Financial reporting requirements
Current annual revenue threshold
Proposed annual revenue threshold
Annual Information Statement (AIS), basic financial information and option to provide simplified balance sheet or a statement of resourcesLess than $250,000Less than $1 million
AIS, and reviewed or audited financial statements $250,000 to $1 million$1 million to $5 million
AIS and audited financial statements$1 million or more$5 million or more