- Expert Startup Accounting Support
Startup Accountant Toronto
Launching a business in Toronto or North York comes with new tax obligations, CRA registration requirements, and financial compliance rules. NRK Accounting helps startups set up the right accounting structure from day one — so you grow without tax surprises or costly mistakes later.
Whether you’re incorporating a business, transitioning from self-employed to a corporation, or preparing your first year of filings, we ensure your company meets every CRA requirement while maximizing deductions and smart tax planning.
Expert Tax & Accounting Support for Toronto Startups
New businesses face unique financial challenges — from keeping records accurate to understanding corporate obligations. We support your growth with:
First-year corporate tax filing (T2)
Complete T2 preparation and filing for your startup's first year
Business number and CRA account setup (HST, payroll if needed)
HST, payroll registration and complete CRA setup
Chart of accounts and system setup for bookkeeping
Professional bookkeeping structure from day one
Salary vs. dividend tax strategy guidance
Optimize your compensation structure for tax efficiency
Deduction optimization for startup costs
Maximize all eligible startup expense deductions
Year-end reporting and financial statements
Professional financial statements and tax compliance
Our goal is to help you build a strong financial foundation — not play catch-up later.
Why Startups Choose NRK Accounting
- Fixed, transparent pricing — no surprise fees
- Fast support when CRA requests information
- Services tailored to your current stage and long-term plan
- Local expert team familiar with Toronto business landscape
When founders know their numbers, they scale faster with confidence.
Ongoing Accounting Services for Growing Startups
We provide everything founders need as the business grows:
Monthly bookkeeping and reviews
Monthly bookkeeping and reviews to keep your finances organized
Year-end accounting and tax filings
Complete year-end accounting and corporate tax filings
One accounting team. One system. Full compliance.
Salary vs. Dividend Planning for Owners
Owner-managed startups need the most tax-efficient compensation mix. We help you:
Reduce combined personal + corporate tax
Optimize the mix to minimize total tax burden
Pay into CPP benefits properly
Strategic pension contribution planning
Handle payroll source deductions if required
Proper setup if required for your situation
You focus on growth; we optimize tax.
Supporting You Through Every Stage of Growth
From pre-revenue to scale-up, our guidance adapts to your evolving needs
Incorporation year tax planning
Set up your tax structure correctly from day one
CRA notices and audit assistance
Full support during CRA reviews and correspondence
Budgeting and cash-flow-driven decisions
Data-driven financial planning for growth
Business structure review when expanding or hiring
Guidance when expanding or hiring employees
Frequently Asked Questions
Do startups need a corporate tax accountant immediately?
Yes — even if there is little or no revenue. CRA filing deadlines still apply for corporations, and penalties add up quickly if missed.
Should a startup charge HST?
If annual revenue is expected to exceed $30,000, registering for HST early is smart. We help with setup and compliance.
What accounting records does a startup need?
You must maintain organized records of every transaction (income, expenses, payroll, dividends, etc.) for CRA compliance.
How do I pay myself from my corporation?
We evaluate whether salary, dividends, or a mix benefits you most in the current stage.
Let’s Build Your Startup on the Right Financial Foundation
If you want to avoid tax issues later and build a scalable business, NRK Accounting provides the structure and support you need from day one.
Location
40 Wynford Drive, Suite 211 North York, Toronto
Phone
416-577-4301
info@nrkaccounting.com