Simple Year
US$59 one-time
For a straightforward year with a few bank or card accounts.
150 processing pagesUp to 3 accounts
First Simple Year: US$59 founding price; regular price US$79.
Canada profile · Per fiscal year
Turn Canadian bank statements into tax-ready books
Upload the fiscal year, review uncertain transactions, and download organized books built around Canadian entity and year-end requirements.
Files stay private in your workspace Free preview US$59 · one-time
01
Upload the year
Add bank and credit-card statements for one business and fiscal year.
02
Review only exceptions
Transfers, equipment, and low-confidence items are queued. Everything else is organized.
03
Download the package
Get a country-aware 16-file year-end ZIP your accountant can use.
Free previewPreview is free. Unlock one completed fiscal year when the books look right.
Start a Canadian fiscal year
One person or business. One fiscal year. Canada is preselected, and you can change it before creating the workspace.
Founding priceUS$59 · one-time
Upgrade later by paying only the tier difference.One-time pricing sized to your fiscal year
Choose a plan and pay now, or use the free preview first to estimate the right tier. Every plan includes the same bookkeeping features.
Business Year
US$129 one-time
For an active business with more statements and accounts.
350 processing pagesUp to 6 accounts
High-Volume Year
US$229 one-time
For statement-heavy businesses that still fit self-serve processing.
750 processing pagesUp to 12 accounts
Every tier includes categorization, reconciliation, exception review, the 16-file ZIP, and accounting exports. Upgrade later by paying only the tier difference.
Your Canadian accountant handoff package
16 core PDF and Excel files, including a Canada-aware checklist and schedules for the business activities you select.
Financials4
Financial summary and draft profit and loss.
Transaction ledger4
Categorized activity, expense detail, exclusions, and transfers.
Reconciliation2
Account-by-account statement balance checks.
Accountant checklist6
Country/entity checklist, missing records, and review items.
See all 16 files in the ZIP16
Financials4
Financial summary
Financial_Summary.pdf
Draft profit and loss
Profit_and_Loss.xlsx
Statement-based balance sheet workpaper
Balance_Sheet_Workpaper.xlsx
Draft trial balance workpaper
Trial_Balance_Workpaper.xlsx
Transaction ledger4
Categorized statement ledger
Statement_Ledger.xlsx
Expense detail
Expense_Detail.xlsx
Excluded items and transfers
Excluded_and_Transfers.xlsx
General ledger workpaper
General_Ledger_Workpaper.xlsx
Reconciliation2
Statement reconciliation
Account_Reconciliation.xlsx
Year-end adjusting entries workpaper
Adjusting_Entries_Workpaper.xlsx
Accountant checklist6
Country and entity tax checklist
Country_and_Entity_Tax_Checklist.pdf
Balance-sheet and missing-record checklist
Missing_Records_and_Adjustments.xlsx
Items needing accountant review
Needs_Accountant_Review.pdf
Country and entity tax-mapping workpaper
Tax_Filing_Mapping_Workpaper.xlsx
Country-aware year-end preparation workpaper
Year_End_Preparation_Workpaper.xlsx
Complete unresolved-items register
Unresolved_Items.xlsx
Canadian bookkeeping preparation
What are tax-ready books in Canada?
Tax-ready books organize a fiscal year of bank and credit-card activity into categorized income and expenses, transfers, a draft profit and loss report, statement reconciliations, and a list of records still needed by your accountant. The Canada profile tailors that handoff to the selected entity and Canadian filing context; it does not prepare or file a tax return.
Built for Canadian filing profiles
Choose individual, sole proprietorship, partnership, corporation, or non-profit. The selected profile changes the preparation target, GST/HST wording, missing-record checks, and questions included in the package.
How transaction categorization works
Rules and remembered merchant decisions run first. AI suggestions use the transaction date, description, amount direction, account type, currency, country, entity, accounting method, and business profile. Low-confidence items stay in the review queue, and the system does not infer tax deductibility from a bank description alone.
Clear limits before CRA filing
The package is a statement-based bookkeeping draft, not a completed T1, T2, T5013, GST/HST return, GIFI filing, or assurance engagement. Opening balances, invoices, payroll, inventory, capital assets, loans, shareholder activity, and final accountant adjustments may still be required.
Inside the Canada profile
Canadian context that changes the accountant handoff
The country page is backed by the same Canada-specific profile used inside the workspace and generated package.
Entity-specific preparation targets
The target shown to you and your accountant changes with the legal and filing profile.
- Sole proprietorship: T2125 business or professional activities workpaper
- Partnership: T5013 and GIFI context where applicable
- Corporation: T2 return and GIFI preparation context
- Individual and non-profit profiles with an explicit professional-review boundary
Canadian year-end checks
The package asks questions that bank transactions cannot answer safely on their own.
- Province or territory and whether this is the entity’s first return
- GST/HST registration status and records requiring reconciliation
- Shareholder or owner loan balances
- Prior capital cost allowance schedule when fixed assets exist
Records still needed beyond statements
Missing records remain visible instead of being guessed from transaction descriptions.
- Opening balances, prior returns, and the prior-year trial balance
- Invoices, receipts, accounts receivable, and accounts payable
- Payroll, inventory, capital assets, financing, and tax-payment records
- Final classifications, tax adjustments, financial statements, and filed returns
Canadian Tax Ready Books questions
Straight answers about the Canadian profile, CRA-oriented handoff targets, GST/HST context, missing records, and professional review.
What does the Canada profile produce?
It produces categorized statement-based books, a draft profit and loss report, account reconciliations, missing-record and accountant-review lists, and a Canada-aware PDF and Excel handoff package. The exact checklist changes with the selected entity and business activities.
Does Tax Ready Books file a Canadian tax return?
No. It does not complete, sign, certify, or submit a T1, T2, T5013, GST/HST return, GIFI filing, or other government form. A taxpayer and qualified Canadian professional must confirm tax treatment and complete the applicable filings.
Which Canadian entities are supported?
The Canada profile supports individuals, sole proprietorships, partnerships, corporations, and non-profits or charities. Each choice produces different preparation targets and year-end questions.
Can it help prepare records for Form T2125?
For a sole proprietorship, the package organizes statement activity as a T2125 business or professional activities preparation workpaper. It is not a completed T2125 and does not decide deductibility from a bank description alone.
How are corporations and GIFI handled?
For a corporation, the package uses a T2 and GIFI preparation target and flags records commonly needed beyond statements, including a prior-year trial balance, CCA continuity, shareholder-loan activity, retained earnings, payroll, and tax-payment details.
Does the package calculate GST or HST owing?
No. Your GST/HST registration status shapes the checklist and review context, but the package does not prepare or file an indirect-tax return. Filed returns, input tax credit support, invoices, and adjustments must be reconciled separately.
Can bank statements alone produce complete Canadian financial statements?
No. Statements support cash and credit-card activity, but complete financial statements also need opening balances and records for receivables, payables, inventory, capital assets, loans, equity, payroll, and year-end adjustments where applicable.
Are provincial and territorial requirements covered?
The Canada checklist asks for the relevant province or territory so it is visible in the accountant handoff. Provincial tax, registration, payroll, and industry-specific requirements still require review by an appropriate professional.