Bronte Bay CPA Professional Corporation is a boutique accounting firm serving incorporated Canadian businesses across Toronto, Vancouver, and all of Canada. Led by Subhash Sharma, CPA, CMA, MBA — nearly 40 years of Canadian and international accounting experience — we provide the full range of accounting, tax, and advisory services that incorporated businesses need, under one fixed monthly fee with no hourly billing and no surprise invoices.
Every Bronte Bay client is on Xero from day one. Every file is handled by a CPA — not delegated to a junior bookkeeper. And every engagement includes the proactive tax planning and financial advice that most accounting firms reserve for their largest clients.
Accounting Services for Incorporated Businesses — What Bronte Bay Provides
Monthly Bookkeeping on Xero
Bank reconciliation, expense categorization, accounts receivable, accounts payable, and month-end close — producing accurate financial statements every month. All clients on Xero with Hubdoc for paperless receipt capture. Financial statements available by the 15th of the following month.
View Bookkeeping Packages →Corporate Tax Return (T2)
Full T2 preparation and filing for Canadian Controlled Private Corporations (CCPCs). Corporate tax planning throughout the year — not just at year-end. Ontario SBD rate 12.2% / BC SBD rate 11% on the first $500,000 of active business income. Passive income monitoring to protect the small business deduction. Salary vs dividend optimization modelled annually.
View Year-End Packages →HST / GST Filing
Quarterly and annual HST/GST return preparation and filing. Input Tax Credit (ITC) maximization — ensuring all eligible business expenses generate ITC recovery. HST registration, voluntary registration advice, and CRA correspondence management. Ontario 13% HST and BC 5% GST clients both served. Deadline tracking included — no missed filing penalties.
View Tax Services →Payroll Processing
Full payroll processing for incorporated businesses with employees — CPP (5.95% employee, 11.9% employer combined up to YMPE $73,200), EI (1.64% employee, 2.296% employer), and income tax remittances due by the 15th of each month. T4 preparation and filing by February 28. ROE preparation. CRA payroll account management. Payroll for owner-operators — salary vs dividend modelling included.
View Accounting Services →Virtual CFO & Business Advisory
CFO-level financial leadership without the $200,000+ full-time cost. 13-week rolling cash flow forecasts. Annual budget and monthly variance reporting. Financial modelling for major decisions — new hires, capital expenditures, acquisitions. Quarterly business reviews. KPI dashboards in Xero. Succession planning and LCGE optimization (~$1.25M lifetime exemption). CRA audit support and representation.
View Business Advisory →Personal Tax (T1) for Business Owners
T1 personal tax return preparation for incorporated business owners — integrating salary, dividends, RRSP contributions, investment income, and rental income into one optimized filing. RRSP contribution optimization (2026 limit: $32,490). TFSA strategy (2026 cumulative room: $102,000). Capital gains planning. Spousal income splitting. Filing deadline April 30 / June 15 for self-employed.
View Tax Services →Why Incorporated Canadian Businesses Choose Bronte Bay
- CPA-led — not delegated. Every file at Bronte Bay is handled by Subhash Sharma, CPA, CMA, MBA. Your books are not reviewed by a junior bookkeeper and signed off at year-end — they are managed by a CPA every month.
- Fixed transparent pricing. No hourly billing. No surprise invoices. You know the cost before you sign. Pricing is published at brontebay.com/year-end-packages/.
- Certified Xero Partner. Every client is on Xero from day one — real-time financial visibility, Hubdoc for paperless receipts, bank feed automation, and financial statements ready every month.
- Bookkeeping and tax under one roof. The CPA who manages your monthly books is the same CPA who files your T2, optimizes your salary/dividend split, and advises on your next financial decision. No handoff between separate bookkeeping and tax relationships.
- Toronto and Vancouver. Two offices across Canada’s two largest business cities — serving incorporated businesses in Ontario, BC, and all of Canada remotely.
- Nearly 40 years of experience. Canadian and international accounting experience across industries — manufacturing, import/export, restaurant, real estate, professional services, technology, and franchise.
Bronte Bay vs Other Accounting Options — How We Compare
| Big 4 / National Firms | DIY / Online Software | Bronte Bay CPA | |
|---|---|---|---|
| Who handles your file | Junior staff; partner rarely involved | You — no CPA | CPA every month |
| Pricing | Hourly — unpredictable | Low software cost; high time cost | Fixed monthly — published |
| Bookkeeping + Tax | Often separate relationships | Bookkeeping only — no tax advice | Integrated under one CPA |
| Cloud accounting | Varies | QuickBooks or basic tools | Xero — certified partner |
| Tax planning | Year-end only for most clients | None | Year-round — monthly review |
| Virtual CFO | Mid-market clients only | None | Included in advisory package |
| Right for | Large corporations $20M+ | Sole proprietors under $100K | Incorporated businesses $200K–$15M |
Industries We Serve
Bronte Bay serves incorporated businesses across a wide range of industries — with specific accounting expertise in each:
- Restaurants and Food Service — food cost tracking, tip reporting, HST on prepared food, COGS management
- Real Estate Investors — rental income, property flipping, HST on new builds, capital gains vs income
- Import and Export — customs duties, landed cost accounting, CUSMA/CETA duty-free qualification, cross-border HST
- Startups and Tech Companies — SR&ED tax credit claims, stock option planning, investor-ready financial statements
- Law Firms and Professional Services — trust account reconciliation, WIP tracking, partner distributions
- Medical Clinics — HST-exempt medical services, physician corporation structures, overhead allocation
- Franchises — royalty tracking, franchisor reporting, multi-location bookkeeping
- Consultants and Self-Employed Professionals — incorporation timing, salary/dividend optimization, RRSP strategy
Key CRA Deadlines for Incorporated Canadian Businesses — 2026
| Deadline | Obligation | Notes |
|---|---|---|
| 15th of each month | Payroll remittances | CPP, EI, and income tax withheld |
| February 28 | T4 slips to employees and CRA | Late filing: $25/day penalty |
| March 2, 2026 | RRSP contribution deadline | For 2025 tax year deduction |
| April 30 | Personal T1 tax return | June 15 if self-employed |
| Quarterly | HST/GST returns | For businesses $1.5M–$6M revenue |
| 6 months after fiscal year-end | Corporate T2 return | Tax owing due 2–3 months after year-end |
| Quarterly instalments | Corporate tax instalments | Required when tax owing exceeds $3,000 |
📋 CPA Note: Bronte Bay tracks every CRA deadline for every client — payroll remittance dates, HST filing deadlines, T2 due dates, and instalment schedules. Missed deadlines generate CRA penalties and interest that are not deductible. With Bronte Bay managing your compliance calendar, you focus on your business — we handle the CRA.
Frequently Asked Questions
“The team has a lot of experience and is very friendly and supportive. Subhash is always able to advise us and share his insightful experience. He has an abundance of business experience and knowledge across industries and jurisdictions.”
— Managing Director, Lyra Marketing · Verified Clutch Review
Read all reviews on Clutch →Ready to Work with a CPA Who Knows Your Business?
Book a free 30-minute consultation — no obligation, no pressure. Most new clients are onboarded within one week. See our fixed pricing before you commit.
Toronto: 5000 Yonge Street, Suite 1901, North York, ON M2N 7E9 · Vancouver: 600-1285 West Broadway, BC V6H 3X8 · +1 416-439-4648
Related pages: Accountant in Toronto · Accountant in Vancouver · Monthly Bookkeeping · Year-End Packages · Virtual CFO & Business Advisory · Tax Services