Your Shopify says $50K in sales. Your bank says $42K. We sort out what actually happened.
Platform fees, refunds, multi-currency payouts, FBA charges — they all eat into that number. We reconcile every channel, track landed-cost inventory, file your HST and T2, and give you reports that actually match your bank account.
Book a Free ConsultationSound familiar?
These come straight from clients who called us. Shopify stores, Amazon FBA sellers, Etsy shops — same headaches, every time. We pair bookkeeping with HST filing for marketplace vs. direct-sale tax. And when your side hustle outgrows sole prop, we handle the corporate tax too.
Shopify says one number. Your bank says another.
You sold $50,000 last month according to Shopify. But only $42,000 showed up in your bank. Platform fees, processing fees, refunds, chargebacks, payment holds, currency conversion — it's all mashed into one deposit. So which number goes on your HST return? Good question.
We break every Shopify and Stripe payout apart — order by order. Gross sales, platform fees, processing charges, refunds, and currency differences each go into their own line. Your P&L tells the real story. And your HST return is built on gross sales, not whatever landed in the bank.
You're guessing what your inventory actually costs
You buy product overseas. You pay duty and freight at the border. Some goes to Amazon FBA, some sits in your garage. You sell across three channels. And your year-end inventory number? Honestly, it's whatever feels close. We see this all the time.
We track landed cost per SKU — product price plus freight, duty, broker fees, and inbound shipping. Cost of goods sold hits your books when units actually sell, not when you pay the supplier. FIFO or weighted-average, applied the same way every period. Your T2125 or T2 is accurate, and your margins are real.
You're paying HST twice and don't know it
Amazon.ca collects and remits HST on your marketplace sales. But you also collect HST on your own Shopify store. Which sales do you report? Can you claim back what Amazon already remitted? Most sellers get this wrong, and CRA doesn't send you a friendly heads-up.
We split marketplace-facilitated sales from your direct storefront sales. Both get reported correctly on your HST return — no double-counting. And you still claim input tax credits on all your business expenses, regardless of which channel the sale came through.
USD sales, CNY inventory, CAD taxes — it's a mess
You sell to the US in USD, pay Meta and Google ads in USD, buy product in CNY, and CRA wants everything in Canadian dollars. Currency gains, ad spend, and US payouts are all dumped into one account. You can't tell if your ads are even working.
We convert every foreign-currency transaction at the Bank of Canada rate CRA accepts. Currency gains and losses get their own account. Ad spend is expensed or capitalized the right way. And we file Form W-8BEN-E with US marketplaces so they don't withhold 30% of your payouts. You'll see ad ROI and channel profitability in your monthly reports.
What do we actually know about e-commerce?
Here's what we track for every online seller
Shopify and Stripe payout reconciliation. Amazon Seller Central settlement report matching. Landed-cost inventory — product plus freight, duty, broker fees, inbound FBA shipping. COGS on a FIFO or weighted-average basis. Marketplace facilitator HST rules for Amazon.ca, Etsy, and eBay. Direct-sale HST on your Shopify storefront. Cross-border zero-rated sales to US customers. US state nexus monitoring.
Plus: Form W-8BEN-E filing so US marketplaces don't withhold 30% of your payouts. Bank of Canada exchange rates for CAD reporting. Currency gains and losses on USD payouts. Ad spend treatment. Return and refund handling. Every category of Amazon FBA fee — referral, fulfillment, storage, long-term storage, return processing. GST/HST on digital goods. Multi-channel bookkeeping. T2125 for sole-prop stores, T2 corporate tax for incorporated ones.
We didn't learn this on your file. We've documented it across hundreds of online seller clients.
What our e-commerce clients say
“Our books were a disaster — Shopify payouts mixed in with Amazon deposits, no idea what our inventory was worth. Y&A rebuilt everything from scratch. They found thousands in input tax credits we'd missed on ad spend and platform fees. First time our numbers actually matched the bank.”
Grab our free Canadian tax deduction checklist
A plain-English PDF covering the deductions small business owners, landlords, and self-employed Ontarians miss most often. No email required — download it and keep it.