Financial Statements
CPA-prepared financial statements your bank, CRA, and investors can rely on. Notice to Reader and Review Engagement services for small businesses.
Financial Statements for Small Businesses
Every incorporated business in Canada needs financial statements. They are required for your T2 corporate tax return, and they are often the first thing a bank or lender asks for when you apply for financing. If your financial statements are not prepared by a CPA, they may not be accepted.
Ontario Tax Team prepares Notice to Reader (NTR) and Review Engagement financial statements for small businesses across Oakville, Mississauga, Burlington, and Milton. From our Oakville office at 3148 Sixth Line, we serve business owners in Bronte, Glen Abbey, River Oaks, Old Oakville, and surrounding communities. We take your bookkeeping records, organize them into proper financial statements, and deliver a professional package you can hand to your bank, your investors, or CRA with confidence.
Not sure which type you need? Most small businesses only need an NTR. If your bank or a third party is asking for something more, a review engagement provides the limited assurance they are looking for. We will help you figure out the right fit.
What's Included
- Income statement (profit and loss)
- Balance sheet (assets, liabilities, equity)
- Notes to financial statements
- GIFI-coded for CRA filing
- Prepared from your books without assurance
- Suitable for T2 filing and internal use
- All components of an NTR
- Analytical procedures and inquiries by CPA
- Limited assurance on financial statements
- CPA review engagement report included
- Suitable for banks, lenders, and investors
- Corporations filing a T2 tax return
- Businesses applying for bank loans or lines of credit
- Companies seeking investors or partners
- Franchise operators with reporting requirements
- Businesses bidding on contracts that require financials
- Not-for-profits with annual reporting obligations
Frequently Asked Questions
Find financial statement services in your city:
Ready to Take Control of Your Finances?
Book a free 15-minute consultation and let's talk about how we can help your business thrive.