Virtual CFO Services in Canada
We help you see cash crunches 90 days out and make decisions with confidence. Delivered to ASPE / IFRS for Canadian businesses, priced in CAD.
Canadian financial planning has a structural trap in it. The corporate tax balance is due two months after year end — three for a CCPC claiming the small business deduction — while the T2 that calculates it is not due for six. Companies routinely have to pay a number they have not yet computed, and a virtual CFO's first job is to compute it early.
The CRA's staggered dates make forecasting the whole point. The balance at two or three months, the T2 at six, GST/HST one month after each reporting period, and payroll remittances on the 15th of every month. Planning through the small business deduction limit without modelling it is the other recurring and expensive surprise.
The deadlines we track against your ledger.
| Obligation | Frequency | Due | Authority |
|---|---|---|---|
| Corporate tax balance payment | Annual | 2 months after year end, or 3 months for a Canadian-controlled private corporation claiming the small business deduction | CRA |
| T2 corporation income tax return | Annual | 6 months after the end of the fiscal year | CRA |
| GST/HST return and paymentGST/HST registrants | Quarterly | 1 month after the end of the reporting period for monthly and quarterly filers | CRA |
Last reviewed against the source . These are the standard dates. Extensions through a registered agent, a non-calendar year end, and volume-based filing frequencies all shift them — confirm your own dates with CRA. This is general information, not tax advice.
Virtual CFO deliverables
- Custom KPI dashboard
- Rolling 13-week & 90-day cash forecasting
- Monthly strategy review call
- Unit-economics analysis (CAC / LTV)
- Board & investor reporting packs
QuickBooks Online
The forecast is built alongside QuickBooks Online and reconciled to it monthly, with reporting through Fathom where a board or a lender is reading it. Federal and provincial tax positions are modelled separately because they move independently.
A worked example, in your currency.
A Toronto professional services firm, 1,100 transactions a month, HST-registered, 14 staff.
- In-house bookkeeper (fully loaded, per month)
- $5,900
- Salt bookkeeping + HST compliance
- $1,700
- Monthly saving
- $4,200
Figures in CAD. Firms operating across provinces usually need separate tax codes per province rather than one blended rate.
The framework your Canada accounts are held to.
We prepare to ASPE or IFRS, as issued by the AcSB. These are the bodies that set that framework and the authorities you file with — linked so you can verify the standard rather than take our word for it.
- Professional bodyCPA CanadaChartered Professional Accountants CanadaNational body for Canadian professional accountants.
- Standards setterAcSBAccounting Standards BoardIssues ASPE and adopts IFRS for Canadian reporting.
- RegulatorCRACanada Revenue AgencyGST/HST, T2 corporate returns and payroll remittances.
Listed for reference. Salt Accounting Group is not stating membership, registration or affiliation with any of these organisations. Where a filing must be lodged by a registered local agent, it is — your agent keeps the lodgement and the professional sign-off.
Virtual CFO in Canada
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Virtual CFO Services for Canada, simply handled.
Tell us where you trade and what shape the books are in. You get scope, price and a start date in writing within one business day — no obligation.