The Wave Accounting alternative for
Canadian corporations.
Wave was built for freelancers. The day you incorporate, you inherit share capital, shareholder loans, a T2, and a CPA who wants GIFI-mapped numbers. Ledg is the bookkeeping tool for that exact moment. Canadian, corporate, and built around a real double-entry ledger.
No credit card. Free up to 100 ledger entries. Data stays in Canada.
Why Canadian corporations outgrow Wave and move to Ledg
Wave is for sole proprietors, not corporations
Wave Accounting was built for freelancers and sole proprietors. Once you incorporate in Canada, your books need share capital, shareholder loans, retained earnings, and a T2-ready chart of accounts. That is not what Wave optimizes for.
A T2-ready ledger, not an invoice tool with a ledger attached
Ledg is a double-entry ledger first. GIFI codes, capital cost allowance, and corporate tax schedules are the defaults. Invoicing is in scope, but it is not driving the data model.
GST/HST and PST tracked per province
Ledg tracks GST, HST per province, and provincial PST where it applies. Input tax credits are captured on the way in so quarterly and annual remittances stay current.
A Canadian corporate tax handbook built into the product
154 entries on Canadian corporate tax, GST/HST, payroll, and bookkeeping. Linked inline as you work. Ledg is the accounting tool that teaches you the ropes, not just tracks the numbers.
Ledg vs Wave Accounting for Canadian corporations
Public feature comparison. Based on Wave's pricing and feature pages as of 2026. Let us know at hi@ledg.ca if any row is out of date.
| Capability | Ledg | Wave Accounting |
|---|---|---|
| Designed for incorporated Canadian corporations | Yes | No |
| T2 / GIFI export mapping | Yes | No |
| Shareholder loan and share capital tracking | Yes | Partial |
| Per-province GST/HST/PST | Yes | Partial |
| Canadian corporate tax handbook built in | Yes | No |
| Plaid bank sync for Canadian banks | Yes | Yes |
| AI vendor and category cleanup, Canadian-corp trained | Trained for CCPC chart of accounts | No |
| Stage review queue before posting | Yes | No |
| Clean GIFI-mapped handoff to a CPA | Yes | No |
| Pricing | Free up to 100 entries, then $9 CAD / mo | Free tier, paid Pro |
One ledger, ready for your CPA.
Free up to 100 ledger entries. No credit card. No meeting to book. Move to Solo at $9 a month when you outgrow it.