engagements.
T2 Corporate Return Filing
Every outstanding T2 filed. Every schedule completed.
- T2 returns for each unfiled year using financial statements and GIFI data.
- Federal and Ontario tax, small business deduction, CCA and loss carryforwards calculated.
- All T2s filed electronically. Confirmation numbers retained.
- Total tax, penalties and interest calculated across all years.
- Filed in correct sequence (earliest first) for proper loss carryforward application.
HST, Payroll and Other Filings
T2 is not the only obligation.
- Overdue HST/GST returns calculated and filed. ITCs recovered where eligible.
- Overdue T4, T4A and T5018 slips filed for unreported payroll or contractor payments.
- Outstanding CRA payroll remittances submitted. Employer penalties calculated.
- Outstanding ROEs filed with Service Canada.
- Other CRA information return obligations addressed.
Penalty Relief and Payment Arrangements
Reduce what you owe. Arrange how you pay.
- Taxpayer Relief requests (RC4288) filed where extraordinary circumstances exist.
- Illness, family emergency, CRA error, advisor failure or first-time lapse documented.
- CRA payment arrangements negotiated. Typical: 12 to 24 months.
- Pre-authorized debit set up so no deadlines are missed.
- Transition to ongoing monthly bookkeeping so the backlog never recurs.
Free Past Account Cleanup Consultation
Free Past Account Cleanup Consultation
Case Studies: Past Account Cleanup in North York
IT Services Corp, Willowdale (3 Years Unfiled)
An IT services corporation in Willowdale had not filed T2 or HST returns for 3 years. CRA arbitrary assessment: $44,000. We caught up all bookkeeping, prepared NTR financial statements, filed 3 T2 returns and 12 HST periods, recovered $13,600 in missed ITCs. Actual tax: $11,900. Penalty relief approved for Year 1. Savings: $32,100. Get Started →
Restaurant Holdco, Don Mills (HST Garnishment)
A restaurant holding company in Don Mills had 2 unfiled T2s and $36,000 in assessed HST. CRA issued a requirement to pay to the bank. We filed emergency returns within 7 days, recovered $9,800 in ITCs, showed actual balance of $17,400 and negotiated withdrawal of the garnishment. 18-month payment plan set up.
Dental Practice, Bayview Village (Payroll + T2)
A dental practice in Bayview Village had 2 unfiled T2s, 2 years of unfiled T4s for 6 employees and $8,100 in missed payroll remittances. CRA employer penalty: $10,300. We filed all returns, submitted remittances, filed penalty relief. Penalty reduced to $1,500. Transitioned to monthly bookkeeping. Bookkeeping Services →
Consulting Corp, York Mills (4 Years + Director Liability)
A consulting corporation in York Mills had not filed for 4 years. CRA assessed the sole director personally for $28,000 in unremitted HST. We filed all 4 years of T2 and HST, showed actual HST owing was $12,600, filed due diligence defence and negotiated the personal assessment down to $12,600 on a 24-month plan.
What Triggers CRA Action Against North York Businesses
| CRA Action | What It Means | How We Resolve It |
|---|---|---|
| Demand to File | Unfiled obligation identified. 90 days or arbitrary assessment. | File outstanding returns within the window. |
| Arbitrary Assessment | CRA estimates income. Almost always higher than actual. | File actual return. CRA reassesses to real amount. |
| Requirement to Pay | Sent to bank or clients. Funds frozen. | File returns. Payment arrangement. Request withdrawal. |
| Collections and Garnishment | Bank garnished, assets seized without court order. | Emergency filing. Hold collection. Payment plan. |
| Director Liability | Directors assessed personally for unremitted HST and payroll. | File corporate returns. Due diligence defence. |
CRA Can Garnish Without Warning: For HST and payroll, CRA can freeze your North York business bank account without prior notice. Unfiled HST or missed payroll means the risk is immediate.
CRA Penalties and Interest for Late Filing
| Filing Type | Penalty | Interest |
|---|---|---|
| T2 (first offence) | 5% + 1%/month up to 12 months | Compound daily at 10% |
| T2 (repeat) | 10% + 2%/month up to 20 months | Same. Repeat = prior 3 years had late penalty. |
| HST/GST | 1% + 0.25%/month up to 12 months | Compound daily + instalment interest. |
| Payroll Remittances | 3% to 10% depending on days late | Compound daily. Per remittance period. |
| T4/T4A | $10/day per slip up to $1,000 | Triggers payroll audit. |
| Failure to File | Demand, then arbitrary assessment | Filing actual return always better. |
What Our Past Account Cleanup Includes
| Service | What We Do |
|---|---|
| CRA account review | Identify every unfiled return, balance, compliance letter and collection action. |
| Catch-up bookkeeping | Bank reconciliation, categorization and trial balance for all outstanding periods. |
| NTR financial statements | Balance Sheet, Income Statement, Notes. From $250/year. |
| T2 filing | All outstanding T2s filed electronically. GIFI, losses, CCA calculated. |
| HST/GST cleanup | All overdue periods filed. ITCs recovered. |
| Payroll corrections | T4s, remittances, ROEs filed. Penalties negotiated. |
| CRA correspondence | Compliance letters, demands, assessments responded to. |
| Penalty relief | RC4288 filed. Extraordinary circumstances documented. |
| Payment arrangements | 12-24 month plans. Pre-authorized debit. |
| Transition to ongoing | Monthly bookkeeping from $150/month. HST and T2 FREE. |
Do You Need Past Account Cleanup?
- You have 1 or more unfiled T2 corporate tax returns
- You received a CRA demand to file or compliance letter
- You have overdue HST/GST periods not yet filed
- Your bookkeeping has not been done for 6+ months
- Your bank accounts are not reconciled in accounting software
- You received an arbitrary assessment from CRA
- CRA sent a requirement to pay to your bank or clients
- You have unfiled T4s or missed payroll remittances
- You need financial statements for a loan, mortgage or lease
- You want to dissolve a corporation but have unfiled returns
- You have a director liability assessment
- You need CRA compliance for government programs or licences
Past Account Cleanup from $499. Fixed Fee.
Entire cleanup quoted before work begins. 30-Day Money-Back Guarantee.
Why North York Businesses Choose Gondaliya CPA
CRA Compliance Experts
Unfiled returns, arbitrary assessments, garnishments and director liability handled every week.
Fast Turnaround
Most cleanups in 2 to 6 weeks. Emergency filings available.
Fixed-Fee Quotes
No hourly billing. No scope creep. 30-Day Money-Back Guarantee.
1300+ Reviews
AFFORDABLE pricing. 60-Day Fees-Matching Policy.
Transparent Flat-Fee Pricing
| Service | Fee | Includes |
|---|---|---|
| Past account cleanup (1 year) | From $499 | Bookkeeping, NTR statements, T2, CRA correspondence |
| Past account cleanup (2 years) | From $899 | 2 years bookkeeping, 2 NTR, 2 T2s, HST if applicable |
| Past account cleanup (3+ years) | From $1,199 | Full multi-year cleanup. Quoted per engagement. |
| HST cleanup (per period) | From $75 | HST calculation, ITC recovery, filing. |
| Penalty relief (RC4288) | From $299 | Taxpayer Relief application, documentation, follow-up. |
| Ongoing bookkeeping | From $150/month | Monthly bookkeeping. HST filing, T2 FREE. |
Know Your Exact Fee Before We Start
Flat fee, fixed in advance. 30-Day Money-Back. 60-Day Fees-Matching.
Past Account Cleanup Across North York
We serve businesses in every North York neighbourhood. Virtual delivery across the entire area and GTA.
150 Graydon Hall Dr #912, North York, ON M3A 3B2
Phone: 647-212-9559
Industries We Serve in North York
Specialized startup tax & accounting Healthcare In North York
Specialized healthcare tax & accounting Consultants In North York
Specialized consulting tax & accounting Small Businesses In North York
Specialized small business tax & accounting Restaurants In North York
Specialized restaurant tax & accounting Franchises In North York
Specialized franchise tax & accounting Self-Employed In North York
Specialized self-employed tax & accounting Manufacturing In North York
Specialized manufacturing tax & accounting Grocery Stores In North York
Specialized grocery tax & accounting Import & Export In North York
Specialized import/export tax & accounting
Frequently Asked Questions: Past Account Cleanup North York
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 and director liability matters.
Vandana Goel, CPA
Senior Accountant
Gondaliya CPA Professional Corporation
Vandana handles catch-up bookkeeping, bank reconciliation, NTR financial statements and T2 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 offset later-year income. Wrong order = overpaid tax. |
| 2 | Recover unclaimed ITCs from unfiled HST | Thousands in credits sitting in unfiled returns. Recovered when filing. |
| 3 | File before arbitrary assessment | Arbitrary assessments inflate income. Filing first avoids inflated balance. |
| 4 | Apply for penalty relief (RC4288) | CRA cancels penalties for extraordinary circumstances. $5,000 saved is $5,000 kept. |
| 5 | Maximize CCA in every outstanding year | Vehicles, equipment, computers, leasehold improvements all eligible. |
| 6 | Claim small business deduction on first $500,000 | SBD reduces federal rate from 15% to 9%. Missing it = up to $30,000/year overpaid. |
| 7 | Reconcile shareholder loans before filing | Unreconciled loans trigger Section 15(2) taxable benefit. |
| 8 | Negotiate payment plan before collections | Voluntary arrangement prevents garnishment. |
| 9 | Claim home office expenses | Rent/mortgage, utilities, insurance deductible if home-based. |
| 10 | Transition to monthly bookkeeping | $150/month prevents all future penalties. |
Browse Our AFFORDABLE CPA Services
- Accounting & Bookkeeping
- Bookkeeping Services
- Bookkeeping for Small Businesses
- Catch-Up Bookkeeping
- Management Accounting
- Past Account Clean-Up
- Accounting Advisory
- Medium-Sized Business Accounting
- Cloud Accounting Setup
- Cloud & Virtual Bookkeeping
- Virtual Accounting
- Accounts Receivable & Invoicing
- Accounts Payable
- QuickBooks Online Setup
- Xero Setup & Support
- Accounting Systems Design
- Workflow Automation
- Review Engagement
Behind on CRA Filing? We Bring North York Businesses Back to Compliance.
Unfiled returns, catch-up bookkeeping, HST arrears, penalty relief, payment plans. From $499. Fixed fee.