Accounting Firms in Canada

These firms provide auditing, tax, and consulting services to companies. 

Author: Matthew Retzloff
Matthew Retzloff
Matthew Retzloff
Investment Banking | Corporate Development

Matthew started his finance career working as an investment banking analyst for Falcon Capital Partners, a healthcare IT boutique, before moving on to work for Raymond James Financial, Inc in their specialty finance coverage group in Atlanta. Matthew then started in a role in corporate development at Babcock & Wilcox before moving to a corporate development associate role with Caesars Entertainment Corporation where he currently is. Matthew provides support to Caesars' M&A processes including evaluating inbound teasers/CIMs to identify possible acquisition targets, due diligence, constructing financial models, corporate valuation, and interacting with potential acquisition targets.

Matthew has a Bachelor of Science in Accounting and Business Administration and a Bachelor of Arts in German from University of North Carolina.

Reviewed By: Hassan Saab
Hassan Saab
Hassan Saab
Investment Banking | Corporate Finance

Prior to becoming a Founder for Curiocity, Hassan worked for Houlihan Lokey as an Investment Banking Analyst focusing on sellside and buyside M&A, restructurings, financings and strategic advisory engagements across industry groups.

Hassan holds a BS from the University of Pennsylvania in Economics.

Last Updated:November 28, 2022

Canada's accounting firms are made up of the Big Four international accounting firms and some local accounting firms. These firms provide auditing, tax, and consulting services to companies. 

Accounting firm headquarters are mainly concentrated in Toronto, Vancouver, and other large cities. The Big Four accounting firms and the Big Six banks have their head offices on Bay Street in Toronto, which is the epicenter of Canada's most significant sources of consulting earnings.

The digitalization of the Canadian financial services sector in 2018 drove the Big Four Canadian accounting firms' advisory fees. However, the consulting industry's fastest-growing area is healthcare digitization.

The Canadian Consulting Accounting firm has helped with the economic development of various industries in Canada. In addition, it has provided its clients with strategic consulting and financial auditing services. 

It helps these enterprises to be more formalized in their finance and also helps them in their future strategic positioning.

Top Accounting Advisory Firms in Canada

The Big Four (Deloitte, EY, KPMG, and PwC) dominate the Canadian consulting business, accounting for $1.5 billion of a $3.9 billion market (all figures in U.S. dollars), and have the fastest growth rate among competitors, according to an article in Canadian Accountant.

Due to Canadian corporate customers' tendency to be cautious early adopters of new technology, the digitization of old systems accounts for a substantial portion of consultancy income in Canada.

Toronto is one of the most cosmopolitan cities in the world and the center of Canada's consulting industry. With more than 180 languages and dialects spoken here, 6ix is renowned for having a remarkably varied population. 

In addition, Toronto has a significant focus on sustainability, and consulting businesses there provide services to various industries, including technology, natural resources, and financial services.

While all industries are booming, their demand for the services of accounting firms is also increasing. At the same time, the accounting industry in Canada has developed. Below are the top accounting advisory firms

DELOITTE LLP

Deloitte was founded in London, England, in 1845. The company is now one of the largest accounting firms in the world. 

The company's main business is to provide audit, financial management, and tax administration services to corporate and private clients in various industries around the world. Deloitte now has offices in more than 150 countries and territories. 

The company now employs nearly 350,000 professionals (2022). In 2021, the company had more than $50 billion in global revenues. The Canadian branch of Deloitte is headquartered in Toronto. Deloitte LLP is a Canadian member firm of Deloitte Touche Tohmatsu Limited. 

It has about 11,000 employees (2022). The company has won the industry and customers' praise with its professional business ability and a high sense of responsibility. Providing the best solution for customers is the goal of our company. 

In fiscal 2021, the Canadian division's revenue reached $2.7 billion.

KPMG LLP

KPMG LLP stands for Klynveld Peat Marwick Goerdeler. KPMG is now the world's top accounting services organization. In addition, it has been rated as one of the world's top four international accounting firms.

KPMG was founded in 1897 through the merger of several member institutions, including Peat Marwick International and Klynveld Main Goerdeler. KPMG's name is made up of the surnames of the founders of the first four accounting firms. 

KPMG is now headquartered in Amsterdam. KPMG has a global presence in 144 countries and territories, providing clients with audit, tax, and advisory services.KPMG currently employs 230,000 people (2022). In the fiscal year 2021, it generated revenue of $32.13 billion. 

KPMG's Canadian division was established in 1994. KPMG Canada provides management consulting and risks consulting services to businesses and private individuals across the country. KPMG now has over 7,000 employees in over 40 locations (2022).

KPMG is consistently recognized as one of the best employers and best places to work in this country. In addition, KPMG is ranked the 32nd best employer for diversity in this country by Forbes.

PWC

PricewaterhouseCoopers is an international accounting firm. PwC was formed in 1998 by the merger of Price Waterhouse and Coopers Lybrand in the U.K. He is now one of the largest accounting firms in the world. 

PWC

The company's business is spread over 157 international and regional. It employs nearly 300,000 professionals to serve its customers (2022). The company's services include tax consulting, legal services, management consulting, and financial consulting. 

In 2021, PWC's revenue reached $45.1 billion. In 2022, Forbes named PWC the world's best consulting firm. PWC Canada is a member of the global PWC Network. 

PWC now has 26 offices in all regions of the country.PWC Canada has more than 7,300 employees who provide excellent service to our clients and help them solve problems. In 1907, the First Canadian office of Price Waterhouse opened in Montreal.

It has been in this country for more than 100 years. PWC Canada generated $1.2 billion in revenue in 2021.

EY

EY's full name is Ernst & Young Global Limited. He is an accounting firm based in London, England. Ernst & Whinney and Arthur Young & Co initially founded the firm. It was incorporated in 1989. 

EY

EY is now one of the largest professional services networks in the world. Like other professional services networks, EY operates as a network of many member firms. Each company is organized as a separate legal entity in the partnership. 

Today, EY has member companies in more than 150 countries and regions. EY provides tax consulting, strategy consulting, operations consulting, and other consulting services to its clients. EY has nearly 700 offices worldwide, with about 320,000 employees (2022). 

EY is considered one of the best companies to work for in the world. In 2021, Ernst & Young's global revenue was $4 billion.EY has offices across Canada, providing consulting services to Canadian companies.

MNP LLP

MNP is a Canadian professional accounting and business consulting firm. Its headquarters are in Calgary. MNP provides financial consulting, forensic accounting, risk consulting, tax services, and more to many businesses in Canada. 

MNP LLP

MNP was first established in Brandon in 1958. The company's predecessor was Meyers Norris Penny. The company has grown over the decades. There have been many mergers and acquisitions during this period. 

In 2002, MNP took over PwC's bankruptcy operations at its Regina office, and between 2003 and 2009, due to the inclusion of Young Parkyn McNabb Inc., Mackin & Associates Inc. 

In which several companies merged. These expansions have expanded the company's business scope. For example, in 2010, the company acquired PwC's consumer bankruptcy business in various parts of Canada. 

In 2011 Meyers Norris Penny LLP officially changed its name to MNP LLP. The company now has 117 offices across Canada. It operates in most parts of Canada. The company has nearly 8,000 professionals providing services to enterprises and individuals.

Smythe LLP

Smythe LLP is a professional services firm based in Canada. It was founded in 1980 by six entrepreneurs. Smythe is headquartered in British Columbia. 

Smythe LLP

The company has offices in Vancouver, Langley, and Nanaimo. Smythe provides accounting, forensic, tax, and business consulting services to some private enterprises and public enterprises. 

Smythe brings expertise and industry-specific insights to help clients in business valuation, auditing, business acquisition, and more. In addition, Smythe has expertise in real estate, construction, technology, and other fields. 

This allows Smythe to provide expertise in many areas to help customers succeed. In addition, Smythe is a member of Allinial Global, a Global accounting network. This has helped Smythe establish links with accounting firms in all regions of the world. 

This connection has led to more resources for Smythe. Because of these advantages, Smythe is at the top of its market. In addition, Smythe's clients trust them with their professional team of accountants and business resources.

BDO Canada

BDO is an international accounting network. The accounting network consists of several accounting and consulting firms. Each BDO member is a separate legal entity. Founded in 1964, the network's global headquarters is now in Belgium. 

BDO Canada

BDO now has a global network spanning 162 countries and regions. The network has more than 1,700 offices and approximately 97,000 professionals. They provide accounting, tax, and management consulting services with professional services.

BDO Canada is a member of the BDO Network. Its roots go back 100 years to Winnipeg. In 1920, company founder James M. Dunwoody opened the first branch in Winnipeg. BDO Canada now has stores all over the country. 

The company has 4300 employees working in 116 offices across the country. The company is headquartered in Toronto. In 2021, the company's revenue reached $793 million. The company has always maintained integrity, respect, and cooperation with its employees.

Such values have always accompanied BDO. BDO has always been committed to being the best partner for customers and the best place to work for employees.

Grant Thornton LLP

Grant Thornton LLP is a leading Canadian accounting and business advisory firm. Its business scope includes forensic services, tax consulting, management consulting, and so on. They provide audit, tax, and consulting services to public, private, and public companies.

Grant Thornton LLP

Grant Thornton LLP has approximately 4,700 employees in offices across the country. Grant Thornton LLP is a member of Grant Thornton. Grant Thornton is a global professional services network. 

The network consists of several professional independent accounting firms and consulting firms. Its headquarters is Grant Thornton International Ltd, located in London, UK. 

The consulting firm was founded in 1980 by Alexander Grant & Co, Thornton Baker, and 49 other firms to form Grant Thornton. The organization has members and operations in more than 130 countries. 

With approximately 60,000 employees worldwide, the group's annual revenue reached $6.6 billion in 2021. According to Forbes magazine, Grant Thornton is considered one of the best management consulting firms in the world.

Manning Elliott

Manning Elliott is one of the largest certified public accounting firms in British Columbia, Canada. The company was founded in 1952, and after decades of development, the company now has more than 200 professional accountants and business consultants.

Manning Elliott's activities include tax services, business consulting, and company valuation. The company's customers include small and medium-sized private enterprises, public corporations, and non-profit organizations.

The company will also serve organizations operating in the United States, China, Japan, and Latin America. Manning Elliott is a member company of PrimeGlobal. PrimeGlobal is one of the world's most significant associations of independent accounting firms. 

The association has more than 300 members worldwide, distributed in more than 100 countries and regions. The association has more than 28,000 employees and revenues of more than $3.9 billion. 

Such a network provided Manning Elliott with powerful access and more industry information. Manning Elliott has always been committed to providing professional service to customers and helping them succeed.

Researched and authored by Lay Shang | Linkedin

Reviewed & Edited by Ankit SinhaLinkedIn

Free Resources

To continue learning and advancing your career, check out these additional helpful WSO resources: