Welcome to On Time Accounting
Choosing an accountant is one of the most important decisions you’ll make. We hope to make it a bit easier.
We offer a complete range of accounting, tax and consulting services, delivered with a personal and professional touch. We see our role as a trusted partner: we know our business, and we respect yours.
- Trucking & transport
- Closely-held businesses
- Emerging public companies
- Franchise owners
- Doctors & professionals
- High net worth individuals
- Not-for-profits & foundations
About Us
A Brampton firm with a reputation for trucking.
On Time Accounting Solutions Ltd. is a professional accounting firm serving individuals and businesses in the Greater Toronto Area. We are recognized as one of the top accounting firms for trucking businesses.
With more than 19 years of Canadian experience, we work with a wide range of clients: closely-held businesses, emerging public companies, high net worth individuals, not-for-profits and foundations. That experience lets us get to the heart of a client’s issues quickly and produce effective, timely solutions.
Our growth comes from our commitment to client service, which shows up in three ways:
- 01
Quality and timely service
Work that is accurate, complete and delivered on time. It’s in our name.
- 02
Personal contact all year
You can reach us all year, not just in tax season.
- 03
Innovative solutions
Practical, creative approaches to the problems our clients bring us.
If you’re looking for a productive relationship with trusted financial experts, we may be the right match for you.
Karnjit DosanjhOn Time Accounting Solutions Ltd.
Services
World-class service for every client, large or small.
Company Incorporation & Business Registration
Federal and Ontario incorporations, business name registration and initial setup.
Complete Accounting & Bookkeeping
Monthly, quarterly or annual bookkeeping that keeps your records current.
Year-End Financial Statements
Statements prepared for owners, lenders and the CRA.
Corporate & Personal Taxes
T1 and T2 returns, prepared accurately and filed on time.
Tax Planning
Planning that keeps your tax bill as low as the law allows.
HST, WSIB & Payroll Taxes
HST returns, WSIB reporting, payroll, source deductions and T4s.
Free E-File
Electronic filing with the CRA at no extra charge.
Handling Audits & Appeals
We represent you through CRA reviews, audits, objections and appeals.
Mortgages & Business Loans
Help preparing and arranging financing for your home or business.
Business Plans & Forecasts
Business plans, cash flow projections and forecasts for growth and financing.
Tax Info
Key tax deadlines
The dates most of our clients need to know. Deadlines that fall on a weekend or holiday move to the next business day.
| Item | Deadline |
|---|---|
| Payroll source deductions | By the 15th of the month after you pay employees (regular remitters) |
| RRSP contributions | Within the first 60 days of the year, for the previous tax year |
| T4 slips & summary | Last day of February |
| Personal taxes | April 30, to file and to pay any balance owing |
| Self-employed individuals | Pay any balance owing by April 30 File by June 15 |
| Corporate taxes | Pay any balance owing 2 months after year-end (3 months for many small Canadian-controlled private corporations) File within 6 months of year-end |
Checklist: business expenses to track
This isn’t a complete list, and your business may have other costs. As a rule, if it’s a business expense it’s probably deductible. Keep all your invoices in case the CRA ever audits you.
- Rent or home office
- Utilities
- Telephone & internet
- Website
- Insurance
- Postage
- Office supplies
- Software
- Business supplies & equipment
- Repairs
- Uniforms
- Employee salaries & compensation
- Payroll taxes
- Auto expenses & lease
- Parking & public transit
- Travel
- Moving expenses
- Advertising & promotion
- Entertainment & meals
- Professional, accounting & legal fees
- Licences, permits & memberships
- Business-related publications
- Business-related education
- Interest on business purchases
- Bank & financial institution fees
- Bad debts
- Casualty & theft losses
- Closing costs on a business or building
Resources
Useful links & forms
Useful links
Downloads
For forms we haven’t posted yet, email us and we’ll send them to you.
Contact Us
Let’s talk about your books.
- Office
- (905) 794-8283
- Mobile
- (416) 419-2144
- Fax
- (905) 794-3686
- Address
- Gore Centre, Gore Road & Ebenezer Road
4515 Ebenezer Rd, Suite 217
Brampton, ON L6P 2K7