Canada

Outsourced Bookkeeping for Canadian Businesses — from India

CRA-compliant bookkeeping for Canadian corporations, sole proprietors, and partnerships at $8–$18/hr CAD. QuickBooks and Sage experts. HST/GST workpapers, T4/T5 preparation. Save $16,000–$40,000 CAD/year vs local rates.

Sharma Jyoti & Co provides CRA-compliant outsourced bookkeeping to Canadian businesses at $8–$18/hr CAD. Our ICAI-qualified team handles QuickBooks and Sage management, HST/GST workpapers, T4/T5 preparation, and monthly management accounts — saving Canadian businesses $16,000–$40,000 CAD per year vs local bookkeeper rates of $25–$60/hr.

Canadian businesses outsourcing bookkeeping to India get CRA-compliant transaction recording, HST/GST-ready workpapers, and T4/T5 preparation at a fraction of the cost of a local bookkeeper. Our team is specifically trained in Canadian requirements: ASPE (Accounting Standards for Private Enterprises), HST/GST and QST reconciliation, PAYROLL remittances, and corporate tax (T2) workpapers for your CPA to review and file. See our full bookkeeping service and dedicated accountant option for Canadian firms.

Is It Legal for a Canadian Business to Hire an Indian Bookkeeper?

Yes. Canadian businesses face no federal or provincial legal restriction on outsourcing bookkeeping to qualified professionals overseas. The CPA Canada designation governs who can sign and file certain tax filings — but the underlying bookkeeping and preparation work can legally be done by qualified professionals in India, reviewed and filed by your Canadian CPA. This is standard practice at Canadian accounting firms, many of which have India-based preparation teams.

Canada's private sector privacy legislation (PIPEDA, and provincial equivalents like PIPA in BC and Alberta) governs how personal and financial data can be shared with overseas providers. We satisfy these requirements with a signed data processing agreement before any access is granted. Your books remain in your QuickBooks or Sage account — we access them through an accountant invite.

CRA rules

CRA requires filings to be made by the taxpayer or an authorised representative (typically a CPA). Preparation work is unrestricted by geography.

PIPEDA compliance

We sign a data processing agreement covering PIPEDA and provincial privacy requirements. Your data stays in your QuickBooks or Sage account.

ICAI qualified

Our team holds ICAI qualifications — India's equivalent of CPA Canada. We carry professional indemnity insurance and operate under an NDA for each engagement.

Industry standard

Canada's Big 4 and mid-tier firms have operated India-based preparation centres for decades. Outsourcing bookkeeping preparation is a well-established, legal practice.

How Much Do Canadian Businesses Save on Bookkeeping from India?

Local Canadian Bookkeeper Sharma Jyoti & Co — India
Hourly rate $25–$60 CAD/hr $8–$18 CAD/hr
Monthly — 40 hrs $1,000–$2,400 CAD $320–$720 CAD
Monthly — 80 hrs $2,000–$4,800 CAD $640–$1,440 CAD
Annual — 80 hrs/month $24,000–$57,600 CAD $7,680–$17,280 CAD
Typical annual saving — $16,320–$40,320 CAD / year

Based on average local rate of $42/hr CAD and India rate of $13/hr CAD. Get a personalised quote →

What CRA and Canadian Tax Compliance Does Your Team Handle?

Trained in Canadian-specific requirements — HST/GST, QST, PAYROLL remittances, T4/T5, and corporate tax.

CRA & Sales Tax

  • ✓Canadian GAAP and ASPE transaction recording
  • ✓HST/GST workpapers — quarterly and annual
  • ✓QST reconciliation (Quebec businesses)
  • ✓PST tracking for BC, Saskatchewan, Manitoba
  • ✓Input Tax Credit (ITC) reconciliation
  • ✓CRA-compliant chart of accounts

Payroll, T-Slips & Year-End

  • ✓Corporation, sole proprietor, partnership — all entity types
  • ✓PAYROLL remittance reconciliation (CPP, EI, Income Tax)
  • ✓T4 employment income summaries
  • ✓T5 dividend statements and investment income
  • ✓T2 Corporate Tax workpapers for your CPA
  • ✓December 31 year-end workpapers and management accounts

What Bookkeeping Services Do Canadian Businesses Get?

All services delivered by ICAI-qualified accountants inside your QuickBooks, Sage, or Xero account.

Outsourced Bookkeeping

Daily transaction recording in QuickBooks or Sage, CRA-compliant categorisation, and monthly management accounts — HST/GST-ready workpapers delivered to your CPA by the 5th business day each month.

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Hire a Dedicated Accountant

One dedicated Indian bookkeeper or CA working exclusively for your Canadian firm — full-time or part-time at $8–$18/hr CAD, inside your accounting software of choice.

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Accounts Payable

Invoice processing, vendor payment scheduling, and AP ageing — keeping your Canadian suppliers paid on time with a complete audit trail for CRA reporting.

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Accounts Receivable

Invoice generation, systematic debtor follow-up, and payment allocation. Reduce your average debtor days and improve cash flow within the first 90 days.

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Virtual CFO

Cash flow forecasting, Canadian GAAP management reporting, and financial strategy — CFO-level insight at $350–$1,500 CAD/month, not $10,000–$20,000 CAD.

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Tax Preparation Support

Year-end workpapers for T2 corporate returns, T4/T5 slips, and HST/GST returns — CRA-ready financials for your Canadian CPA to review and file.

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Canadian Bookkeeping Guides — 13 Articles

Detailed guides on CRA compliance, GST/HST, payroll, catch-up books, and outsourcing from Canada to India.

Cost Guide

How much does a bookkeeper cost in Canada?

Local vs India rates — independent bookkeepers, firms, in-house, and overseas. Province-by-province breakdown with annual savings by business size.

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CRA Compliance

Outsource GST/HST returns to India — Canadian guide

What CRA requires, how an overseas CA firm prepares your GST/HST return, and how ITCs are verified before filing.

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Catch-Up · CRA

Catch-up bookkeeping before a CRA audit — Canada

CRA audit types, document priority, 7-step reconstruction process, and how an overseas team delivers in weeks rather than months.

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Industry · E-Commerce

Bookkeeping for Canadian e-commerce businesses

Shopify and Amazon FBA reconciliation, multi-province GST/HST, inventory COGS, payment processor fees, and cross-border US sales.

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Industry · Restaurant

Bookkeeping for Canadian restaurants

Daily POS reconciliation, tips payroll (controlled vs direct), HST on meals, food vs liquor COGS, WSIB premiums, and delivery app reconciliation.

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Books Cleanup

Messy books cleanup for Canadian businesses

8-step cleanup process, cost comparison (local vs overseas), what your CPA saves when books are clean, software access guide for QuickBooks and Sage 50.

Read →
View All 13 Canada Articles →

Frequently Asked Questions — Outsourced Bookkeeping for Canadian Businesses

Yes, completely legal. Canadian businesses face no federal or provincial restriction on outsourcing bookkeeping to qualified professionals overseas. CPA Canada governs who signs certain tax filings — but preparation work can legally be done in India, reviewed and filed by your Canadian CPA. We provide a PIPEDA-compliant data processing agreement before any access is granted.
Yes. Our team is trained in Canadian GAAP and ASPE, HST/GST and QST reconciliation, PAYROLL remittances (CPP, EI, income tax), T4/T5 preparation, and T2 Corporate Tax workpapers. We work inside QuickBooks or Sage and produce CRA-ready records for your Canadian CPA to review and file.
Our rates are $8–$18 CAD/hr, versus $25–$60/hr locally. A business using 80 hours per month saves $1,360–$3,360 CAD every month — or $16,300–$40,300 CAD annually.
Primarily QuickBooks Online, QuickBooks Desktop, and Sage 50 for Canadian clients. We also support Xero, FreshBooks, Wave, and Zoho Books. No software change required — we work inside your existing platform.
Yes. We prepare T4 employment income summaries and T5 dividend statements for review by your Canadian CPA, and HST/GST/QST workpapers quarterly or annually — all CRA-ready for filing by your authorised representative.

CRA-Compliant Canadian Bookkeeping at $8–$18 CAD/hr

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