Trying to find the right accountant in Toronto can feel harder than it should. You search “best accounting firms Toronto,” “best bookkeepers Toronto,” “Toronto CPA firms,” or even “best Canadian bookkeeping firms,” and suddenly every firm sounds the same. They all mention bookkeeping, tax, payroll, and small business support.
But the real question is simpler: which firm actually fits your business?
Toronto has a big small business community. The City’s 2025 Employment Survey visited around 75,000 business locations, and more than 9 in 10 Toronto businesses had fewer than 50 employees. So a lot of owners are trying to answer the same question: who can keep the books clean, help with tax, explain the numbers clearly, and make the whole process easier to manage?
In this guide from SAL Accounting, we’ll walk through Toronto accounting and bookkeeping firms worth comparing, what each one is best suited for, and how to choose based on your business needs.
Quick disclaimer: this is not an official CPA Ontario ranking. It’s based on publicly available information, Toronto relevance, service focus, software experience, and business fit.
Quick Takeaways
- The best accounting firm in Toronto depends on your business type, not just price or reviews.
- A bookkeeper usually handles monthly records. A CPA firm can support tax filings, financial statements, advisory, and more complex questions.
- Ecommerce businesses usually need more than basic bookkeeping. Shopify, Amazon, payouts, fees, refunds, inventory, and cross-border sales can make the numbers messy fast.
- Toronto pricing varies. Basic bookkeeping may cost a few hundred dollars per month, while more advanced accounting can cost much more.
- Before hiring anyone, check credentials, software fit, response time, industry experience, and what is actually included in the monthly fee.
Also, if you sell through Shopify, Amazon, Etsy, or across the Canada-US border, a financial health checkup from ecommerce accountants can help you see what’s happening in your numbers.
Best Accounting Firms Toronto Business Owners Can Compare by Business Type
There’s no single “best” accounting firm for every Toronto business. A Shopify seller, contractor, startup, restaurant, and larger private company all need different levels of support.
So instead of ranking firms from best to worst, this list focuses on fit: business type, Toronto relevance, service focus, software experience, and who each firm is best suited for.
1. SAL Accounting
Sometimes your store’s sales are growing, but your bank balance says something else. That’s where ecommerce accounting gets confusing. That’s where SAL Accounting can be the right fit.
SAL Accounting works with Canadian ecommerce businesses, especially Shopify, Amazon, Etsy, eBay, and other online sellers dealing with Canada-US activity.
Let’s say Shopify shows $80,000 in sales, but only $68,000 hits your bank. A basic bookkeeping setup might record the deposit and move on. But that doesn’t show what actually happened.
For an ecommerce store, that gap could include things like:
- payment and app fees
- refunds, chargebacks, discounts, and gift cards
- sales tax collected
- inventory costs
- foreign exchange differences
- payout timing differences
The point is, the bank deposit is not the full story. A proper ecommerce accounting setup helps you understand what came in, what was deducted, what tax may be involved, and what actually landed in the bank.
This matters even more if you sell on multiple platforms or across the Canada-US border. Once GST/HST, US sales tax, inventory, and payout timing enter the picture, basic bookkeeping may stop giving you the answers you actually need. SAL also has dedicated support for Shopify sellers, Amazon sellers, and Canadian businesses selling into the US.
Pros
- Strong fit for Shopify, Amazon, Etsy, eBay, and other ecommerce sellers.
- Understands payouts, fees, refunds, sales tax, inventory, and cross-border sales.
- Good choice if you want ecommerce numbers explained clearly.
Cons
- Can cost more than a basic bookkeeper.
- The team is spread out internationally, though they work on Canadian business hours.
- Not the best fit for simple personal tax returns or very basic bookkeeping.
How SAL Has Improved Over the Years
SAL has grown over the years, and the client experience has improved with it.
In the past, some clients may have felt that communication, handoff, or follow-up could have been smoother. SAL has used that feedback to build clearer systems, keep the team aligned to Canadian business hours, and make it easier for clients to know what is happening with their file.
For ecommerce clients, SAL has also built a stronger process around Shopify, Amazon, Stripe, PayPal, refunds, fees, sales tax, inventory, and Canada-US activity.
The goal is simple: give ecommerce owners numbers they can trust and make decisions with more confidence.
Best fit: Canadian ecommerce businesses that want clearer numbers, cleaner books, and practical Canada-US tax guidance.
Not the main fit: Simple personal tax returns or once-a-year bookkeeping.
2. SRJ Chartered Accountants
SRJ Chartered Accountants serves small businesses and offers services such as corporate tax, bookkeeping, personal tax, incorporation, SR&ED, and advisory.
This is worth considering if you need more than basic bookkeeping, especially if tax, advisory, software setup, or SR&ED support matters for your business.
Pros
- Good fit for small businesses that need tax, bookkeeping, advisory, incorporation, or SR&ED help.
- Many reviews mention professional service, clear advice, and strong tax support.
- Useful if you want a broader CPA firm, not just bookkeeping.
Cons
- Some reviews mention missed calls or slow follow-ups.
- May feel expensive for simple personal tax work.
- Not as clearly focused on ecommerce platforms like Shopify, Amazon, payouts, and inventory.
Best fit: Startups and growing small businesses that need tax and advisory support alongside bookkeeping.
Not the main fit: Ecommerce sellers who need deep Shopify, Amazon, payout, inventory, and Canada-US ecommerce accounting support.
3. GTA Accounting
GTA Accounting covers common small business needs such as bookkeeping, payroll, tax filings, and year-end support.
This is worth comparing if you run a traditional small business and want bookkeeping, payroll, tax, and year-end help in one place.
Pros
- Strong fit for cross-border and international tax support.
- Worth comparing if you need Canada-US tax help, foreign income support, or IRS-related guidance.
- Can help with common small business needs like bookkeeping, payroll, tax, and year-end filing.
Cons
- Some reviews mention slow responses, mistakes, or poor follow-up.
- Some clients say the experience changes after the first consultation.
- May not handle bookkeeping using Shopify data the way ecommerce-focused firms do.
Best fit: Local small businesses that need bookkeeping, payroll, corporate tax, or year-end support.
Not the main fit: Ecommerce sellers who need Shopify or Amazon bookkeeping built from platform-level data.
- Read More: “Top 10 Ecommerce Bookkeeping Services in Canada“
4. Accountor CPA
Accountor CPA offers virtual bookkeeping, tax, and accounting services for private and corporate clients.
This can work well if you prefer online support and want bookkeeping, tax, and outsourced finance help without needing to meet in person.
Best fit: Small businesses looking for virtual accounting and outsourced finance support.
Not the main fit: Ecommerce sellers who need deep platform-level bookkeeping or specialized Canada-US ecommerce accounting support.
5. Fuller Landau
Fuller Landau is an accounting, audit, tax, and advisory firm with offices in Toronto and Hamilton.
It can be a good option if your business has more moving parts, like audits, review engagements, deeper tax planning, or reporting needs that go beyond monthly bookkeeping.
Best fit: Larger private businesses, owner-managed companies, and businesses with more involved reporting needs.
6. Crowe Soberman
Crowe Soberman is a Toronto public accounting and advisory firm that provides audit, tax, advisory, and risk services.
Check this firm if your business needs audit, tax, advisory, risk, or reporting support beyond everyday bookkeeping.
Best fit: Entrepreneurial businesses, larger companies, and organizations with more complex accounting requirements.
- Read More: “Top E-commerce Automation Tools“
7. BBS Accounting
BBS Accounting has ecommerce accounting content for Toronto sellers using Shopify, Amazon, WooCommerce, and other platforms.
If you’re an online seller looking for bookkeeping and reporting support that understands ecommerce platforms, it can be a proper fit.
Best fit: Toronto online sellers comparing ecommerce bookkeeping options.
8. Baranov CPA
Baranov CPA publicly positions itself around accounting services for Canadian Shopify, Amazon, and ecommerce sellers.
They may meet your needs if you’re a Canadian ecommerce seller looking for Shopify or Amazon accounting support.
Best fit: Shopify, Amazon, and online sellers comparing ecommerce accountants.
9. UpCounting
Upcounting positions itself around ecommerce accounting services in Toronto, including support for online business finances and Ontario HST.
This is worth comparing if you want an ecommerce-focused accounting firm and prefer a digital-first setup. Best fit: Ecommerce businesses comparing online accounting options.
- Read More: “Best eCommerce Accounting Software“
Toronto CPA Firms vs Bookkeepers vs Accountants: What’s the Real Difference?
This is where a lot of business owners get stuck. You may not need a CPA firm for everything. You may not need a full accounting department either. But you do need to know what each role actually does.
Here’s a simple breakdown:
If you only need someone to keep your records clean every month: a bookkeeper is usually enough. They handle transactions, bank reconciliations, and can often help with payroll and HST remittances.
If you need tax filings, financial statements, or someone to review the bigger picture: you need an accountant or CPA firm. A bookkeeper can’t sign off on corporate tax returns or give structured tax advice.
If you need tax planning, advisory, or more complex support: a CPA firm is the right fit. This includes things like cross-border tax, SR&ED, audit, and financial reporting beyond basic year-end prep.
If you sell online or across the Canada-US border: the title matters less than the experience. Ask any firm directly: how do you handle Shopify or Amazon payouts, fees, refunds, inventory, and sales tax? The answer will tell you more than their credentials.
If you have only a few invoices, a bookkeeper plus year-end tax help may be enough. But if you run a Shopify store with high order volume, refunds, inventory, and US customers, you need someone who understands how ecommerce money actually moves from the platform to the bank.
- Also read: “Ecommerce Accounting Guide for SMBs”
Best Bookkeeping Firm Pricing: How Much Does Accounting Cost in Toronto?
Accounting and bookkeeping pricing in Toronto depends on transaction volume, payroll, HST filings, ecommerce complexity, and how much support you need beyond basic monthly records.
So if one firm quotes $500 per month and another quotes $2,000, they may not be quoting the same thing. For example, a local service business may only have a few bank deposits, expenses, and HST entries to clean up each month. A Shopify store may have hundreds of orders, refunds, discounts, payment fees, sales tax amounts, inventory costs, and payouts that need to be matched properly. That’s a very different job.
Bookkeeping prices vary because packages aren’t always built the same way. AIS Solutions notes that cost depends on complexity, billing model, tech stack, and what’s included.
Here is a practical range to think about:
| Business Type | Typical Support | Rough Monthly Range |
| Freelancer or contractor | Basic bookkeeping, HST support, year-end tax | $300 to $800 |
| Small business | Monthly bookkeeping, payroll, HST, corporate tax prep | $700 to $1,500 |
| Ecommerce store | Payouts, fees, refunds, inventory, COGS, tax, FX | $700 to $1,500+ |
| Scale-up | Accrual books, reporting, payroll, advisory, SR&ED support | $1,500 to $5,000+ |
| Larger private company | Review, audit, tax planning, advisory | Custom |
Pro Tip: Don’t compare accounting firms by price alone. Ask what’s included. A cheaper monthly fee can become expensive if it leaves out the work your books actually need.
For ecommerce businesses, price only matters if the work covers Shopify and Amazon payouts, fees, refunds, inventory, sales tax, and real profit. Otherwise, you may still be guessing from your bank balance.
How to Use This Best Bookkeeping Firm List to Make Your Final Decision
Before you hire one of the top bookkeeping companies Toronto has to offer, or choose the best bookkeeping firm for small business, slow down and ask better questions. A nice website, strong reviews, or even a CPA designation doesn’t automatically mean the firm understands your business.
And if your books already feel messy, that doesn’t mean you did anything wrong. It usually means your business outgrew the setup you started with.
Ask these questions before you book a call:
- Have you worked with businesses like mine before?
- What is included in the monthly fee?
- Is pricing fixed or hourly?
- Who will actually work on my account?
- What accounting software do you use?
- Can you help with HST, payroll, WSIB, and year-end tax?
- If I sell online, how do you handle Shopify, Amazon, Stripe, PayPal, refunds, fees, inventory, and sales tax?
If you sell online and want the best bookkeeping firm for online sellers, ask the firm to explain how they would record a Shopify or Amazon payout. If they only talk about the bank deposit and don’t mention sales, fees, refunds, tax, and inventory, they may not be looking at the full picture.
If someone says they’re a CPA, check them through CPA Ontario’s member directory. Also, watch how clearly the firm answers. If the response already feels confusing, the working relationship may feel the same.
For Canadian businesses, GST/HST also matters once you are no longer a small supplier. CRA explains the small supplier rules, including the $30,000 threshold.
Conclusion
The best accounting firm in Toronto isn’t always the biggest firm, the cheapest firm, or the one with the most reviews. It’s the firm that fits your business.
A simple service business may only need monthly bookkeeping and year-end tax help. A startup may need reporting, payroll, and SR&ED support. But if you run an ecommerce store, you need someone who understands Shopify, Amazon, refunds, fees, inventory, sales tax, and why your platform sales do not always match your bank deposits.
That’s why this decision matters. The right accounting setup gives you numbers you can trust. The wrong setup leaves you guessing. If you run a Shopify, Amazon, or Canada-US ecommerce business and your numbers are starting to feel harder to trust, book a free consultation with SAL Accounting’s ecommerce accountants. We can help you make correct business decisions based on clear financial data.
