Canada is amongst just a handful of countries on Earth that has a relatively stable and somewhat stagnant economy that often seems unhindered by global economic and financial crises. This is largely due to the fact that Canada is one of the few places in the world that is not overly populated and can afford to provide almost all its citizens with a high-quality standard of living.
Canada also has a very stable currency. This makes it an attractive country for investors and businessmen alike. A stable financial market means less risk when it comes to conducting business and trade. Canada’s government has also always encouraged small business development and growth by providing many incentives, grants, and subsidies to local businesses.
What About Accounting In Canada?
When it comes to Accounting policies and procedures, Canada has three accounting standards; International Financial Reporting Standards (IFRS), Accounting Standards for Private Enterprises (ASPE), and NON-GAAP reporting standards that are predominantly used for tax purposes.
Amidst a pandemic stricken economy, it is now more important than ever for businesses to rethink their business strategies for the next five years. With Covid-19 still running rampant businesses need to accept that they may no longer experience growth and progress they were experiencing pre-pandemic.
Reliable accounting services will always be of paramount importance for entrepreneurs and business owners alike in Canada. The right accounting firm can not only help your business save time and costs but also assist in offering insights on how to better improve overall efficiency and the business’s bottom line.
So, let’s take a look at the top accounting firms in Canada that have solidified their place as the top accounting firms in Canada.
The Top 5 Accounting Firms In Canada
Kinden Accounting & Advisory
Kinden Accounting & Advisory Services, Halifax is one of Atlantic Canada’s pioneer online accounting firms. They provide their clients with the best accounting services at the best possible prices. Ben Kinden is the owner of the accounting firm that specializes in offering online accounting and bookkeeping services. All of their accountants and professionals are highly qualified and have decades of experience in dealing with all kinds of business accounting procedures.
Kinden can help organizations filing harmonized sales tax (HST) and goods and services tax (GST) which is applied in Canada for almost all transactions of goods and services. They also have customized accounting solutions for medium to large-sized businesses. The accountants at Kinden are some of the most highly competent and sought-after accountants in Canada. This is why the firm also provides consultancy services for Canadian organizations to help steer their business in the right direction.
Deloitte Canada LLP
Deloitte, Canada, is an accounting firm that is headquartered out of London, England. Deloitte is one of the big four accounting organizations that serve the international market’s accounting needs. William Welch Deloitte founded the organization in 1845 and in 1989 the accounting firm merged with Touche Ross to form an organization by the name of Deloitte & Touche.
The company has a long history of serving the European and North American markets before expanding into Asia. This is one of the few accounting firms to have such a time-honored existence in the field of accounting.
Deloitte provides financial advice, risk, tax, audit, and assurance services to its commercial clients. They have accounting solutions for startup firms as well as organizations that are industry leaders.
The name KPMG comes from the names of the companies two original partners; Klynveld Main Goerdeler and Peat Marwick. KPMG is also one of the big four accounting firms of the world offering accounting services in 147 countries around the world. The foundations of this organization date back to 1818.
KPMG has more than 40 office locations within the borders of Canada. KPMG is also widely renowned as being one of the biggest and best organizations in the world for auditing services. They also have specialist advisors in the field of tax.
KPMG buildings and offices within Canada and the United States are often found in some of the most prominent buildings in the city often located in prestigious locations.
KPMG helps businesses better understand complex and business-critical transactions. They offer a long line of services that are competitively priced.
PwC is one of the big four accounting firms in the world let alone Canada. PwC’s roots date back to the mid 18th century but the name as we know it now was first established in 1960. Today, the company has more than 7,300 partner firms in Canada with offices stretching from coast to coast.
PwC provides its clients with tax, risk assurance, audit, and assurance services among many others. Their global presence helps them deliver services to business clients of all specializations, niches, and sizes. Often considered as a more exclusive accounting firm, PwC services some of the largest companies in the world.
Ernst & Young
Ernst & Young or EY as it is more commonly known as an accounting firm with a history that dates back over 150 years. This accounting firm is famous for working directly with the owners of some of the biggest organizations in the US and Canadian markets. They offer their clients customized accounting solutions based on their requirements and are well-respected both in national and international markets.
Not only does EY have a presence in delivering services in the private sector but they also incorporate solutions for government organizations around the world. This organization has received many awards from Forbes, Fortune 500, and Bloomberg. EY offers business risk, tax, audit, security risk, and technology solutions to its worldwide clients. EY has its headquarters in Toronto, Canada.
The Top Accounting Firm In Canada
A company that is entry-level in the market needs to make sure that its goods and services are tailored to meet the demands of its prospective clients. Similarly, a company that has been in the market for a significant period of time will have multiple corporate clients with extensive accounting demands. It might be a challenge for both of these organizations to find reliable accounting solutions based on their specific needs.
Choosing local has its own advantages especially if you have a small to medium-sized business that requires the need for an accounting specialist. Business organizations employed in a specific industry will also need their accountants to have knowledge of their trade specialization. The most successful accounting organizations are the ones that can handle all the diverse demands of the market, government, and your specific business.
Top Accounting Firm in Halifax, NS
If you’re looking for the top accounting firm in Halifax to handle your small business finances, look no further than the expert team at Kinden Accounting & Advisory Services. Book your no hassle-free consultation with us today!