GST/HST records
Track taxable, zero-rated, and exempt supplies where applicable, tax collected, input tax credit support, and adjustments by reporting period.
Ontario · Canada
Bookkeeping services for Ontario businesses.
Ontario businesses need bookkeeping that supports Canadian income tax, GST/HST, payroll, and year-end reporting. Realtime FinanceFix helps owners reconcile accounts, retain source documents, and keep Canadian-dollar records organized for CRA programs.
ON Context
Books prepared for Ontario reporting
The Canada Revenue Agency administers federal and Ontario-administered business programs including GST/HST, payroll deductions, corporation income tax, and business or professional income reporting. Each program account has its own records and filing context, so balances should be reconciled separately.
Payroll deductions
Reconcile wages, income-tax deductions, Canada Pension Plan contributions, Employment Insurance premiums, employer amounts, and remittances.
Corporation and proprietor records
Keep shareholder, owner, loan, capital-asset, and business-use items separate according to the taxpayer's legal form.
Source documents and currency
Retain invoices and receipts with enough detail to support GST/HST treatment and document foreign-currency conversions consistently.
How RFF Helps
A practical bookkeeping workflow for Ontario
RFF combines a consistent monthly process with the jurisdiction detail that Ontario businesses need to preserve. The exact scope is agreed during onboarding and adjusted to the business's accounts and filing responsibilities.
- 01
Onboard
Confirm the business structure, accounting platform, Ontario accounts, reporting rhythm, and records RFF will receive.
- 02
Reconcile
Categorize activity, reconcile bank and credit card accounts, and compare payroll or indirect-tax records with the ledger.
- 03
Review
Flag unclear transactions, missing support, jurisdiction questions, and Ontario balances that need owner or tax-professional input.
- 04
Report
Close the period, provide agreed financial reports, and carry open items into a visible follow-up list rather than hiding them in the books.
Records That Matter
Keep the source file as clear as the final report.
Ontario taxpayers should retain reconciled Canadian-dollar books, invoices and receipts, GST/HST workpapers, payroll records, shareholder or proprietor schedules, prior T1 or T2 filings, payments, and CRA correspondence.
The applicable records and filing requirements depend on the taxpayer's facts. RFF confirms the engagement scope before work begins and does not treat this regional overview as a substitute for advice about a specific transaction or deadline.
Primary Sources
Current Ontario tax resources
Jurisdiction-specific statements on this page are based on the following government resources. Use the responsible authority for current forms, rules, account instructions, and deadlines.
CRA business taxes
Official GST/HST, payroll, corporation, business-income, registration, filing, and payment resources.
Official government resource ↗GST/HST for businesses
Official CRA registration, charging, input tax credit, filing, remittance, and record guidance.
Official government resource ↗GST/HST records to keep
Official CRA guidance on source documents, invoices, returns, and other records that support GST/HST reporting.
Official government resource ↗Next step
Discuss bookkeeping for Ontario.
Tell RFF about the entity, records, reporting accounts, and current priorities so the team can confirm an appropriate scope.
Contact Realtime FinanceFix