Building Your Business Credit Score

Your business credit score is your company’s financial reputation. A strong score opens doors to financing, supplier terms, and lower interest rates, while a poor score limits opportunity. Mackisen CPA Auditors Montreal helps new entrepreneurs establish, build, and protect their business credit through disciplined bookkeeping, verified financial statements, and CRA-compliant reporting systems.

Legal and Regulatory Framework
Bank Act (Canada) Section 462: Permits lenders to evaluate creditworthiness based on verified financial data.
Income Tax Act (Canada) Section 230(1): Requires accurate financial records to support borrowing activity.
Taxation Act (Quebec) Section 34: Mandates truthful and complete business filings.
CPA Canada Handbook Section 1500: Establishes standards for financial reporting integrity.
Financial Administration Act (Quebec): Encourages proper disclosure for public and private lenders.

Key Court Decisions
Royal Bank v. Canada (2019): Denied credit due to unverified accounting records.
Beaudoin v. The Queen (2020): Found financial misstatements that reduced credit credibility.
Simard Beaudry Construction v. Canada (2019): Validated that CPA-reviewed reports improve lending trust.
Lincora Group v. Quebec (2019): Penalized inaccurate reporting of debt and income.
Tremblay Holdings v. The Queen (2021): Confirmed that consistency between filings and financials builds institutional trust.

Why CRA and Lenders Overlap in Evaluation
CRA data indirectly affects business credit, as lenders cross-reference filings for accuracy and stability. Late tax filings or inconsistent reports signal risk. Mackisen CPA Auditors Montreal ensures consistency across tax, accounting, and credit systems to build institutional credibility.

Mackisen Strategy
Credit Foundation — Register your business properly and separate personal and business finances.
Bookkeeping Accuracy — Maintain organized, verifiable accounting records.
Debt Management — Keep utilization low and payments timely.
CPA-Certified Financials — Strengthen lender confidence with professional reporting.
Tax Compliance — Align filings and financial data for consistency.
Growth Advisory — Plan long-term financing strategies for expansion.

Powering Client Needs and Financial Strength
A Montreal startup improved its credit score by 200 points after Mackisen standardized its reporting and cleared outstanding filings. A Quebec manufacturer secured better supplier credit through consistent CPA-certified statements. A Toronto e-commerce firm qualified for bank loans after implementing Mackisen’s credit readiness plan.
How Mackisen Clients Benefit

• Improved access to financing and supplier terms

• Lower borrowing costs through verified reporting

• CRA and lender-aligned compliance

• Enhanced investor trust through CPA oversight

• Full business credit growth roadmap

Common Questions
How is business credit calculated? Based on payment history, debt usage, and reporting accuracy.
Does CRA affect my business credit? Indirectly—filing consistency and compliance build trust.
Can Mackisen fix poor credit? Yes—by rebuilding financial integrity and reporting systems.
Do I need a CPA for credit improvement? Strongly recommended for verified records.
How long does it take to build credit? Six to twelve months of consistent reporting and payments.

Why Mackisen
Mackisen CPA Auditors Montreal helps new entrepreneurs establish credibility through structure, accuracy, and compliance. We build the foundation of trust that lenders, investors, and CRA respect.