Maroof HS CPA Professional Corporation, Toronto

Financial Projections and Forecasts

For Business Loans, Investors, Business Plans and Established Businesses

Financial Projections and Forecasts

Financial projections and forecasts are one of the key areas of finance. Projected financial statements show an anticipated financial position, financial performance, and cash flow movements over some time in the future.

Financial projections are critical for the success of any business. If you are looking to raise finance through debt or equity, your lender or investor will require these projections.

We have identified the four most common scenarios where you need financial projections in Canada.

Financial Projections for Business Plan

The financial section is an integral part of any business plan. Financial projections contain underlying information needed to complete the financial section of a business plan. A poorly constructed financial section can result in an ineffective business plan!

Financial Projections for Bank Loans

Financial projections are essential for business loans in Canada. It is not uncommon for your banker to ask you to submit financial projections and a business plan. The objective is to see the business’s ability to pay back the loan and financing cost.

Even if your bank doesn’t want financial projections, don’t you want to see if you will be able to pay back?

Financial Projections for Startups and Investors

Startups often need to seek capital in different ways that do not involve debt. For example, investors to whom the equity stock will be issued.

These investors want to see if your business idea is worth risking their capital. They want to know when they are going to see the profits from their investment and how long they need to wait before the profits reach them in the forms of dividends.

These financial projections also play a key role in determining the pre-money or post-money valuation of your startup.

Financial Projections for Established Businesses

Financial projections are not only required for raising capital or for submitting them to external users. They play a key role in important management decision-making, including the aforementioned financing decisions. Pricing, downsizing, upsizing, mergers and acquisitions, and every other similar decision require financial projections.

That’s why financial projections are one of the main responsibilities of a CFO or a virtual CFO today.

Hastily done financial projections can make or break the chances of raising money.

How can we help?

Did your bank ask you to submit financial projections for a loan application? Are you starting a new business and want a realistic and accurate financial picture of the future? Or, did you do an excellent job of projecting your revenues and expenses but your balance sheet does not match?

Don’t worry! We are here to help you.

We prepare fully functional and detailed financial projections, whether they are needed for bank loans, investors, business plans, or management purposes.

While preparing financial projections, we build all the financial models from scratch! We don’t use any pre-made templates or computer software with preloaded information. We guarantee a client-specific financial model built in close coordination with the client.

We also take into account the sophistication of users of financial projections, specific nature of the industry and ultimate purpose.

We know what your bank or investor wants to see in your financial projections.

Being a CPA firm, we have the expertise to analyze the financial performance of a series of clients spread across multiple industries and locations in Canada. It gives us a strong edge when it comes to conducting thorough research to help ensure that the financial projections are as realistic as possible.

Our services are scalable! You can get you what you need.

We can offer you assistance with:

  • Making financial projections
  • Crafting a full business plan
  • Preparing investor presentations

Our outcome is highly accurate. You will get amazing results with our realistic financial projections.

Our Services

We offer a range of services when it comes to income tax services for both individuals and corporations in Canada and the United States. 

Learn more about our income tax, accounting and business consultancy. 

Get In Touch!

Ready to find out why are we the favourite accountants in Canada? Get in touch with us to experience the best services in the city. 

We respond to all quote requests within one business day!


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If you have a tax question, you can submit to us and we may publish the answer if its an area of general interest for a wider audience.

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What Our Client's Say

Always perfect! Anything less than that is not acceptable..

XNM Creations - Toronto
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"Absolutely the best CPA out there. I made over 100 calls before I met them! Maroof is extremely knowledgeable and genuinely wants to help other businesses. He takes time to explain complex things. He is also future-proof, so young entrepreneurs like to easily approach him."
Ned Dimitrov
Cross border tax client
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Maroof and his staff are extremely professional, responsive, and thoughtful in preparing our taxes and providing advice throughout the year. I always feel like Maroof pays close attention to our concerns and carefully thinks through the details of our multi-country yearly taxes. I plan on staying with Maroof for a long time.
Molly Leonard
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I considered several firms in USA and Canada to assist me with my entry to Canada. I needed integrity and accuracy. That’s when I found Maroof HS. The Maroof HS team delivers professionalism and credibility on USA/Canada personal and corporate tax. Maroof is a thorough, ethical, and competent advisor in complex scenarios. His approach is attentive and patient; ensuring tax and international reporting obligations are filed accurately and timely. I look forward to working with them for years to come!
AJ & Raheel
Car Squad - Toronto
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"Very professional and easy to deal with, Maroof was flawless in dealing with and helping us secure our financing for a multi-million dollar automotive operations in GTA. We tried several places, and Maroof was by far the best and easiest to deal with, thanks for all the help, my friend! Looking forward to more future business!"
Daniel Passmore
Passmore Law - California
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“Maroof has prepared several financial statements for my clients. He is thorough, accurate, detailed, and attentive. I continue to utilize his services and have never been disappointed.”
Gary Rotman
Hew Technologies & SIMPL
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“I had been looking for a reliable Chartered accountant, found Maroof. He has proved to be an excellent decision for our both companies. His team handles all our accounting requirements, for both our US and Canadian corporations. His pricing/value has been one of the best I have seen in over 30 years in business working with many people in the accounting and income tax disciplines. Highly recommended!”
Eric Ing
Nozo Inc.
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Maroof was super helpful and professional. Helped me through a tonne of my business and personal taxes. Answered quickly, answered all my questions, was patient with the process, made the entire thing understandable. I'll be sticking with this guy for all my future tax needs and have already referred him to a few of my friends. Super legit dude, friendly personality.
Kamyar Hossieny
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I spoke to numerous accountants before coming across Maroof. Immediately Maroof was able to identify and provide a solution to a big issue. The issue was my misunderstanding of a complexity. He took his time to explain me it in such a simple way. We were on a huge time crunch and on the verge of being hit with a huge penalty, Maroof provided us with all the reassurance we needed as him and his team did their magic. Not only did we save thousands in penalties but now our taxes situation is fully compliant and good to go for years to come! This firm has changed my mind about the accounting industry forever.

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