Engagement Letter
Last updated: 2026. This is a summary placeholder — not legal advice.
1. Scope of services
Catch-Up Books Rescue ("we", "us") will reconstruct your bookkeeping records from the bank statements and documents you provide. Our work includes parsing statements, categorizing transactions, preparing a trial balance, and — depending on your plan — preparing T2125 schedules and GST/HST summaries. This is a bookkeeping engagement, not an audit, review, or compilation engagement under professional standards.
2. Your responsibilities
You agree to provide complete and accurate bank statements, receipts, and any other information we reasonably request. You are responsible for reviewing the categorized transactions and deliverables before they are finalized, and for keeping your records for six years as required by the CRA. You confirm that the accounts you provide are yours and that the statements are authentic.
3. Our responsibilities
We will reconstruct your books from the documents you provide, categorize transactions using rules and AI-assisted tools (always reviewed by a human bookkeeper on Reviewed and Filed plans), and deliver the agreed reports. We do not verify your statements against external sources or third parties.
4. Deliverables
Depending on your plan, deliverables may include a trial balance CSV, T2125 summary, GST/HST return summary, and accounting-software import files (QBO/Xero). Deliverables are prepared from client-provided information and are not a substitute for professional tax advice. Filing your tax return remains your responsibility.
5. Fees
Fees are shown in Canadian dollars plus applicable GST/HST and are due before work begins, except for Filed plans where a custom quote is agreed first. If your transaction volume exceeds your plan's allowance, we will contact you before any additional charge.
6. Data handling
Your statements and records are stored and processed in the United States. AI tools assist with categorization; a human reviews the results before anything is finalized. We treat your data as confidential and use it only to perform this engagement.
7. Term and termination
Either party may end this engagement in writing. Fees for work already completed are non-refundable. Upon termination we will deliver any work in progress and you may request a copy of your records.
8. Limitations
We do not provide legal or tax advice. We are not liable for tax positions taken or for errors in the information you provide. Our liability is limited to the fees paid for this engagement.
Questions? Email info@hyaccountingandtaxes.ca.