Bookkeeping & Payroll in Toronto | RN Canada

RN Canada keeps Toronto, Ontario businesses accurate, organised and decision-ready with full-cycle bookkeeping and payroll. One partner owns the file end to end: monthly books that are always current, payroll run on schedule, source deductions tracked, and 13% HST recorded correctly so nothing surprises you at year-end.

What our Toronto bookkeeping & payroll service covers

A standard engagement gives a Toronto business a steady monthly rhythm rather than a year-end scramble. The work includes:

• Monthly bookkeeping — every transaction categorised, your chart of accounts kept clean, and a closed set of books each month.
• Bank and credit-card reconciliations — every account reconciled to statement so the numbers are trustworthy.
• Accounts payable and receivable (AP/AR) — bills tracked and paid on time, invoices issued and chased, cash position visible.
• Payroll, source deductions and T4s — pay runs processed on schedule, CPP, EI and income-tax source deductions calculated and tracked for remittance to the CRA, and year-end T4 slips prepared for your team.
• 13% HST tracking — sales tax recorded and reconciled each period so your obligations are clear and your return is prepared and ready when it is due.
• Financial statements — a monthly close pack (income statement, balance sheet, cash position) you can actually act on.

Toronto and the 2026 Ontario tax picture

Ontario runs a single 13% Harmonized Sales Tax (HST) instead of a separate GST and PST, so Toronto businesses register once and remit one combined rate. Growing payroll carries the Employer Health Tax (EHT): the first $1,000,000 of annual Ontario payroll is exempt, the top rate is 1.95%, and the exemption disappears once payroll passes $5,000,000. Ontario corporate income tax is administered by the CRA and filed on the same federal T2 return — unlike Alberta, which files a separate provincial AT1, there is no separate Ontario corporate return. The general combined rate is 26.5% (11.5% Ontario), and the small-business rate of 3.2% drops to 2.2% effective July 1, 2026, alongside an Ontario small-business limit rising from $500,000 to $600,000 while the federal limit holds at $500,000. Tracking where the Ontario limit diverges from the federal one is exactly the kind of detail that shapes Toronto tax planning.

Local and remote: how we work with Toronto

RN Canada does not keep an office in Toronto. We serve Toronto businesses remotely from our Edmonton head office, delivered over secure file sharing and video calls, with the same Ontario tax expertise you would get from a local firm.

Day to day, the work is cloud-based: you share receipts and statements securely, we keep the ledger current and payroll on schedule, and you get a monthly close pack. That model works identically whether your business is around the corner from one of our offices or served remotely.

From clean books to ready returns

Accurate books and reconciled payroll are the foundation that makes everything downstream easier. When it is time to deal with the corporate or personal return, the same trustworthy records flow straight into our tax return preparation work, so nothing is lost in a handoff. Clients who outgrow pure compliance move up to our part-time CFO work for forecasting and board reporting, and lean on our bookkeeping and payroll resources between meetings.

RN Canada was founded in 2020 by Ozgur Duymaz, a CPA (Canada), ACCA (UK) and CMA (US) with a Ph.D. in accounting and finance, and serves businesses across Alberta and British Columbia. To get Toronto bookkeeping and payroll off your desk, book an intro call with a partner.