Financial Statements

Professionally prepared financial statements your bank, CRA, and investors can rely on. Notice to Reader and Review Engagement services for small businesses.

Get a Free QuoteCall (905) 334-4611
5.0-StarGoogle Rated (10 Reviews)
30+Years Experience
CRAAuthorized e-filer

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 qualified accounting team, they may not be accepted.

Ontario Tax Team prepares Notice to Reader (NTR) and Review Engagement financial statements for small businesses across Southern Ontario and the GTA. 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

Notice to Reader (NTR)
  • 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
Review Engagement
  • All components of an NTR
  • Analytical procedures and inquiries performed
  • Limited assurance on financial statements
  • Review engagement report included
  • Suitable for banks, lenders, and investors
Who Needs Financial Statements
  • 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

What Our Clients Say

Real reviews from real clients on Google.

“Best tax services. My go to accountant”

Sohail Esat

in the last week

“I've been using this firm for my business taxes and couldn't be happier. They're thorough, responsive, and clearly know their stuff when it comes to small business tax filings. They caught deductions I would have missed on my own and made the whole process painless. I just sent over my documents and they handled the rest. Fair pricing, no surprises, and they actually take the time to explain things in plain English. Highly recommend to any business owner looking for a reliable accountant.”

Marwan AA

in the last week

“I recommend this accounting team highly enough! They have been handling my personal and business taxes for over 30 years, and their service has been absolutely excellent. They make the entire tax season completely stress-free. Navigating business tax returns and personal accounting can be overwhelming, but they are always a pleasure to deal with—they are genuinely good, easy-going people who take the time to explain everything clearly. If you are looking for highly professional, reliable, and expert tax preparation services, look no further. I couldn't imagine trusting anyone else with my finances!”

Serene

a month ago

“Samer helped me file my personal taxes for the past 7 years. Met up at the office & asked many questions to understand the process, highly recommended”

Atikur Rahman

a month ago

“Samer was a great accountant! He is efficient, precise and attentive to my needs. I was happy with the quick turn around time. He was very professional.”

Kare4ly ....

a month ago

Read all 10reviews on Google →

Frequently Asked Questions

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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.

Book Free ConsultationCall (905) 334-4611