Price List

Parallel CPA believes in transparent pricing. The following are helpful price estimates to get you started. These are guidelines and subject to change depending on individual circumstances.

Personal Tax

$110-$400 - Our tax rates range within these per-hour charges.

$200 - This is our current minimum rate per personal tax return.
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$350-$500 – Standard tax return with rental properties (T776).
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$350-$750 – Sole proprietorship (T2125) information.
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$350-$700 – Standard tax return with various investment slips and capital disposition summaries.
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$550-$1000 – Sole proprietorship with rental properties.

Corporate Tax

$750-$1,500 - Corporate tax return preparation.
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$2,000-$3,000 - Prepare Compilation Engagement Report level financial statements, no corporate tax return.
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$2,250-$4,000 – Corporate year-end and tax return preparation. The end result will be a set of financial statements with our standard Practitioners Communication attached and a duly completed corporate income tax return, prepared based on the final set of financial statements.
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$2,250-$3,500 – Our experience has been that the first-year costs are within this range, re: set-up, transition and our getting to know your business.

Cloud Bookkeeping

Cloud bookkeeping services for most businesses have specific requirements. We approach each client as a unique entity and, as such, use a combination of baseline standard pricing with added customization in our proposals. Please contact us and we will be happy to provide you with a quote for our services.

Other Services

For all other services, including our Contract CFO, Startup Management and Software Setup please contact us and we will be happy to provide you with a quote for our services.

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Our final prices will be based on the complexity of the information being processed and the organization
and completeness of the records received.

Frequently Asked Questions

What can I expect at our first meeting?
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Our initial consultation is always free. This includes a short sit-down appointment to discuss your needs as a personal tax or corporate tax, year-end or cloud-based bookkeeping client.
Where will my first meeting take place?
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We believe that it is important to understand your business as much as possible, and we are always available to come to you. For personal tax clients, we are available to meet via Zoom, on the phone or at our office – whichever is more convenient.
What do I need to bring with me for my first appointment?
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For tax related appointments, please provide your previous year’s personal and/or corporate tax returns. We would also appreciate receiving any legal incorporation documents including:
- Certificate of Incorporation
- Articles of Incorporation
- Notice of Incorporation
- Up-to-date Central Securities Register
How long will it take to process my personal tax return?
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For an uncomplicated personal tax return, our general turn around time is a few days.
What types of client’s do you work with?
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We work with all types of clients including personal tax clients, small- to medium-sized corporate clients, not-for-profit clients, and bookkeeping clients.
How do you bill me?
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Normally, we invoice at the end of an engagement. Depending on the complexity of the work to be performed and an individual client’s situation, we may request a retainer.
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Please refer to our price page for more information on our estimated cost per engagement.
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Note: We currently accept cash, cheque and Interac e-transfers.

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