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Financial Statements

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

5.0-StarGoogle Rated (8 Reviews)
30+Years Experience
QuickBooksProAdvisor
BBBAccredited

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.

I'm self employed and honestly had no idea how many deductions I was leaving on the table. Samer walked me through everything expenses I never knew I could claim on my personal tax return. Thanks to his guidance, I ended up with a significantly bigger refund than I expected. If you're self-employed and filing personal taxes in Ontario, this is the team to go to. Highly recommend.

yamen rashwani

in the last week

Ontario tax team helped us with corporate filings & payroll services. Extremely satisfied, highly recommended! Met up in their oakville office & spoke with the lead accountant for all our matters.

Sal A

in the last week

Samer is an amazing person that really helped out my father with taxes, he’s personable and really knowledgeable. If you need any tax help be sure to call to have everything taken care of fast and smoothly!

Matthew Dusome

in the last week

Just had my personal income tax return filed and the entire experience was seamless. I'm based in Toronto and couldn't make it into their Oakville office, but they handled everything 100% virtually: collected my documents online, walked me through every deduction I qualified for, and filed my T1 return with the CRA quickly and accurately. Communication was fast, the pricing was fair, and I filed a T4A for the first time with no headaches. If you're in Oakville (or anywhere in the GTA) looking for a knowledgeable personal tax accountant who actually responds and gets the job done right, I'd highly recommend them.

Scoutty

a week ago

Had my personal income taxes done through this company, seems like they have a lot of experience.

Adam B

2 weeks ago

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