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Tax Preparation Services in Ontario

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS ON54121dCA

Tax Preparation Services in Ontario industry analysis

Revenue for the Tax Preparation Services industry in Ontario is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to x,xxx locations over the past five years. Industry employment has increased an annualized x.x% to x,xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to x,xxx locations over the next five years. Industry employment is expected to increase an annualized x.x% to x,xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Tax Preparation Services in Ontario Market Research Report

What’s Included in the Tax Preparation Services in Ontario Market Research Report

Definition of the Tax Preparation Services in Ontario?

The Tax Preparation Services industry in Canada provides tax return preparation services to individuals without also providing accounting, bookkeeping, billing or payroll process services. Although the offices of CPAs are excluded from this industry, basic knowledge of tax law and filing requirements is required.

What’s included in the Tax Preparation Services in Ontario?

The Tax Preparation Services in Ontario includes client income and tax return preparation services, business tax preparation services and assissted software tax preparation services. Related terms covered in the Tax Preparation Services in Ontario industry report includes canada's administration body for tax laws, online self service option that permits users to authorize the cra to periodically withdraw tax and electronic tax filing option that enables consumers to file their personal income taxes directly to the cra.

Industry Performance of the Tax Preparation Services industry in Ontario

Benchmark the Tax Preparation Services in Ontario industry performance with all ON Census Metropolitan Area and national performance.

Tax Preparation Services in Ontario

#1 in Highest Revenue 49.6% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Tax Preparation Services in Canada


Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Tax Preparation Services industry in Ontario

See how key industry drivers, such as gross domestic product, private investment in non-residential construction, bachelorsed, national unemployment rate, number of households earning $100k or more and number of adults aged 20 to 64 are impacting Tax Preparation Services in Ontario

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
BachelorsEd

View more economic information in ON State Economic profile

Canada Key External Drivers

National unemployment rate
Number of households earning $100K or more
Number of adults aged 20 to 64

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Tax Preparation Services industry in Ontario

Access proprietary data on Census Metropolitan Area in the Tax Preparation Services in Ontario, such as Toronto, Ottawa - Gatineau and Hamilton. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Tax Preparation Services industry in Ontario

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Tax Preparation Services industry in Ontario in 2025?

The market size of the Tax Preparation Services industry in Ontario is $822.8m in 2025.

How many businesses are there in the Tax Preparation Services industry in Ontario in 2025?

There are 2,389 businesses in the Tax Preparation Services industry in Ontario, which has been growing at an average annual rate of 3.9% from 2020 to 2025.

Has the Tax Preparation Services industry in Ontario grown or declined over the past 5 years?

The market size of the Tax Preparation Services industry in Ontario has been growing at an average annual rate of 2.1% from 2020 to 2025.

How many employees in the Tax Preparation Services industry in Ontario in 2025?

There are 11,241 employees in the Tax Preparation Services industry in Ontario, which has been growing at an average annual rate of 3.7% from 2020 to 2025.