itbalance

itbalance

Accounting & Tax Services for IT Companies and Freelancers in Canada

Stay focused on code, clients, and growth — we’ll take care of the books, taxes, and CRA.

itbalance provides specialized accounting services for IT businesses, startups, and independent professionals across Canada. From monthly bookkeeping and payroll to GST/HST, corporate tax and compliance, we keep your finances clean, clear, and under control.

Our services Send a request

Here’s what sets us apart:


Niche Focus on IT

We don’t try to serve every industry. Our focus is IT and digital professionals, which means we:

  • Know the tools you use (GitHub, Jira, cloud platforms, design software, etc.)

  • Understand typical contracts and billing models

  • Are familiar with common expense categories and how CRA treats them

This saves you time and gives you better answers from day one.

Remote-Friendly, Canada-Wide

We work with clients across Canada, fully online.

  • Secure document sharing

  • Virtual meetings and consultations

  • Cloud-based accounting systems

  • Flexible communication (email, chat, video calls)

No need for in-person visits — your accountant is wherever you are.

Clear Communication, No Jargon

We explain things in plain English. You’ll always know:

  • What you owe and when

  • What we are doing for you

  • What each report or line item means

Our goal is that you feel confident, not confused, about your finances.

Transparent Pricing

No hidden fees, no surprises.

We offer:

  • Fixed monthly packages for ongoing bookkeeping and compliance

  • Project-based pricing for one-time needs (catch-up bookkeeping, incorporation, CRA issues)

  • Clear quotes before we start

You know exactly what you’re paying for — and what you get in return.

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We Speak Your Language: Tech + Accounting

You build apps, SaaS products, and digital solutions — we build financial clarity.

itbalance works exclusively with:

  • IT companies and software development firms

  • SaaS and product-based startups

  • Freelance developers and software engineers

  • Designers, UX/UI specialists, and product managers

  • DevOps, QA, data scientists, and other tech professionals

  • Consultants, project managers, and IT contractors

Our Services

1. Ongoing Bookkeeping & Financial Organization

  • Monthly bookkeeping and reconciliations

  • Categorizing income and expenses correctly

  • Managing accounts payable and accounts receivable

  • Organizing receipts and supporting documents

  • Clear, easy-to-understand financial reports

You get up-to-date books and a real picture of your business, not just at tax time.

2. Tax Compliance & Returns (Federal & Provincial)

We help you meet your obligations with the Canada Revenue Agency (CRA) and provincial tax authorities — without stress and surprises.

  • Corporate income tax returns (T2)

  • Personal income tax returns for freelancers and self-employed (T1)

  • GST/HST registration, filing, and planning

  • Payroll remittances and T4/T4A slips

  • Tax planning to optimize deductions and credits

3. Support for Freelancers, Contractors & Sole Proprietors

Freelancing in IT can mean irregular income, multiple clients, and confusion about what you can deduct. We help you:

  • Choose the right structure (sole proprietor vs. corporation)

  • Track income and expenses properly

  • Separate personal and business finances

  • Claim all available deductions (home office, equipment, software, internet, education, and more)

  • Understand how much to set aside for taxes

You get clarity instead of guesswork, and more time to focus on your projects.

4. Accounting for IT Companies & Startups

For incorporated businesses and growing teams, we offer:

  • Full-cycle bookkeeping and monthly/quarterly reviews

  • Financial statements (balance sheet, income statement, cash flow)

  • Budgeting and cash flow forecasting

  • Support for investors and lenders (reports, metrics, documentation)

  • Assistance with payroll, contractor payments, and expense policies

Whether you’re a small team or scaling quickly, we help you stay in control of your numbers so you can make smarter business decisions.

5. Advisory & Growth Support

Accounting is not just about reporting the past — it’s about planning the future.

We help you:

  • Decide when it’s time to incorporate

  • Understand salary vs. dividends (for owners)

  • Plan major purchases (hardware, equipment, software)

  • Evaluate the profitability of projects and clients

  • Set financial goals and KPIs for your business

You get a partner, not just a one-time tax preparer.

Tools & Technology

We work with modern, cloud-based accounting solutions to keep everything efficient and secure.

  • Online accounting platforms

  • Digital receipt management

  • Secure document storage and sharing

  • Simple dashboards and reports

If you’re starting from scratch, we’ll help you choose and set up the right tools. If you already use something, we’ll adapt to your existing system where possible.

Contact Us
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How It Works

1

Step 1 – Free Intro Call

Tell us about your work, business model, and current situation. We’ll discuss your goals and challenges, and answer your questions.

2

Step 2 – Custom Plan & Quote

Based on your needs (company vs. freelancer, size, complexity), we propose a service package and pricing.

3

Step 3 – Onboarding & Setup

We set up or optimize your accounting system, connect bank feeds where possible, organize past records, and establish a simple workflow for sharing documents.

4

Step 4 – Ongoing Support

We handle your monthly bookkeeping, reminders, filings, and reports. You’ll always know where you stand — and you can reach out with questions anytime.

Pricing for Accounting Services in Canada

Transparent monthly packages for IT companies and freelancers in Canada.

All prices are in CAD and may vary based on the complexity of your situation.

Freelancer / Solo Developer

Ideal for self-employed IT professionals

CAD120/ month

For up to ~60 transactions per month

  • Monthly bookkeeping
  • Income & expense categorization
  • Annual personal tax return (T1)
  • Support for GST/HST (if required)
  • Email support with CRA-related questions

Best for new freelancers and consultants.

Most Popular

Incorporated IT Company

For small IT teams and agencies

CAD260/ month

For up to ~150 transactions per month

  • Full monthly bookkeeping
  • Corporate tax return (T2)
  • Owner tax optimization (salary/dividends)
  • GST/HST registration & filing
  • Basic payroll for up to 3 employees
  • Quarterly financial review & reports

Perfect for established IT businesses.

Growing IT Startup

For scaling teams and funded startups

CAD480/ month

Higher volume, multi-currency, or more complex structure

  • Advanced monthly bookkeeping
  • Corporate tax return (T2) & tax planning
  • Detailed management reports & KPIs
  • Support for multi-currency and foreign clients
  • Payroll support for growing teams
  • Quarterly strategy call with your accountant

Custom pricing based on your structure.

One-Time Services and Add-Ons

Personal tax return (T1) for IT professionalsfrom CAD250
Catch-up / clean-up bookkeeping (per month)from CAD180
Incorporation & accounting setupfrom CAD650
CRA audit / review support (per hour)from CAD150

Final pricing depends on the volume of transactions and the complexity of your business. Contact us for a detailed quote tailored to your IT practice.

Get in touch

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