What Is a Cash Flow Statement? A Complete Guide With Examples
A cash flow statement shows the real cash your business took in and paid out across operating, investing and financing. Book a free consultation.
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Explore clear, practical guidance on Canadian accounting, tax, payroll, business setup and compliance from the Bestax team, to help you make confident business decisions.
Page 1 of 3. Showing articles 1 to 12 of 27 in Accounting.
How to Prepare for a Financial Statement Audit: A First-Time Audit Checklist for Canadian Businesses
Reconcile the books, build the PBC list and get the year-end file ready before the auditor starts. Audit vs review vs compilation, when the law requires an audit, the 2026 CAS changes, and a four-phase checklist.
ASPE vs IFRS: Which Accounting Standard Does Your Canadian Company Need?
Private companies default to ASPE and publicly accountable enterprises must use IFRS. The key differences, when a private company should elect IFRS, the 2025 to 2026 updates, and how to switch.
Payroll Remittances: Due Dates, Remitter Types and How to Pay the CRA
Payroll remittance due dates, the four CRA remitter types, how to pay, and what late remittance costs. A plain English 2026 guide from Bestax Accountants.
Bookkeeper Vs Accountant Vs CPA In Canada: Who To Hire
Compare bookkeepers, accountants and CPAs in Canada, including roles, costs, deadlines and when your business needs each one.
How to Incorporate a Business in Alberta: Costs, Steps and Requirements for 2026
To incorporate a named business in Alberta, you obtain an Alberta NUANS report, prepare your Articles of Incorporation and related notices, and submit the package through an authorized Alberta registr
How to Read a Balance Sheet: Guide for Canadian Business Owners (2026)
To read a balance sheet, you look at three things in order: what a business owns (assets), what it owes (liabilities), and what is left over for the owners (equity). If the top number (total assets) e
Why Double-Entry Accounting Matters for Your Business: A 2026 Canada Guide
If your books have ever refused to balance, you already understand the quiet logic behind double-entry accounting . Every dollar that moves through your business comes from somewhere and goes somewher
What Is Line 15000 on a Tax Return in Canada?
Line 15000 , formerly known as line 150, this field was expanded to five digits in 2019. It’s a crucial figure because it determines your eligibility for government benefits and credits and is used to
What Is GST/HST Credit and Who Is Eligible in 2026? Complete Canada Guide
If you’re wondering what the GST/HST credit is and who is eligible in 2026 , the answer is simple: it is a quarterly, tax‑free payment provided by the Canada Revenue Agency (CRA) to help low‑ and mode
How to Handle Bookkeeping for Real Estate Agents in Canada (Step-by-Step Guide)
Tracking commissions and paperwork isn’t the most exciting part of real estate, but it’s one of the most important. Bookkeeping for real estate agents means keeping a clear record of every commission
How Tax Refunds Work in Canada (2026): Step-by-Step Calculation Guide
Every spring, millions of Canadians file their tax returns, hoping to see a refund. Most treat it like a surprise bonus, something CRA is sending as a gift. But a tax refund from Canada is not a gift.
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