Local · CA
Do I need a CPA for my Canadian small business?
Short answer
Corporations commonly use a CPA for year-end financial statements and the T2 return. A bookkeeper keeps monthly records clean, which reduces CPA time and fees.
Detailed answer
Choose the level of support
A CPA can provide accounting and tax services within their competence, but not every small business needs the same engagement. A simple sole proprietor may need periodic tax help; a corporation with financing or complex transactions may need more formal reporting. Assurance work is different from routine bookkeeping or tax preparation.
Coordinate monthly and annual work
Ask the year-end professional for supporting schedules and preferred classifications. Have the bookkeeper maintain loans, assets, tax accounts and owner balances throughout the year. Confirm whether the engagement includes financial statements, tax filings and advisory meetings so that important obligations do not fall between providers.
Official sources
Published by Expert Bookkeeping Services · Last updated 2026-11-01. General information only — confirm specifics for your situation with a qualified adviser.
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