Not for Profits - Charities

Proper bookkeeping and accounting systems ensure that a non-profit/charities uses its financial resources according to its mission. They support an organization's goals, maintain its financial health, and ensure compliance with essential statutory requirements.


Blue Ocean Professional Corporation is providing service excellence to Not-For-Profit Organizations, Foundations, and Charities (NPOs). Our CPA professionals are regarded as accounting and advisory experts serving this sector. We have the resources to ensure that we can fulfill all of our commitments to your NPO, foundation, or charity.


We provide services;


Accounting services:

  •          Bookkeeping/Write-up (Monthly/Quarterly/Annual)
  •          Accounting system/software setup
  •          Financial statement analysis
  •          Cash flow projections, financial forecasts and banking proposals
  •          Develop a budget and reporting system
  •          Payroll services
  •          Training for QuickBooks and Simply Accounting


Tax preparation and assistance

  •          Corporate tax return preparation and E-filing
  •          Not-for-profit Information Return (T1044) preparation
  •          Charity Information Return (T3010) preparation
  •          Assistance with government taxes (Harmonized Sales Tax (HST); Source deductions; WSIB,   EHT)


Advisory services

  •         Offsite controller/CFO services
  •          Assistance in obtaining financing
  •          Representation and negotiations with tax authorities
  •          Business structuring, strategic planning, and assistance with the development of not-for-profit business plans and financial forecasts
  •          Development and implementation of operational and reporting systems to improve the efficiency of not-for-profit business operations and increase financial performance
  •          Assistance with the development of financing proposals


Let Blue Ocean Professional Corporation work with you by calling us today for a free consultation.