Accounting · London, Ontario
Accounting, financial statements & fractional CFO in London, Ontario
Year-end financial statements, T2 corporate tax returns and part-time CFO support for owner-managed businesses, from a CPA who knows your whole picture.
Accountant in London, Ontario
Reliable numbers that support every decision
Good tax planning starts with accurate books and financial statements. Your bank, your investors and CRA all rely on them, and so do the corporate and estate plans we build for you.
Major Tax & Accounting, CPA prepares your year-end financial statements and corporate tax return, and gives you senior financial guidance through the year. You work with the same CPA who handles your tax planning, so nothing is lost between your accountant and your advisor.
Accounting services
Accounting and CFO services
Financial statements
We prepare year-end financial statements that show your income, expenses, assets and liabilities clearly. Most owner-managed corporations need compiled financial statements to support the T2 return and to share with their bank.
Statements are delivered with a short plain-English summary of how the year went and what to watch for next year.
Fractional CFO
A fractional CFO gives you senior financial leadership for a few hours a month instead of a full-time salary. We build cash flow forecasts and budgets, track the numbers that matter for your business and prepare you for meetings with lenders.
It suits growing companies that have outgrown basic bookkeeping but are not ready to hire a full-time CFO.
Corporate tax returns (T2)
Every Canadian corporation must file a T2 return within six months of its fiscal year-end, even if it owes no tax. Any balance owing is usually due two or three months after year-end.
We prepare and file your T2 return, plan salary and dividends for the owners, and claim the deductions and credits your corporation is entitled to.
Personal tax, bookkeeping and CRA audit defence
We also prepare personal tax returns for business owners, shareholders and their families, keep your books current so you always know where the business stands, and represent you if CRA reviews or audits your returns.
Having one firm handle the books, the corporate return and the personal returns keeps your tax planning consistent from year to year.
Who we help
Accounting for owner-managed businesses
- Incorporated businesses that need year-end statements and a T2 return
- Growing companies that need a part-time CFO
- Incorporated professionals and their families
- Owners who received a letter or review from CRA
- Business owners switching from another accountant
Industries we serve
We speak your industry’s language
Every industry has its own tax traps and opportunities. We know them, so you don’t have to.
Lawyers & Law Firms
Trades & Contractors
Physicians
Dentists
Real Estate Investors & Landlords
Restaurants & Hospitality
Consultants & Professional Services
Retail & Ecommerce
Family Businesses
Questions
Frequently asked questions
When is my corporate tax return due?
The T2 return is due six months after your corporation’s fiscal year-end. The tax balance is generally due two months after year-end, or three months for some Canadian-controlled private corporations.
What does a fractional CFO do?
A fractional CFO handles forecasting, budgeting, cash flow planning and reporting on a part-time basis. You get senior financial advice without the cost of a full-time hire.
Do I need financial statements if I am a small corporation?
Yes. Your corporation needs financial information to file its T2 return, and lenders usually ask for annual financial statements.
Can you help if CRA is reviewing my return?
Yes. We review the request, prepare the response and deal with CRA on your behalf.
Not sure where to start?
Book a 15 minute call. We’ll listen, ask a few questions and tell you exactly how we can help.