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JANUARY

  • Assemble payroll information for T4/T4-A preparation

FEBRUARY

  • Final date for T4/T4A submission is month end
  • Review monthly cash flow assumptions and adjust monthly cash flow forecast if necessary (*)

MARCH

  • Annual financial statement should be finalized and approved by the board (*)
  • If eligible, prepare application for GST rebate (*)
  • Complete and submit EHT annual return by March 15

APRIL

  • Prepare cash flow forecast for summer period

MAY

  • Prepare Worker’s Compensation return if applicable

JUNE

  • Final date for filing of Revenue Canada returns (T2/T3010/T1044) is June 30 (*)
  • Annual General Meeting held before month end (*)
  • Update/finalize summer period cash flow forecast
  • MCSS grant utilization forms due (DOG/WEG) (*)(**)
  • Provincial Annual Return and Special Notice filings due (*)

JULY

  • Review summer cash flow forecast assumptions and adjust budget if necessary

AUGUST

  • Enjoy well deserved rest!

SEPTEMBER

  • Assemble information for Metro Children’s Services budget (Metro Toronto only)(**)
  • Update monthly cash flow forecast for changes in enrolment/service levels (*)

OCTOBER

  • Complete Metro Children’s Services budget by month end (**)

NOVEMBER

  • Assemble information for next year=s monthly cash flow forecast

DECEMBER

  • Finalize and obtain board approval for next year’s monthly cash flow forecast (*)
  • Review staff salaries and fees charged (*)

NOTES:
* This schedule assumes a budgeting process based on a calendar year. If your budget is for a different period, for example from April to March, then you should adjust the items marked with an asterisk accordingly.
** Applies to childcare centres only.

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