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How the audit works
Your audit year, in plain language
Ontario corporations must hold their AGM within six months of fiscal year-end, and the audited statements go out with the meeting notice. We plan backwards from that date.
The timeline
Six steps from planning to tax filing
Each step has a clear owner and date, agreed in your proposal.
months from year-end to AGM deadline
0
weeks of fieldwork once books close
1–
0
1
Before year-end
Planning
We confirm scope, timing and fee, and send your manager the document checklist. Year-end planning →
2
Year-end + 2 to 6 weeks
Books closed
Your manager finalizes the year’s records. We send bank and investment confirmations.
3
Fieldwork, 1 to 2 weeks
Audit work
We test the numbers, review the funds and contracts, and send questions in one consolidated list. Fund review →
4
Draft
Board review
The board receives draft statements and a plain-language summary. We walk the treasurer through it. Board communication →
5
Approval
Final report
The board approves the statements and we sign the auditor’s report, ready for the AGM package. Annual audit →
6
After the audit
Tax filings
We file the T2, and the T1044 if it applies. We can attend the AGM to answer owners’ questions. T2 tax return →
Example key dates
A December 31 year-end means an AGM by June 30
Your proposal sets these dates for your corporation’s own year-end. Planning estimates based on the Condominium Act, 1998.
- Nov 1, 2026 Confirm your auditor and fee
- Dec 17, 2026 Document checklist to your manager
- Dec 31, 2026 Fiscal year-end
- May 16, 2027 Audited statements signed (target)
- May 26, 2027 Preliminary notice to owners (latest)
- Jun 15, 2027 AGM notice with statements (latest)
Next step
Plan your audit dates with us.
Send your fiscal year-end and target AGM month. We will build the timeline into your proposal.