AI Accounting for Incorporated Canadian Small Businesses

Research Context and Background

Taxifi is a comprehensive accounting solution designed specifically for incorporated Canadian small businesses. The service aims to remove the burden of bookkeeping from business owners by combining daily AI-driven bookkeeping with professional Canadian accountant oversight. Unlike traditional models where bookkeeping and tax advice are separate, Taxifi offers a unified service where payroll, taxes, and business advisory are included in one flat monthly price.

Benefits

Taxifi addresses the common issue of business owners being buried in bookkeeping instead of running their business. Key benefits include real-time accuracy where books are kept current every day rather than falling 30 to 90 days behind as is common with traditional bookkeepers. Every file is reviewed and signed by a Canadian accountant who is professionally accountable for the work. The flat monthly pricing model eliminates hourly billing surprises and separate invoices for year-end taxes. The service is authorized for CRA EFILE, ensuring timely submission of HST, payroll taxes, and year-end T2 returns. All data is stored in Canada to ensure security.

Use Cases

The process is designed to minimize manual effort for the business owner. Users link their bank accounts, credit cards, and payroll systems during a short setup call. This is typically the last bookkeeping task the owner performs. Artificial intelligence categorizes transactions and balances accounts automatically every day. The dashboard displays two critical metrics: Money in your pocket and What you owe CRA. A Canadian accountant reviews every monthly report, files necessary taxes, and provides year-round business advisory. The owner only needs to spend a few minutes a week to approve transactions. Taxifi serves incorporated, HST-registered Canadian businesses with employees on payroll across 54 specific industries including trades and contractors, marketing and creative firms, professional firms like consultants and engineers, health and wellness practices such as dentists and physicians, real estate professionals, e-commerce and retail, and restaurants and hospitality.

Pricing

Taxifi uses a flat monthly pricing model. Business owners can try the service with a 14-day free trial that requires no credit card. For those not ready to commit, a discovery call is available to scope the business and quote a flat monthly price live, with no contracts required.

Vibes

Clients consistently rate the service 5.0 stars on Google, highlighting the ease of use and the relief it provides from administrative burdens. Common feedback includes Taxifi has made this process so easy and I'm excited to have one less thing to worry about. They worked hard to maximize my tax return and are knowledgeable, honest accountants who genuinely care. Clients also mention they can't recommend these guys enough and that the team took the time to go through every detail.

Additional Information

Taxifi provides free guides for Canadian business owners on topics such as HST for Ontario Small Businesses, Salary vs. Dividends in Canada, What Triggers a CRA Audit, Incorporate or Stay Sole Proprietor, Shareholder Loan Rules, and the Small Business Tax Calendar.