FinancialStatements.ca explains how to read Canadian financial statements, with every legal and professional-standards point traced to its source. It is published by Real Estate Partners at Real Broker in Calgary, because condo buyers are the people who most often have to read statements under a deadline.
What we publish
Plain-language guides to Alberta condominium corporation statements and reserve funds, year-end statements for Canadian businesses, and how to read the four statements. Plus free tools that run in your browser.
How we check it
- Statutory and regulatory points are read from the current office consolidations published by the Alberta King’s Printer and the Justice Laws Website. The consolidation date is recorded in each page’s sources.
- Professional-standards points cite CPA Canada, provincial CPA bodies or the Handbook summaries that reproduce them.
- Worked examples use invented organisations and invented figures, and the statements tie: assets equal liabilities plus equity, and cash flows end at the balance-sheet cash.
- We do not publish rules of thumb dressed up as rules, such as “a reserve should be X per unit”. A building’s own study is the standard it should meet.
How the site is funded
Alberta condo buyers can ask Real Estate Partners at Real Broker to go through a building’s documents with them as part of their real estate service. That is the only service offered here. There is no paid placement, no advertising and no sponsored content.
What we are not
Not a CPA firm, a law firm or an engineering firm. Nothing here is accounting, audit, legal, tax, engineering or investment advice. We are not affiliated with CPA Canada, any provincial CPA body, the Canada Revenue Agency or the Government of Alberta.
Corrections
Rules change, and we will sometimes be wrong. Tell us and we will check the source and correct the page.