Accountancy Practice Business for sale in Canada

Public accounting and use of CPA designations are regulated provincially. Confirm ownership, firm registration, permit, responsible-member and professional-insurance rules with the applicable CPA body before choosing an asset or share purchase structure.

Not always. Review engagement terms, provincial professional rules and privacy obligations, then plan client notices or consents. Separate firm records from client-owned documents and preserve required retention, confidentiality and secure-destruction controls.

Do not assume they will. CRA access depends on client authorization and the representative's account or business arrangement. Build a controlled reauthorization plan so tax work can continue without sharing the seller's credentials.

Analyse recurring fees by client, service, partner and year, not just total billings. Review losses after prior staff departures, upcoming engagement renewals, client age and concentration, then tie deferred consideration to collected retained revenue.

Map each employee's credentials, client relationships, chargeable hours, compensation and notice obligations. Confirm who reviews regulated work, then budget market pay and retention incentives instead of treating the seller's drawings as replacement labour cost.

Review practice-inspection findings, remediation, independence conflicts, complaints, claims and professional-insurance history. Sample engagement letters, work in progress, unbilled time and overdue accounts to identify weak files or revenue that may not be collectible.