Professional Accounting Services in Canada
Helping businesses and individuals navigate the complexities of Canadian financial regulations
Get StartedAbout Us
At domain, we believe in providing clear, straightforward accounting services that empower our clients to make informed financial decisions. Our team of experienced accountants is dedicated to helping Canadian businesses and individuals navigate the complex world of taxation and financial management.
Founded in Toronto in 2010, we have built a reputation for professional excellence, strict confidentiality, and personalized service. Our approach combines technical expertise with a genuine commitment to understanding each client's unique financial situation.
Why Choose Us
Confidentiality
Your financial information is always protected with the highest level of security and discretion.
Expertise
Our team consists of certified professionals with in-depth knowledge of Canadian tax laws and regulations.
Timeliness
We ensure all filings and reports are completed and submitted well before deadlines.
Clarity
Complex financial matters explained in clear, understandable language without unnecessary jargon.
Our Services
Personal Tax Services
Comprehensive personal tax preparation and filing for individuals. We help maximize eligible deductions while ensuring full compliance with CRA requirements.
Business Accounting
Full-service accounting for small and medium businesses, including bookkeeping, financial statements, payroll management, and regulatory compliance.
Tax Planning & Consulting
Strategic tax planning and consultation services to help optimize your financial position and navigate complex tax situations.
Success Cases
Small Business Tax Optimization
A Toronto-based tech startup saved over $45,000 in tax liabilities through our strategic tax planning services. We implemented legitimate tax strategies that aligned with their business growth plans.
CRA Audit Assistance
When a client faced a comprehensive CRA audit, our team provided complete representation and documentation support. The audit concluded with minimal adjustments and no penalties.
Financial System Reorganization
We helped a growing manufacturing business restructure their financial systems, improving efficiency and providing clearer insights into their financial performance.
Financial Education
Understanding basic financial concepts can help you make better decisions about your money. Here are some important financial literacy topics that everyone should know:
Understanding Tax Credits vs. Deductions
Tax credits directly reduce the amount of tax you owe, while deductions reduce your taxable income. In Canada, there are both refundable and non-refundable tax credits available to individuals and businesses.
RRSP vs. TFSA Contributions
Both RRSPs and TFSAs offer tax advantages, but they work differently. RRSPs defer taxes until withdrawal, while TFSAs allow tax-free growth and withdrawals. Understanding the differences helps optimize your savings strategy.
Business Expense Eligibility
Not all business expenses qualify for tax deductions. Expenses must be reasonable and directly related to earning business income. Maintaining proper documentation is crucial for supporting claimed deductions.
Frequently Asked Questions
When should I file my personal tax return in Canada?
For most individuals, the deadline to file personal income tax returns in Canada is April 30th. Self-employed individuals and their spouses have until June 15th to file, but any taxes owed are still due by April 30th to avoid interest charges.
How long should I keep my tax records?
The Canada Revenue Agency (CRA) recommends keeping your tax records and supporting documents for at least six years from the end of the tax year to which they relate. For certain assets, you should keep records until six years after disposing of the asset.
What's the difference between a bookkeeper and an accountant?
Bookkeepers primarily record daily financial transactions and maintain financial records. Accountants provide more comprehensive services including analyzing financial data, preparing financial statements, tax planning, and offering strategic financial advice. At domain, we offer both bookkeeping and full accounting services.
How often should a small business review their financial statements?
We recommend that small businesses review their financial statements monthly to maintain good financial health. Quarterly reviews with an accountant are also beneficial to identify trends, address potential issues, and make informed business decisions.
Can you help with setting up accounting software for my business?
Yes, we provide assistance with selecting, setting up, and training on various accounting software options that best suit your business needs. We have expertise in popular platforms like QuickBooks, Xero, and Sage.