Payroll & Bookkeeping Services in Canada - Industry Market Research Report

Payroll & Bookkeeping Services in Canada - Industry Market Research Report

Payroll & Bookkeeping Services in Canada

Canadian payroll companies and bookkeepers have seen a slight revenue expansion in recent years. The industry performed well prior to COVID-19, but the pandemic disrupted a growth trend that later resumed starting in 2021, and continued through 2022, leading payroll companies and bookkeepers' revenue to exceed pre-pandemic levels.

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.