Changing Fiscal Year-end Date
by Neeque
Fiscal Year-end Selection
Is it possible to change the accounting year from June to May instead of January to December?
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Hi Neeque,
As a general rule, sole proprietors in Canada must have a
calendar year-end (January to December).
Any changes to your year-end must be approved by CRA. Contact them to see if it is possible in your situation.