The Cost of Small Business Tax Services in Mississauga: What to Expect
When you’re running a business, every dollar matters. And while hiring a professional for tax services may feel like just another expense: it’s actually one of the smartest investments you can make.
Whether you’re a solo entrepreneur, managing a growing team, or running a trucking company in Mississauga, understanding what to expect from small business tax services (especially in terms of pricing) can help you plan better and avoid surprises. Let’s break down what small business tax support typically costs, what you’re really paying for, and why it’s more about value than just numbers.
What Does Small Business Tax Support Usually Include?
First things first: not all tax services are the same. Some businesses only need help with tax filing once a year, while others need monthly financial guidance, payroll, and CRA compliance support. Here’s a general idea of what you might find:
Basic Package
Designed for sole proprietors and very small businesses. Includes:
Personal & business income tax return
Basic deductions
One or two consultations
Cost: $300–$600 annually
Standard Package
Great for incorporated businesses or small teams. Includes:
Corporate tax filing (T2)
GST/HST filing
T4 & T5 slips
Financial statements
Cost: $900–$2,000 annually
Premium Package
For fast-growing or high-volume businesses. Includes:
Everything in Standard
Tax planning sessions
CRA audit representation
Ongoing bookkeeping support
Cost: $2,000–$5,000+ annually
How Pricing Works: Hourly vs. Flat Fee vs. Retainer
Every accountant or firm structures pricing differently. Here’s a quick look at the most common models in Mississauga:
Hourly Rates:
Usually range from $100 to $250 per hour, depending on the accountant’s experience and complexity of the work. Ideal for occasional support or advice.Flat Fees:
A fixed price for a specific service (e.g., $950 for a corporate tax return). Great for businesses that want cost certainty with no surprises.Monthly Retainers:
A recurring monthly fee ($200–$800/month+) that includes tax, bookkeeping, and advisory support. Best for growing businesses that need year-round assistance.
What Affects the Cost?
Not every business pays the same. Several factors influence what you’ll pay for tax services:
Business type: Corporations usually cost more than sole proprietorships to manage
Industry: Trucking, logistics, and construction may require more detailed tax work
Volume of transactions: More receipts, invoices, and payroll = more work = higher cost
Current bookkeeping status: If your books are messy or out-of-date, there may be a cleanup fee
Location & local experience: Working with a firm that knows Mississauga’s business environment can bring added value
Cost = Value: It’s Not Just About the Price
We get it—budgeting for tax services might not be the most exciting part of entrepreneurship. But here’s the real value:
Risk Mitigation: Avoid CRA penalties and interest from errors or missed filings
Tax Savings: A good accountant can find deductions you didn’t know you qualified for
Peace of Mind: Focus on growing your business instead of stressing over numbers
Strategic Advice: Get insight into how to structure your finances for scale and success
A small business that tries to DIY their taxes might save a few hundred upfront—but lose thousands later due to mistakes or missed opportunities.
Need Help Figuring Out What You Really Need?
At M7, we specialize in working with small businesses across Mississauga—from truckers and service-based businesses to growing eCommerce brands. We’ll help you understand what services you actually need, and match you with a plan that makes sense for your business stage and budget.
Book a free consultation today and let’s chat about how we can save you time, money, and stress come tax season—and all year round.