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Main Background Toronto Accounting Firm

Toronto Accounting Firm for Individuals and Businesses

Xpress Accounting is a professional Toronto accounting firm serving individuals, self-employed professionals, and businesses throughout the city.

 

Our Toronto accounting firm focuses exclusively on serving individuals and businesses located within the City of Toronto.

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As a local accounting firm, we understand the complexity of personal taxation, corporate compliance, and business operations in Canada’s largest city. Our role is to simplify financial management, reduce risk, and give our clients clear insight into their financial position—without confusion or uncertainty.

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Whether you are an individual filing a personal return, a contractor managing business income, or a corporation seeking dependable financial oversight, our Toronto accounting firm delivers structured, year-round support built on accuracy and transparency.

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As a trusted local accounting firm, we work closely with Toronto individuals and businesses that need dependable, accurate, and compliant financial support.

What Sets Our Toronto Accounting Firm Apart

PERSONAL ACCOUNTING

Choosing the right accounting firm is about more than filing returns.

 

It’s about trust, clarity, and consistency. At Xpress Accounting, our approach is centered on long-term financial stability—not short-term fixes.

Clients choose our Toronto accounting firm because we provide:
 

  • Clear explanations instead of jargon

  • Accurate, CRA-compliant work

  • Transparent pricing with no surprises

  • Responsive communication

  • Proactive financial guidance
     

We work as an extension of your personal or business operations, ensuring your finances are organized, compliant, and positioned for informed decision-making.

Personal Accounting Services from a Toronto Accounting Firm

Personal Tax Preparation (T1 Returns)

We prepare and file accurate T1 personal tax returns for:

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  • Salaried employees

  • Families

  • Retirees

  • Investors

  • Newcomers to Canada

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Our accountants review income sources, deductions, and credits carefully to ensure all eligible claims are applied correctly. This includes RRSP contributions, childcare expenses, medical credits, tuition transfers, disability credits, and investment income reporting.

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Our goal is to file your return correctly the first time while reducing the likelihood of CRA reassessments or follow-up requests.

Self-Employed and Contractor Accounting

Toronto has a large and growing population of independent professionals. If you are self-employed, a consultant, or a contractor, your tax obligations are more complex than those of an employee.

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Our Toronto accounting firm supports self-employed individuals with:

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  • Business income reporting

  • Expense classification and optimization

  • HST/GST registration and filing

  • Capital cost allowance

  • Installment planning

  • Ongoing bookkeeping support

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We help ensure your business income is reported accurately while maintaining compliance and cash-flow predictability.

Newcomer and Cross-Border Tax Support

For individuals new to Canada or earning income across borders, we assist with:

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  • Tax residency determination

  • Foreign income reporting

  • Treaty considerations

  • CRA compliance from the first year of filing

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Our Toronto accounting firm ensures your tax position is structured correctly from the start.

Toronto residents face a wide range of tax scenarios, from simple employment income to complex investment and rental structures.

 

Our Toronto accounting firm provides personal accounting services designed to ensure accuracy while identifying legitimate opportunities for tax efficiency.

BUSINESS ACCOUNTING

Business Accounting Services in Toronto

Corporate Tax Returns (T2)

We prepare CRA-compliant corporate tax returns for Ontario corporations. Our process includes:

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  • Detailed expense verification

  • Depreciation and CCA analysis

  • Income and shareholder reporting

  • Corporate tax planning considerations

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Accuracy and compliance are central to our approach, helping businesses avoid penalties while maintaining financial clarity.

Ongoing Business Accounting and Advisory

Beyond tax filing, our Toronto accounting firm provides advisory support to help business owners understand their financial performance. This includes:

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  • Cash-flow forecasting

  • Budgeting

  • Profitability analysis

  • Break-even planning

  • Financial reviews for growth decisions

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We help business owners move from reactive accounting to informed financial management.

Toronto is home to a diverse business landscape that includes professional practices, trades, e-commerce companies, startups, and established corporations.

 

Our Toronto accounting firm supports businesses at every stage with structured, dependable accounting services.

BOOKKEEPING

Bookkeeping Services for Toronto Businesses

Accurate bookkeeping is the foundation of every successful business.

 

Our Toronto accounting firm offers full-cycle bookkeeping services that keep records organized, current, and audit-ready.

Monthly and Catch-Up Bookkeeping

We provide:

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  • Transaction classification

  • Bank and credit card reconciliations

  • Expense tracking

  • Monthly financial summaries

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If your records have fallen behind, we also offer catch-up bookkeeping to restore compliance efficiently.

Cloud-Based Bookkeeping Systems

We work with modern cloud accounting platforms, allowing:

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  • Secure document uploads

  • Real-time financial access

  • Seamless collaboration

  • Consistent reporting

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This structure improves accuracy while giving business owners visibility into their finances.

Payroll, HST, and Compliance Support

Our Toronto accounting firm manages payroll and government filings to ensure your business meets all ongoing obligations.

 

Services include:

  • Payroll Processing

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  • ​Source Deductions & Remittances

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  • T4 & T4A Preparation

  • ROEs

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  • HST/GST Filings

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  • WSIB Reporting

We help reduce compliance risk and ensure deadlines are met consistently.

Toronto Neighbourhoods We Serve

Downtown Toronto | North York | Etobicoke | Scarborough | Midtown | East York | The Beaches | York

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Regardless of location, every client receives the same level of professional service and attention.

Our accounting firm serves clients across the City of Toronto, including:

Work With a Professional Toronto Accounting Firm

If you are looking for a dependable Toronto accounting firm that prioritizes accuracy, compliance, and clear communication, Xpress Accounting is ready to assist.

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We work with individuals and businesses seeking reliable tax preparation, bookkeeping, payroll, and long-term financial guidance. Our process is structured, transparent, and focused on reducing financial stress.

Frequently Asked Questions

Q: What does a Toronto accounting firm typically handle?

A: A Toronto accounting firm provides services such as tax preparation, bookkeeping, payroll, financial reporting, and compliance support for individuals and businesses operating in the city.

Q: How do I know if I need an accounting firm or just an accountant?

A: If your financial needs involve ongoing bookkeeping, business compliance, or strategic guidance, working with a full Toronto accounting firm offers broader support than a single-service accountant.

Q: Does your Toronto accounting firm work with small businesses?

A: Yes. We support small businesses, contractors, professional practices, and corporations throughout Toronto with scalable accounting services.

Q: Do you offer virtual services for Toronto clients?

A: Yes. Our Toronto accounting firm provides secure virtual consultations and cloud-based systems, allowing clients to work with us remotely while maintaining full compliance.

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