The 6 Best Accountants in Toronto [2022]

Whether you’re a business or an individual, you need an accountant to help manage your finances. A competent accountant can help you save money, avoid financial pitfalls, and make sound investments. But with so many accounting firms in Toronto, how do you choose the right one?

When it comes to finding an accountant in Toronto, there are a few things you should keep in mind. First, you want to make sure that the accountant is licensed and registered with the Canadian Institute of Chartered Accountants (CICA). Second, you’ll want to find an accountant who has experience working with businesses in your industry. And finally, you’ll want to choose an accountant who offers the services that you need.

To help you find the best possible accountant for your needs, we’ve compiled a list of the six best accounting firms in Toronto. Each of these firms meets all of the criteria mentioned above, and they’re all capable of providing excellent service. 

So whether you’re looking for corporate tax advice or simply need someone to do your personal taxes, one of these firms will be able to help you.

Summary

How Much Does It Cost to Hire an Accountant in Toronto?

The cost of hiring an accountant in Toronto will vary depending on the size and scope of your business. For small businesses, you can expect to pay anywhere from $500 to $2,000 per month for accounting services. For larger businesses, the cost will be higher, ranging from $5,000 to $10,000 per month. 

Of course, these are just general estimates, and your specific costs will depend on the nature of your business and the services you require.

Below is a table of the estimated monthly cost for accounting services in Toronto, broken down by business size.

Business Size Estimated Monthly Cost
Start-Ups $500 – $2,000
Small Businesses $2,500 – $5,000
Mid-Sized Businesses $5,000 – $10,000
Large Businesses $10,000+

These estimates are based on the assumption that you will be using a full-service accounting firm. If you only need specific services, such as bookkeeping or tax preparation, the cost will be lower. For example, you can expect to pay $200 – $400 per month for bookkeeping services.

When it comes to hiring an accountant in Toronto, there’s no one-size-fits-all solution. However, by keeping the above criteria in mind, you’ll be able to find an accountant that’s a good fit for your business.

The Best Accountants in Toronto

Now that you know what to look for, let’s take a closer look at each of the six best accounting firms in Toronto.

1. BBS Accounting

Hiring a full-time accountant is not only expensive but also time consuming – and that’s where BBS Accounting comes in! They offer small business owners and freelancers the opportunity to hire their leading accounting department on an affordable budget, so they can focus their resources elsewhere!

The professionals at BBS Accounting bring the know-how and experience to support your business. They offer services like independent contractor or consultant accounting, payroll services, small business accounting and bookkeeping tailored for consultants, small businesses or any size company in need of an accountants’ help. 

They work exclusively with their clients’ consulting firms so there’s no risk involved when choosing them as their preferred accountant! They’ll show you how to keep track of your finances and be confident in what’s happening with them. 

Your business will never be in danger of losing money or getting audited again with the help from their team. They take care of all aspects so you don’t have to worry about anything! They give clear guidance and will win your trust – which is not easy these days. 

Demonstrating strong knowledge and expertise, BBS Accounting takes the time to answer your questions and provide feedback quickly and clearly so don’t hesitate to get in touch with them!

Business Information:

Website: charteredprofessional.accountant
Telephone: +14166976478
Address: 300-500 King St W, Toronto, ON M5V 1L8

Customer Review Highlights:

“ We have had a fantastic experience with BBS Accounting. We have been with BBS for many years now and I highly recommend them. The BBS Accounting team are very detailed-orientated, quick, reliable and attentive. We always feel very supported by their team who constantly go above and beyond and we couldn't be more grateful. “

Pros & Cons

Pros Cons
Great for small businesses Mainly work with small businesses
Free 30-min consultation
Consistent hours

2. WTC Chartered Professional Accountant

WTC Chartered Professional Accountant are passionate about minimizing your taxes and increasing profits for you. They offer a full range of services to keep your business running smoothly.  They have experts that can handle everything from payroll and taxes, to cloud bookkeeping or accounting systems setup for new companies – all in one place! 

They start by getting to know you and your business so they can help tailor a plan that’s perfect for you. They’ll review taxes, clean up data or start fresh depending on how far behind you are right now! 

They’ll take you through the process of finding a package that’s just right for your business making it easy and straightforward, all at once. No hidden fees or long-term contracts – just upfront pricing with no surprises in store so don’t hesitate if this is something you`ve been looking for!

Business Information:

Website: wtcca.com
Email: info@wtcca.com
Telephone: +1 844-982-2727
Address: 250 Yonge St #2201, Toronto, ON M5B 2L7, Canada

Customer Review Highlights:

“ William is very knowledgeable in the e-commerce space. He educated me on the sales tax requirement for selling to different provinces and he also helped the company set up the backend system so that the accounting system, inventory system, Amazon, and Shopify are synchronized. Highly recommended for anyone looking for a modern-day accountant that works well with technology. “

Pros & Cons

Pros Cons
Free quote Small team
Uses advanced cloud accounting technology
They are an online CPA firm

3. Can-Am CPA Professional Corporation

Can-Am CPA Professional Corporation is an independently owned and operated full service accounting firm that aims to help small businesses navigate through the complex rules and law policies in the Canadian taxation system.

Established 1975 a professional corporation with over 40 years of experience providing tax advice for both individuals as well as companies alike – they take pride in every customer transaction because it’s not just another number but rather part towards making your life easier! 

Their accountants offer professional accounting, taxation services which include, but are not limited to: full corporate accounting, taxation, bookkeeping and management consulting. They offer accounting and taxation services in Toronto, Pickering, Ajax, Mississauga, Brampton, Vaughan and the surrounding areas. 

Can-Am CPA Professional Corporation offers a personalized, one on one approach to tax planning for all of their clients. They’re committed to help you create the best strategy possible so that your future desires are met and exceeded! 

So don’t hesitate to book a free consultation with their accounting professionals to get the expert advice you deserve.

Business Information:

Website: canamtax.com
Email: info@canamtax.com
Telephone: +1 416-243-2912
Address: 1275 Jane St, York, ON M6M 4Y1, Canada

Customer Review Highlights:

“ Always very friendly and professional. I usually speak with Vijay and each time my experience has been great. He is always there to answer any questions and just like many others have said polite, efficient and compassionate. “

Pros & Cons

Pros Cons
Specialize in a range of accounting services Reduced hours on weekends
Free consultation
40+ years of experience

4. GTA Accounting

GTA Accounting Professional Corporation offers a wide range of professional services to the community. The company specializes in everything from corporate tax returns and financial statements to international real estate taxes and advisory services! 

They are the money-management experts, helping small businesses as well as multinational organizations to better manage their finances. They have clients throughout Ontario, from Brampton to Toronto and Barrie. 

Their company is committed to providing you with the most modern and efficient technologies. They take pride in building strong client relationships that exceed your expectations by using cutting edge tools for success like state-of -the art technology. 

They are very detailed in their discussions and provide several opportunities for you to ask questions and are very thorough in answering them. And even if they are unable to answer your questions they will seek clarification and provide the answers promptly!

Business Information:

Website: gtaaccounting.ca
Email: tax@gtaaccounting.ca
Telephone: +1 416-900-3826
Address: 250 Consumers Rd #501, North York, ON M2J 4V6, Canada

Customer Review Highlights:

“ We had great experience working with GTA Accounting. The team is very competent, knowledgeable and detail oriented. They completed our tax returns with utmost accuracy and with a quick turn around. They are able to provide appropriate tax advice to minimize year-end taxes using legitimate tax strategies even for most complex scenarios. We highly recommend them.”

Pros & Cons

Pros Cons
Deals with even with the most difficult tax scenarios Closed on weekends
No hidden fees
1650+ happy customers

5. Capstone LLP Chartered Professional Accountants

Capstone LLP is a leading accounting firm with offices in Toronto, Canada. They’re dedicated to providing high-quality services for their clients and promise that you won’t be disappointed! 

You can be very confident that the level of expertise within Capstone LLP will ensure an optimal solution for your needs, as they have already come across every scenario or client challenge in their past jobs. 

From incorporation, audit and business plans all the way down through cloud accounting services for your personal needs – they’ve got you covered! They have over four decades of experience in accounting, advisory and tax services for small business clients as well as medium or large enterprises. 

This has provided them the opportunity to focus on growing the business and make people feel that everything else will be integrated and taken care of by Capstone’s team!

Business Information:

Website: capstonellp.ca
Email: info@capstonellp.ca
Telephone: +1 416-551-0760
Address: 1446 Don Mills Rd. #280, North York, ON M3B 3N3, Canada

Customer Review Highlights:

“ Paul helped me get my dental practice set up, created my professional corporation and handles the corporate taxes for me, as well as my family's personal taxes. I am very happy with the service and level of expertise. I strongly recommend Capstone LLP to everyone. “

Pros & Cons

Pros Cons
Great for small businesses Work with mainly small businesses
Free consultation
Wide range of accounting services

6. Maroof HS CPA Professional Corporation

Maroof HS CPA Professional Corporation is a professionally incorporated company that has been registered with both CPA Ontario and CPA Alberta. They are a boutique accounting firm located in the Greater Toronto Area which offers professional services related to taxes, accounting management and business advisory solutions. 

They offer a range of services from business plan writing and financial feasibility studies to investor relationship management. They’re committed to delivering exceptional service for every client, no matter the size of their company. 

They’ve built lasting relationships with many clients who recognize their commitment as they grow and succeed together over time while also helping you make the best decisions possible with their thorough and research-based insight. 

Their team is helpful throughout the whole process, always making sure you have everything necessary to complete your project on time without any problems or confusion about what needs to be done next!

Business Information:

Website: maroofhs.com
Email: Canada@MaroofHS.com
Telephone: +1 437-220-2074
Address: 85 Queens Wharf Rd #4102, Toronto, ON M5V 0J9, Canada

Customer Review Highlights:

“ Maroof HS CPA & Co. are really good at there work. They will give there best in whatever they do. They are hard working, with excellent quality of work. They are punctual in there work timings, they'll finish work in committed time. They really have indepth knowledge. They are really impressive in solving financial queries. All team of Maroof HS CPA Corporation are really at there work. I would definitely recommend them. “

Pros & Cons

Pros Cons
Work with both small & medium sized businesses Not ideal for large businesses
Green practices
Highly experienced in handling many complex transactions

FAQs about Accountants

There are pros and cons to both hiring an individual accountant and an accounting firm. If you hire an individual, you’ll have a dedicated point of contact who will get to know your business intimately. This can be beneficial because they’ll be able to offer personalized advice and service. However, individual accountants may not have the same depth of knowledge or resources that a larger firm does.
An accountant is a professional who helps individuals and businesses plan and organize their financial affairs. Accountants provide a variety of services, including preparing and filing tax returns, providing financial advice, and auditing financial statements.
Tax season is quickly approaching, and many people are wondering when they should start calling their accountant. Generally, you should start calling your accountant in early February. You should also contact your accountant if you have any questions about your tax return.
The first advantage of hiring an accountant is that they can help you save money on your taxes. An accountant can help you stay organized and keep track of your finances. They can also help you plan for the future and make wise financial decisions.

Conclusion

If you are looking for an accountant in Toronto, the six professionals listed above are a great place to start. They are all highly qualified and have a wealth of experience in the field. So, whether you are in need of help filing your taxes or want to get started on your own business, these accountants can assist you every step of the way.

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