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At Tax Filings Canada, we handle every part of your agreed-upon procedures engagement, from the filing itself to the planning around it. Our accountants work with corporations and business owners every week, so you can focus on running and growing your business.
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Stay compliant and optimize your financial processes with our specialized agreed-upon procedures engagement services.
No hidden fees. Pay only after your service is completed. The fee is agreed before any work starts.
Yes — agreed-upon procedures engagement can be handled entirely online. Tax Filings Canada covers compilation engagements under CSRS 4200, review engagements and audit support for lenders, boards and owner-managers at affordable fixed fees, pay-after-service.
You share the paperwork; we take it from there.
Every figure in your agreed-upon procedures engagement file is prepared and checked by a person, not just software.
You get the chance to question, correct, and confirm before we proceed.
Filing is handled for you, with confirmation sent when it is complete.
| Factor | Tax Filings Canada | Typical Firm |
|---|---|---|
| Pricing model | Fixed, flat fee | Hourly / unpredictable |
| Payment | Pay after service | Upfront retainer |
| Price match | Yes, on written quotes | Rarely |
| CRA audit support | Included | Billed extra |
| Typical turnaround | 3-5 business days | 2-4 weeks |
CSRS 4200 replaced the old Notice to Reader; every compilation now carries a basis-of-accounting note that lenders actually read. Our agreed-upon procedures engagement engagement is priced as a affordable flat fee, so the cost is known before the work starts.
After years of preparing agreed-upon procedures engagement files week in and week out, a tax filing specialist starts to see the same handful of decisions shape almost every outcome. These notes cover the ones that matter for Agreed-Upon Procedures Engagement.
The first thing worth pinning down is this: CSRS 4200 replaced the old Notice to Reader. Every compilation now carries a basis-of-accounting note, and it must state whether the statements are for a specific user with a specific purpose.
That rule rarely travels alone; alongside it sits another: A review engagement under CSRE 2400 provides limited assurance at a fraction of audit cost. That is frequently exactly what a bank covenant requires, and often more than it requires. The documentation side matters just as much. A compilation cannot be used where a third party requires assurance. Supplying one where a review or audit was required is a common cause of a financing application stalling.
You do not need to hold all of this in your head. You need someone who does — and a tax consultant handling agreed-upon procedures engagement week after week keeps these rules current so you do not have to. To move quickly, have your ledger exports, bank statements and prior filings ready when we start.
As with everything we file: fixed fee agreed first, your review before submission, payment after service.
Providing transparent fixed pricing and high-quality compliance work for your agreed-upon procedures engagement requirements.
Coverage: Standard bookkeeping and agreed-upon procedures engagement preparation.
Ideal for early-stage startups and sole proprietors.
Book NowCoverage: Full-service bookkeeping, filings, and CRA compliance support.
Perfect for established small businesses.
Book NowCoverage: Strategic advisory and fractional CFO integration.
Ideal for companies seeking high-growth financial structuring.
Book NowWhy you should partner with Tax Filings Canada Experts for all your agreed-upon procedures engagement needs?
Providing tailored agreed-upon procedures engagement services to ensure compliance and maximize deductions.
Our tax accountants keep your business compliant with federal and provincial tax rules.
A dedicated team that handles your financials quickly, accurately, and without upfront fees.
Dedicated preparation processes customized for Canadian businesses.
Advanced accounting software integrations with QuickBooks, Xero, and wave accounting.
Customized packages designed to grow as your business operations expand.
Our clear four-step workflow ensuring absolute tax optimization and complete CRA compliance.
Start with a free, no-obligation consultation to review your business’s financial, tax filing and compliance needs and outline our affordable solutions.
Receive a comprehensive checklist and securely provide the required financial records and documents.
Our tax accountant and accounting experts carefully prepare your filings, identify all applicable deductions and credits, and conduct thorough reviews.
We file your documents electronically with the Canada Revenue Agency (CRA) on time and provide post-filing support.
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See how our expert Agreed-Upon Procedures Engagement tax and accounting services have helped Canadian businesses save money and stay compliant.
3 years of returns were outstanding at a not-for-profit with a bylaw audit requirement in Guelph, Ontario. That came on top of a buyer’s due-diligence list that the existing statement package could not answer. Filing on real numbers removed $107,000 of assessed tax.
A not-for-profit with a bylaw audit requirement in Guelph, Ontario had not filed for 3 years. The CRA had issued arbitrary assessments. The business was carrying a buyer’s due-diligence list that the existing statement package could not answer. That came on top of a growing interest balance. We started with the oldest year and worked forward so each year's closing balances fed the next. We read the shareholder agreement and the loan documents and established what level of assurance each user actually required. We scoped the engagement to the highest of them. We filed the years in sequence rather than all at once. Every year is now filed and assessed on actual figures. The notional assessments were vacated and $107,000 of the estimated balance came off, with a payment arrangement covering the rest.
A $38,000 reassessment landed at a corporation with an outside minority shareholder in Red Deer, Alberta. It rested on a shareholder agreement calling for audited statements that had been satisfied with a compilation for years. The objection was allowed in full.
A corporation with an outside minority shareholder in Red Deer, Alberta had been reassessed for $38,000. 22 days were left on the objection deadline. The reassessment rested on a shareholder agreement calling for audited statements that had been satisfied with a compilation for years. We filed the objection inside the deadline with a complete submission rather than a placeholder. Alongside it, we prepared the supporting schedule for every material balance in advance, which cut the queries the engagement had to raise. The appeals officer allowed the objection in full. $38,000 was reversed and the account returned to a nil balance.
Closing the books at a business applying for government funding in Saskatoon, Saskatchewan took 9 weeks. The cause was an unusual revenue recognition policy that appeared nowhere in the basis-of-accounting note. It now takes 5 days.
The accounting file at a business applying for government funding in Saskatoon, Saskatchewan had a weak foundation. It was built on an unusual revenue recognition policy that appeared nowhere in the basis-of-accounting note. The year-end had taken 9 weeks each of the last three years. We compressed the close to 45 days by moving reconciliations into the monthly cycle, so the covenant deadline stopped being a scramble. We also moved the reconciliations into the monthly cycle, so the year-end stopped being a rebuild. The file reconciles. Month-end closes in 5 days instead of 9 weeks, and the year-end is a review rather than a reconstruction.
A second opinion for a co-operative reporting to members in Edmonton, Alberta recovered $53,000 a year. It found an insurer asking for statements from an independent practitioner who had also been writing the bookkeeping entries in prior filings.
A co-operative reporting to members in Edmonton, Alberta asked for a second opinion on agreed-upon procedures engagement. That followed three years of rising tax. The review found an insurer asking for statements from an independent practitioner who had also been writing the bookkeeping entries. We built the comparison first: current structure against two alternatives. Then we described the revenue and inventory policies in the basis-of-accounting note in terms a lender could follow without asking a question. First-year saving of $53,000, with the same benefit recurring. Every position taken is documented and supported in the file.
A company whose lender asked for a review engagement in Lethbridge, Alberta faced a $104,000 proposed reassessment. It came after a bank asking for a review engagement while the file only supported a compilation. We rebuilt the documentation and the adjustment was withdrawn in full.
A company whose lender asked for a review engagement in Lethbridge, Alberta received a proposal letter opening a review of agreed-upon procedures engagement. The CRA had identified a bank asking for a review engagement while the file only supported a compilation. It proposed an adjustment of $104,000, with 30 days to respond. We treated the response as an evidence exercise rather than an argument. We upgraded the engagement to a CSRE 2400 review, completed the additional procedures, and delivered a package the lender accepted without conditions. We then indexed every supporting document against the specific line the auditor had questioned. The proposed adjustment was withdrawn in full — all $104,000 of it. The file closed in 8 weeks with no change to the assessed amounts and no penalty.
Due diligence at a business whose statements arrive late every year in Victoria, British Columbia surfaced a minute book with no resolutions behind a decade of dividends. Restructuring the sale saved $680,000 against the original terms.
A business whose statements arrive late every year in Victoria, British Columbia was preparing to sell. Due diligence surfaced a minute book with no resolutions behind a decade of dividends. That would have reduced the price or killed the deal outright. We cleaned up the historical file. We prepared a due-diligence-ready statement set with supporting schedules for each material balance. Then we prepared the due-diligence package the buyer's advisers actually asked for. The deal closed at the agreed price. $680,000 of tax was saved against the structure originally proposed, with no post-closing adjustment.
Meet the specialists behind your Agreed-Upon Procedures Engagement filings. Our Partners Are Alumni of the World's Top Accounting and Tax Institutions
CA (ICAI), CA (MIA), CPA Canada (In-Depth Tax Program)
Canada Tax, International Tax, Cross Border Tax, Transfer Pricing
International Tax, Transfer Pricing Specialist
CA (ICAI), Canada Tax Expert
CA. Fractional CFO and Senior Advisory Specialist
Same fixed fees in every province. Find your city or your sector.
Direct answers to what Canadian business owners actually ask before hiring an accountant.
Agreed-Upon Procedures Engagement starts at a fixed fee quoted before any work begins. The quote is locked at the outset and does not change mid-engagement, and you pay only after you have reviewed and approved the deliverable. Compare every plan on our transparent pricing page.
At minimum: prior-year returns and notices of assessment, your bank and credit-card statements for the fiscal period, payroll records if you have employees, and GST/HST filings. We send a checklist tailored to your situation after the free 15-minute call.
Most engagements are completed within 3 to 5 business days once your documents are complete. Catch-up work covering multiple years takes longer, and we tell you the realistic timeline before you commit rather than after.
We respond on your behalf at no extra charge for any return we prepared. Every figure we file is supported by documentation retained in your file, which is what turns a CRA review from a crisis into correspondence. See how our CRA audit representation works.
Yes. Late filing penalties compound at 5% of the balance owing plus 1% per month, so the cost of waiting is real. We prioritise catch-up work and, where eligible, file under the CRA's Voluntary Disclosures Program to reduce penalties.
Yes. We serve clients in every province and territory at the same fixed fees, so your location does not change the price or the service. Browse our coverage across Canada to find your city.
We work across construction, healthcare, e-commerce, professional services, restaurants, real estate, transportation, technology and non-profits, each with its own deduction profile and CRA scrutiny patterns. See all industries we serve.
Software applies the rules you already know about. An experienced tax accountant finds the ones you do not: capital cost allowance timing, the small business deduction threshold, shareholder loan repayment rules, and TOSI exposure on family dividends. The fee is usually smaller than the deductions it surfaces.
Our agreed-upon procedures engagement services include complete filing, compliance management, and strategic advice customized to Canadian tax laws.
You can start by booking a free 15-minute call. We will review your files, provide a fixed quote, and start working immediately.
Only an audit gives an opinion on whether the statements are free of material misstatement. A review provides limited assurance and a compilation provides none. The user of the statements, not whoever prepares them, sets which one is needed. That is the part most owners have not heard before they sit down with us, and it usually changes what they do next.
We get this one a lot, and the answer is more concrete than people expect. Bonding companies and lenders typically want statements within 90 to 120 days of year-end. Late statements cost capacity even when the numbers are good. Bring your documents and we will show you where it lands in your numbers.
The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.
HST combines the 5% federal GST with a provincial component in five participating provinces. For 2026 the combined rates are 13% in Ontario, 15% in New Brunswick, Newfoundland and Labrador, and Prince Edward Island, and 14% in Nova Scotia since 1 April 2025. Elsewhere you charge the 5% GST alone, or GST plus a separate provincial tax. The rate follows the province of supply, not where your business sits.
Canadian income tax is built up in layers. You total your income for the year, subtract the deductions you qualify for to arrive at taxable income, then apply the federal brackets and your province's brackets to that figure. Each bracket rate applies only to the income sitting inside it, so earning more never retaxes the dollars below. Non-refundable credits, starting with the basic personal amount, come off the tax afterwards. Look up the CRA bracket table for the tax year you are filing.
Most people pay through online or telephone banking, adding the CRA as a payee and choosing the exact account and year, such as a personal balance owing or an instalment. The alternatives are CRA My Payment with a debit card, pre-authorised debit scheduled in My Account, a credit card or e-transfer through a third-party provider that charges its own fee, or paying at your bank with a remittance voucher. For the 2025 tax year the balance was due 30 April 2026.
Online banking is the simplest route: add the CRA as a payee, select the account and tax year precisely, and pay from your chequing account. CRA My Payment takes debit card payments, and pre-authorised debit can be scheduled in My Account or My Business Account for a single amount or a run of instalments. Corporations and GST/HST registrants use the same channels under their business number. Keep the confirmation number and allow several days for the payment to post.
Multiply the pre-tax price by the combined sales tax rate for the province where the sale takes place, then add that amount to the price. In HST provinces it is one rate; elsewhere GST and the provincial tax are applied separately, and in Quebec the QST is calculated on the price before GST rather than on a GST-included amount. Zero-rated and exempt items get nothing added. The place of supply decides the rate, not where your business is based.
No - basic groceries are zero-rated, taxed at 0% in 2026, so bread, milk, vegetables and most unprepared food carry no GST/HST. Zero-rated is not the same as exempt: a grocer selling zero-rated food still claims input tax credits on rent, equipment and other costs, which a supplier of exempt goods cannot. Snack foods, restaurant meals and many prepared items fall outside basic groceries and are taxed at the full rate.
Rent is not deductible against employment income, so most tenants claim nothing for it directly. It can still matter. Ontario tenants may report rent paid toward the Ontario energy and property tax credit on the provincial benefits schedule, and Quebec and Manitoba have their own renter measures. If you are self-employed or required to work from home, a reasonable share of rent based on workspace area is deductible. Keep receipts, the amounts paid and your landlord's details.
The Canada child benefit follows whoever is primarily responsible for the child's daily care, so the change is made by updating that with the CRA, not by signing the benefit over. The parent who should receive it applies for child benefits and both parents confirm the date care changed; the CRA may ask for supporting letters. Where custody is shared roughly equally, the CRA splits the payments. Provincial and territorial amounts follow the same determination.
Six broad families. Income tax on individuals and corporations. Payroll contributions, meaning CPP and EI. Consumption taxes, meaning GST, HST and provincial sales taxes. Excise duties on fuel, alcohol, tobacco and vaping products. Property and land transfer taxes charged by municipalities and provinces. And tax on gains, including the gains treated as realised on death. Customs duties on imports sit alongside them. Most households only ever deal with the first three.
Most retirement income is taxable. CPP, Old Age Security, employer pension payments, RRSP and RRIF withdrawals and payments from registered annuities all go on your return and are taxed at graduated federal and provincial rates. TFSA withdrawals are neither taxable nor reported. On a non-registered annuity only the interest element is taxed. Tax withheld at source is an estimate rather than a settlement, so the return decides whether you owe more or receive a refund.
Empty homes taxes are municipal or provincial, not federal, so the rate depends on where the property is. Vancouver charges its own empty homes tax, Toronto a vacant home tax, and British Columbia adds a provincial speculation and vacancy tax in designated areas. Each is a percentage of assessed value, each has its own exemptions, and rates change. Check the specific city or provincial page for the current year's rate.
No. A private appraisal you order for a mortgage, a separation or an estate is a report to you and is not sent to the assessment authority, so it does not move your property tax bill. Municipal tax is billed on an assessed value set by the provincial assessment body on its own cycle. Renovation permits, a reassessment or a sale can change that value. For income tax, an appraisal only documents value; it creates no tax by itself.
Reviewed and fact-checked by Udit Gupta
Ex Big 4 — Ernst & Young, Deloitte · International & cross-border tax specialist · CPA Canada (In-Depth Tax Program) · Chartered accountant, ICAI & MIA
Udit Gupta has over 15 years of experience helping corporations and business owners with corporate structuring, corporate tax filing, bookkeeping, payroll, GST/HST, cross-border tax and CRA representation. He is Big 4 trained, at Ernst & Young and Deloitte, and qualified as a chartered accountant in India and again in Malaysia. In 2014 he founded his accounting practice to serve entrepreneurs, startups and non-resident business owners across Canada. View full member bio.
The Institute of Chartered Accountants of India — member 521458 · Malaysian Institute of Accountants — member CA 44667 · Ex Big 4: Ernst & Young, Deloitte · CPA Canada (In-Depth Tax Program), completed 19 Dec 2023 · In-Depth GST/HST Part I, 12 Jul 2022 · Part II, 5 Jul 2023
Editorial policy. Every page is researched against primary sources — the Income Tax Act, CRA publications and CPA Canada guidance — and every rate or threshold is stated with the tax year it applies to.
Sources. CRA — Businesses · Income Tax Act (Justice Laws Website)
