NSI Accounting & Financial Services

    Toronto, Ontario 🇨🇦

    Expert Accounting & Tax Services in Toronto

    NSI Accounting serves Toronto's diverse business landscape with expert tax preparation, bookkeeping, payroll, and advisory services. We help Ontario businesses navigate HST compliance, provincial tax credits, and CRA requirements with confidence.

    Call Local Office
    4.9/5 Local Rating
    15+ Years in Toronto
    Serving Toronto Businesses

    Toronto Tax Landscape

    Here's what you should know about taxes in Toronto, Ontario.

    Ontario HST (13%)

    Toronto businesses collect a combined 13% HST (5% federal + 8% provincial), streamlining sales tax compliance into a single remittance.

    Ontario Corporate Tax

    Ontario's general corporate rate is 11.5%, with a reduced 3.2% rate for eligible small businesses on the first $500,000 of active income.

    Employer Health Tax (EHT)

    Ontario employers with payroll over $490,000 pay EHT at rates up to 1.95%, with exemptions for eligible small businesses.

    Ontario Innovation Credits

    The Ontario Innovation Tax Credit provides 8% on eligible SR&ED expenditures for companies conducting research in Ontario.

    Land Transfer Tax

    Toronto is unique in Canada with both a municipal and provincial land transfer tax, effectively doubling real estate closing costs.

    Ontario Personal Tax

    Ontario's personal tax rates range from 5.05% to 13.16%, plus the Ontario Health Premium on incomes over $20,000.

    Our Services in Toronto

    Accounting, tax, and financial services for Toronto businesses and individuals.

    Tax Preparation

    Comprehensive tax planning leveraging Ontario credits and deductions.

    Learn More

    Tax Filing

    HST, corporate, and personal tax filing with CRA compliance assurance.

    Learn More

    Bookkeeping

    Full-service bookkeeping for Toronto's finance, tech, and professional services sectors.

    Learn More

    Payroll Services

    Payroll management with Ontario EHT and WSIB compliance.

    Learn More

    Personal Tax Filing

    Expert personal tax filing maximizing Ontario-specific credits.

    Learn More

    Incorporation Services

    Ontario or federal incorporation with optimal tax structuring.

    Learn More

    Financial Statements

    Audit-ready financial statements for Toronto enterprises.

    Learn More

    CRA Audit Support

    Experienced CRA audit representation for Toronto businesses.

    Learn More

    Service-Specific Pages for Toronto

    Local Expertise

    Why Choose NSI Accounting in Toronto?

    We know Ontario's tax rules and combine that with our cross-border experience to serve Toronto clients well.

    Whether you need expert tax preparation, reliable bookkeeping, or business incorporation support, our Toronto team is here to help. Learn more about NSI Accounting.

    Local Advantages

    Expert HST compliance and optimization for Ontario businesses
    Deep knowledge of Toronto's financial services, tech, and real estate sectors
    Understanding of Ontario EHT, WSIB, and employment standards
    Multilingual services reflecting Toronto's multicultural business community
    Cross-border expertise for Toronto businesses with US operations
    Strong relationships with CRA's Toronto-area offices
    "NSI Accounting has been our trusted partner for over a decade. Their Ontario tax expertise and proactive approach saved our firm hundreds of thousands in taxes."
    MR

    Michael Rodriguez

    Managing Partner, Bay Street Capital Group

    Tax Tips for Toronto Residents & Businesses

    Register for HST if your business revenue exceeds $30,000 over four consecutive quarters — voluntary registration can benefit input tax credit recovery.
    Budget for Ontario's Employer Health Tax if payroll exceeds $490,000; eligible employers get up to $490,000 exemption.
    Toronto property buyers face double land transfer tax — both municipal and provincial — plan for this significant closing cost.
    Leverage the Ontario Innovation Tax Credit (8%) if your business conducts SR&ED activities.
    Claim the Ontario Childcare Access and Relief from Expenses (CARE) credit on your personal return if eligible.
    Consider the Ontario Regional Opportunities Investment Tax Credit for investments in designated regions.

    Accounting FAQs for Toronto

    We Also Serve

    Explore our services in other cities.

    Get Expert Accounting Help in Toronto Today

    Talk to an expert on our Toronto team and let's figure out how we can help.

    Call Toronto Office