Financial Services
When operations are stewarded and managed well, Christian schools can be strong, stable, and poised for growth.
Financial wealth is a gift from God and we’re called to be stewards of this gift. But there’s no need to go it alone. The Edvance team will work with your financial administrator and Board Treasurer to help you build a well-managed, financially viable Christian school.
Services Offered to Affiliate Schools
- Financial Services Package (additional fee - see below)
- Financial advice, consultations, and professional development opportunities
- Banking Program with CIBC which reduces service fees on business accounts and pays interest on account balances
- Legislative updates and compliance related to school finances and Canada Revenue Agency
- Communication on CRA rulings and updates relevant to charities
- Preferential rate on a customized insurance program (property and liability)
The Edvance Financial Services Package provides a uniform accounting and reporting framework, including:
- Allocation of religious time
- Cost-per-pupil calculation to be used for donation receipts
- Review of financial information
- T3010 Charity Information Return
- Recommendations on accounting best practices
- Advocacy in case of a Canada Revenue Agency (CRA) audit
- Support for financial personnel
(Additional fees apply for this package)
Contact
For more information on Financial Services, contact info@edvance.ca.