- Trusted Accounting Experts for eCommerce in Toronto
eCommerce Accounting & Tax Services Toronto
Running an eCommerce business in Toronto comes with unique accounting and tax challenges — online payment processors, marketplace fees, inventory costs, cross-province sales, and HST compliance. NRK Accounting provides specialized accounting and tax services for eCommerce businesses, helping online sellers stay compliant, organized, and profitable.
Whether you sell on Shopify, Amazon, Etsy, WooCommerce, or your own website, we ensure your books are accurate and your taxes are filed correctly — without disrupting your operations.
- CRA Compliant
- Same-Day Response
- Free Consultation
Accounting Designed for Online Businesses
eCommerce businesses require a different accounting approach than traditional brick-and-mortar companies. We work with Toronto-based online sellers to manage:
Revenue tracking across multiple platforms
Revenue tracking across multiple platforms
Payment processors (Stripe, PayPal, Square, Amazon payouts)
Stripe, PayPal, Square, Amazon payouts
Marketplace fees and chargebacks
Marketplace fees and chargebacks
Sales tax (HST) across provinces
Sales tax (HST) across provinces
Cost of goods sold and profit tracking
Cost of goods sold and profit tracking
Our goal is simple: clear financials, clean tax filings, and no surprises.
Bookkeeping for eCommerce Businesses
Accurate bookkeeping is the foundation of a successful eCommerce business. We provide monthly bookkeeping services that give you real visibility into your business performance.
Our bookkeeping services include:
Monthly reconciliation of bank and payment processor accounts
Monthly reconciliation of bank and payment processor accounts
Proper categorization of advertising, software, and fulfillment costs
Proper categorization of advertising, software, and fulfillment costs
Clean financial statements you can rely on
Clean financial statements you can rely on
Support for scaling businesses with increasing transaction volume
Support for scaling businesses with higher transaction volume
We provide ongoing support through Bookkeeping services.
HST Filing & Sales Tax Compliance for Online Sellers
HST compliance is one of the biggest risks for eCommerce businesses. Online sales often trigger HST obligations earlier than expected — especially when selling through marketplaces.
We help with:
- HST registration and setup
- Ongoing HST filings
- Proper treatment of marketplace facilitator sales
- Claiming eligible input tax credits
- Avoiding penalties, interest, and CRA reviews
See our HST filing services for details.
Corporate & Self-Employed Tax Filing for eCommerce
Whether you operate as a sole proprietor or through a corporation, we file your taxes accurately and strategically.
Our tax services include:
T1 tax filing for self-employed eCommerce sellers
T1 tax filing for self-employed online sellers
T2 corporate tax filing for incorporated online businesses
T2 corporate tax filing for incorporated eCommerce businesses
Year-end financial statements
Year-end financial statements
Tax planning to reduce overall tax liability
Tax planning to reduce overall liability
We provide support through Corporate tax services and Personal tax services.
Platforms We Commonly Support
We work with eCommerce sellers using:
Shopify
Amazon FBA & FBM
Etsy
WooCommerce
Squarespace
Subscription-based online stores
Digital product sellers
You don’t need to change platforms — we adapt your accounting to how you sell.
Avoid CRA Issues Before They Start
CRA frequently reviews eCommerce businesses due to:
High transaction volumes
HST errors
Unreconciled payment processors
Advertising expense claims
We maintain organized records and assist through Tax audit assistance if CRA reviews your business.
Why Toronto eCommerce Businesses Choose NRK Accounting
We combine industry understanding with strong tax expertise to deliver:
Experience with online sales accounting and tax rules
Experience with online sales accounting and tax rules
Clean, audit-ready financial records
Clean, audit-ready financial records
Scalable bookkeeping as your sales grow
Scalable bookkeeping as your sales grow
Clear communication and responsive support
Clear communication and responsive support
Virtual service for busy business owners
Virtual service for busy business owners
We serve eCommerce businesses across Toronto and North York.
FAQs — eCommerce Accounting & Taxes
Do I need to register for HST as an online seller?
In many cases, yes — especially if your revenue exceeds $30,000 or you sell through marketplaces. We assess your exact situation.
How do I track sales from multiple platforms?
We reconcile your sales and payouts monthly so all revenue is reported accurately.
Can I deduct Facebook and Google ads?
Yes — advertising and software costs are deductible when properly recorded.
Do eCommerce businesses get audited often?
They are reviewed more frequently than traditional businesses. Proper bookkeeping greatly reduces risk.
Need eCommerce Accounting & Tax help?
Book a free consultation to discuss eCommerce Accounting & Tax Services
Book a Free Consultation
Get accounting and tax support built specifically for eCommerce businesses.
Location
40 Wynford Drive, Suite 211 North York, Toronto
Phone
416-577-4301
info@nrkaccounting.com