Free tool
Business Financial Health Scorecard
See how your business stacks up across the 5 areas that matter most.
This free scorecard is for Ontario small business owners who want a quick, honest read on how their business is really doing — not just whether the last month was profitable. Rate yourself across five categories: cash flow, tax efficiency, business structure, bookkeeping and compliance, and growth readiness. The tool returns an overall score plus a breakdown of where you're strong, where you're exposed, and what to work on first.
Financial health is not a single number. A business can be highly profitable but structurally fragile — one late-paying customer away from a crisis. Another can be modestly profitable but incredibly well-run, with clean books, proactive tax planning, and a clear plan for growth or eventual sale. This scorecard is built around the same five areas a CPA advisor looks at when reviewing a small business, so the output points you at the highest-leverage improvements rather than surface symptoms.
Want a live review of your scorecard with a CPA? See all services or book a free 30-minute call.
Cash Flow
I know at any given time how much cash I'll have in 30, 60, and 90 days
My business collects payment from customers on time and rarely chases invoices
I understand why my bank balance and my profit don't always match
I have a cash reserve to cover at least 2 months of operating expenses
Tax Efficiency
I know roughly how much tax I'll owe before the end of each year
I make CRA tax instalments on time and in the right amounts
I'm confident I'm claiming every deduction I'm entitled to
My compensation strategy (salary, dividends, or mix) has been reviewed by a CPA
Business Structure
My current business structure (sole prop, corp, etc.) has been reviewed in the last 2 years
I understand the tax and liability differences between my options
If I have a corporation, I know whether a holding company would benefit me
My business structure is set up to support where I want to be in 5 years
Bookkeeping & Compliance
My books are up to date and reconciled at least monthly
I know whether I need to be registered for HST and I'm handling it correctly
I keep organized records and could survive a CRA audit without panic
All my corporate and personal tax returns are filed and up to date
Growth & Exit Readiness
I have a clear picture of what my business is worth today
I have a plan for what happens to the business if I want to retire or sell
I'm saving for retirement in a way that accounts for being self-employed
I know the tax implications of eventually selling or transferring my business
Your results
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Written and reviewed by Devin O'Brien, CPA, CMA
Founder, DVO Financial Consulting · Guelph, Ontario
15+ years in financial operations and small business advisory.
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