Canadian business is supported by a robust accounting industry. The top accounting firms in Canada have offices on Bay St. in Toronto and satellite offices across the country.
The Canadian accounting industry includes the Big 4 accounting firms, a number of large Canadian firms and a vast industry of smaller accounting and tax firms.
Top Accounting Firms in Canada List
The many accounting firms in Canada provide a variety of services to businesses and individuals. Accounting firms can help with bookkeeping, tax preparation, auditing, and other financial and consulting needs.
A basic understanding of accounting terms is important for small business owners but for any advanced accounting help it makes sense to outsource this business function to an outside accounting firm.
There are also a number of fintech companies offering accounting software in Canada for small businesses. These accounting platforms help with most basic accounting and bookkeeping needs but are not robust enough for most large businesses or for any complicated accounting services.
Large Canadian public and private corporations rely on their accounting partners for more than just accounting. Often, these firms will provide consulting, M&A advisory, and cybersecurity services.
OK, lets dig in!
Here is our list of the top accounting firms in Canada:
- Ernst & Young
- BDO Canada
- Smythe LLP
- Baker Tilly WMP LLP
- MNP LLP
- Grant Thornton Canada
Guide To The Top Accounting Firms in Canada
KPMG employs over 230,000 people in 145 countries and territories around the world to meet the demands of business, governments, public-sector agencies, not-for-profits, and through KPMG auditing and assurance activities.
The KPMG HQ is located in Amstelveen, Netherlands and the business is actually a network of firms with three main lines of business:
- Financial audit
Also, KPMG Canada supports most industries including financial services, infrastructure, oil & gas, real estate and many more.
PwC employs over 250,000 people globally and over 7,000 partners and staff in Canada alone.
The firm provides audit and assurance, tax, deals and consulting that are tailored to the needs of each client business.
Finally, cybersecurity, privacy, financial crime, workforce of the future, finance transformation, value creation, strategic reassessment are some of their current focus areas.
Deloitte is a multinational professional services firm with offices in more than 140 countries and employees around the world.
It provides audit and assurance, consulting, financial advisory, risk advisory, tax, and related services to both public and private clients in several industries.
Deloitte LLP is a member of the global Deloitte Touche Tohmatsu Limited network, which includes member companies that are legally distinct and autonomous entities.
Ernst & Young provides audit, tax, consulting, technology, corporate structuring, and human resources services worldwide.
Stakeholder capitalism is a core value at EY: businesses should create value for their clients, employees, suppliers, communities, and shareholders.
EY management feel that when businesses align their goals with society’s objectives, they will be more valuable and sustainable in the long run.
5. BDO Canada
BDO was started in Winnipeg and today consists of 4,000 professionals in offices from Vancouver to St. John’s, serving clients across many industries.
It was founded by Colonel James M. Dunwoody who came to Canada from Ireland.
BDO is headquartered in Toronto, Ontario and had revenues of $690 million in 2020. They have over 1,500 global offices in 167 countries.
6. Smythe LLP
Smythe is a British Columbia-based accounting firm that has earned a reputation for excellent service in the areas of assurance, taxation, and business advisory services for private and public enterprises, as well as family-owned businesses and not-for-profit clients.
The firm was established in 1980 by six entrepreneurs and their objective was straightforward: to establish a socially responsible business that would deliver outstanding accounting, assurance, and tax advisory services regularly.
Baker Tilly WM LLP, originally Wolrige Mahon Collins Barrow, has member firms all across Canada and is an all-Canadian network.
They have a reputation for providing value added services in the areas of audit, tax and advisory solutions. Their clients range from publicly traded companies to owner-managed businesses.
Finally, BT has over 39,000 people working from over 700 offices.
8. MNP LLP
MNP is another Canadian accounting firm with offices across the country. It has over 7,000 employees in over 100 offices, and the head office is in Calgary, Alberta.
MNP specializes in consumer insolvency but also provides typical bulge bracket services like M&A advisory, tax, accounting and consulting.
Also, MNP serves the international community through their membership in Praxity.
Grant Thornton LLP is a leading accounting and advisory firm providing advisory, audit and tax services to Canadian businesses.
The parent company called Grant Thornton International is headquartered in London, England.
The global firm has a network of over 55,000 people in 140+ countries. The Canadian business has just under 5,000 people in offices across the country.