Dropshipping Accountant Services Toronto
We handle the bookkeeping for your dropshipping taxes for your business so you can focus on what actually grows it: finding better products and better suppliers.
Trusted by Dropshipping Businesses in Toronto
We Can Help You If…
- You check Shopify and the sales look great but your bank account tells a different story.
- Your business is growing but you don't know what you owe CRA. You just hope for the best.
- You're paying in USD and selling in CAD and your books are a mess that makes no sense.
- You got a 1099-K from a US platform and don't know what it means for your Canadian taxes.
Our Accounting Services for Dropshipping Businesses
Everything you need for bookkeeping for dropshipping: from supplier cost tracking to full Canada-US tax compliance.
Bookkeeping & Reconciliation
- Connect Shopify, Amazon, eBay, and Etsy to QuickBooks or Xero
- Match platform deposits to your bank
- Reconcile refunds, chargebacks, and currency conversions
- Break down profit by platform and product
- Track referral, listing, and fulfillment fees separately
Supplier Cost Tracking
- Track supplier payments from AliExpress, CJ Dropshipping, and others
- Calculate COGS including shipping
- Monitor and update COGS when supplier prices change
GST/HST & Dropshipping Taxes in Canada
- Register for GST/HST at the $30,000 threshold
- Issue and manage drop-shipment certificates
- Reconcile GST/HST collected vs. remitted
- Claim Input Tax Credits on eligible expenses
Canada-US Tax Compliance
- Determine US sales tax obligations by state
- Handle 1099-K forms for Canadian sellers
- File cross-border income on your T1 or T2
- Review business structure for cross-border tax efficiency
More E-Commerce Platforms We Handle
Getting Started Is Simple
Your dropshipping accounting in 3 simple steps.
1. Free Dropshipping Strategy Call
We look at your platforms, suppliers, and tax situation. If there are GST/HST issues or other dropshipping taxes in Toronto to sort out, we'll tell you right away.
2. Setup & Integration
We connect your platforms to QuickBooks or Xero, map your fees and supplier costs, and get your books set up properly from day one. You’ll know what's actually happening in your business.
3. Ongoing Support
Monthly bookkeeping, GST/HST filing, Canada-US tax, and quarterly CPA check-ins. All handled on an ongoing basis.
Why Toronto Dropshippers Work With SAL?
Built for Dropshipping
Most accountants don't understand dropshipping. We do. Our accounting for dropshipping is built for multi-supplier, multi-platform businesses.
Clean Margins
Exchange rates shift, suppliers change prices. We track it as it happens so you're not finding out months later when your money is gone.
CRA Ready
We keep your records clean, your filings on time, and everything documented properly so there's nothing to worry about.
Our Client Stories
See What Toronto Dropshippers Say
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Get Started Now!
Talk with our dropshipping accountant in Toronto and get your taxes sorted out properly.
FAQs
Common questions about accounting for dropshipping in Canada.
Do you need an accountant for dropshipping?
Not legally required, but most dropshippers who handle it themselves run into problems: missed GST/HST registration, messy supplier costs, or wrong deductions. Dropshipping has enough moving parts that a familiar accountant will save you more than they cost.
Do dropshippers pay taxes in Canada? Is dropshipping taxable in Canada?
Yes on both. All dropshipping income is taxable. You report it on your T1 (sole proprietor) or T2 (corporation) and pay income tax on profits after expenses. You also need to collect and remit GST/HST once your worldwide revenue hits $30,000 in any 12-month period.
How much tax do you pay for dropshipping? How do taxes work?
Two separate taxes apply. Income tax is on your net profit after supplier costs, platform fees, and other expenses. GST/HST is a sales tax you collect from Canadian customers and pass through to CRA. Getting both right is what bookkeeping for dropshipping is really about.
What is the $30,000 GST/HST threshold for dropshipping?
Once your total sales cross $30,000 in any 12-month period, you must register within 30 days. This includes both Canadian and international customers. After that, you file returns annually, quarterly, or monthly based on your volume.
Do I need a license to dropship in Canada?
There’s no specific dropshipping license. You need to register your business with CRA and get a Business Number. If revenue exceeds $30,000, you’ll also need a GST/HST account. What’s required depends on your structure. We can walk you through it on a free call.
What are drop-shipment certificates and do I need them?
A CRA document that applies when goods move within Canada between registered businesses in a dropshipping arrangement. Whether you need one depends on your supplier setup. We review your situation and handle the paperwork.
I source from AliExpress. How does that affect my bookkeeping?
AliExpress suppliers don’t charge Canadian GST/HST. But you still need to track those payments in Canadian dollars using Bank of Canada exchange rates and account for any import duties. We handle all of that as part of our service.
I received a 1099-K from Shopify or Amazon. What do I do?
A 1099-K is a US tax form for payment processing activity. It doesn’t automatically mean you owe US taxes, but it needs to be handled properly. We sort this out for Canadian dropshippers as part of our service.
Why do so many dropshippers fail? What is the biggest risk in dropshipping?
Usually it’s not knowing the real profit numbers. Revenue looks fine, but once you factor in fees, supplier costs, and returns, the margin isn’t there. Bad bookkeeping means you don’t catch it in time.
Is dropshipping still worth it in 2026? Is drop shipping dead?
Still viable, but margins are tighter. The businesses that last know their numbers: profit per product, real supplier costs, and taxes done right.
How is dropshipping bookkeeping different from regular e-commerce bookkeeping?
With regular e-commerce you hold inventory. With dropshipping you don’t, but you still need to track supplier costs, platform fees, and margins properly. A bookkeeper unfamiliar with the model will miss things. Our systems are built specifically for how dropshipping works.
How much does dropshipping accounting cost?
It usually starts from $800–$1,000/month depending on volume and platforms. Book a free call for exact pricing.
Do I need a dropshipping accountant near me?
No. Everything is done online. We’re based in Toronto’s Financial District, minutes from Union Station, but we work with dropshipping businesses across Ontario and the US remotely.
