A toilet flange is provided with a planar perimeter portion to assist the installer in accurately determining the distance to an adjacent wall as well as insuring the toilet fastening bolts are aligned parallel thereto. The toilet flange assembly includes a cover to store needed fastening elements while simultaneously preventing debris from entering the plumbing riser pipe. Additionally, a sleeve is provided that protects the threads of the toilet fastening bolts during construction and acts as an extendable flexible guide sleeve. The guide sleeve functionally extends the height of the toilet fastening bolt thereby assisting the toilet installer as a visual aid during installation.