![]() ![]() Providing financial statements to Corporations Canada (Soliciting corporations only)Ī soliciting corporation must provide its annual financial statements to Corporations Canada not less than 21 days before the annual general meeting of members or without delay in the event that the corporation's members have signed a resolution approving the statements, instead of holding a meeting (see Requirements for soliciting corporations under the Canada Not-for-profit Corporations Act). The only exception to this rule is if the by-laws of the corporation allow the corporation to give notice to the members that the annual financial statements are available for viewing at the registered office and that members may request a copy free of charge (see The members you can also refer to section 175 of the NFP Act). Providing financial statements to the members (all corporations)Ī corporation must send a summary of its annual financial statements or a copy of a document reproducing the required financial information (such as an annual report) to the members not less than 21 days but not more than 60 days before the day on which the annual meeting of members is held, or the day on which a resolution in writing is signed by the members. The financial statements must be prepared in accordance with the Canadian generally accepted accounting principles (GAAP) as set out in the CPA Canada Handbook – Accounting. Financial statements and review On this pageĪ corporation must prepare financial statements each year (refer to subsection 172(1) the Canada Not-for-profit Corporations Act (NFP Act)) which comply with the requirements of the NFP Act. ![]()
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