When is the tax filing deadline for a Canadian corporation?

A T2 corporate income tax return is due six months after your fiscal year end. Any balance owing is generally due two or three months after year end depending on the corporation, so filing and payment dates can differ. I track both dates for every client so nothing is missed.

What is the personal tax deadline in Canada?

For most individuals the T1 personal tax return is due April 30. If you or your spouse are self-employed, the filing deadline is June 15, but any balance owing is still due April 30 to avoid interest.

Do I need to register for GST/HST for my small business?

You generally must register for GST/HST once your business earns more than $30,000 in taxable revenue over four consecutive calendar quarters. Many businesses also register voluntarily before that point to claim input tax credits. I help you decide the right timing and handle the registration and filing.

How much do bookkeeping and accounting services cost?

786 Venture CPA offers monthly packages starting at $190 per month for bookkeeping and scaling up based on transaction volume, payroll, and tax filing needs. Year-end only packages are also available. I match the package to your actual workload so you are not overpaying.

Can you help if I am behind on my taxes or have CRA issues?

Yes. I regularly help clients catch up on late or unfiled returns, respond to CRA reviews and audits, and clean up prior errors. Getting current early usually reduces penalties and interest, so it is worth acting sooner rather than later.

Do you work with clients outside of Calgary?

Yes. I am based in Calgary, Alberta, but I serve clients across Canada. Everything from onboarding to document sharing and signatures is handled securely online, so your location is not a barrier.

What accounting software do you use?

I primarily work in QuickBooks Online and also support Xero for clients already on that platform. I pair this with modern document and receipt capture tools so your records stay organized and your books are always up to date.

Legal & Professional Services

Accounting for Law Firms, Consultancies & Professional Corps.

Lawyers, engineers, architects, management consultants, and professional service firms. Your trust accounting, WIP tracking, retainer management, and professional corporation optimization require specialized expertise that generalist firms simply don’t have.

The Big-5 Alternative

Big-5 Firms Treat your Trust Account Like a Regular Bank Account. That's Dangerous.

Big-5 generalists don't understand Law Society trust accounting rules, the three-way reconciliation requirement, or the compliance consequences of getting it wrong.
We specialize in professional services. Trust accounting, WIP tracking, retainer recognition, and professional corporation optimization are standard deliverables.
Our accounting for legal firms focuses on trust compliance, profitability tracking, and long-term operational planning.
Fixed monthly fees sized for professional service margins. Predictable, not hourly.
We help you grow through partnership restructuring, lateral hire compensation modelling, and practice valuation handled proactively.

Side-by-side

Big-5 firm

786 Venture

Trust account expertise

Law Society compliant trust accounting, three-way reconciliation, and interest reporting. Our accounting for lawyers includes trust account monitoring and regulatory compliance support.

WIP & retainer tracking

Work-in-progress recognition, retainer drawdown, and revenue timing designed to optimize your tax position.

Partnership accounting

Partner draws, profit allocation, capital accounts, and guaranteed payments tracked and reported accurately.

What's included

Complete Financial Support, Simplified

Trust account reconciliation (Law Society / regulatory compliant)
Retainer management and drawdown reporting
Partner profit allocation and capital account tracking
Practice management software integration (Clio, PCLaw, LEAP)
Monthly financial statements with utilization and realization rates
Work-in-progress (WIP) tracking and revenue recognition

Professional corporation bookkeeping and optimization
Salary vs. dividend planning for PC shareholders
CRA trust reporting compliance
Year-end T2 + T3 (if trust) + personal T1 coordination
Complete bookkeeping for law firms and trust accounting managed under one CPA-led system.
Dedicated law firm bookkeeping services designed for legal professionals, consultants, and regulated partnerships.

Ideal for

Law firms (solo to mid-size)
Engineering and architecture firms
Management consulting practices
Accounting and bookkeeping firms (yes, we do this)
Recruitment and staffing agencies
Marketing and creative agencies
Multi-partner professional practices

Pricing

Predictable Pricing for Every Stage of Business

All monthly packages include cloud accounting, practice management integration, CPA review, and CRA filing.

Solo Professional Corp

Small Firm (2 – 5 partners)

Mid-Size Firm (6+ partners)

T2 Corporate Return Only

Add-Ons

Specialized Advisory Services Available on Demand

From $2,500

From $3,000

From $4,000

From $1,500

From $2,000

How It Works

Financial Operations Without the Delays

Canada is the start. We grow you globally.

Operating across provincial borders or expanding to the US/UK? Our cross-border team handles multi-jurisdictional compliance, transfer pricing, and foreign associate structures.

Canada

United States (50 states)

United Kingdom

European Union

Middle East

You Serve Clients. We Protect your Practice Finances.

Free 30-minute practice assessment. We will review your trust compliance, WIP tracking, and quote a fixed monthly fee.

CPA-led · Fixed fees · Audit-proof guarantee

Frequently Asked Questions

Why is law firm accounting different from regular business accounting?

Law firm accounting involves trust account management, three-way reconciliations, WIP tracking, retainer handling, and Law Society compliance requirements that standard business accounting does not cover.

Do you provide bookkeeping for law firms with multiple partners?

Yes. We provide bookkeeping for law firms ranging from solo practices to multi-partner firms with trust accounting, partner allocation tracking, and financial reporting support.

What does accounting for lawyers typically include?

Accounting for lawyers includes trust reconciliation, WIP reporting, retainer management, payroll, professional corporation planning, CRA compliance, and partnership accounting.

Why should firms work with lawyers accountants instead of general accountants?

Lawyers accountants understand Law Society regulations, trust compliance, partnership structures, and revenue recognition methods specific to legal and professional service firms.

Do you offer accounting for legal firms operating across provinces?

Yes. Our accounting for legal firms includes multi-jurisdiction reporting, trust compliance support, and professional corporation accounting for firms operating across Canada.

What do law firm bookkeeping services include?

Law firm bookkeeping services include trust account reconciliation, expense tracking, retainer reporting, WIP monitoring, payroll processing, and monthly financial statement preparation.

Can a CPA for lawyers help improve financial management and compliance?

Yes. A CPA for lawyers helps firms maintain trust compliance, improve profitability tracking, optimize compensation structures, and prepare accurate year-end financial reporting.

Tell us what you need. We'll confirm the price.

A licensed CPA will review your request and reply within 2 business hours during office hours. Your information is kept strictly confidential.

Accounting for Law Firms, Consultancies & Professional Corps.

Big-5 Firms Treat your Trust Account Like a Regular Bank Account. That's Dangerous.

$10,000 – $40,000+ / yr

From $549 / mo

Trust account expertise

WIP & retainer tracking

Partnership accounting

Complete Financial Support, Simplified

Predictable Pricing for Every Stage of Business

$549 / mo

$999 / mo

$1,799+ / mo

$1,500

Specialized Advisory Services Available on Demand

Trust Accounting Setup

From $2,500

Partnership Agreement Review

From $3,000

Practice Valuation

From $4,000

Lateral Hire Modelling

From $1,500

Law Society Audit Prep

From $2,000

Financial Operations Without the Delays

Free Practice Assessment

Onboard (5 – 7 Days)

Monthly Close & Compliance

Year-End & Growth Planning

Canada is the start. We grow you globally.

You Serve Clients. We Protect your Practice Finances.

Frequently Asked Questions

Why is law firm accounting different from regular business accounting?

Do you provide bookkeeping for law firms with multiple partners?

What does accounting for lawyers typically include?

Why should firms work with lawyers accountants instead of general accountants?

Do you offer accounting for legal firms operating across provinces?

What do law firm bookkeeping services include?

Can a CPA for lawyers help improve financial management and compliance?

Tell us what you need. We'll confirm the price.

Call Now

Email Us

Services

Area We Serve

Major Cities

Industries

Resources

CPA Canada

CPA Alberta

Xero

QuickBooks

CEPA