Pro Business Tax
Compilation Engagements / NTR
Compilation Engagement Services (CSRS 4200) for Ontario Businesses
Overview
A compilation engagement provides professionally prepared financial statements in accordance with the Canadian Standard on Related Services (CSRS 4200). These statements are commonly required by lenders, shareholders, and business owners who need reliable financial information without the cost of an audit or review engagement.
Compliance & CSRS 4200
All compilation engagements are prepared in accordance with CSRS 4200, the professional standard governing compilation engagements in Canada. This ensures transparency, consistency, and appropriate disclosures regarding management responsibility and the basis of accounting used.
Who This Service Is For
Compilation engagements are ideal for incorporated businesses, owner-managed companies, and professional corporations that require formal financial statements for tax filings, lenders, or internal use. Generally banks will require CPA signed Notice To Reader (NTR) financial statements for lending and mortgage qualification purposes – our team can assist with getting these in order.
Our Approach
Our process is built around efficiency, accuracy, and clarity. We leverage modern cloud tools, standardized workflows, and experienced staff to deliver high-quality financial statements without unnecessary delays.
What’s Included
- Preparation of year-end financial statements under CSRS 4200
- Compilation engagement report
- Balance sheet, income statement, and notes
- Review of general ledger and trial balance
- Coordination with corporate tax filings
- Communication with stakeholders as needed
Pricing
| Compilation (NTR) | From $2,500+ — Most ontario business owners will hover between $2500 and $4500 depending on business structure, complexity and quality of underlying bookkeeping records. We will provide a clear and precise engagement letter prior to commencing work to avoid any surprises. |
| Review Engagement | From $8,000+ — for businesses that need CPA reviewed financial statements, generally where loans exceed $1M. |
Why Clients Choose Us
Clients choose us for our practical mindset and efficiency. Our technology-forward approach and streamlined processes allow us to complete compilations quickly without sacrificing quality. We understand that business owners want clarity and compliance — not delays or unnecessary complexity.
Our Philosophy
We believe compilation work should be handled professionally, efficiently, and without friction. Our goal is to help clients meet their reporting obligations while freeing them to focus on running and growing their business.
Get a Free Consult
FAQ
A compilation engagement involves preparing financial statements based on information provided by management, in accordance with CSRS 4200.
No. They do not provide assurance. They present financial information in a structured, professional format.
Owner-managed businesses, corporations, and professionals who need financial statements for tax filings or lenders. Banks can require them for business lending purposes, annual review and for other credit and compliance functions. We are also seeing banks now request them for personal residential mortgage applications where business owners have retained earnings and would like to use business income to qualify for mortgage on their home. Regardless of your specific need, our team stands ready to assist.
Timelines vary based on complexity, but our streamlined process allows for efficient turnaround. In 'non-complex' cases, our team can generally turn these around in 2 weeks (or 4 weeks in peak-season). Please speak to our team if you have a time sensitive matter, and we will try to accomodate your timeline.
Fees typically range from $2500 to $4500, with most clients closer to $2500; but the range exists as the needs and structure of each business is different. This also presumes the underlying bookkeping is done professionally, accurately and allows for an efficient year-end close and corporate tax filing. We offer transparent, flat-fee based pricing at the start of our engagement to avoid surprises.