Accounting + Tax
Fresh Accounting offers bookkeeping services, compilation engagements, corporate tax returns, payroll and GST/HST/PST filing. We cater to both small and medium sized businesses as well as file tax returns for individuals.
Fresh Accounting offers bookkeeping services, compilation engagements, corporate tax returns, payroll and GST/HST/PST filing. We cater to both small and medium sized businesses as well as file tax returns for individuals.
A compilation engagement is a report and set of financial statements prepared by a CPA. This new standard comes from CSRS 4200 and is effective for periods ending on or after December 14, 2021. This standard is targeted specifically to third party readers of the financial statements such as banks, financial institutions, or investors. If there are no third-party users, then a compilation engagement may not be required.
Every business in Canada must file a T2 tax return within six months following the end of each taxation year. All resident or non-resident corporations must file a corporation income tax (T2) return every tax year, even if no tax is due. This includes the following: