Catch-Up Bookkeeping in Canada
We turn months (or years) of backlog into clean, tax-ready financials. Delivered to ASPE / IFRS for Canadian businesses, priced in CAD.
Canadian backlogs compound more quietly than most because the deadlines are staggered. The T2 is not due for six months after year end, which feels like room — but the tax balance is payable at two months, so interest has usually been accruing for a while before anyone notices there is a problem.
The CRA wants the corporate balance two months after year end, or three for a Canadian-controlled private corporation claiming the small business deduction, with the T2 itself at six months. GST/HST returns are due one month after each reporting period, and unremitted payroll source deductions are treated far more seriously than late corporate tax.
The deadlines we track against your ledger.
| Obligation | Frequency | Due | Authority |
|---|---|---|---|
| GST/HST return and paymentGST/HST registrants | Quarterly | 1 month after the end of the reporting period for monthly and quarterly filers | CRA |
| Corporate tax balance payment | Annual | 2 months after year end, or 3 months for a Canadian-controlled private corporation claiming the small business deduction | CRA |
| T2 corporation income tax return | Annual | 6 months after the end of the fiscal year | CRA |
| Payroll source deduction remittanceEmployers | Monthly | 15th of the following month for regular remitters | CRA |
Last reviewed against the source . These are the standard dates. Extensions through a registered agent, a non-calendar year end, and volume-based filing frequencies all shift them — confirm your own dates with CRA. This is general information, not tax advice.
Catch-Up Bookkeeping deliverables
- Full historical reconstruction (3 / 6 / 12 / 24 months)
- Back-reconciliation of every bank & card account
- Categorisation of all historical transactions
- Restated P&L and Balance Sheet per period
- Tax-ready handoff package
QuickBooks Online
Reconstruction runs in QuickBooks Online against bank feeds with the provincial tax layers separated as we go, so the restated GST/HST positions are defensible period by period rather than a single year-end adjustment.
A worked example, in your currency.
A Toronto professional services firm, 1,100 transactions a month, HST-registered, 14 staff.
- In-house bookkeeper (fully loaded, per month)
- $5,900
- Salt bookkeeping + HST compliance
- $1,700
- Monthly saving
- $4,200
Figures in CAD. Firms operating across provinces usually need separate tax codes per province rather than one blended rate.
The framework your Canada accounts are held to.
We prepare to ASPE or IFRS, as issued by the AcSB. These are the bodies that set that framework and the authorities you file with — linked so you can verify the standard rather than take our word for it.
- Professional bodyCPA CanadaChartered Professional Accountants CanadaNational body for Canadian professional accountants.
- Standards setterAcSBAccounting Standards BoardIssues ASPE and adopts IFRS for Canadian reporting.
- RegulatorCRACanada Revenue AgencyGST/HST, T2 corporate returns and payroll remittances.
Listed for reference. Salt Accounting Group is not stating membership, registration or affiliation with any of these organisations. Where a filing must be lodged by a registered local agent, it is — your agent keeps the lodgement and the professional sign-off.
Catch-Up Bookkeeping in Canada
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Catch-Up Bookkeeping for Canada, simply handled.
Tell us where you trade and what shape the books are in. You get scope, price and a start date in writing within one business day — no obligation.