Bookkeeping and Payroll
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Bookkeeping
Accurate bookkeeping is the foundation of every successful business. We keep your financial records organized and up-to-date, ensuring you always know where your business stands. From transaction categorization to reconciliations, we take care of the details so you can focus on running your operations with confidence.
- Monthly, quarterly, or annual bookkeeping
- Financial statement preparation (Balance Sheet, Income Statement, Cash Flow)
- General ledger maintenance
- Accounts payable & receivable management
- Expense Categorization and Reconciliation
Payroll
Payroll doesn’t have to be stressful. We process payroll accurately and on schedule while managing deductions, remittances, T4s, T4As, and ROEs. Whether you have one employee or an entire team, we ensure compliance with Ontario labour and tax requirements while giving you a seamless, worry-free payroll experience.
- Payroll processing (weekly, bi-weekly, monthly)
- Source deductions remittance (CPP, EI, income tax)
- T4, T4A preparation and filing
- Contractor payments & T5018 slips
- WSIB reporting
FAQ - Bookkeeping Services
You must register once you earn $30,000 or more in taxable revenue within any 12-month period. Many businesses choose to register earlier to claim Input Tax Credits (ITCs).
The CRA assigns your filing frequency — monthly, quarterly, or annually — based on revenue. Annual registrants may still have to make quarterly instalments.
CRA charges penalties and interest, even if no HST is owing. They may also freeze refunds or credits until all filings are up to date.
ITCs allow you to recover the HST you paid on business expenses such as supplies, equipment, software, rent, and more — as long as the expenses relate to your commercial activity.
Ontario uses HST, which combines federal GST and provincial sales tax into one rate (13%). Some provinces charge GST (5%) plus a separate PST.
Contact Us
Services By Appointments Only
Customer Service Hours: Mon-Sat 8am-5pm
Contact Info:
Email: info@bordercitybusiness.com
Whatsapp 24/7: +1 (226) 260-6964
Phone: 226-260-6964