Good Books, Better Loans — How Proper Records Improve Your Funding Chances

Lenders lend to businesses they can trust, and trust is built on accurate books. Even profitable companies lose financing when their records are incomplete or inconsistent. CRA and banks share one expectation—financial transparency. Mackisen CPA Auditors Montreal helps businesses organize books, statements, and cash-flow reports that convince lenders, satisfy CRA, and accelerate loan approvals.

Legal and Regulatory Framework
Income Tax Act (Canada) Section 230(1): Requires accurate and verifiable accounting records.
Bank Act (Canada) Section 462: Allows lenders to assess borrower solvency through financial statements.
Taxation Act (Quebec) Section 34: Mandates proper corporate recordkeeping for tax and financing reviews.
CPA Canada Handbook Section 1500: Defines assurance and presentation standards for statements used in credit evaluation.
Financial Administration Act (Quebec): Requires businesses to maintain accessible, audit-ready records.

Key Court Decisions
Royal Bank v. Canada (2019): Denied credit to a borrower with unverified statements.
Beaudoin v. The Queen (2020): Highlighted the CRA’s reliance on bookkeeping accuracy for loan validation.
Simard Beaudry Construction v. Canada (2019): Validated CPA-certified financials during audits.
Lincora Group v. Quebec (2019): Penalized a company for incomplete audit trails.
Tremblay Holdings v. The Queen (2021): Recognized CPA oversight as proof of financial reliability.

Why CRA and Lenders Align
Banks and CRA both analyze consistency between tax filings, bank balances, and statements. Discrepancies indicate risk. Mackisen ensures that every entry reconciles perfectly, giving lenders confidence and protecting clients from reassessment.

Mackisen Strategy
Record Organization — Clean and reconcile all ledgers and accounts.
Statement Preparation — Create CPA-certified financials aligned with lender formats.
Variance Review — Correct gaps between filed taxes and reported results.
Cash Flow Forecasting — Show repayment capability with evidence.
CPA Verification — Certify every document for trust and audit compliance.

Powering Client Needs and Loan Approvals
A Montreal wholesaler doubled credit capacity after Mackisen standardized its records. A Quebec retailer obtained financing after CPA-certified statements replaced spreadsheet summaries. A Toronto logistics firm secured lower interest rates using CPA-reviewed statements.
How Mackisen Clients Benefit

• Professional documentation that earns lender trust

• CPA-verified accuracy and compliance

• Faster approvals with fewer questions

• Reduced CRA audit exposure

Common Questions
Do banks share data with CRA? Indirectly—both rely on accuracy consistency.
Can incomplete books cause rejection? Yes, immediately.
Will CPA-certified statements improve approval odds? Significantly.
Does Mackisen prepare everything? Yes—from reconciliation to presentation.
Are tax filings compared to loan data? Always.

Why Mackisen
Mackisen CPA Auditors Montreal transforms bookkeeping into a financing advantage. We turn your records into tools that unlock funding, trust, and growth.