COMMITTED TO YOUR SUCCESS
How Does F Silveria Help You Get CWELCC Funding?
To be eligible for Canada-Wide Early Learning & Child Care Grant (CWELCC), you must provide Audited Financial Statements (AFS) for your organization. F Silveira, Chartered Professional Accountant is a Toronto, Mississauga, and GTA accounting firm providing audit services and CWELCC application support to childcare agencies. F Silveira is here to help!
SECURE YOUR FUNDING
Hiring a Licensed Public Accountant for CWELCC
When seeking CWELCC funding, agencies must ensure that they engage a Licensed Public Accountant (LPA) with a valid license to conduct audits and review engagements in Ontario. In Canada, LPAs exclusively hold the authority to issue Independent Audit or Review Engagement Reports.
The responsibility rests with the agency to submit the requisite financial statements to the funding body, accompanied by signed opinion reports certified by an LPA. This adherence to licensing standards guarantees the integrity and accuracy of the financial assessments crucial for securing CWELCC funding.
An audit is a vital financial examination process that provides an independent evaluation of an agency’s financial statements. This meticulous review ensures transparency and instills confidence in stakeholders by offering reasonable assurance regarding financial accuracy.
Auditors meticulously inspect financial records and activities, assess risks, design procedures to evaluate controls, and ascertain compliance with established policies and procedures. Auditors may recommend necessary changes in controls or procedures to achieve objectives. As impartial third parties, auditors are entrusted with expressing their professional opinion on the audited financial statements. For organizations seeking CWELCC funding, audits are essential to meet guidelines and funding agreement requirements.
At F Silveria, we can provide an independent opinion on an Agency’s financial statements, which enhances the confidence of stakeholders with reasonable assurance when applying for CWELCC funding.
The Canada-Wide Early Learning and Child Care (CWELCC) initiative is a transformative five-year plan aimed at enhancing the accessibility and affordability of childcare services. It seeks to reduce fees annually, ultimately reaching an average daily fee of $10 by 2025-2026.
CWELCC’s core objectives include expanding licensed childcare spaces, supporting early childhood educators with improved compensation and training, and removing barriers to inclusive and flexible childcare.
I was referred to Filomena by my bookkeeper when I was looking for an advice on how to structure my finances in a more strategic level than the ongoing bookkeeping. I found Filomena very knowledgeable. She quickly picked up what I’m looking for and came up with good ideas and strategies to address it. When I was about to acquire a company together with a partner, we engaged Filomena to do a due diligence of the company and consult on the financial side of the deal. Also here, both my partner and I were very impressed with her knowledge and very happy with how she helped in executing the transaction.
Filomena is extremely knowledgeable, shows a high level of honesty, and demonstrates a strong commitment to giving exceptional service. She has a deep dedication not just to the people in her community but also to the clients of her business. Filomena is an advocate for the need of maintaining a healthy work-life balance for her employees and upholds this belief inside her own business.
I have worked with Filomena since January 2018. Since that time, I have found Filomena to be a conscientious professional who takes her professional obligations and her client responsibilities very seriously. Filomena has a very positive attitude and it is always a pleasure to work with and be around her.
It is my distinct honor to recommend Ms. Filomena Silveira and her firm. I have personally known Filomena Silveira since 2012 and consider her a successful entrepreneur, a community leader and a role model for young women aspiring to a financial career. Ms. Silveira has been a key part of the success of the Luso Canadian Charitable Society, which serves individuals living with physical and/or developmental disabilities and their families.