It does the counterfactual
Not "you may qualify for the Quick Method". Instead: here is what you paid, here is what you would have paid, here is the difference, and here is the date after which you cannot have it.
For incorporated Canadian contractors
It tells you about the money you're leaving on the table, before the deadline to claim it passes.
Bookkeeping, GST/HST and corporate tax figures for a one-person corporation that CRA treats exactly like an enterprise. It reads your books, finds the elections and credits you qualify for, and tells you what each one is worth in dollars while there is still time to claim it.
Built in Canada, for Canadian corporations. Cancel any time.
The difference
Most bookkeeping software records what already happened.
Reminders and unread badges are table stakes. Every accounting package has them. What a general purpose ledger cannot do is model a CRA election and then work out what that election is worth against your books, specifically. That is the part we built.
Example of a notice
You would have saved $3,100 by electing the Quick Method. The election deadline is in 47 days.
An illustration of the format, not a customer result. Your figure comes from your books and will be different from anyone else's.
It shows its work
Every figure opens into the transactions behind it and names the CRA rule it came from. You are the one signing the return, so you get to check it.
It stays quiet otherwise
A notice that fires when there is nothing to do is how you learn to ignore all of them. If your books are current and nothing is due, you hear nothing.
Your year, on one page
Every deadline and every election, in order.
Instalments, GST/HST periods, the T2, payroll remittances, and the elections with money attached. What is done, what is coming, and what closes soon. You can step forward a year to see a window before it opens, which is the only way to catch an election in time.
A drawing of the timeline screen in the product's own colours. The figures on it are illustrative.
How it works
Get your books in, get your numbers out.
None of this needs an accounting background. It is built for someone who bills by the hour and wants the corporate paperwork to stop eating weekends.
1. Bring your transactions in
Upload bank and credit card statements as PDF or CSV, or connect the account directly. It shows you which date ranges are covered and where the gaps are, so you are never guessing whether a quarter is complete.
2. It categorises, and it learns
Transactions are classified against a Canadian merchant index and your own history. Correct something once and it remembers the vendor, the category and the business use percentage.
3. Take the numbers to CRA
Your GST/HST return in the NETFILE layout, your T2 figures and GIFI export, your T4 and T5 slips, and what you can safely pay yourself without stranding the corporation on tax day.
What it does
- GST/HST returns, regular method and Quick Method, laid out the way CRA's NETFILE form asks for them
- Corporate tax figures and a GIFI export for your T2
- T4 and T5 slips for a small corporation
- Safe to Spend, so you know what is genuinely yours and what is CRA's
- Expense reports for business costs you paid personally, settled against your shareholder loan
- Deadline and election notices, with the dollar figure attached
What it does not do, so nothing surprises you later
- It does not transmit anything to CRA for you. You file, using the figures and forms it prepares
- It is not a CPA and does not give tax advice. It is software that shows its arithmetic
- It does not do your personal taxes. This is your corporation's books, not your T1
That list is up here rather than buried in a footnote on purpose. This audience checks, and working out the limits yourself after paying is a worse way to find them.
Pricing
One plan. Everything in it.
No feature tiers, no per-seat pricing, and no upsell to get your own numbers back out. One corporation, everything the product does.
Free trial
$0/ 7 days
Card required · cancel any time
One bank statement, parsed and categorised in full. See exactly how well it reads your bank's format before you pay for anything.
Start free trialMonthly
$69/ month
$828 over a year
One month of statements each month, and every tax output: GST/HST returns, the T2 package, T4 and T5 slips.
Start monthlySave $240
Annual
$588/ year
Works out to $49/month · 29% less
A full year of statements up front. Same product as monthly, you're paying for the year in one go instead of twelve.
Start annualAll prices in Canadian dollars, plus GST/HST at your province's rate.
Before you enter a card, here is exactly what happens
- The free trial runs 7 days and includes one full bank statement, processed the whole way through to your figures.
- A card is required to start it. Nothing is charged while the trial is running.
- The first charge lands 7 days after you start, at the price of the plan you picked above, plus GST/HST at your province's rate.
- Cancel at any point in those 7 days and you are not charged. Cancelling is in the app under Account, then Subscription. One click, and you do not have to contact anyone.
- If you join partway through a fiscal year and want the earlier months processed too, there is a catch up charge for those months. It is quoted to you in dollars before you agree to it, and it is capped at the annual price.
The full terms are in the terms of service.
Who it is for
Small Canadian corporations that file their own returns.
A good fit
You are incorporated in Canada, somewhere between one and five people. You bill clients, you pay yourself, and you would rather understand your own numbers than hand a shoebox to somebody in April. IT contractors, consultants, developers, project managers and business analysts are the audience it was designed around, and it suits most small corporations.
Not a fit yet
You are a sole proprietor without a corporation, you want somebody to file on your behalf, you carry inventory, or you run a payroll bigger than a handful of people. Those all need things this does not do, and it is cheaper for both of us to say so here.
Questions
The things people actually ask.
Do you file my return with CRA?
No. It prepares your GST/HST return in CRA's NETFILE layout, your T2 figures and a GIFI export, and your slips. You submit them, or hand them to an accountant. Filing on your behalf needs a CRA certification we have deliberately not claimed.
Is a CPA reviewing my books?
No, and any older description of this product saying otherwise is out of date. It is software. It shows the arithmetic behind every number and names the CRA rule it came from, so that you or your accountant can check it. Nothing here is tax advice.
How is this different from QuickBooks?
For recording transactions, honestly, not very. The difference is what happens after the recording. This models Canadian corporate tax elections, works out what each one is worth against your specific books, and tells you before the window shuts. A general purpose ledger built to work in many countries does not do that, and it is not a small feature somebody forgot.
What happens to my figures if I cancel?
Your data stays yours and your account keeps its records. The computed outputs, meaning the T2 figures, the GIFI export, the return layouts and the slips, are part of the subscription and stop being available when it lapses. That is stated plainly in the terms rather than left to be discovered at renewal.
Can I bring in a fiscal year that is already underway?
Yes. Upload the earlier statements and it will process them. Months before your subscription started carry a catch up charge, quoted in dollars before you agree to it and capped at the annual price, so joining late never costs more than having been there all year.
Which provinces does it handle?
GST and HST across Canada, at the rate for your province. Provincial sales taxes that run separately from GST, meaning PST, RST and QST, are not modelled yet. If you charge those to your own clients, that part is still on you today.
Get in touch
Questions before you start?
I am Michael, and I built this because running the financial side of my own one person corporation turned out to be far harder than it needed to be. If something here does not fit your situation, tell me. I would much rather hear it now than have you find out after paying.
Email
michael@contractorbooksai.com
LinkedIn
Michael Morfee