June 9, 2021

Do My Small Business Financial Statements Have to be Audited?

If your business is incorporated, Canada Revenue Agency requires financial statement information to be filed using the GIFI, or General Index of Financial Information for Corporations.  If notes to the financial statements, or an auditor or accountant's report were prepared, they should also be submitted with the tax return.  Audited financial statements are not required to be filed.

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Original Article Source Credits:   Taxtips , https://www.taxtips.ca/

Article Written By:  NA

Original Article Posted on:  February 18, 2021

Link to Original Article:  https://www.taxtips.ca/smallbusiness/auditedfs.htm

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