KBFP LLP is a Licensed Public Accounting firm of Chartered Professional Accountants in Vaughan, Barrie & Orangeville that provides an array of accounting, tax, assurance and business advisory services to Canadian companies.

Our firm provides consulting services, audit, review and notice to reader engagements, financial projections, corporate and personal tax preparation, estate tax preparation, sale, acquisition and business startup services, accounting software implementation, and much more.

We have the skills and knowledge to provide any of the accounting, tax and assurance services to meet clients needs.

We will bring your accounting to a virtual level.  We will simplify and make you more efficient using the latest cloud based solutions and apps.




At KBFP, we offer qualified accountants for audits, reviews or compilations to meet the needs of your business.

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Estate and trust taxation is a very specialized practice.

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Even the most qualified managers can benefit from competent, objective feedback.

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At KBFP, we offer a wide range of accounting services tailored to the needs of our clients.

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Cloud based accounting applications are here and are only getting better.  With the likes of QBO and XERO leading the charge.  There are countless 3rd party applications that digitize your accouting life.  For more information contact your local KBFP office.

The lifetime capital gains exemption on qualified small business shares has increased from $750,000 to $800,000 and indexed to inflation. If you are a small business owner contact us to find out how you can benefit from the exemption.

Statistics show that only 1/3 of all businesses transfer to the next generation and only 13% into the 3rd generation. If you have a business you would like to pass onto your children using the most efficient tax methods ask us about our recomended succession planning strategies.

Think you owe money to Canada Revenue Agency due to delinquent filings or reporting issues. Contact us to determine if you would be eligible to have the interest and penalties waived on owing.

KBFP can provide a business health check.  A business health check determines business performance as measured by its key performance indicators.  Let us show you the impact of every major business decision you will make before you make it. 



  • Fri, 20 Oct 2017 17:48:03 +0000

    Time is ripe for return of income averaging, tax study finds

    C.D. Howe says the ‘unfair’ tax penalty is worse for lower-income Canadians and small business owners

  • Fri, 20 Oct 2017 15:04:34 +0000

    With careful tax planning, this Alberta couple can retire early and still top $100,000 a year

    A good strategy for their significant savings is needed to achieve a five-star retirement

  • Wed, 18 Oct 2017 23:53:41 +0000

    ‘Will provide a lot of relief:’ Ottawa’s passive investment tweaks to ease business concerns, but questions remain

    The changes mean 97% of Canadian private corporations will not be affected by passive income tax, finance minister says

  • Wed, 18 Oct 2017 20:13:41 +0000

    How resilient is Canadian housing to a U.S.-style crash? Plunging oil prices? Here’s the CMHC stress test result

    With trade wars a possibility, Canada Mortgage and Housing Corp. added anti-globalization to its list of worst-case scenarios that could impact the country's property sector

  • Wed, 18 Oct 2017 19:36:30 +0000

    Generous parents take note: Gifts to your adult children could boost their support payments, if a marriage falters

    Court rules that the $50,000 a year a husband gets from his parents should be a factor in determining support payments

  • Wed, 18 Oct 2017 16:56:21 +0000

    Boomers slow to embrace online investing, but surprise, it’s not a technology thing

    The main reason Boomers balk is they fear they lack investment knowledge, but these days that’s not much of an excuse. Jonathan Chevreau explains

  • Wed, 18 Oct 2017 11:57:48 +0000

    What the new mortgage rules mean for the lending market

    Stress tests and a ban on mortgage bundling bad news for Canada’s non-prime lenders, RBC says

  • Tue, 17 Oct 2017 01:09:02 +0000

    What’s changed, what’s the same and what’s to come with the Liberal small business tax proposals

    The small business tax rate, which is currently at 10.5 per cent, will drop to 10 per cent on Jan. 1, 2018 and to 9 per cent on Jan. 1, 2019

  • Fri, 13 Oct 2017 17:03:14 +0000

    Canada housing market rebound seen in mid-2018 as sales rise for second month in a row

    Excluding Vancouver and Toronto, the average price was just over $374,500

  • Fri, 13 Oct 2017 15:40:10 +0000

    ‘Prosperous’ retirement possible if couple sells $230K cottage and takes property tax loan

    Nearing 60, this B.C. couple worries their investments and pensions will not sustain their retirement

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Peter Koutroulakis




Robert Pellegrino CPA, CGA

905-761-8080 ext. 224



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