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Payroll & Bookkeeping Services in Canada - Industry Market Research Report

Payroll & Bookkeeping Services in Canada

Business outsourcing has become increasingly common over the past decade, particularly as businesses try to become more efficient and streamlined. This ongoing trend, coupled with improving macroeconomic conditions, has resulted in the Payroll and Bookkeeping Services industry performing well over the five years to 2017. Moving forward, steadily improving corporate profit and a rising number of businesses in Canada are expected to underpin industry growth, as businesses will likely continue outsourcing payroll and other noncore functions to specialist companies. Furthermore, new technology will provide greater incentive for a variety of businesses to begin outsourcing payroll as online systems provide more convenient and potentially lower-cost services. Over the next five years, the high level of competition that characterizes the industry will likely encourage operators to lower prices to remain competitive; companies unable to effectively lower their prices may lose clients or get forced out of the industry altogether.

This industry provides outsourced payroll services for clients’ employees. Basic bookkeeping services are also covered in this report. This industry does not include tax preparation firms and certified public accountants (CPAs).

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.

  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2017)
    • Table Industry Structure
  • Industry Performance
    • Table Number of businesses
    • Table Industry revenue
    • Table Life Cycle Stage
  • Products & Markets
    • Table Products and services segmentation (2017)
    • Table Major market segmentation (2017)
    • Table Business Locations 2017
    • Table Distribution of establishments vs. population
  • Competitive Landscape
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
  • Major Companies
  • Operating Conditions
    • Table Capital intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs Growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
  • Jargon & Glossary

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