Accounting Services in Canada
Over the five years to 2018, an expanding Canadian economy, in addition to an increasingly complex regulatory and tax structure, has bolstered demand for the Accounting Services industry in Canada. As a result, industry revenue is expected to rise. Industry growth has been propelled by an increase in the total number of Canadian businesses, which expanded the potential pool of clientele for accounting firms. Over the five years to 2023, industry revenue is projected to grow. Anticipated growth in the total number of Canadian businesses will underpin industry revenue growth. Additionally, as multinational companies expand into Canada, they will rely on domestic accounting firms to provide insight into federal tax incentive programs. Likewise, as Canadian companies expand overseas, accounting services firms will be needed to advise businesses on global tax issues, such as transfer pricing.
This industry audits the accounting records of public and private organizations and attests to compliance with generally accepted accounting practices. Accounting services establishments provide a variety of accounting services, including auditing accounting records, designing accounting systems, preparing financial statements, developing budgets and providing advice on matters related to accounting.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.