Aliu IsaTax season happens once a year, so planning ahead can help you be smarter about your decisions.
Tax consultants can help you identify deductions and give you advice on how to legally save on taxes. Isn’t this great news?
We found the best tax consultants in Toronto to help you out. Read on to find out more about the usual processes.
How much is the fee for a tax consultant in Toronto?
A tax consultant can offer varied services based on the hourly rates:
The scope of work and expertise of an accountant affects the rate for their services. Specialised work like tax planning and consultancy will also add up to the cost.
Some companies offer monthly or yearly packages if you retain them as an accountant.
The Best Tax Consultant Firms in Toronto
The top tax consultants who made this list met the following criteria:
1. SY – Accounting and Tax Services
| Criteria | Rating |
| Client Servicing | ★★★★★ (5/5) |
| Consultant’s Experience | ★★★★★ (5/5) |
| Consultant’s Reputation | ★★★★★ (5/5) |
| Range of Services | ★★★★★ (5/5) |
SY – Accounting and Tax Services is a distinguished Toronto-based firm that provides expert financial guidance to a discerning clientele.
Founded by Solomon Yeung, a seasoned Chartered Professional Accountant (CPA), the firm is dedicated to helping businesses and individuals navigate the complexities of the Canadian tax landscape.
They offer a holistic approach that goes beyond simple tax preparation, focusing on strategic planning to foster long-term financial health and success. The firm is built on the extensive experience of its founder.
Solomon Yeung’s impressive background includes time as a Senior Tax Associate at the prestigious PricewaterhouseCoopers LLP and as a tax auditor for the Canada Revenue Agency (CRA).
This insider knowledge of both public and private sector tax intricacies gives the firm a unique and powerful advantage. It allows them to provide clients with unparalleled insights and effective strategies.
The services offered are comprehensive, covering all aspects of accounting and tax. The firm provides meticulous bookkeeping, expert tax services, and high-level business consulting.
This integrated approach ensures that all pieces of a client’s financial puzzle work together seamlessly. They are particularly skilled at advising privately owned corporations, high-net-worth individuals, and small to medium-sized enterprises.
Clients of SY – Accounting and Tax Services can expect a partnership that is focused on maximizing their potential. The firm’s commitment to providing value-added professional services is evident in their strategic and client-centered approach.
Their deep expertise and holistic view make them an exceptional choice for anyone seeking sophisticated tax and accounting support.
Pros
- Founder has Big Four & CRA experience
- Holistic tax, accounting & consulting
- Expertise with high-net-worth clients
- Focus on strategic, long-term planning
Cons
- High demand for expert-level advice
Customer Reviews
Great and persistent communicator
“I can be a challenging client, my records were a mess. Solomon sorted through it, had patience, was thorough, and stuck with the tasks. He saved me money by giving good advice. He knows what he is doing, is a great and persistent communicator, and thoroughly reliable. I thoroughly recommend Solomon.” -Robert H.
He is patient and professional
“I have had the pleasure of working with Solomon for multiple tax returns and planning for future filings as an expat. From the start, Solomon took the time to review my documents and answer my questions. He is patient and professional. I appreciate the transparency in our conversations, which made what could have been a stressful process feel manageable and even educational. Knowing I have Solomon for future tax returns gives me peace of mind. I highly recommend his services to anyone needing a knowledgeable and attentive accountant.” -Michelle L.
2. NRK Accounting
| SERVICES | Income Tax ServicesAccounting ServicesInnovation Hub |
| WEBSITE | https://nrkaccounting.com/ |
| ADDRESS | 40 Wynford Drive, Suite 211, North York, ON M3C 1J5 |
| CONTACT DETAILS | 437-220-2074 |
| OPERATING HOURS | Monday – Saturday: 9 am – 7:30 pmSunday: Closed |
| Criteria | Rating |
| Client Servicing | ★★★★★ (5/5) |
| Consultant’s Experience | ★★★★★ (5/5) |
| Consultant’s Reputation | ★★★★★ (5/5) |
| Range of Services | ★★★★★ (5/5) |
We recently utilized the tax consultation services of NRK Accounting and were thoroughly impressed by their strong ethical standards and integrity. This firm truly distinguishes itself from other accounting firms in the market.
Moreover, their fair and transparent fees were a significant advantage. Their accounting packages are tailored to the specific needs and budgets of business owners and individuals, with upfront pricing for all services.
Additionally, NRK Accounting’s commitment to staying up to date with current market trends is evident. Throughout the year, they provide both individual and corporate clients with the accounting expertise and knowledge necessary for success.
Furthermore, their auditors, tax advisors, and accountants are well-versed in industry trends, ethical standards, and best practices for financial accounting. They continually train and educate their staff using specialized tools, innovative technology, and advanced techniques.
Importantly, NRK Accounting’s proactive approach to tax planning is commendable. By staying informed on new tax rules and legislation, they discover significant tax planning options that reduce both current and future tax obligations.
Lastly, their dedication to our financial success was clear throughout our engagement. We highly recommend NRK Accounting for anyone in need of reliable and ethical accounting services.
Pros
- Well-rounded certified accountant
- Personalised service
- Affordable rates
- Responsive staff
Cons
- No discounts at the present
Customer Reviews
“The service provided by NRK Accounting is excellent. Farshid is very professional, extremely knowledgeable and great to work with! He has been very helpful in providing tax advice about important details in preparing my taxes. Wonderful service and effective. Will definitely recommend their service.” — Wafa K.
“NRK Accounting is truly amazing. I received phenomenal accounting services from Farshid Kaba and trust him with all my business & personal income taxes. Not only does he smoothen out my audits but he goes above & beyond to make sure that the process is seamless.” — Denise E.
3. Gondaliya CPA
| Criteria | Rating |
| Client Servicing | ★★★★★ (5/5) |
| Consultant’s Experience | ★★★★★ (5/5) |
| Consultant’s Reputation | ★★★★★ (5/5) |
| Range of Services | ★★★★★ (5/5) |
Gondaliya CPA is a founder-led, licensed CPA firm serving Toronto and the Greater Toronto Area. With over 15 years of experience and more than 600 positive Google reviews, they have built a reputation for reliability and expertise in corporate tax services.
The firm specializes in helping business owners minimize their tax liabilities rather than just filing returns. They provide tailored strategies for entrepreneurs, real-estate developers, daycare operators, and tech founders to reclaim significant tax savings.
Their approach combines proactive tax planning with industry-specific knowledge, including CWELCC audits, real-estate corporations, and cross-border compliance. This positions them as more than just a compliance firm—they act as financial strategists for business owners.
Gondaliya CPA prides itself on transparent, fixed annual pricing and guarantees, including a 30-day money-back policy and a 60-day fee-matching promise. Clients consistently report smooth, efficient processes, quick responses, and personalized attention from senior staff.
The firm’s founder, Sharad Gondaliya, holds CPA licenses in Canada, Washington, and Montana, ensuring expertise in cross-border tax planning. This makes them a strong choice for businesses with U.S. interests or complex tax situations.
Clients highlight the firm’s affordability without compromising on quality, noting that even small businesses can access top-tier CPA services. The team also leverages modern tools like QuickBooks, Xero, and cloud-based platforms to streamline accounting and tax workflows.
Overall, Gondaliya CPA offers a professional, responsive, and strategic approach to tax consulting, particularly for business clients seeking maximized tax efficiency. Their combination of expertise, guarantees, and industry-focused service sets them apart in the Toronto area.
Pros
- Founder-led service ensuring senior expertise
- Proactive tax minimization strategies
- Transparent fixed pricing with no hidden fees
- 30-day money-back and 60-day fee-matching guarantees
Cons
- Primarily focused on business clients, not personal tax filers
Customer Reviews
Their supportive staff makes the whole process super smooth
“I’ve been filing my business taxes with Gondaliya CPA for two years now, and honestly, I couldn’t be happier. Their supportive staff makes the whole process super smooth, which is a relief during tax time. They really know their stuff as corporate tax experts and as a tax accountant, plus their pricing is affordable—seriously the Most AFFORDABLE in Toronto. If you’re near Scarborough and need payroll services for your business, I’d definitely recommend them for their competitive pricing and easy-going approach” – Khushal Kanani
The knowledgeable team makes the whole process smooth
“I’ve been using Gondaliya CPA for my business taxes for a while now, and honestly, they stand out among cpa firms in Toronto. What people love in Toronto is a small business accountant who’s approachable and knows their stuff, and that’s exactly what I get here. The knowledgeable team makes the whole process smooth, especially with tax planning, and their attractive pricing is a big plus. If you’re looking for straight-up good experience and someone who actually picks up your calls, Gondaliya CPA is the way to go.” – Krushant Patel
4. Maroof H. Sabri – Maroof HS CPA
| Criteria | Rating |
| Client Servicing | ★★★★★ (5/5) |
| Consultant’s Experience | ★★★★★ (5/5) |
| Consultant’s Reputation | ★★★★★ (5/5) |
| Range of Services | ★★★★☆ (4/5) |
If you are looking for a well-rounded accountant, Maroof H. Sabri can be of help. He assists individuals and corporations with their tax planning and preparation, along with accounting and business setup.
What’s more, he can help Canadian businesses with their local and US income tax as he is an IRS Certifying Acceptance Agent and Certified Public Accountant (CPA).
On the local front, his membership in the Chartered Professional Accountants covers Ontario and Alberta.
As the founder of Maroof HS CPA Professional Corporation, Maroof and his team have focused their services to help small and medium-sized businesses all over Canada.
These businesses benefit a lot from getting Maroof´s services as he has taken up further studies in Accounting, Finance, and Actuarial Science. A client was impressed with his knowledge of solving finance-related concerns.
This firm may be a small accounting firm but it seems that clients also get the same – or even better – quality compared to the big firms.
Clients who have dealt with various tax professionals have been amazed at Maroof´s level of professionalism and his friendly and accommodating personality.
What we appreciate is how clients get to experience Marrof´s personalised service. He takes the time to meet with clients and discuss their tax situations thoroughly.
When it comes to a well-rounded service, Maroof and his firm make it top of the list. With more than 12 years of experience, clients will get reliable and professional work.
Pros
- Well-rounded certified accountant
- Took further studies in accounting, Finance, and Actuarial Science
- Tax service available for both local and US businesses
- Personalised service
Cons
- Small accounting firm
Customer Reviews
Helped tax transition easier
“Maroof is amazing, very professional, knowledgeable and friendly. He’s been an integral part of our tax journey to move to Canada and now got done with our first tax return too. Made it easier than it was supposed to be. Great Job!” – Saad
Thorough and reliable service
“I had very much bookkeeping accumulated that needed to get done. Maroof and his team were very understanding, professional and had my taxes done on time. They were thorough and reliable. I am please to say that I am very happy with their service.” – Kamelia
5. Joe Gervasi – SternCohen LLP
| Criteria | Rating |
| Client Servicing | ★★★★☆ (4/5) |
| Consultant’s Experience | ★★★★★ (5/5) |
| Consultant’s Reputation | ★★★★★ (5/5) |
| Range of Services | ★★★★☆ (4/5) |
Since 1963, Stern Cohen LLP has supported family-owned businesses and not-for-profit organisations. As a licenced CPA firm, it is able to provide a full range of accounting services.
We think you are in good hands with one of the firm’s partners, Joe Gervasi. He is a CPA, tax specialist, and a member of the Canadian Tax Foundation.
Since joining the firm in 2013, he has shared his tax planning knowledge with companies in various fields. He was able to help a client who had a difficult property sale successfully file taxes.
When it comes to estate tax planning, clients will be happy to deal with Joe as he is a Trust and Estate Specialist (TEP). Through his diligence, clients get to enjoy tax breaks and savings.
Joe and the team in Stern Cohen, in spite of being a big firm, strive to give advice that is helpful for both current and long-term planning. They even go through the documents one line at a time and explain tax laws in layman’s terms.
However, there have been instances that they had to refer clients to solo practitioners because of the scope of work of the small business. It is worth mentioning that the staff was helpful enough to set up clients with their contacts who can help the client.
This firm was awarded 2021 Best of Accounting Client Satisfaction in Toronto. This affirms why this firm made it to our list of the best tax consultants in Toronto.
Pros
- Licenced CPA practitioner
- Tax specialist
- Trust and Estate Specialist
- Explain tax laws in layman´s terms
- Firm has more than 50 years in the business
- 2021 Best of Accounting Client Satisfaction in Toronto
Cons
- Limited service for family-owned businesses and not-for-profit organisations
- Some instances of referrals to other practitioners because of the scope of work
Customer Reviews
Knowledgeable and efficient manager
“I’ve had a remarkably positive experience with Stern Cohen over 25 years. The architect of my original tax strategy was Keith Rosen, a true tax genius/savant, and the structure he put in place prior to his retirement has served me very well. Since then, the annual compliance work has been done by Joe Gervasi, who is great to deal with; he has an unerring judgement about where I need to be involved (my preference is for as little as possible) and he is invariably knowledgeable, on top of the numbers, and a skilled and efficient manager of the process. I couldn’t be more satisfied with the firm.” – Gary
Experts in their field
“Over the past 18 months we have worked with Stern Cohen as our primary financial services provider. They have owned our financial reporting, tax, advisory, inventory management and cloud bookkeeping services. And we couldn’t be happier. The staff at Stern Cohen are experts in their fields, who have a deep commitment to the success of our business, as well as our own personal financial stories. I highly recommend them – we sleep well at night knowing all our financial decisions and analysis are backed by their professional prowess and commitment.” – Monica
6. Elliott Stone – MD TAX
| Criteria | Rating |
| Client Servicing | ★★★★★ (5/5) |
| Consultant’s Experience | ★★★★☆ (4/5) |
| Consultant’s Reputation | ★★★★★ (5/5) |
| Range of Services | ★★★★☆ (4/5) |
MD Tax is headed by Elliot Stone with more than 10 years of tax advisory experience. Thus, he is able to explain well the nuances of taxation thoroughly.
It is also good to note that he is certified to practice accounting in Canada and the US. A client who works both in Canada and the US shared with us how only Elliot was able to provide him solutions after grappling with conflicting information.
Unlike other firms in this list, MD Tax focused its services on a niche group: physicians. It has streamlined the tax and accounting process to help clients focus on their main work of helping patients.
Even if it started only in 2015, it has a loyal group of medical practitioners because it understands physicians’ finances well.
Being in a family of medical practitioners coupled with his experience in advising small businesses, Elliot found it easy to understand the needs of different medical practices. In doing so, he is able to help clients not dread tax season.
Clients of MD Tax actually don’t feel anxious given the firm’s fixed-priced packages. These are all-inclusive, meaning they come with tax strategies and return.
The packages also include year-round support, which means that they can course their queries and get answers promptly at any point within the year of availing it.
To top it all off, Stone is responsive and walks the clients through the process for better understanding. This is surely a big plus for busy physicians.
Pros
- Elliot has more than 10 years of experience in tax advisory
- Accounting practice in Canada and the US
- Fixed package rates
- Year-round support for clients
Cons
- Niche customer base
- Business has less than 10 years in the field
Customer Reviews
Responsive and helpful in patients’ questions
“Elliott is super nice, super patient with all my questions, and extremely helpful and responsive. He is always willing to call/zoom to help me understand something or walk me through a complicated process step-by-step. AND!! All of this for a reasonable, all-inclusive rate so I don’t have to feel guilty about asking him questions and feel like I’m getting charged for each email. 11/10 would highly recommend!” – Tyler
Efficient and kind
“Elliott helped me file my taxes during my PGY2 year of residency. He was efficient, kind, and provided lots of education around how to get the maximum return around my residency expenses.
I’d strongly recommend MD tax and Elliott to anyone.” – Gurjot
7. Fraser Simpson – Tax Mechanic
| Criteria | Rating |
| Client Servicing | ★★★★★ (5/5) |
| Consultant’s Experience | ★★★★★ (5/5) |
| Consultant’s Reputation | ★★★★★ (5/5) |
| Range of Services | ★★★★☆ (4/5) |
Fraser Simpson’s firm may have been rebranded to Tax Mechanic in 2017 but his experience in handling business and personal taxes started way earlier than this.
He has more than 20 years in this field handling companies listed on the stock exchange. He also deals with big corporation owners and law firms so he knows how to manage different tax requirements.
Being in the business for that long also gave him experience in handling disputes with the Canadian Regulatory Agency (CRA). Together with his team, he has helped clients get out of difficult tax situations.
For instance, Tax Mechanic’s tax specialists were able to work on 2 years’ worth of tax filing for a client in just a weekend. It came with a very detailed summary of taxes and claims, which impressed the client all the more.
They have a reputation for pacifying anxious clients who feel burdened by all the paperwork by assuring them that they’ve handled many complex cases. As a matter of fact, they have resolved 6,000 tax disputes in a short amount of time.
If you are looking for free consultations, this is the firm for you. Requests usually get a response within an hour.
This boutique accounting company handles more than 500 accounts and is still growing, which is impressive.
While this firm’s rebranding may make them “newcomers” in this industry, it’s backed by a well-experienced and reliable team.
Pros
- Founder has more than 20 years’ experience
- Dealt with listed corporations and company owners
- Experienced in handling CRA disputes
- Offers free consultations
- Handles over 500 accounts
Cons
- Not as well-known in the industry due to rebranding
Customer Reviews
Quick response
“I have recently started using Tax Mechanic for my 2019 and 2020 taxes. The quality and quick responses and service is excellent. Any questions I have are always answered within 24 hours if not sooner and I never feel ignored.
Maria Correa, the office and accounting manager has always been on top of my emails and she honestly is the best in helping to explain all my related questions.
I highly recommend Tax Mechanic and I plan on continuing to use this company for the future.
I promise you will not be disappointed .
Thank you Fraser and Maria.” – Rayn
Exemplary service
“This is a very well run company and has all the right options for any situation. I worked with Maria, Janice and Fraser who all helped me navigate through the CRA while making a comeback from disabling cancer treatments and not filing for a few years. Everyone on this team is absolutely amazing! They provided exemplary service and support for both my business and personal taxes. The Tax Mechanic gave the best advice and very professional and timely with all aspects. Very impressed by Fraser as he is also a philanthropist and has helped many over the years. Would highly recommend their services to anyone as they are kid considerate and caring ! Very Well Done Tax Mechanic…” – Maria
8. Sami Ghaith – SDG Chartered Professional Accountants
| Criteria | Rating |
| Client Servicing | ★★★★★ (5/5) |
| Consultant’s Experience | ★★★★★ (5/5) |
| Consultant’s Reputation | ★★★★★ (5/5) |
| Range of Services | ★★★★☆ (4/5) |
SDG Chartered Professional Accountant is composed of a team of experts in tax and accounting. At the helm is its principal, Sami Gaith, whose skills in tax and business consultancy have helped high-net worth individuals and corporations.
Sami has several corporate work experiences prior to setting up SDG in 2014. He worked in different fields in various capacities such as a chief financial officer and in accounting and consultancy.
If you are a dual citizen, Sami can help you with your tax returns. Aside from being a CPA, he also got a certification in handling US taxation so even US tax credits are claimed by Canadians.
Three other accountants support Sami to deliver professional and detailed services. They can figure out difficult tax situations and achieve resolution in a few weeks.
We like the fact that they give clients a checklist so they don’t miss out on any tax information. The data is used to determine maximum tax benefits and identify great savings opportunities.
The company offers a 10-minute free consultation but is often extended to accommodate more queries of clients. For longer consultations, it requires upfront payment and no flexibility on cancellations.
With excellent customer service, this firm has seen a good number of clients retaining their services. SDG is highly recommended by the clients and us as well.
Pros
- Work experience covers finance, accounting and consultancy
- Worked with high-networth individuals and corporations
- Can handle the taxation of dual citizens
- Provides clients with a checklist so no tax information is missed out
Cons
- Quick 10-minute free consultation
- Upfront paid consultation
- No flexibility in cancellations
Customer Reviews
Super professional and very responsive
“They are excellent! I run my own digital marketing business and couldn’t be bothered to do my own taxes. A friend recommended this firm to me and I was more than happy with the outcome! Super professional, very responsive, and knew the answers to my questions. Will definitely be using them from here on out!” – Christian
Trustworthy services
“Sami and company are great!
I’m not the biggest fish in the pond, by any measure, but I was meant to feel that way by SDG. Everyone was very professional, timely and super-efficient. Sam provided all the answers that I needed to do the right thing, and look our for my needs with the clearest trajectory. No need to fear a bill out of the gate, initial consultations are free.
Here’s who you want to trust, and where you want to be.” – Mark
FAQs on Tax Consultants
The best tax consultants are a big help in planning your financial activities. We hope you find the right one for you from our list!
For general counsel on matters of business, check out some of our other reviews:
