Set up the business
Sole proprietor or corporation, federal or provincial incorporation, CRA business number, GST/HST and payroll accounts, corporate banking, and clean separation between personal and business activity.
Selling in Canada
Build the Canadian business behind the storefront
Set up the business, connect marketplace activity to the books, and keep sales-tax and corporate-tax obligations current from the start.
The Canadian compliance file
More than a marketplace payout
A Canadian seller may have a corporation, several tax accounts, multiple sales channels, inventory in different locations, and customer transactions that do not map neatly to bank deposits.
We connect the operating facts to the accounting and filing obligations: who owns the business, where inventory moves, who collected tax, what the platform withheld, and what the corporation must report.
What the setup and ongoing file covers
A structure that can survive growth
Get sales tax right
GST/HST registration, the small-supplier threshold, provincial sales taxes, marketplace collection, Shopify tax settings, input tax credits, filing deadlines, and the records that support each return.
Run the marketplace file
Gross sales, refunds, fees, reserves, chargebacks, payment processors, inventory, freight, duties, 3PL costs, and marketplace payouts reconciled to the books.
Stay current on corporate tax
T2 corporate tax compliance, year-end planning, instalments, salary and dividends, T4/T5 support, shareholder loans, retained earnings, inventory valuation, and CRA correspondence.
Corporate tax compliance
The T2 is the end of the process, not the whole process
Corporate tax compliance depends on books that explain marketplace settlements, inventory and COGS, advertising, freight, duties, payment fees, owner transactions, and sales-tax balances.
Depending on the facts, the file may also include corporate instalments, payroll remittances, T4s, T5s, shareholder-loan review, retained earnings, and annual corporate registry requirements.
Canadian compliance calendar
01MonthlyBooks, settlements, inventory, and bank accounts reconciled
02PeriodicGST/HST and provincial sales-tax filings, payroll where applicable
03AnnualT2, owner slips, inventory and COGS cut-off, corporate records
04PlanningInstalments, compensation, expansion, and wind-down decisions
Common failure points
The problems are usually in the connections
01
Treating GST/HST collected as revenue or spendable cash
02
Assuming a marketplace has handled every Canadian tax obligation
03
Mixing personal purchases with corporate and inventory transactions
04
Filing a T2 without reconciling settlements, inventory, and sales-tax accounts
05
Incorporating without a corporate bank account, records, or a filing calendar
Scope
Canadian accounting and tax coordination
EcomCount provides Canadian accounting, tax compliance, and coordination for marketplace sellers. Foreign registrations, customs advice, legal advice, and local filings are handled with qualified partners where required.