Corporate tax accountant for franchises in Toronto and the GTA

A franchise return has to follow the franchisor's reporting and still be right for the CRA. Listed accountants on our platform book royalties, ad-fund fees and location payroll, then file the corporate return on time.

Royalty and advertising fees, initial franchise fees and location build-out are not all treated the same. Some are expenses, some are capital.

The accountants listed here also reconcile franchisor statements to your bank deposits so sales, fees and HST agree.

What is handled for franchise owners

1. 1

   Corporate tax filing (T2)

   Each franchise corporation's return is prepared from reconciled location books and filed on time.

2. 2

   Royalties and ad funds

   Fees taken by the franchisor are booked against the right sales period so profit is not overstated.

3. 3

   Startup fees and build-out

   The initial franchise fee and leasehold improvements are capitalized where they should be, instead of expensed all at once.

4. 4

   HST

   Tax on sales is reconciled to franchisor reports and input tax credits on fees and supplies.

5. 5

   Payroll

   Location staff are paid with remittances and T4s, including high-turnover roles.

6. 6

   Multi-location books

   If you own more than one site, each location's sales and costs stay separate inside the file.

Who this helps