Accounting & Bookkeeping for Etsy Sellers

We provide sales tax filing (HST and US), payout reconciliation and monthly bookkeeping services for 7-figure Etsy sellers in the US and Canada.

Trusted by Etsy Sellers in Toronto

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This Service Is For You If…

Your Etsy deposits don’t match your sales reports because of fees, refunds, or timing issues.
You're a Canadian Etsy seller dealing with 1099-K forms and US tax obligations.
You're overpaying GST/HST because Etsy remitted it, but your books show it as collected.
Your inventory tracking is messy, leading to COGS errors, negative stock, or audit risks.

Our Accounting Services for Etsy Businesses

Complete solutions from our Etsy tax accountants, ensuring tax compliance in Canada and the US.

Deposit Reconciliation

Fee Tracking

Sales Tax (Canada & US)

Inventory & COGS

Selling on Other E-commerce Platforms?

Shopify Store Owners

Bookkeeping for Shopify sellers with cross-border sales.

Amazon Sellers

We handle your Amazon accounting too.

eBay Sellers

Bookkeeping and accounting for eBay stores.

Your Etsy Accounting in 3 Simple Steps

Here are the steps if you choose our Etsy tax accountant for your online shop.

1. Free Etsy Tax Discovery Call

Our Etsy tax accountants review your Etsy shop, identify US states for sales tax, and check GST/HST remittance for free.

2. Setup & Integration

We link Etsy Payments to QuickBooks or Xero with A2X or Link My Books. This includes mapping fees, reconciling deposits, and setting up inventory tracking.

3. Ongoing Support

Monthly Etsy bookkeeping services, fee tracking, multi-state US sales tax filing, and CPA check-ins for Etsy sellers.

Why Etsy Sellers in Toronto Choose SAL?

Etsy Fee Expertise

We break down Etsy fees like 6.5% transaction for better deductions. Most accountants bundle them.

US Tax Solutions

We handle T2 filings, 1120-F, and 1099-K issues and keep everything safe if you sell to the US from Canada.

Free Audit Support

We’ll represent your Etsy business at no extra cost if you face a CRA or IRS audit.

Our Etsy Seller Stories

See What Toronto Etsy Sellers Say

      
 Excellent4.9200 reviews
 4.9
 Excellent200 reviews
 
 
 
   
 
 
      Posted on Google  
   
   M P 
 29 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. Although they were unable to take on my accounting project because I approached them relatively close to the deadline, I truly appreciate the free and honest professional advice they provided. They helped point me in the right direction when I was receiving contradictory advice from other accounting firms.

Genuine, knowledgeable, and trustworthy professionals who prioritize quality over simply taking on more clients. My understanding is that they primarily work with high-revenue companies.
  
 
     Posted on Google  
   
   Danny 
 27 August 2026
 
 
 Trustindex verifies that the original source of the review is Google. Wonderful company giving real advice, they sorted it out for me like a breeze and quick, they know every scenario and give you what's best. 100% recommend!
  
 
     Posted on Google  
   
   Mateen Alam 
 9 August 2026
 
 
 Trustindex verifies that the original source of the review is Google. Before engaging with SAL Accounting, sorting out payouts across Amazon and Shopify in different currencies literally used to eat up half of my week!!! That's like spending 6 months a year only on currency management. Bringing in SAL Accounting’s team was an absolute game-changer. They simplified our bookkeeping needs and showed us what our margins actually look like per channel. Thanks to SAL Accounting team!!
  
 
     Posted on Google  
   
   Mayur Shah 
 7 August 2026
 
 
 Trustindex verifies that the original source of the review is Google. As someone who runs an Amazon store in the US while operating in Canada, I had several questions about bookkeeping, taxes, and how to keep my records organized. SAL Accounting’s team helped me understand the process and gave me clear direction on what needed to be done. The team was patient, approachable, and supportive, which made the experience much less overwhelming. I will be sure to book them for this and the upcoming years.
  
 
     Posted on Google  
   
   Daman Bhangoo 
 25 June 2026
 
 
 Trustindex verifies that the original source of the review is Google. Great experience with SAL accounting, made the tax season stress free
  
 
     Posted on Google  
   
   Mohammad Awwab Arifullah 
 25 May 2026
 
 
 Trustindex verifies that the original source of the review is Google. Amazing services!
  
 
     Posted on Google  
   
   John Barr 
 15 May 2026
 
 
 Trustindex verifies that the original source of the review is Google. Friendly and professional - conveniently accessed through Google Meet.
  
 
     Posted on Google  
   
   Martin Frech 
 13 May 2026
 
 
 Trustindex verifies that the original source of the review is Google. Very knowledgeable and helped me think through a very complicated cross-border tax issue. Even the free exploration call answered a lot of questions!
  
 
     Posted on Google  
   
   Omar Shamsie 
 7 May 2026
 
 
 Trustindex verifies that the original source of the review is Google. We have now been working with SAL Accounting for a few years & have been well looked after and very happy with the services Salman and his team provide. This tax season our cross-border returns were handled by AJ and he raised the bar with excellent service. AJ is  great. He not only has very good knowledge and experience, but also importantly so, he has such an excellent temperament. He is respectful, proactive, responsive, patient in that he takes time to explain things. I have really enjoyed working with AJ this year & trust both the filings done this year will be without any issue. We look forward to the years ahead.
  
 
     Posted on Google  
   
   Corey Price 
 6 May 2026
 
 
 Trustindex verifies that the original source of the review is Google. Intro call with Sal was extremely informative and helped me determine how best to proceed with incorporating in the US/CAD!
  
 
 
  
 
 
   Verified by Trustindex  Trustindex verified badge is the Universal Symbol of Trust. Only the greatest companies can get the verified badge who has a review score above 4.5, based on customer reviews over the past 12 months. Read more

We serve clients in

Downtown Toronto

Ottawa

Markham

Etobicoke

Hamilton

London

Vaughan

North York

Get Started Today!

Talk with our tax accountants in Toronto and find the right bookkeeping service for your Etsy shop.

FAQs

Common questions about Etsy bookkeeping in Canada.

How to report Etsy income on taxes in Canada?

Report all Etsy sales as business income on your T1 return using Form T2125 (sole proprietor) or T2 (corporation). Remove deductible expenses like fees and materials to get net profit. Use proper bookkeeping services specially for Etsy sellers to make it easy.

Does Etsy report earnings to CRA?

Yes. If you meet certain thresholds (significant sales/activity), Etsy shares transaction data with CRA. Always report your income accurately. Good Etsy bookkeeping services keep you prepared.

Do I need to declare Etsy income?

Yes. All Etsy income is taxable in Canada, even small amounts or hobby sales that turn profitable. There’s no minimum threshold for income tax (only for GST/HST registration at $30,000).

Do I have to claim Etsy on my taxes?

Yes. You must report worldwide Etsy income to CRA. Proper accounting for Etsy business ensures you claim all deductions and avoid penalties.

Can you write off Etsy expenses?

Yes. Deduct Etsy fees, supplies, shipping, advertising, home office costs, and materials as business expenses on your taxes. It lowers your taxable income.

Can you write off Etsy fees on taxes?

Absolutely. Transaction fees (6.5%), listing fees, processing fees, and ad costs are fully deductible business expenses.

What is the best bookkeeping software for Etsy?

QuickBooks Online or Xero with A2X or Link My Books for automation. Craftybase is great for handmade inventory tracking. Talk to a professional bookkeeping expert for Etsy sellers for full compliance.

What are the biggest Etsy seller mistakes?

Mixing personal and business finances, treating net deposits as revenue, not tracking expenses, ignoring US sales tax nexus, and double-reporting GST/HST that Etsy already remitted.

How to keep track of Etsy finances?

Use dedicated software, categorize every expense and sale monthly, save receipts, and reconcile deposits regularly. Our Etsy bookkeeping Canada services handle this for you.

How much does Etsy take from a $100 sale?

About $10 total: 6.5% transaction fee ($6.50), $0.20 listing, and processing (~$3.25 CAD). You net around $90 before taxes and shipping.

How much can you sell online before paying tax in Canada?

All income is taxable; no minimum for income tax. You must register for GST/HST only after $30,000 in worldwide sales over four quarters.

How much do I need to make on Etsy to get a 1099?

For US sales: $20,000+ gross payments and 200+ transactions in a year (2025 threshold). Etsy sends the 1099-K to you and the IRS.

How much does Etsy bookkeeping cost?

It usually starts from $800–$1,000/month per entity for most stores. Book a free call for exact pricing.

Do I need an Etsy bookkeeper near me?

No, everything is done online. We’re based in Toronto’s Financial District, right in the heart of downtown Toronto, but serve Etsy sellers across Toronto and the US remotely.