--- title: "Year-End Financial Statements Vancouver | CPA Compilation" url: https://www.everstonecpa.com/financial-statements-vancouver description: "Year-end financial statements for Vancouver corporations by a CPA: compilation engagements for banks, shareholders and the CRA at a fixed fee. Get a quote." type: service-in-a-city updated: 2026-10-08 summary: "Year-end statements for a Vancouver corporation with outside shareholders are commonly a CSRS 4200 compilation, but the presentation matters more than usual. Share capital by class, shareholder loans, related-party transactions and deferred revenue are the disclosures an investor reads first." faq_count: 8 publisher: EverStone CPA Inc., a Chartered Professional Accountant firm registered with CPA British Columbia and CPA Alberta service_area: British Columbia, Alberta, Ontario and Manitoba language: en-CA contact: info@everstonecpa.com · https://www.everstonecpa.com/book-online --- [Home](https://www.everstonecpa.com/) [Year-end statements](https://www.everstonecpa.com/financial-statement-preparation-canada) Vancouver Year-end statements · Vancouver # Financial statements for *Vancouver* companies with outside shareholders The moment a company has a shareholder who is not also running it, its year-end statements stop being a compliance artifact and become a report to somebody. Vancouver’s technology, film and professional services companies hit that point earlier than most. It is part of [EverStone’s work for Vancouver businesses](https://www.everstonecpa.com/accountant-vancouver). EverStone prepares [year-end statements](https://www.everstonecpa.com/financial-statement-preparation-canada) for incorporated companies remotely. [Get My Fixed Quote](https://www.everstonecpa.com/book-online)[Ask a Free Question](https://www.everstonecpa.com/quick-question) **Quick answer:** Year-end statements for a Vancouver corporation with outside shareholders are commonly a CSRS 4200 compilation, but the presentation matters more than usual. Share capital by class, shareholder loans, related-party transactions and deferred revenue are the disclosures an investor reads first. For a one-owner Vancouver corporation, bookkeeping, payroll and the year-end T2 with financial statements together usually run from $500 to $700 a month. Filings include T4 slips, Schedule 1 and Schedule 50. The statements are prepared by a CPA, which is the first thing a lender or an outside shareholder in Vancouver asks. The sections below set out what the year-end financial statements Vancouver CPA clients with outside shareholders receive should contain. The notes stop being boilerplate the moment someone outside reads them. ## Statements as a report to people who are not in the building An owner-managed company reads its statements to confirm what it knows. Passive shareholders, angel investors or silent partners rely on them to form a view they cannot form otherwise, so the statements need more explanation, not more numbers. So the notes stop being boilerplate: which accounting policies were chosen and why, what related-party transactions occurred, what commitments exist off the balance sheet. An outside shareholder needs exactly these, and they are most often thin. ## Share capital, classes and the cap table Many Vancouver corporations issue more than one share class: common to founders, another class to a spouse or family trust, sometimes preferred shares from a financing or estate freeze. Statements must show issued and outstanding share capital by class, not one total. A change in share structure during the year belongs in the statement of shareholders’ equity, not only the minute book, so a shareholder can see from the statements whether they were diluted. See the [minute book](https://www.everstonecpa.com/blog/keeping-a-minute-book-canada-corporation) guide for the supporting records. ## Shareholder loans and related-party transactions Amounts owing to and from shareholders are among the most scrutinized small-company balance sheet lines, because they are transactions with people who set their own terms. Interest, repayment terms and any subordination belong in the notes, not left to inference. The same applies to management fees paid to a related company, rent paid to a shareholder-owned property holding entity, and services exchanged between commonly controlled corporations. Disclosing them and their basis of measurement is required, and it is the first thing an investor or buyer tests. The [shareholder loan](https://www.everstonecpa.com/blog/shareholder-loans-canada-taking-money-out-of-corporation) guide covers the tax dimension. ## Deferred revenue and contracts that span the year end Subscription software, annual licences, prepaid retainers and multi-year support all bring cash before the service is delivered. Until then it is deferred revenue, a liability. Recognizing it on receipt reports a growth curve that is really a collections curve. Anyone assessing the business will separate the two, so the statements should already have done it. Where revenue is recognized over time, the policy note should state the basis (straight-line, milestone, usage), because that is what makes years comparable. ## Tax credit and grant receivables Companies claiming scientific research credits, provincial media or animation credits, or interactive digital media incentives frequently carry a material receivable for amounts filed but not yet assessed. How that receivable is measured and where the corresponding credit lands — reducing the related expense, or as other income — changes reported margin considerably. It also brings real estimation risk: a claim reduced on assessment means a later adjustment, so a note that the receivable is under review is more honest than presenting it as certain. Consistent treatment keeps the trend meaningful. ## When a compilation stops being sufficient A **compilation engagement** under CSRS 4200 presents management’s information without verification or opinion; it is neither an audit nor a review. Owner-manager shareholders usually accept that limitation. Any financial statements compilation Vancouver CPA clients receive carries that same limitation, whoever prepares it. Outside shareholders change that. A shareholders’ agreement may set the assurance level for annual reporting or a valuation event, investors may require it for funding, and buyers in diligence usually want more than a compilation. Assurance cannot be added later, so settle it before year end, not in the data room. ## How a Vancouver year end is handled remotely EverStone is a sole-practitioner CPA firm with no Vancouver location, working by secure document exchange, video and e-signature. This suits incorporated software and technology companies, production and post-production companies, design and creative studios, and incorporated professionals and consultancies. Related pages: the [Vancouver small-business CPA](https://www.everstonecpa.com/accountant-vancouver) page and [accounting for incorporated professionals](https://www.everstonecpa.com/accountant-for-incorporated-professionals). Where the need is ongoing rather than annual — runway, a board pack, a dilution model before a raise. See [fractional CFO support for Vancouver companies with investors](https://www.everstonecpa.com/cfo-services-vancouver). About this article **EverStone CPA** Prepared and reviewed by a CPA at EverStone CPA, serving businesses in BC, Alberta, Ontario and Manitoba. Updated September 2026 . [About the firm](https://www.everstonecpa.com/about) · [Send an enquiry](https://www.everstonecpa.com/book-online) ## What a year-end file contains What a year-end file contains Statements and the tax return come from one set of numbers — for a business operating in Vancouver, British Columbia | Component | What it shows | | Balance sheet | What the corporation owns and owes at the year-end date | | Income statement | Revenue and expenses over the fiscal year | | Compilation engagement report | The CPA communication that accompanies compiled statements | | T2 schedules | Schedules 100, 125 and 141, built from the same figures as the statements | | Sales tax where you operate | 5% GST plus 7% BC PST: two registrations, two returns | Source: [What a compilation engagement is](https://www.everstonecpa.com/compilation-engagement-canada). General information, not advice. In Vancouver, EverStone also works with [e-commerce sellers](https://www.everstonecpa.com/ecommerce-accountant-vancouver), [restaurants](https://www.everstonecpa.com/restaurant-accountant-vancouver) and [tech startups](https://www.everstonecpa.com/tech-startup-accountant-vancouver). ## Who this is for, and who it is not This suits a Vancouver company whose shareholders or lender will accept compiled statements. If a term sheet or shareholders’ agreement calls for a review or an audit, that is a separate engagement, and the first call confirms which applies. The fee is then [quoted in writing](https://www.everstonecpa.com/pricing). ## Remote financial statement work The firm works online. **There is no Vancouver office and no staff based there.** Records reviewed through the year keep the year end itself short. An owner’s corporate and personal returns are decided together, and [personal tax in Vancouver](https://www.everstonecpa.com/personal-tax-accountant-vancouver) is the other half. The year end this all feeds into is [corporate tax in Vancouver](https://www.everstonecpa.com/corporate-tax-accountant-vancouver). None of this works on records that are behind, which is what [our Vancouver bookkeeping page](https://www.everstonecpa.com/bookkeeping-vancouver) keeps current. Where a lender or an agreement calls for assurance rather than a compilation, the next question is [audit and review readiness](https://www.everstonecpa.com/audit-review-readiness). Common questions ## Vancouver shareholder and statement questions **Do my statements have to show each class of shares separately?** Yes. Issued and outstanding share capital is presented by class, not as one figure, and changes during the year belong in the statement of shareholders’ equity, so a shareholder can see their position from the statements, not the minute book. [Ask about your case →](https://www.everstonecpa.com/quick-question) **What counts as a related-party transaction?** Any transaction with a person or entity that can influence the company or is influenced by it — shareholder loans, management fees to a related corporation, rent paid to a shareholder-owned property company, services exchanged between commonly controlled entities. The transaction and the basis on which it was measured both require disclosure in the notes. **Is subscription revenue recognized when the customer pays?** No. Cash received before delivery is a liability, released as the service is performed. Recognizing it on receipt overstates growth-year revenue. The basis belongs in the accounting policy note. **How should an unassessed tax credit claim be shown?** As a receivable at the amount expected to be recovered, noted as subject to review. A credit tied to specific costs commonly reduces them rather than counting as other income. Apply the presentation consistently. **Will an investor accept compiled statements?** Sometimes early on, often not later. A compilation carries no assurance, and investors or acquirers in diligence usually want a review or audit for the periods relied on. Assurance cannot be added retroactively, so settle the requirement well before that year end. **Do you have an office in Vancouver?** No. EverStone delivers Vancouver engagements remotely. No part of preparing or discussing year-end statements needs a shared room. **What do year-end financial statements cost in Vancouver?** Nothing about a Vancouver address changes the fee. Statements on their own are quoted after we review your enquiry. For a one-owner trades corporation, bookkeeping, payroll and the year-end T2 with statements together usually run $500 to $700 a month all-in. [See the published fees](https://www.everstonecpa.com/pricing). **Do you work with businesses outside Vancouver itself?** Yes. Year-end statements for businesses in Burnaby, Richmond, North Vancouver and the rest of Metro Vancouver are prepared exactly as for Vancouver ones, from the same closed books, at the same fee. ## Related services and local guides Nearby cities, the rest of what we do for Vancouver businesses, and the reference pages behind this one. [Multiple corporations: when a second company makes sense](https://www.everstonecpa.com/blog/multiple-corporations-when-it-makes-sense) [Shareholder Loan Tracker A free spreadsheet tracking money moving between you and your corporation, with a running shareholder loan balance and which way the account is leaning.](https://www.everstonecpa.com/shareholder-loan-tracker) [Shareholders agreements: what they should cover on tax](https://www.everstonecpa.com/blog/shareholders-agreement-tax-implications) [Realtor accountant in Vancouver](https://www.everstonecpa.com/realtor-accountant-vancouver) [GST/HST filing in Vancouver](https://www.everstonecpa.com/gst-hst-filing-vancouver) [Payroll in Vancouver](https://www.everstonecpa.com/payroll-services-vancouver) [CFO services in Vancouver](https://www.everstonecpa.com/cfo-services-vancouver) [Financial statement preparation](https://www.everstonecpa.com/financial-statement-preparation-canada) [Year-end hub Everything due at a corporate year-end](https://www.everstonecpa.com/year-end-hub) [Compilation engagements](https://www.everstonecpa.com/compilation-engagement-canada) [Accountants across British Columbia](https://www.everstonecpa.com/accountant-british-columbia) [British Columbia tax facts](https://www.everstonecpa.com/bc-tax-facts) [Compilation or review engagement?](https://www.everstonecpa.com/compilation-vs-review-engagement)[Financial statements in Victoria](https://www.everstonecpa.com/financial-statements-victoria) ### Starting fees Every fee is fixed in writing before any work begins. - **Corporate year-end and T2 return** fixed fee, quoted in writing *This page* - **Monthly bookkeeping, GST/PST filing included** from $325 a month - **Payroll, remittances, T4s and ROEs** included in monthly bookkeeping - **Books, payroll and the year-end T2 together** $500–$700 a month - **Personal tax return (T1)** from $125; self-employed or rental $275–$500 - **Catch-up bookkeeping** from $2,200 per year of records - **Controller or CFO support** controller from $1,650, CFO from $2,750 a month - **One-off advice call with a CPA** $225 plus GST [Get My Fixed Quote](https://www.everstonecpa.com/book-online?service=corporate-tax#enquiry-form) ### Talk to a CPA about this One CPA, start to finish. Fixed fees in writing before work begins, and no obligation. [Get My Fixed Quote](https://www.everstonecpa.com/book-online) [Ask a Free Question](https://www.everstonecpa.com/quick-question) Email info@everstonecpa.com ★★★★★ “…have been completing my bookkeeping, taxes and financials for the last 2 years and they have been amazing. Thank you!” R. H. · Google review --- Source: https://www.everstonecpa.com/financial-statements-vancouver Prices: https://www.everstonecpa.com/pricing · Contact: info@everstonecpa.com · https://www.everstonecpa.com/book-online