Not-for-Profit « Services « McLaren Trefanenko Inc. — Certified General Accountants

By: Mc Laren Mc Cann Interactive  09-12-2011
Keywords: Accounting, tax preparation, Financial Statements

Not-for-Profit « Services « McLaren Trefanenko Inc. — Certified General Accountants

Tax Preparation and Planning

We prepare annual tax and information returns for not-for-profits and charities as required by Canada Revenue Agency, including:

  • T2 Corporate Income Tax Return
  • T1044 Non-Profit Information Return
  • T3010-1 Registered Charity Information Return

Financial Statements

We provide the following financial statement preparation and assurance services for not-for-profits and charities:

Compilation Engagement (Notice to Reader)

We use the information provided by the organization to prepare the financial statements, but do not “review” or “audit” this information.

Review Engagement

We review the financial statements to establish that the statements are credible and not misleading. Also, we ascertain that nothing has come to our attention that would indicate the statements were not prepared in accordance with Canadian accounting standards.

Audit Engagement

In an audit engagement, we provide an independent and objective opinion that the financial statements fairly present the organization’s financial position, financial performance and its cash flows.

If the organization has no requirement for annual audited financial statements, a compilation or review engagement may be sufficient. Requirement for an audit is identified in an organization’s Charter or incorporation documents.  Also, a motion to require an audit may be approved by the general membership.  This would be stated in previous annual general meeting minutes and should be approved each year.

Other Services

Other services we provide to not-for-profit and charities are:

  • Review or audit of internal controls
  • Forensic audits
  • Feasibility studies
  • Accounting software setup and training

Keywords: Accounting, Accounting Software, Accounting Software Setup, Certified General Accountants, Feasibility Studies, Financial Statements, General Accountants, income tax, Software Setup, tax preparation, Tax Return,

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Other products and services from Mc Laren Mc Cann Interactive


Services « McLaren Trefanenko Inc. — Certified General Accountants

Income Tax Filings; Compilation, Review & Audit Services; Tax Advice & Financial Planning; New Business Set-Up; Computer Services & Accounting Software Training. Personal T1 Tax Returns; Rental Income; Investments; Tax Credits & Benefits; RRSP & TFSA; Adjusted Cost Base Tracking. Expert Witness Testimony; Financial Fraud Investigations; Litigation Support; Alleged Fiduciary Abuse Investigations.


Forensic & Special Investigations « Services « McLaren Trefanenko Inc. — Certified General Accountants

Our forensic and special investigations team has experience and knowledge in investigating fraudulent financial activities for Estates and family matter disputes, business, and not-for-profits. The team consists of a designated Certified Fraud Examiner, two associate members of the Certified Fraud Examiners Association, and two support staff.


Non-Residents « Services « McLaren Trefanenko Inc. — Certified General Accountants

If the non-resident vendor does not comply with Canadian tax legislation, the purchaser will be liable for a withholding tax – 25% to 50% of the sale proceeds. We can advise Non-Residents on Canadian tax reporting requirements and assist them in preparing Canadian tax filings in the following circumstances. Annual NR4 tax filings for payments to non-residents. File Canadian Income Tax return.


Estates & Trusts « Services « McLaren Trefanenko Inc. — Certified General Accountants

We provide bookkeeping and account reporting services for Estates and Trusts, such as compilation of Estate accounts in summary format, and preparation of formal Estate accounts for Passing of Accounts in Court. If the deceased owned a business at the time of death, the Executor or Administrator may also be responsible for any required tax filings of the business.


Personal « Services « McLaren Trefanenko Inc. — Certified General Accountants

Voluntary Disclosure – T1 back filings and T1 adjustments. We provide other personal tax and accounting services. Sale of real estate or title transfer. Deductions, Tax Credits & Benefits.