Many reputable companies in Canada provide an extensive range of valuable accounting services, including tax advisory, financial consulting, and auditing. This blog reviews Canada’s top accounting firms, especially those in Toronto, Ontario that help companies with their financial problems.
10 Best Accounting Firms in Canada
The sector is significant and somewhat competitive, with almost 28,000 accounting firms across Canada. Regardless of where they are located in Canada—including Toronto, Ontario—businesses needing professional financial services must find the right firm.
Look only as far as the top companies in the nation for all your financial advisory, auditing, and consulting needs. Let’s take a look among which are seasoned natives as well as international powerhouses:
1. Deloitte
Among the several reputable accounting firms in Canada, Deloitte stands out especially for its availability. Businesses—including mid-market companies and not-for-profit organisations—rely on Deloitte for audit and assurance, tax advisory, and financial consulting, among other services. Toronto businesses and those all around Canada depend on Deloitte’s 13,000-strong team of experts.
2. PwC Canada
Over 110 years in business, PricewaterhouseCoopers (PwC) has maintained its excellent reputation thanks partly to audit, assurance, tax, and consulting. Globally, companies, private equity firms, and government agencies choose PwC, a company with 26 US offices. Their particular expertise helps them remain among Canada’s top accounting firms.
3. KPMG
KPMG Canada is a significant global player and an accounting firm with an excellent reputation. With 40 offices nationwide, KPMG provides audit, tax, and advisory services to clients in the technological and healthcare sectors.
If any company is seeking financial services, it is famous for its professional service and trained staff of more than 10,000 Canadian experts.
4. EY Canada
With 17 offices worldwide, Ernst & Young (EY) is a globally minded accounting firm. Offering a broad spectrum of services ranging from advisory to tax preparation to auditing, EY guides companies across challenging financial terrain. Many academic, manufacturing, and banking firms turn to them first because of their creative drive and dedication to diversity and inclusion.
5. Grant Thornton Canada
Grant Thornton is a major player in the Canadian accounting scene, with more than 50 sites worldwide. Prominent for its work with family-owned businesses, SMEs, and the hotel industry, the company specialises in audit, tax, and advisory services. Its strategy helps it to be among the best accounting firms available for companies seeking customised solutions.
6. BDO Canada
BDO Canada is another well-known business with more than one hundred locations worldwide. From real estate and retail to non-governmental organisations (NGOs), clients in various companies get audit, tax, and advisory services from their worldwide network of more than 73,000 professionals. Businesses looking for specialised home services and foreign markets will find BDO’s client-centric approach especially useful.
7. MNP LLP
A major player in the professional services market, MNP boasts more than 100 sites around Canada. Emphasising client relationships, MNP offers audit, consulting, tax, and corporate finance services, particularly to businesses in the professional services, automotive, and public sectors.
8. Smythe LLP
Smythe LLP, based in Vancouver, BC, is a highly esteemed business with offices in Langley and Nanaimo. It focuses on tax planning, auditing, and accounting services. Because of its dedication to offering premium financial advice and tax service knowledge, Smythe is among the best companies for companies looking for particular financial advice.
9. Baker Tilly WMP LLP
Baker Tilly WMP LLP’s operations are based in major Canadian cities, including Vancouver and Toronto. Their products range widely from tax consulting and corporate financing to accounting and auditing. Companies seeking all-encompassing assistance will benefit from their emphasis on customising financial solutions for public and private sector clients.
10. Capstone LLP
Among other services, Capstone LLP, a somewhat young Toronto-based accounting firm specialising in small business accounting and tax preparation, provides tax planning for corporations. Despite its small size, startups and small businesses value Capstone because of its dedication to first-rate customer service and meticulous attention to detail.
| Firm | Services Offered | Locations in Canada | Specialisation |
|---|---|---|---|
| Deloitte | Audit, Assurance, Tax, Financial Consulting | Nationwide (13,000+ staff) | Large & Mid-Market Companies |
| PwC Canada | Audit, Assurance, Tax, Consulting | 26 Offices Nationwide | Global Corporations, Private Equity |
| KPMG | Audit, Tax, Advisory | 40 Locations Nationwide | Healthcare, Technology |
| EY Canada | Audit, Tax, Advisory | 17 Offices Nationwide | Financial Services, Manufacturing |
| Grant Thornton | Audit, Tax, Advisory | 50+ Locations Nationwide | SMEs, Family-Owned Businesses |
| BDO Canada | Audit, Tax, Advisory | 100+ Locations Nationwide | Real Estate, Retail, NGOs |
| MNP LLP | Audit, Consulting, Tax, Corporate Finance | 100+ Locations Nationwide | Automotive, Public Sector |
| Smythe LLP | Tax Planning, Audit, Accounting | Vancouver, Langley, Nanaimo | Tax Services, Small Businesses |
| Baker Tilly WMP LLP | Audit, Accounting, Tax Advisory, Corporate Finance | Major Cities | Private & Public Sector Clients |
| Capstone LLP | Tax Planning, Corporate Tax, Small Business Accounting | Toronto | Startups, Small Businesses |
From sector heavyweights like Deloitte, PwC, and KPMG, companies all across the spectrum depend on these top 10 Canadian accounting firms. Whatever your business consulting, tax service, or financial advice needs—these companies have the knowledge to help you across Canada’s convoluted financial terrain.
FAQs
Why are accounting firms important for businesses in Canada?
Businesses often seek help with budgeting, tax preparation, and growth strategy from accounting firms.
Which accounting firm is best for small businesses in Canada?
Small and medium-sized companies can find tailored solutions from companies like MNP and Grant Thornton.
How do I pick the right accounting firm?
When you decide, consider their track record, degree of experience, and capacity to satisfy your particular corporate needs.
What services do accounting firms in Toronto provide?
Companies, including Capstone LLP and Deloitte, offer tax planning, audits, and advisory services to various sectors.