What does an accountant for contractors actually do?

At Pro Business Tax and Accounting we handle your business bookkeeping, bank reconciliations, payroll, payroll taxes, WSIB, HST, and tax planning — all customized for how trades and construction businesses operate. You get clear reporting and stress-free compliance.

Why hire a CPA who understands construction & trades?

Because construction and service trades have unique rules for materials, labour, and HST. We know how to record and structure these correctly so you stay audit-proof and profitable.

Do contractors need to charge/remit HST?

Yes, once you exceed $30,000 in annual revenue. We manage registration, filings, and reconciliations so nothing falls through the cracks.

What's included in a monthly accounting package?

At a high level, it includes bookkeeping, payroll, tax compliance, HST, T2. However, we can custom-fit a package to suit your business's needs to ensure a perfect fit.

Can you help with payroll for subcontractors/employees?

Yes, we certainly can help with payroll, payroll taxes, T4, ROE, T5018, T4A - our model and services are scalable and grow with your business needs.

I'm behind on bookkeeping—can you catch me up?

Totally! We know how stressful it can be to catch up on months and years of bookkeeping. We have a proven system in place that can take the stress out of it. We'll clean up prior years, file outstanding returns, and get you back on track fast.

Do you work with QuickBooks or Xero?

Both! Our team has QuickBooks ProAdvisors and Xero certified bookkeepers to get you setup efficiently.

Do you only work with Ontario-based contractors?

Pro Business Tax and Accounting is based in Vaughan, Ontario - but being a tech-forward firm with cloud based systems we are setup to effectively service clients throughout Canada, except Quebec.

What's the first step?

If you're ready to get started, we can setup a discovery call with one of our team members to understand your business, goals, and pain-points. From there we will customize your accounting package, and get you onboarded. To get started, book a time on our calendar.

CORPORATE TAX PLANNING · ONTARIO

Corporate Tax Planning & Strategies for Ontario Business Owners

Stop overpaying the CRA. We build proactive, year-round strategies — holding companies, retained earnings, income structuring — so more of your profit stays working for you.

Why structure matters

Most business owners pay more tax than they need to — not because they did anything wrong, but because no one planned ahead. The way profit moves out of your company, when it moves, and where it lands makes a real difference to your tax bill.

Defer tax on profits

Keep more capital working instead of pulling it out personally and losing a chunk to tax now.

Protect your assets

Move surplus cash away from operating risk so it's shielded if the business is ever exposed.

Plan for growth & exit

Structure now for investing, bringing in family, or selling later — on your terms.

Case study — Investing $250,000 the smart way

~$90,000 tax hit avoided

A client wanted to invest $250,000 held inside their corporation. Withdrawing it personally first could have triggered an estimated $90,000 personal tax bill. With a holding-company structure and proper documentation, that immediate personal tax was avoided — leaving far more capital available to invest. (Illustrative; outcomes vary by situation.)

Why business owners choose us

Holding companies & retained earnings

Structure surplus profit for deferral, protection, and investing.

Salary vs. dividends

Pay yourself the most efficient way, reviewed every year.

Share freeze & succession

Plan to bring in family or sell — while managing the tax.

Tax-efficient structures & documentation

Done properly and CRA-compliant, with the paperwork to back it up.

The Holdco / Opco structure, simply

A holding company sits above your operating company. Profits can flow up — often tax-free between connected Canadian companies — where they’re protected and can be reinvested

Holding Company (Holdco)

owns shares · holds surplus cash & investments

▲ dividends flow up (often tax-free)

Operating Company (Opco)

runs the business · earns the income

Learn more: Holding Companies in Ontario — full guide

testimonial

Clients Feedback & Reviews

FAQ – Corporate Tax Planning

Is tax planning legal?

Yes. We focus on CRA-compliant planning with proper documentation

Do I need a holding company?

Not always. We recommend the simplest strategy that achieves your goals.

Can you help me invest using retained earnings?

Yes. We design and document strategies based on your facts and plans.

Do you work Canada-wide?

Yes, excluding Quebec filing/reporting

Keep more of what your business earns.

Book a free 15-minute consult and we'll show you where the opportunities are.