Accounting, Tax & Business Services in Toronto & Across Canada
Lira Tax & Accounting Inc. provides personal and corporate tax preparation, bookkeeping, payroll, GST/HST, business registration, incorporation, and fractional CFO advisory — for individuals and businesses in Toronto, Ontario, and across Canada. Browse all 17 services below, or book a free consultation to find the right fit.
Business License Applications
Ideal for: New businesses needing a municipal, provincial, or industry-specific license, and existing businesses renewing one that's expiring.
Professional assistance with business license applications including municipal licenses, professional licenses, and industry-specific permits. We help navigate the application process and ensure all requirements are met for your specific business type.
What’s Included
Review of which municipal, provincial, or industry-specific licenses apply to the business
License application preparation and submission
Renewal tracking so an existing license doesn't lapse
Assistance responding to a licensing body's request for additional information
Ideal for: Ontario corporations that need to file an annual return or manage their profile through the Ontario Business Registry online.
Get your Ontario Company Key to access online business services, file annual returns, and manage your business with the Ontario government. We assist with the application process and ensure you have all necessary documentation for seamless online business management.
What’s Included
Ontario Company Key request and retrieval
Setup for online access to the Ontario Business Registry
Guidance on using the Company Key to file annual returns and updates
Assistance if a Company Key is lost and needs to be reissued
Ideal for: Anyone incorporating a business or registering a business name who needs to confirm it's available first.
Professional NUANS (Newly Upgraded Automated Name Search) services to check business name availability across Canada. We conduct thorough searches to ensure your chosen business name is unique and available for registration. Essential for incorporation and business registration.
What’s Included
NUANS name search request and report
Review of the report for conflicting or similar existing names
Guidance on name requirements for incorporation vs. business name registration
Report provided in the format required for incorporation filings
Ideal for: Ontario corporations required to file an annual return to stay in good standing.
Professional annual return filing services to keep your business in good standing with the Ontario government. We handle all documentation, ensure timely filing, and maintain your business compliance. Essential for ongoing business operations.
What’s Included
Annual return preparation and filing with the Ontario Business Registry
Confirmation that corporate information on file is current (address, directors, officers)
Tracking of filing deadlines to avoid falling out of good standing
Assistance resolving a corporation marked as not in good standing
Ideal for: Individuals and businesses looking for general tax preparation support beyond a standard T1 or T2 filing.
Comprehensive tax preparation services for individuals, sole proprietors, partnerships, and corporations. Our experienced tax professionals ensure accurate filing, maximize deductions, and maintain full compliance with CRA requirements. Personal and business tax returns with expert guidance.
What’s Included
Review of prior-year returns and current tax documents
Preparation of the applicable federal and provincial tax filings
Identification of eligible deductions and credits
Electronic filing with the CRA and confirmation of acceptance
Ideal for: Founders raising capital, established businesses planning expansion, and leadership teams needing a working financial roadmap for growth, turnaround, or restructuring.
We develop rigorous, investor-grade business plans that translate vision into actionable financial strategy — combining operational modeling, capital strategy, and governance design into a working roadmap leadership can execute against.
Ideal for: Businesses with gross annual revenues over $30,000, e-commerce sellers, and commercial landlords.
Professional GST/HST registration services including application preparation, business number registration, and ongoing compliance guidance. We help determine if registration is required and assist with all related documentation and filing requirements.
What’s Included
GST/HST account registration with Canada Revenue Agency
Monthly, quarterly, and annual GST/HST sales tax return preparation and filing
Input Tax Credit (ITC) calculation and maximum expense tax recovery
Quick Method of Accounting election and evaluation for small businesses
Cross-provincial sales tax rules (PST in BC/SK/MB, QST in Quebec)
Sales tax audit preparation, documentation organization, and CRA defense
Ideal for: Contractors incorporating for the first time, and partnerships converting to a corporation.
Complete Ontario incorporation services including federal and provincial incorporation. We handle all documentation, name searches, and filing requirements. Professional guidance throughout the entire incorporation process to ensure your business is properly established.
What’s Included
Ontario Provincial & Federal Corporation incorporation filing
Certified NUANS corporate name search and clearance reports
Articles of Incorporation and share structure design
Ontario Company Key retrieval and corporate profile reports
CRA Business Number (BN), corporate income tax, and payroll account setup
Ideal for: Startups and existing businesses looking for guidance on financial, operational, or growth decisions.
Comprehensive business consulting services including business planning, financial analysis, growth strategies, and operational improvements. Our experienced consultants provide expert guidance to help your business succeed and grow in the competitive Ontario market.
What’s Included
Review of current business operations and financial position
Identification of areas for improvement or growth
Practical recommendations tailored to the business's stage and goals
Ideal for: Existing businesses that need to legally change their registered or corporate name.
Complete business name change services including documentation preparation, government filings, and notification requirements. We handle all aspects of changing your business name while maintaining compliance with provincial and federal regulations.
What’s Included
Name availability search for the new name
Preparation and filing of the name change documentation
Updating the business's registration or Articles of Incorporation
Guidance on notifying the CRA and other agencies of the name change
Ideal for: Business owners ready to formally close a corporation or registered business.
Complete business dissolution services including final tax returns, government notifications, and asset distribution. We guide you through the proper closure process to ensure all legal and tax obligations are met when closing your business.
What’s Included
Preparation of dissolution documents and filings
Guidance on final tax returns and CRA account closures
Notification requirements to relevant government agencies
Confirmation that the business is properly closed and in good standing at wind-up
Ideal for: Incorporated businesses, holding companies, professional corporations (medicine, law, dentistry), and startups filing their first T2.
Expert corporate tax return preparation including T2 returns, tax planning, and compliance services. We ensure accurate filing, optimize tax strategies, and maintain full compliance with corporate tax regulations. Professional guidance for all corporate tax matters.
What’s Included
Federal & Ontario provincial T2 corporate tax return e-filing
Small Business Deduction (SBD) optimization & active business income review
Capital Cost Allowance (CCA) depreciation pools & capital gains schedules
Notice to Reader / Compilation Engagement financial statements
Shareholder loan reconciliation and salary vs. dividend planning
Ideal for: Employed individuals, self-employed freelancers, real estate investors, retirees, and families.
Professional personal tax return preparation including T1 returns, tax planning, and optimization strategies. We help maximize your deductions, ensure accurate filing, and provide year-round tax advice. Personal attention to your individual tax needs.
What’s Included
Employment income (T4) & investment income slips (T5, T3, T5008, T5013)
Self-employed and gig economy business statement preparation (Form T2125)
Rental property gross revenue and deductible expenses reporting (Form T776)
Foreign property reporting (Form T1135) and foreign tax credits
RRSP, FHSA (First Home Savings Account), childcare & medical expense claims
Prior year adjustments (T1-ADJ) and CRA Notice of Assessment review
Ideal for: Small and medium business owners, retailers, contractors, and service companies.
Complete bookkeeping services including accounts payable/receivable, bank reconciliation, financial statement preparation, and month-end closing. We maintain accurate financial records to help you make informed business decisions and ensure tax compliance.
What’s Included
Monthly, quarterly, and annual general ledger maintenance
Bank, credit card, and payment processor (Stripe/Square/Moneris) reconciliations
Accounts Payable (A/P) and Accounts Receivable (A/R) management
Trial balance generation, income statement, and balance sheet preparation
Cloud accounting system integration with QuickBooks Online and Xero
Year-end tax ready bookkeeping packages and financial binders
Ideal for: Canadian employers with salaried, hourly, full-time, part-time, or seasonal staff.
Full-service payroll management including salary calculations, tax deductions, CPP/EI remittances, and T4 preparation. We handle all payroll compliance requirements and ensure timely remittances to CRA. Professional payroll services for businesses of all sizes.
What’s Included
Direct wage calculation, bonus structuring, and digital pay stub delivery
CPP, EI, and income tax source deduction calculation and tracking
Monthly CRA payroll deduction remittance schedules and filings
Ideal for: New business founders, sole proprietors, and partnerships registering or renewing in Ontario.
Professional business registration services including sole proprietorship, partnership, and trade name registration. We handle all the paperwork and ensure your business is properly registered with the Ontario government. Fast, reliable, and affordable registration services.
What’s Included
Sole proprietorship, general partnership, and trade name registration
Business name renewal and Master Business Licence filing
CRA Business Number (BN) setup — income tax, payroll, and GST/HST accounts
Preliminary NUANS name search for sole proprietors and partnerships
Business licence and municipal permit guidance
Registered information updates and annual renewals
Ideal for: Growing businesses that need senior financial leadership but aren't yet ready for a full-time CFO hire.
We function as an embedded strategic finance partner, not just an external advisor — improving financial clarity, strengthening decision-making, and aligning finance with business strategy for growing companies that need CFO-level judgment without a full-time hire.
What’s Included
Executive financial leadership and board-level advisory
Cash flow management and financial restructuring
Budgeting, forecasting, and enterprise FP&A frameworks
