Payroll & Bookkeeping Services in Canada - Industry Market Research Report

Payroll & Bookkeeping Services in Canada - Industry Market Research Report

  • March 2021 •
  • 48 pages •
  • Report ID: 4564378 •
  • Format: PDF
Base value: New technologies are expected to aid the industry

Abstract

Payroll & Bookkeeping Services in Canada
The Payroll and Bookkeeping Services industry in Canada is expected to experience solid expansion over the five years to 2019. The act of outsourcing business functions has become increasingly common over the past five years, which has increased demand for the industry’s services. Additionally, favourable macroeconomic trends have spurred demand and supported revenue growth. Over the five years to 2024, the industry is expected to experience steady growth, as the number of businesses and corporate profit trend upward. In the absence of any major downturns, industry volatility should decline with the industry expanding in line with the overall economy.

The Payroll and Bookkeeping Services industry in Canada provides outsourced payroll services for clients’ employees. Basic bookkeeping services are also covered in this report. This industry does not include tax preparation firms and certified public accountants (CPAs).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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