Magistral Books Canada

Pricing

Our Bookkeeping Rates

In Canadian Dollars

Basic Plan

$299/Month

Bookkeeping

For businesses with 1-100 monthly transactions and 1-3 bank accounts.

The package includes bank and credit card reconciliation, an accounting software subscription (Quickbooks Online / Xero), a dedicated bookkeeper, monthly financial performance reports, and unlimited client support.

Please note that the package does not include annual tax return preparation, nor GST/HST/QST filings.

Essential Plan

$499/Month

Bookkeeping

For businesses with 101-200 monthly transactions and 4-6 bank accounts.

The package includes bank and credit card reconciliation, an accounting software subscription (Quickbooks Online / Xero), a dedicated bookkeeper, monthly financial performance reports, and unlimited client support.

Please note that the package does not include annual tax return preparation, nor GST/HST/QST filings.

Advanced Plan

$599/Month

Bookkeeping

For businesses with 201-300 monthly transactions and 7-9 bank accounts.

The package includes bank and credit card reconciliation, an accounting software subscription (Quickbooks Online / Xero), a dedicated bookkeeper, monthly financial performance reports, and unlimited client support.

Please note that the package does not include annual tax return preparation, nor GST/HST/QST filings.

Feel free to contact us if you want us to build a custom monthly package specifically for your needs. We are always happy to help.

Please note that the price may be updated if:
-you want extra services
-you have more reporting needs
-you want us to integrate and connect outside apps to your accounting system, etc.

Our Virtual CFO Rates

In Canadian Dollars

 

   

  • Service type
  • Typical client size
  • Onboarding
  • Online client support
  • Virtual CFO meetings
  • Software costs
  • Month end close
  • Financial statements
  • Payroll management
  • Cash flow planning
  • Forecasting
  • Business metrics (KPIs)
  • Sales tax compliance
  • Accounts receivable
  • Accounts payable
  • Employee expense tracking

Bronze Plan

$895 / Month

  • Service type Reactive
  • Typical client size Under 5 employees
  • Onboarding Up to 4 weeks
  • Online client support Unlimited
  • Virtual CFO meetings Up to 1 per month
  • Software costs
  • Month end close
  • Financial statements
  • Payroll management Support
  • Cash flow planning X
  • Forecasting Annual
  • Business metrics (KPIs) Annual
  • Sales tax compliance Annual
  • Accounts receivable Optional
  • Accounts payable Optional
  • Employee expense tracking Optional

Silver Plan

$1,150 / Month

  • Service type Proactive
  • Typical client size 5 -10 employees
  • Onboarding Up to 6 weeks
  • Online client support Unlimited
  • Virtual CFO meetings Up to 2 per month
  • Software costs
  • Month end close
  • Financial statements
  • Payroll management Full management
  • Cash flow planning Quarterly
  • Forecasting Quarterly or Annual
  • Business metrics (KPIs) Quarterly
  • Sales tax compliance Quarterly or Annual
  • Accounts receivable Optional
  • Accounts payable Optional
  • Employee expense tracking Optional

Gold Plan

$1,895 / Month

  • Service type Strategic
  • Typical client size 10+ employees
  • Onboarding Up to 8 weeks
  • Online client support Unlimited
  • Virtual CFO meetings Up to 6 per month
  • Software costs
  • Month end close
  • Financial statements
  • Payroll management Full management
  • Cash flow planning Monthly
  • Forecasting Monthly
  • Business metrics (KPIs) Monthly
  • Sales tax compliance Monthly/Quarterly/Annual
  • Accounts receivable Optional
  • Accounts payable Optional
  • Employee expense tracking Optional

Our Tax Rates

In Canadian Dollars

Sales tax filling (GST/HST/QST): Starts at $150 per filing.

Personal Tax Return Preparation: Starts at $175 per tax return.
Final price depends on the complexity of your file.
Please contact us to get a more accurate price.

Corporate Tax Return Preparation: Starts at $1000 per tax return.
Final price depends on the complexity of your file.
Please contact us to get a more accurate price.

Corporate Tax Return Preparation & Notice to reader report: Starts at $2000.
Final price depends on the complexity of your file.
Please contact us to get a more accurate price.

Tax planning (Salary/Dividend planning): Starts at $500.
Final price depends on the complexity of your file.
Please contact us to get a more accurate price.

Estate planning: Starts at $500.
Final price depends on the complexity of your file.
Please contact us to get a more accurate price.

Canada Revenue Agency (CRA) assistance:
Based on the CRA issue, an hourly rate or a flat fee is charged. Final price depends on the complexity of your file.
Basis of our fee is usually discussed in advance so you always know approximately what you will be paying.
Please contact us to get a more accurate price.

Additional Services

Quickbooks / XERO setup : Various. Please inquire.
The service includes your company file set-up: Business Profile, Chart of Accounts, Customer and Vendor profiles, items list, sales tax items.

Historical (retroactive) Bookkeeping Clean-up: Various. Please inquire.
Based on business needs, account catch-up and clean-up is charged at an hourly rate or a flat fee.
Basis of our fee is usually discussed in advance so you always know approximately what you will be paying.

Payroll: Starts at $35 per employee per pay period.

Business Registration and Incorporation: Various. Please inquire.
Final price depends on the type of business you want to register (Sole proprietorship, Company,
Partnership) and the province(s) you intend to operate your business in.
Please contact us to get a more accurate price.

R&D Tax Credit Various. Please inquire.
We typically charge 3% of your total qualifying expenses.

Information technology need analysis Various. Please inquire.
Final price depends on the complexity of your file.
Please contact us to get a more accurate price.