Not-for-Profit Accounting

Accounting Services for Charities, Associations and Not-for-Profits in Toronto

It’s great to meet you! If you are a charity, association or not-for-profit looking for accounting, audit or bookkeeping services in Toronto, you have come to the right place.

We are a team of trusted accountants and advisors who support more than 40 successful nonprofit organizations and charities in the Greater Toronto Area. In fact, the not-for-profit sector is a strategic focus of our firm.

Key Services We Provide for Nonprofits and Charities

  • Internal accounting services
  • Bookkeeping and payroll services
  • Virtual CFO services
  • Audit support
  • Audits, Reviews and financial statements
  • Proactive advice on new issues that may affect your NPO, including changes in accounting standards, tax legislation, regulations and policies
  • T3010 Registered Charity Information Return
  • T1044 Non-Profit Organization (NPO) Information Return
  • Tax advice & planning
  • Canada Revenue Agency (CRA) correspondence
  • Interpretation of financial information
  • Projections and forecasts for planning purposes
  • Internal process and control evaluations to help prevent errors, fraud & theft
  • Identification of potential issues for a “no surprise” audit
  • PSB (Public Service Rebate) forms (Yes! We help our clients get large refunds by successfully claiming the PSB Rebate.)
  • Answers to questions of the board and management
  • Reporting to stakeholders

Meet our Practice Leader – NPO Specialist and Partner: Laura Gay

Our nonprofit team is led by Laura Gay, CPA, CA, LPA. Laura is a trusted advisor who ensures no stone is unturned when working with her clients.

Laura works exclusively with not-for-profit organizations and is a recognized specialist in the industry who frequently presents at conferences on topics of importance to not-for-profit associations.

In addition to her work with Stern Cohen, in 2017 Laura was appointed to the Board of Directors of ALS Canada – a national healthcare charity. In 2018, she now serves as Chair, Finance and Audit Committee. This experience working on the inside of an NPO adds to her qualifications. You can read more about Laura on her bio here.

Our Guarantees

If your nonprofit, charity, or association chooses Stern Cohen, you can expect the following care and support:

  • You will have a direct line to our specialists! We will serve as a resource and be available for consultation on accounting issues throughout the year (not just at audit time).
  • We will proactively identify issues or opportunities that might impact your organization’s financial well-being.
  • You won’t be on the clock when you call Stern Cohen!
  • We will attend meetings to discuss our work and/or reports to improve your Management and Board of Directors’ understanding of financial matters.
  • We are very familiar with industry leading software technologies like QuickBooks Online and other leading third party apps. The goal is to help save our clients time, to improve their processes, and to minimize human error. We are happy to share our best practices with you!

PS: Check out Some Great NPO Resources on Our Website…

The Korean Canadian Scholarship Foundation

is thankful to have great partners in the team at Stern Cohen. We count on them for our annual audit, tax work and advisory. Stern Cohen also made us aware of a significant GST/HST Public Service Bodies Rebate that we qualified for. We highly recommend the Stern Cohen team to other charities.

Philip Cho Chair, Korean Canadian Scholarship Foundation
Not-for-profit specialist Laura Gay in front of boardroom

Let's talk about your Nonprofit

Laura Gay, Not-for-Profit Specialist

Did you know… our 2020 Best of Accounting Award was earned through a 3rd party independent survey of over 360 of our largest clients. Our 80% NPS score indicates world-class service. Let’s talk about your needs today!

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