What's included
- Balance sheet, income statement and notes describing the basis of accounting
- Year-end adjusting entries, accruals and amortization
- Reconciliation to your bookkeeping records and bank statements
- Preparation together with your T2 return
- Interim statements for lenders or management, on request
Who uses them
- Owner-managed corporations and holding companies
- Lenders requesting year-end statements
- Shareholders and partners
- Businesses applying for financing
Common questions
Do I need financial statements to file my T2?
Yes. Corporations must include financial statement information through GIFI schedules, and many owners also need statements for their bank or shareholders.
How long does it take?
Most year-ends are completed within a few weeks of receiving complete records. We agree on a timeline when we give you the quote.