Launch & Grow Your Business in Canada
Business registration, payroll management, accounting & tax — everything your Canadian business needs, under one roof. Bilingual support: English · French.
Free 30-minute consultation · No obligation · Expert guidance
Full bilingual support in English and French. We understand the unique challenges of launching a business as a newcomer — from navigating CRA for the first time to transferring capital from abroad.
Everything your business needs — under one roof
From first incorporation to ongoing financial strategy — we handle it all so you can focus on growing.
Business Registration
NUANS search, Ontario/Federal incorporation, CRA Business Number, HST/GST, minute book, bank guidance. From $499.
Payroll Management
CPP/EI calculations, T4/T4A slips, ROE, CRA remittances, WSIB reporting, direct deposit. From $99/mo.
Accounting & Tax
T1/T2 corporate returns, bookkeeping, HST filings, audit support — stay financially compliant year-round.
Fractional CFO
Part-time Chief Financial Officer: cash flow dashboards, 3-year projections, strategy calls, investor readiness. From $1,000/mo.
SR&ED Tax Credits
Recover up to 35% of R&D expenses. We identify, document, and file your SR&ED claim — contingency fee, no upfront cost.
FINTRAC Compliance
MSB registration, AML/KYC policy development, compliance officer training — full regulatory support.
Canada Grants
CDAP ($15,000), IRAP, and other federal & provincial grants — we identify, apply, and maximize your funding.
Freelancer Payments
Get paid from clients worldwide in CAD, USD, AED or EUR — fast, simple, with no banking hassle.
Expert-Led Success
We don't just process applications — we guarantee results through proven expertise
99% Success Rate
Our clients get approved. We know exactly what FINTRAC looks for and deliver documents that meet their standards the first time.
2–3 Month Timeline
Fast-track your FINTRAC approval. While DIY approaches take 6–12 months, our streamlined process and FINTRAC compliance experience accelerate your timeline.
Proven Frameworks
Battle-tested AML/ATF policies, compliance procedures, and risk management systems used by successful businesses across Canada.
Dedicated Support
Your personal compliance expert guides you through every step, answers questions within hours, and advocates for you with regulators.
Post-Approval Care
Regulatory approval is just the start. We provide ongoing compliance monitoring, regulatory updates, and audit preparation to keep you compliant.
Money-Back Guarantee
If you're not satisfied with our service, we'll refund your consultation fees. We stand behind our work with complete confidence.
See the difference professional expertise makes
| Feature | DIY Approach | Payon Expert |
|---|---|---|
| Time to Complete FINTRAC Registration | 6–12 months | 2–3 months |
| Success Rate | ~40% | 99% |
| Document Preparation | Self-research required | Professional templates |
| Compliance Frameworks | Build from scratch | Proven AML/ATF policies |
| Ongoing Support | None | Unlimited expert guidance |
| Risk of Rejection | High (60%) | Minimal (1%) |
| Post-Approval Compliance | Figure it out yourself | Continuous monitoring help |
| FINTRAC Communication | Direct (stressful) | Handled by experts |
Trusted by Leading Canadian Businesses
See how we've helped businesses achieve compliance and grow with confidence
"Payon Finance guided us through every step of the FINTRAC compliance process. Their expertise in AML/KYC requirements and documentation was exactly what we needed. Professional, responsive, and thorough — highly recommended."
"The AML/KYC framework Payon developed for us was well-structured and tailored to our business. Their team clearly understands what FINTRAC expects and walked us through every requirement. The whole experience was smooth and professional."
"We tried to handle our compliance program ourselves and quickly realized how complex it is. Payon took over and delivered a complete, well-documented compliance package. Their guidance saved us a lot of time and uncertainty."
Frequently Asked Questions
Get answers to the most common questions about FINTRAC compliance
The FINTRAC registration process typically takes 2–3 months with expert guidance. Without professional help, it can take 6–12 months with a significantly lower success rate. We streamline the process with proven frameworks and direct FINTRAC experience.
Required documents include: a detailed business plan, AML/KYC compliance policies, director and beneficial owner identification (with background checks), compliance officer designation, corporate registration documents, and a description of all intended financial activities. Our team handles preparation and organization of all materials.
Our packages range from $2,500 (Self-Service) to $7,500 (Professional) and $15,000+ (Enterprise). The initial 30-minute consultation is completely free. Government fees (~$1,000 CAD) and background checks (~$200/director) are separate. Payment plans available — 50% deposit, 50% upon license approval.
99% success rate (vs. ~40% DIY), 2–3 month timeline (vs. 6–12 months), and a money-back guarantee. Unlike generalist consultants, we focus exclusively on Canadian financial compliance with proven frameworks and dedicated post-approval support.
Our services are specifically designed for businesses operating in Canada or looking to establish Canadian operations. If you're a foreign company entering the Canadian market, we can help you set up the appropriate corporate structure and obtain the necessary licenses.
Trusted by Canadian Businesses
Real results from real clients across Canada.
"Payon Finance guided us through the entire FINTRAC compliance process — from building our compliance program to preparing all required documentation. The team is knowledgeable, responsive, and made a complex process feel manageable."
"We incorporated our Ontario company and set up payroll in the same week. Everything was handled professionally and I didn't have to touch a single government form. Highly recommend for any newcomer starting a business in Canada."
"The SR&ED claim they filed for our software startup returned $48,000 in tax credits. That's money we wouldn't have known about without Payon. Their accounting team is sharp, bilingual, and always available."
Ready to Achieve Compliance?
Book a free 30-minute consultation with our compliance experts. No commitment required. Get personalized advice for your business.
Your Complete Business Partner
in Canada
Business registration, payroll management, accounting, and FINTRAC compliance — everything your Canadian business needs under one roof. Bilingual support in English and French.
Empowering Canadian businesses to operate legally and confidently
Payon Finance Inc. specializes in helping businesses navigate FINTRAC registration and navigate the complex landscape of FINTRAC compliance. We combine deep regulatory knowledge with practical implementation experience.
- Transparent, step-by-step guidance throughout the licensing process
- Comprehensive AML/KYC policy development and implementation
- Ongoing compliance support and regulatory intelligence
- Strategic partnerships with leading financial infrastructure providers
We're committed to providing transparent, professional guidance throughout your compliance journey. From initial consultation to post-license compliance support, we're with you every step of the way.
From Advisory to Full Financial Services
Professional Consulting Services
- FINTRAC registration consultation
- FINTRAC registration support
- AML/KYC policy development
- Compliance advisory services
- Digital infrastructure planning
Expanded Financial Services
- Freelancer & contractor payment solutions
- International payroll for remote teams
- Advanced CFO advisory & reporting
- Business grants consulting (CDAP, IRAP)
- HR & benefits administration
Regulatory Excellence
Highest standards of compliance and regulatory knowledge.
Transparency
Clear communication about timelines, requirements, and costs.
Client Success
Your license approval and long-term compliance is our priority.
Innovation
Leveraging modern technology and best practices in finance.
The Person Behind Your Success
Volodymyr Tkachenko
Founder of Payon Finance Inc. Responsible for all compliance, regulatory, and operational matters including FINTRAC obligations under PCMLTFA.
Industry-Leading Partnerships
Canada's financial intelligence unit — our regulatory authority
Established banking relationships for financial operations
AML/KYC screening and transaction monitoring solutions
Ready to Start Your Compliance Journey?
Schedule a free consultation to discuss your licensing needs.
FINTRAC Compliance &
Financial Services
From FINTRAC registration to ongoing compliance — everything your Canadian business needs to stay regulated and financially healthy.
FINTRAC Registration & Compliance
Expert guidance through FINTRAC registration and ongoing compliance requirements.
- FINTRAC registration process
- Compliance program development
- STR / LCTR / EFT reporting procedures
- Compliance officer designation
- Ongoing reporting support
- Annual compliance review
- Stay compliant with regulations
- Professional report filing
- Quarterly updates
AML/KYC Policy Development
Comprehensive anti-money laundering and know-your-customer policies tailored to your business.
- AML policy creation & documentation
- KYC procedures development
- CDD & EDD frameworks
- Sanctions screening procedures
- Risk assessment methodology
- Staff training materials
- FINTRAC-compliant policies
- Customized to your business
- Annual policy reviews
Digital Financial Infrastructure
Build robust financial technology infrastructure for your financial operations.
- Banking relationship establishment
- Payment processor integration
- Multi-currency account setup
- API integrations & webhooks
- Compliance software selection
- Financial technology advisory
- Scalable infrastructure
- Security best practices
- Technical support included
Choose Your Package
No hidden fees. No surprises. Clear, honest pricing for every stage of your compliance journey.
For experienced founders who want guidance and templates.
- Complete documentation templates
- FINTRAC application checklist
- AML/KYC policy templates
- Email support (within 48h)
- Resource library access
- Application review (1 round)
Complete support from application to approval.
- Everything in Self-Service, plus:
- Dedicated compliance specialist
- Full document preparation
- FINTRAC application submission
- Response to FINTRAC queries
- Banking relationship guidance
- Priority email & phone support
- Approval guarantee*
Comprehensive solution for scaling businesses.
- Everything in Professional, plus:
- Banking partnerships facilitated
- Technical infrastructure planning
- API integration support
- Ongoing compliance (12 months)
- Dedicated Slack channel
- Quarterly compliance reviews
Simple, transparent steps to your FINTRAC approval
Free Consultation
Assess your needs and answer questions
Proposal & Agreement
Detailed scope, timeline, and pricing
Document Preparation
Gather and organize all required documents
Application Submission
Professional FINTRAC submission
Review & Approval
We handle all FINTRAC communications
Post-License Support
Compliance guidance and support
Ready to Start?
Book a free 30-minute consultation to discuss your needs.
Frequently Asked Questions
Everything you need to know about starting and running a business in Canada with Payon Finance.
Business Registration
An Ontario corporation ($499) lets you operate in Ontario only and use the word "Limited" in your name. A Federal corporation ($799) allows you to operate and use your name across all provinces. Federal is recommended if you plan to expand across Canada or if your business name is very specific (better name protection). Most small businesses start with Ontario incorporation.
Ontario incorporation typically takes 2–5 business days after we receive your documents. Federal incorporation is 10–15 business days. Rush processing is available for Ontario (24 hours). Our all-inclusive packages include all government fees so there are no surprise costs.
No. Work permit holders and some visitors can incorporate a Canadian company. You need a valid SIN number. Neither federal (CBCA) nor Ontario (OBCA) corporations require directors to be Canadian residents — those residency rules were repealed in 2022 and 2021. We'll advise on the right structure for your situation.
A corporate minute book is the official record of your company's legal and governance documents — articles of incorporation, shareholder/director registers, resolutions, and share ledgers. It's legally required in Ontario. If you're ever audited, sold the company, or apply for a business loan, you'll need it. We include minute book setup in all our packages.
Payroll Services
Our payroll service covers: gross-to-net salary calculation, CPP and EI deductions, income tax remittances to CRA, direct deposit, T4 and T4A slips at year-end, Records of Employment (ROE) for departing employees, WSIB reporting, and vacation pay tracking. Everything is handled — you just approve the payroll each period.
Most small businesses are regular remitters — remittances are due by the 15th of the month following the pay period. New employers remit by the 15th of the following month for the first year. We handle all remittance timing and submissions so you never miss a deadline or incur penalties.
CRA requires payroll taxes to be calculated and remitted in Canadian dollars, but you can choose what currency you pay employees in. We handle the calculation and reporting. International salary payment solutions for remote teams are available — contact us to discuss your specific requirements.
CRA penalties for late remittances start at 3% for 1–3 days late, rising to 10% for more than 7 days late. Repeat offenders face 20% penalties. We monitor all deadlines and send you reminders — with our managed payroll service, late penalties are virtually eliminated.
Accounting & Tax
The T2 corporate tax return is due 6 months after your fiscal year-end. However, any taxes owed must be paid within 2 months of year-end (3 months for CCPCs). We track your fiscal year and file well before the deadline to avoid interest and penalties.
You must register for HST/GST when your worldwide taxable supplies exceed $30,000 in any 12-month period. We recommend registering from day one if you expect to reach this threshold — it allows you to claim input tax credits on business expenses. We handle the registration as part of our business setup packages.
Common deductions include: office rent or home office expenses, professional fees (accounting, legal), business insurance, vehicle expenses (business use portion), advertising and marketing, equipment and software (CCA), employee salaries, bank fees, and business travel. We'll help you identify every legitimate deduction to minimize your tax bill.
Fractional CFO & SR&ED
An accountant looks backward — they record what happened. A CFO looks forward — they plan where you're going. A Fractional CFO adds strategic financial leadership: cash flow forecasting, fundraising support, investor relations, pricing strategy, and building financial systems. Most growing businesses need both.
Likely yes, if you're doing anything beyond routine programming. Qualifying work includes: developing new algorithms, solving technical uncertainty in building software, creating novel AI/ML models, or overcoming previously unsolved technical challenges. The key test is technological uncertainty — if you weren't sure how to solve it, it likely qualifies. Get a free assessment to find out.
You can file retroactive SR&ED claims for the previous 3 fiscal years. Many businesses discover they've been doing qualifying R&D for years without claiming. Our team will review your past work to identify missed credits and file amendments.
FINTRAC Compliance
FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) is Canada's financial intelligence agency. You must register as a Money Services Business (MSB) if you deal in foreign exchange, cryptocurrency, money transfers, or payment processing. Non-compliance carries fines up to $2M and criminal prosecution.
With expert guidance, registration typically takes 2–3 months. DIY applicants often take 6–12 months and have a much lower success rate. We've maintained a 99% success rate by preparing complete, compliant applications and addressing FINTRAC's questions proactively.
After registration, you must: maintain AML/KYC policies, file annual compliance reports, conduct employee training, perform transaction monitoring, file Suspicious Transaction Reports (STRs) when required, and renew your registration every 2 years. Our compliance support packages keep you audit-ready at all times.
Still have questions?
Book a free consultation — we answer all questions in English and French.
Book Your Free Consultation
Schedule a free 30-minute consultation with our compliance experts. No commitment, no pressure — just expert guidance for your business.
Head Office
818 The Queensway, Suite 303
Toronto, Ontario M8Z 1N5
Canada
Phone
+1 (365) 886-8444Services
Payroll · Business Registration · Accounting
FINTRAC Compliance Consulting
Business Hours
Monday – Friday: 9:00 AM – 6:00 PM EST
Saturday: 10:00 AM – 2:00 PM EST
Response within 24 business hours
- Free 30-minute expert call
- Assess your compliance needs
- Get a personalized roadmap
- No obligation, no credit card
Get Started Today
Two quick steps — no commitment required.
Your information is secure and encrypted. We never share your data.
Sign in to manage payroll, documents, and services.
Review the payroll summary. We'll process all deductions and send CRA remittance automatically.
Tell us what you need and we'll get back to you within 1 business day.
Professional Accounting
for Canadian Businesses
From bookkeeping to corporate tax — we handle your numbers so you can focus on growing your business. CRA-compliant, accurate, and delivered on time.
9 Core Accounting Services
Everything your Canadian business needs to stay financially organized and tax-compliant.
Bookkeeping
Monthly & quarterly financial records, bank reconciliation, expense categorization, and financial reporting.
Corporate Tax (T2)
Full corporation income tax return preparation, filing, and CRA correspondence on your behalf.
Personal Tax (T1)
Individual income tax returns including all schedules — self-employed, rental income, investments.
HST/GST Filing
Quarterly and annual HST/GST remittances, input tax credit claims, and CRA account management.
Payroll Management
Employee payroll processing, source deductions, T4 preparation, Records of Employment (ROEs).
Financial Statements
Compiled balance sheets, income statements, cash flow statements, and management reports.
CRA Audit Support
Full representation during CRA audits, document preparation, appeals, and correspondence management.
Virtual CFO
Strategic financial planning, cash flow forecasting, budgeting, and executive-level financial advisory.
QuickBooks / Xero Setup
Full setup, chart of accounts configuration, bank feed connection, and hands-on training for your team.
Simple Monthly Packages
No hidden fees. Cancel anytime. Start with a free consultation.
For small businesses and sole proprietors getting organized.
- Monthly bookkeeping (up to 100 transactions)
- Quarterly HST/GST filing
- Monthly financial summary report
- Bank & credit card reconciliation
- Email support (48h response)
- Cloud accounting setup (QuickBooks/Wave)
For growing businesses that need full financial management.
- Everything in Starter, plus:
- Payroll for up to 5 employees
- Corporate tax return (T2) included
- Up to 2 personal tax returns (T1)
- Quarterly financial statements
- Priority phone & email support
- Annual tax planning session
For established companies needing a dedicated finance team.
- Everything in Professional, plus:
- Virtual CFO services
- Unlimited payroll employees
- Monthly management reports
- Cash flow & budget forecasting
- CRA audit support included
- Dedicated Slack channel
How It Works
1. Free Consultation
30-minute call to understand your business needs and recommend the right package.
2. Document Setup
We connect to your bank accounts and accounting software, or help you set one up.
3. Monthly Service
We handle your books every month — you get clean reports, on time, every time.
4. Tax Season
We prepare and file all required returns (T1, T2, HST/GST) before every deadline.
5. Annual Review
Year-end review, tax planning for next year, and compliance calendar updates.
6. Ongoing Support
Year-round CRA communications, questions answered, and advisory on demand.
Ready to Clean Up Your Books?
Free 30-minute consultation — no commitment, no credit card required.
Pay Securely From
Anywhere in the World
Pay instantly by card, digital wallet, or cryptocurrency — charged in USD — or request bank transfer, Wise, or Interac instructions by email.
Select Your Service
Choose Your Currency
Choose Payment Method
Payment Summary
Estimates onlyAll transactions are encrypted and secure. For questions: office@payon.finance · +1 (365) 886-8444
Professional Payroll for
Canadian Businesses
We handle all calculations, T4 filings, and CRA remittances — so you focus on growing your business. Fully bilingual. 100% compliant.
Free 30-minute setup call · No long-term contracts · Cancel anytime
Everything your payroll needs,
handled for you
No surprises, no missed deadlines. Full ownership of your payroll process.
Accurate Canada Pension Plan and Employment Insurance deductions for every employee, every pay period.
Year-end T4 and T4A slips prepared and filed with the CRA on time — zero stress for your team.
Record of Employment issued promptly when employees leave — critical for EI claims, handled correctly.
Monthly source deduction remittances filed on time, every time. Never miss a CRA deadline again.
Workplace Safety and Insurance Board premiums calculated and reported quarterly for Ontario businesses.
Employee direct deposit configuration and digital pay stub delivery — on time, every pay cycle.
Simple plans, no hidden fees
All plans include CRA filings, direct support, and zero setup fees.
For owner-operators and freelancers with no employees yet.
- Owner only (1 person)
- Quarterly CRA remittances
- T4/T4A year-end filing
- Income tracking
For small businesses with up to 5 employees.
- Up to 5 employees
- Monthly CRA remittances
- T4 slips for all staff
- ROE management
- CPP/EI calculations
Full-service payroll for teams up to 15 employees.
- Up to 15 employees
- Bi-weekly payroll runs
- All T4/ROE management
- WSIB reporting
- Direct deposit setup
- Dedicated payroll specialist
For 15+ employees or complex multi-province payroll needs.
- Unlimited employees
- Multi-province payroll
- Benefits administration
- HR integration support
- Priority dedicated support
How it works
We review your business structure, number of employees, and pay schedule in a 30-minute call.
Each pay period, send us timesheets or connect your scheduling software. We calculate everything.
You review the payroll summary, approve, and employees receive direct deposits on time.
All remittances, T4s, and compliance filings handled automatically. You get confirmations.
Ready to simplify your payroll?
Free 30-minute setup consultation. We handle everything from day one.
Start Your Business
in Canada — We Handle Everything
From incorporation to your first payroll — we guide you through every step. Fully bilingual support in English and French.
Free 30-minute consultation · Fast turnaround · Bilingual support
Everything to launch your business
We handle all paperwork, registrations, and filings — you focus on your idea.
We search and reserve your business name to ensure it's unique and available across Canada.
Articles of Incorporation filed with the Ontario government. Fast, compliant, affordable. 5–7 business days.
Operate nationwide under a federal charter. Ideal for businesses planning to expand beyond Ontario.
Your company's tax identity in Canada. Required before you can open a business bank account or hire employees.
Mandatory when revenue exceeds $30,000. We register you and explain your quarterly reporting obligations.
All corporate documents organized and maintained — essential for banking, investors, and CRA audits.
We prepare all required documents and help you choose the right bank for your business type and needs.
Annual corporate filing with the government — we remind you and file on your behalf every year, on time.
Choose your launch package
All packages include a free consultation and dedicated support throughout the process.
Everything to register your Ontario corporation and start operating legally — fast and hassle-free.
- NUANS name search
- Ontario incorporation
- CRA Business Number
- HST/GST registration
- Corporate minute book
- Bank account document prep
Federal incorporation + full CRA setup. Operate in all Canadian provinces from day one.
- Everything in Starter
- Federal (Canada-wide) incorporation
- Extra-provincial registration (ON)
- Shareholder agreement template
- 1 year registered agent service
- Priority processing (5 business days)
Everything to launch + 1 full year of tax compliance + first corporate tax return included.
- Everything in Professional
- 1st year T2 corporate tax return
- Quarterly HST/GST filings (year 1)
- Payroll setup (if hiring)
- Monthly financial consulting (year 1)
- CRA audit protection, year 1
Our team understands the specific challenges of launching a business as a newcomer to Canada — from navigating the CRA for the first time, to understanding incorporation types, to transferring startup capital from abroad. We've helped hundreds of newcomer entrepreneurs launch their first Canadian business.
Annual Corporate Maintenance
After incorporation, your corporation has ongoing legal obligations every year. We handle them all — so you never miss a deadline.
Minute Book Maintenance
Annual director and shareholder resolutions, updated registers, dividend declarations, and officer appointments — all properly documented.
Ontario Annual Return
Ontario corporations must file an Annual Return with the government each year. We track your deadline and file on your behalf automatically.
Director & Officer Updates
Adding or removing directors, changes to officers, share transfers — all government filings handled correctly and on time.
CRA Business Account Updates
Address changes, fiscal year updates, program account additions (payroll, HST) — we keep your CRA profile current and correct.
Minute book update, Ontario Annual Return filing, director resolutions, CRA updates. Everything your corporation needs to stay in good legal standing — once a year.
Your Canadian business starts today
Free 30-minute consultation — no commitment, no pressure. We handle the rest.
Fractional CFO Services
Get C-suite financial strategy without the C-suite salary. We embed as your part-time CFO to drive growth, strengthen your financial reporting, and optimize your financial engine.
Senior financial leadership,
on your terms
A Fractional CFO is a seasoned financial executive who works with your company part-time. You get the strategic vision of a full-time CFO at a fraction of the cost — ideal for growing businesses that need expertise without a $200K+ salary commitment.
Cash Flow Management
Real-time cash flow monitoring, 13-week rolling forecasts, and proactive strategies to ensure you never run out of runway.
Financial Projections
3-year financial models, scenario planning, and KPI dashboards that turn your vision into a bankable business plan.
Investor Readiness
Pitch deck financials, cap table modeling, and due diligence preparation — so you walk into every investor conversation with clean, credible numbers.
Systems & Automation
Implement accounting systems, automate reporting, and build the financial infrastructure that scales with your growth.
Banking & Financing
Loan and grant application support (IRAP, CDAP), cash flow projections for lenders, and financing-readiness reviews ahead of your next credit application.
M&A Support
Financial due diligence, preliminary valuation analysis, and integration planning to support your acquisition or exit process.
Choose your engagement level
Up to 4 hours/month. Monthly financial review, KPI report, and email support.
- ✓ Monthly P&L analysis
- ✓ Cash flow overview
- ✓ 1 strategy call/month
- ✓ Email Q&A support
Up to 20 hours/month. Full strategic CFO partnership with weekly touchpoints.
- ✓ Everything in Growth
- ✓ Weekly check-in calls
- ✓ Fundraising support
- ✓ Board meeting prep
- ✓ M&A / exit readiness
Up and running in 5 days
Discovery Call
Free 30-min call to understand your needs and goals
Financial Audit
Review your current financials, systems, and key metrics
90-Day Plan
Custom financial roadmap with quick wins and long-term goals
Ongoing Partnership
Regular calls, reporting, and always-available support
Ready to get a financial edge?
Book a free 30-minute strategy call. No commitment required.
Recover Up to 35% of Your R&D
The SR&ED program is Canada's most generous tax incentive. Most businesses that qualify don't know it — our specialists find and claim every dollar you're owed.
Paid out annually by CRA to Canadian businesses
Maximum refundable credit rate for CCPCs
Credit rate for larger corporations and non-refundable
Can claim retroactively for past tax years
More work qualifies than
you think
Software Development
New algorithms, novel architectures, overcoming technical uncertainty in building software products.
Manufacturing & Engineering
Process improvements, prototype development, material testing, and production optimization.
Life Sciences & Biotech
Drug development, clinical trials, medical device innovation, and formulation research.
Clean Tech & Energy
Renewable energy systems, environmental technology, sustainable processes and materials.
AI & Machine Learning
Training novel models, advancing ML methods, developing AI-powered products beyond existing knowledge.
Architecture & Construction
Novel building materials, innovative structural systems, experimental construction techniques.
- ✓ Salaries & wages for R&D staff
- ✓ Subcontractor costs (65% eligible)
- ✓ Materials consumed in experiments
- ✓ Third-party payments for SR&ED
- ✓ Lease costs of equipment used in R&D
- ✓ Overhead (proxy method: 55% of salaries)
Technological Uncertainty
You were trying to overcome a challenge where the solution wasn't known
Technological Advancement
Your work aimed to advance knowledge in a technical field
Systematic Investigation
Work was conducted through experimentation and hypothesis testing
We handle everything
Our SR&ED specialists identify, document, and file your claim. You focus on innovation — we handle the paperwork.
Free Assessment
We review your business activities to identify SR&ED eligible work. Zero cost, zero commitment.
Technical Documentation
Our SR&ED writers craft compliant technical narratives that satisfy CRA reviewers.
Financial Calculations
We maximize your claim by accurately calculating all eligible expenditures and applying the best method.
Filing & Follow-up
We file with CRA and handle any review or audit correspondence on your behalf.
Contingency-based: we only win when you win
No upfront fees. We charge a percentage of the credit we recover — so our incentives are perfectly aligned with yours.
of recovered credits (contingency)
if we don't recover anything
Don't leave money on the table
Get a free SR&ED assessment — most businesses are surprised by how much they qualify for.
Your Canadian Dream,
Starts Here
Everything a newcomer needs to launch a legitimate, CRA-compliant business in Canada — in one complete package, in your language.
Bilingual Support
English and French speaking advisors. No language barrier when it matters most.
Fast-Track Setup
Your business registered and operational in as little as 2 weeks from start to finish.
Newcomer Expertise
We've helped 50+ newcomer entrepreneurs build thriving businesses in Ontario.
Complete Package
One price, one team, zero hidden costs. From incorporation to first invoice — we're with you.
Everything in one package
- ✓ Ontario incorporation (numbered or named)
- ✓ Business Number (BN) registration
- ✓ HST/GST registration
- ✓ Corporate minute book setup
- ✓ Shareholder & director setup
- ✓ Business bank account guidance
- ✓ First-year corporate tax return (T2)
- ✓ Accounting software setup (QuickBooks)
- ✓ First 3 months bookkeeping included
- ✓ CRA account setup & access
- ✓ Invoice template & billing setup
- ✓ Payroll setup (if applicable)
- ✓ 2 strategy calls (30 min each)
- ✓ Newcomer business guide (EN/UA/PL)
- ✓ Canadian tax calendar & reminders
- ✓ Business structure recommendation
- ✓ 30-day priority email support
- ✓ Client portal access
All-inclusive. Government fees included. No surprises.
From idea to open for business
Free Newcomer Consultation Day 1
30-minute call in English or French. We understand your goals, suggest the right business structure, and explain your options.
Document Collection Days 1–3
Simple checklist of what we need: SIN, PR card or work permit, address, business name ideas. Secure portal upload — no in-person visits required.
Incorporation & Registration Days 3–7
We file your corporation with Ontario, register your BN and HST/GST with CRA. You receive your Certificate of Incorporation and official documents.
Financial Setup & Banking Days 7–10
We set up your accounting software, create invoice templates, and guide you through opening a business bank account at TD, RBC, or Scotiabank.
You're Open for Business! Day 14
Legal company, CRA accounts, accounting system, banking — everything ready. Start serving clients and growing your Canadian dream.
Newcomers who made it happen
"Переїхав до Канади у 2022 і не знав з чого починати. Payon Finance зробили всю роботу за мене — за 2 тижні я вже мав компанію і рахунок у банку."
"As a newcomer, I was worried about navigating the tax system. The team explained everything clearly in English and my business was running smoothly within weeks."
"Дуже вдячна за підтримку на кожному кроці. Від назви компанії до першого рахунку — все пройшло ідеально. Тепер маю 3 клієнтів і плануємо розширення!"
Common newcomer questions
Can I incorporate as a newcomer without PR? +
Yes! Work permit holders and even some visitors can incorporate a Canadian company. You need a valid SIN and at least one director must be a Canadian resident (we can advise on structure).
How long does incorporation take? +
Ontario incorporation typically takes 2–5 business days after we receive your documents. Federal incorporation is 10–15 days. With rush processing available, we can often do it in 24 hours.
Do I need to come in person? +
No. Everything is 100% remote. Document collection via our secure portal, calls via Zoom, and all signatures through DocuSign. We serve clients across Ontario and Canada.
What about after the package — what are ongoing costs? +
After the initial setup, you'll need annual accounting (from $699/yr for simple returns) and corporate tax filing. We offer bundled ongoing packages from $99/month that cover bookkeeping and annual filing.
Your Canadian business
starts with one call
Free 30-minute consultation. We speak English & French.
Terms & Conditions
Please read these terms carefully before using Payon Finance services.
1. About Payon Finance Inc.
Payon Finance Inc. ("Payon Finance", "we", "us", or "our") is a Canadian corporation incorporated in Ontario with head office at 818 The Queensway, Suite 303, Toronto, Ontario M8Z 1N5, Canada. We provide payroll processing, business registration, accounting, and FINTRAC compliance consulting services to clients across Canada. Payon Finance Inc. has submitted a Money Services Business (MSB) registration application to FINTRAC under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). This application is currently under review. International money transfer, currency exchange, and virtual currency services are not yet operational and will only be offered after FINTRAC confirms our MSB registration.
2. Acceptance of Terms
By accessing our website, portal, or engaging any of our services, you confirm that you have read, understood, and agree to be bound by these Terms & Conditions. If you do not agree, you must not use our services. These terms apply to both individual and business clients.
3. Eligibility & Client Verification (KYC)
Before any regulated financial service is initiated, all clients must complete our Know Your Customer (KYC) verification process. Note: money transfer services are not yet operational pending FINTRAC registration approval. KYC requirements for that service will apply upon launch. This includes:
- Submission of a valid, government-issued photo ID (passport, driver's licence, or provincial ID)
- Proof of current residential or business address (utility bill, bank statement, or official government document dated within 90 days)
- Additional documentation may be requested at our discretion for enhanced due diligence (EDD)
We reserve the right to decline or suspend service to any client who fails to meet our verification requirements or whose transactions raise compliance concerns.
4. International Money Transfers — Pending Service
International money transfer, currency exchange, and virtual currency services are not yet operational. Payon Finance Inc. has submitted an MSB registration application to FINTRAC and is awaiting confirmation of registration. Until FINTRAC confirms our registration, we do not accept, process, or facilitate any money transfers, currency conversions, or virtual currency transactions. Any transfer-related features visible on our website or client portal are illustrative previews only — no real funds are involved and no transfers are executed. The following terms will govern this service upon launch:
- Transfer Fee: A flat fee of $12.00 CAD per transfer transaction will apply, disclosed at time of confirmation.
- Exchange Rates: Rates displayed are indicative only and subject to change. The applicable rate will be locked at the moment of confirmed transaction.
- Processing Time: Estimated at 1–2 business days after deposit confirmation, subject to bank holidays and compliance review.
- No Refunds: Once a transfer is processed and funds dispatched, no refunds will be issued. Contact office@payon.finance immediately if you believe an error has occurred.
5. Payroll, Accounting & Business Registration
Payroll processing, accounting, tax filing, and business registration services are provided subject to separate service agreements and pricing schedules confirmed at the time of engagement. Timelines, deliverables, and fees are outlined in the applicable service proposal or engagement letter provided to the client.
6. FINTRAC Compliance & Reporting Obligations
Payon Finance Inc. has submitted an MSB registration application to FINTRAC and is preparing to comply with all obligations under PCMLTFA and FINTRAC regulations upon registration approval. In anticipation of registration, Payon Finance voluntarily adheres to the following practices:
- Retention of client identification and transaction records for a minimum of five (5) years
- Reporting of Large Cash Transactions (LCTs), Electronic Funds Transfers (EFTs), and Suspicious Transaction Reports (STRs) to FINTRAC as required by law
- Ongoing monitoring of client activity and risk assessment
By using our services, you consent to the collection, use, and disclosure of your personal and financial information as required by applicable law.
7. Prohibited Use
Our services are offered strictly for lawful business and personal financial purposes. You agree that you will not use Payon Finance services, directly or indirectly, for:
- Money laundering, terrorist financing, or any activity prohibited under Canadian or international law
- Circumventing tax obligations or regulatory reporting requirements
- Transactions involving sanctioned individuals, entities, or jurisdictions
- Any fraudulent, deceptive, or unlawful purpose
Any suspected misuse will be reported to FINTRAC and relevant law enforcement authorities.
8. Limitation of Liability
Payon Finance shall not be liable for any indirect, incidental, or consequential damages arising from the use of our services, including but not limited to losses resulting from currency fluctuations, third-party bank delays, or force majeure events. Our aggregate liability shall not exceed the fees paid by the client for the specific transaction giving rise to the claim.
9. Governing Law & Dispute Resolution
These Terms & Conditions are governed by and construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein. Any dispute arising out of or relating to these terms or our services shall be subject to the exclusive jurisdiction of the courts of Ontario, Canada.
10. Contact Us
For questions, concerns, or complaints regarding these Terms & Conditions or our services, please contact:
- Email: office@payon.finance
- Phone: +1 (365) 886-8444
- Address: 818 The Queensway, Suite 303, Toronto, Ontario M8Z 1N5, Canada
11. Changes to These Terms
We reserve the right to update these Terms & Conditions at any time. Material changes will be communicated via our website. Continued use of our services after any update constitutes acceptance of the revised terms.
Last Updated: June 2026 | Language: English only
Privacy Policy
How Payon Finance Inc. collects, uses, and protects your personal information.
Last Updated: June 2026
1. About This Policy
Payon Finance Inc. ("Payon Finance", "we", "us", or "our") is a Canadian corporation registered in Ontario. We provide payroll processing, business registration assistance, accounting, and FINTRAC compliance consulting services. Payon Finance Inc. has submitted a Money Services Business (MSB) registration application to FINTRAC; this application is currently under review. International money transfer and currency exchange services are not yet operational. This Privacy Policy explains how we collect, use, disclose, and safeguard personal information in compliance with the Personal Information Protection and Electronic Documents Act (PIPEDA) and applicable provincial legislation.
2. Information We Collect
We collect personal information that is necessary to provide our services and meet our legal obligations, including:
- Full legal name and date of birth
- Residential and business address
- Government-issued identification (e.g., passport, driver's licence, permanent resident card)
- Proof of address documentation
- Banking and financial account information
- Payroll data (employee compensation, deductions, tax information)
- Business registration details and corporate documents
- Contact information (email address, phone number)
We collect this information directly from you, from authorized representatives, or from third-party sources where permitted by law.
3. How We Use Your Information
We use your personal information to: deliver and administer the services you have requested; verify your identity and comply with Know Your Customer (KYC) obligations; process payroll and remit statutory deductions to the Canada Revenue Agency (CRA); register businesses with relevant provincial and federal authorities; prepare financial statements and tax returns; communicate with you regarding your account; and detect and prevent fraud or other unlawful activity. International money transfer services are not yet operational; personal information collected in connection with this future service will only be used for transfer processing upon FINTRAC registration approval.
4. FINTRAC Obligations
Payon Finance Inc. has submitted an MSB registration application to FINTRAC under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). Upon FINTRAC's confirmation of our registration, we will be subject to obligations including: verifying client identity before providing regulated financial services; retaining records of transactions and client identification for a minimum of five (5) years; and reporting certain transactions to FINTRAC, including large cash transactions, electronic funds transfers, suspicious transactions, and terrorist property reports. We voluntarily apply AML/KYC best practices in the interim period. These future obligations will exist independently of client consent and cannot be waived.
5. Disclosure to Third Parties
We do not sell, rent, or trade your personal information to any third party for commercial or marketing purposes. We may share your information only:
- With government and regulatory authorities as required by law (including FINTRAC, CRA, and corporate registries)
- With service providers acting on our behalf under strict confidentiality agreements
- With financial institutions necessary to complete your transactions
- With your explicit written consent
6. Cookies and Website Data
Our website uses cookies and browser localStorage to improve your experience, remember your preferences, and support functional features such as currency calculators and form state. We do not use tracking cookies for advertising purposes. By continuing to use our website, you consent to this use. You may disable cookies in your browser settings; however, some site features may not function correctly as a result.
7. Data Retention and Security
We retain personal information for as long as necessary to fulfill the purposes for which it was collected, and in any event for the minimum periods required by law — including the five-year FINTRAC retention requirement. We implement reasonable administrative, technical, and physical safeguards to protect your information against unauthorized access, disclosure, alteration, or destruction.
8. Your Rights Under PIPEDA
Subject to applicable legal exceptions, you have the right to: access the personal information we hold about you; request correction of inaccurate or incomplete information; withdraw consent to certain uses of your information where consent is the legal basis; and file a complaint with the Office of the Privacy Commissioner of Canada if you believe we have mishandled your information.
9. Contact Us
To exercise your rights or ask questions about this policy, please contact our Privacy Officer:
- Email: office@payon.finance
- Address: 818 The Queensway, Suite 303, Toronto, Ontario M8Z 1N5, Canada
We will respond to written requests within 30 days as required by PIPEDA. If you are not satisfied with our response, you may contact the Office of the Privacy Commissioner of Canada at www.priv.gc.ca.
This Privacy Policy may be updated periodically. Material changes will be posted on this page with a revised "Last Updated" date. Continued use of our services after such changes constitutes acceptance of the updated policy. | Last Updated: June 2026 | Language: English only
Up to $15,000+ in Grants
for Your Business
Canadian businesses leave millions in government grants unclaimed every year. We identify the programs you qualify for, prepare your applications, and maximize your funding — no upfront cost on contingency programs.
Max CDAP digital grant
IRAP covers eligible R&D costs
Canadian SMEs qualify for grants
Eligibility assessment
Grant programs we help
you access
CDAP — Canada Digital Adoption Program
Up to $15,000 non-repayable grant to help small businesses adopt digital tools — e-commerce, accounting software, CRM, cybersecurity. Also includes a 0% interest loan of up to $100,000 through BDC.
Who qualifies: Canadian-owned small/medium businesses with 1–499 employees and minimum $500,000 in annual revenue.
IRAP — Industrial Research Assistance Program
NRC-IRAP provides funding to cover up to 50% of eligible R&D costs — salaries, contractor fees, and materials. Unlike SR&ED (a tax credit), IRAP is a direct grant paid to your business during the project.
Who qualifies: Canadian SMEs (under 500 employees) engaged in technology innovation, software development, or product R&D.
Canada Summer Jobs & Wage Subsidies
Canada Summer Jobs subsidizes up to 100% of minimum wage for hiring youth (15–30). The Canada Jobs Training Grant reimburses up to 50% of training costs for upskilling employees.
Who qualifies: Most small businesses with fewer than 50 employees qualify for Canada Summer Jobs.
Ontario Export Market Development Grant
Reimburses 50% of eligible export development costs — trade shows, international market research, travel, website localization. Up to $30,000 per year for Ontario SMEs.
Who qualifies: Ontario businesses with fewer than 500 employees exporting or planning to export goods/services internationally.
Simple, performance-based pricing
We assess which grants you qualify for — no cost, no commitment.
- ✓ Business profile review
- ✓ Grant matching report
- ✓ Estimated funding amount
Success fee on approved funding only. You pay nothing unless we secure the grant.
- ✓ Full application preparation
- ✓ Document compilation
- ✓ Government portal submission
- ✓ Follow-up & correspondence
- ✓ No upfront fees
Not sure if you qualify?
Book a free 20-minute eligibility call — we'll tell you exactly which grants are available for your business right now.
Resources for Canadian Businesses
Practical guides on FINTRAC compliance, payroll, tax, and business registration — written in plain language for Canadian entrepreneurs.
How to Start a Business in Canada as a Newcomer
Starting a business in Canada as a newcomer is possible, but the order of the steps matters. This checklist walks through status, structure, registration, tax accounts and the mistakes that cost new owners time and money.
Ontario vs Federal Incorporation: Which Is Right for You?
In Canada you can incorporate under Ontario's Business Corporations Act (OBCA) or the federal Canada Business Corporations Act (CBCA). Both create a separate legal entity, but costs, rules and reach differ. This guide helps you choose.
HST/GST Registration in Canada: When and How to Register
Most Canadian businesses must register for GST/HST once their taxable sales pass $30,000, and many choose to register earlier. This guide explains the threshold, provincial rates, input tax credits, filing frequency and the Quick Method.
Canada Payroll Guide: CPP, EI and CRA Remittances
Running payroll in Canada means deducting CPP, EI and income tax from each paycheque, adding your employer share and sending the money to the CRA on time. This guide covers the 2026 rates, remittance schedules, year-end slips and the employee versus contractor question.
Hiring Your First Employee in Canada: A Practical Guide
Hiring your first employee in Canada means more than agreeing on a wage. You need CRA and WSIB accounts, source deductions, remittances and year-end slips, and mistakes get penalized quickly.
What Is FINTRAC MSB Registration? A Canadian Guide
If your business exchanges currency, moves money or deals in virtual currency in Canada, you probably need to register with FINTRAC as a money services business (MSB). This guide covers who must register, how the process works and what comes after.
FINTRAC Compliance Program Requirements for MSBs
Every money services business in Canada needs a written compliance program, not just a FINTRAC registration. This guide covers the five required elements, key reports and what an examiner is likely to check.
SR&ED Tax Credits in Canada: Eligibility and How to Claim
The Scientific Research and Experimental Development (SR&ED) program gives Canadian businesses tax credits for eligible R&D work. This guide explains what qualifies, which costs count, the current rates and how to claim.
T2 Corporate Tax Return and the Small Business Deduction
Every Canadian corporation must file a T2 return, even with no profit. This guide explains the deadlines, how the small business deduction lowers tax, and the penalties that catch new owners off guard.
What Is a Fractional CFO? A Guide for Canadian Businesses
A fractional CFO provides part-time, senior-level financial leadership without the cost of a full-time executive. This guide explains the role, how it differs from bookkeeping and accounting, and when it makes sense.
Receiving International Payments as a Canadian Freelancer
Working for clients abroad is common for Canadian freelancers, but getting paid involves exchange rates, transfer fees and tax rules that are easy to miss. This guide covers your payment options, how to invoice, GST/HST on exports and what to report to the CRA.
Useful Government Resources
Have a specific question?
Book a free 30-minute consultation — we answer questions in English and French.
Get Paid Worldwide —
Without the Hassle
Canadian freelancers and contractors can receive international payments in CAD, USD, AED, EUR or AUD — no banking headaches, competitive rates, tax-ready reports.
Currencies supported
Business days to receive
Monthly account fee
Remote — no branch visits
Three simple steps to
receive your payment
Create Your Invoice
Use our built-in Invoice Builder to generate a professional invoice in your client's currency. Send it by email directly from the platform.
Client Pays Internationally
Your client in the US, UAE, Europe or anywhere else pays in their local currency. We handle the cross-border transfer and currency conversion.
You Receive in CAD or USD
Funds land in your Canadian bank account in 1–2 business days. Download tax-ready payment reports anytime.
Built for Canadian
independent professionals
IT & Developers
Software developers, QA engineers, DevOps and IT consultants working with foreign clients.
Designers & Creatives
Graphic designers, UX/UI specialists, video editors, photographers and content creators.
Consultants
Business consultants, marketing specialists, financial advisors billing international clients.
Contractors
Independent contractors on retainer or project-based agreements with companies abroad.
Writers & Translators
Copywriters, technical writers, translators and editors working across borders.
Remote Workers
Full-time remote employees paid as contractors by foreign companies in any currency.
Receive in any currency,
settle in yours
The Freelancer & Contractor Payments service is currently in development. The features shown on this page are a preview of planned services only. No transfers are processed and no funds are accepted at this time. Join the waitlist to be notified when the service launches.
Join the Waitlist
We'll notify you as soon as Freelancer Payments launches. Early waitlist members get priority onboarding and preferred rates.
No spam. Unsubscribe anytime. CASL compliant.
Invoice Builder
Create professional invoices in seconds. Fill in your details, add line items, and download as PDF or send directly by email — no account needed.