PHLedger Books › Canada
PHLedger Books Canada
An AI bookkeeper for Canadian corporations. It walks you through incorporation and CRA program accounts, builds your chart of accounts, codes your RBC, TD, BMO or Scotiabank transactions, and drafts the GST/HST return, the T2 and each director’s T1 — you confirm and approve each one.
What the agent does for you
1. Register & set up
Business Number check, RT and RP program accounts, provincial sales tax, industry chart of accounts with GST/HST codes by province.
2. Bank statements
Upload the RBC, TD, BMO, Scotiabank or CIBC export each month or quarter — the agent tells you exactly where to click. Aggregator feeds next.
3. Agent codes, you confirm
Zero-rated, exempt and out-of-scope items handled; 50% meals ITC rule; shareholder loans flagged for s.15(2).
4. GST/HST and year end
GST34 on the official layout, T2 (GIFI + Schedule 1, small business deduction) and director T1s — approve, then file with CRA.
Banks: RBC · TD · BMO · Scotiabank · CIBC · Desjardins · National Bank
Pricing
Bookkeeping
- RBC, TD, BMO, Scotiabank, CIBC statement import
- AI coding with reasons, you confirm
- Income statement, balance sheet, trial balance
- Agent guide step by step
Bookkeeping + GST/HST
- Everything in Bookkeeping
- Monthly / quarterly / annual close
- GST/HST return (GST34) draft by province, 50% meals ITC rule
- T2 draft (GIFI + Schedule 1, small business deduction)
- s.15(2) shareholder-loan checks
Director T1 return
- T1 draft per director
- Prefilled T4 salary and grossed-up dividends with credits
- Recommendation before you file with NETFILE software
Prices exclude GST/HST. Indicative pricing — not yet final.
Compared with QuickBooks, Xero, FreshBooks and Wave
| Product | Plan | Per month | Notes |
|---|---|---|---|
| PHLedger Books | Bookkeeping | C$15 | AI agent included |
| Wave | Starter | Free | Basic invoicing and accounting |
| Wave | Pro | ≈ C$16–25 | |
| FreshBooks | Lite | ≈ C$21–26 | |
| Xero | Starter | ≈ C$25 | Capped invoices and reconciliations |
| QuickBooks Online | EasyStart | ≈ C$30 | |
| PHLedger Books | Bookkeeping + GST/HST | C$35 | GST/HST + T2 drafts included |
| QuickBooks Online | Essentials | ≈ C$54–70 | |
| Xero | Standard | ≈ C$55–60 |
Competitor prices are standard monthly list prices from third-party 2026 guides (introductory discounts excluded), as at 2026-11-02. Check each vendor’s site. Accounting software prices compared, Canada 2026 · QuickBooks vs Xero vs Wave in Canada · FreshBooks review Canada 2026