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. 



  • Mon, 26 Jun 2017 09:00:58 +0000

    What the loonie’s roller coaster ride means for your financial planning

    Jason Heath: Investors who have owned foreign investments have benefitted handsomely in recent years due to both performance and currency

  • Fri, 23 Jun 2017 18:51:01 +0000

    New rules having little impact on builders as new Toronto townhouses pass $1 million for first time

    Builders in Canada's largest city maintain they have been unaffected by Ontario measures to cool the market

  • Fri, 23 Jun 2017 18:43:48 +0000

    Stop using your TFSA to frequently trade stocks — the CRA may see it as taxable business income

    Jamie Golombek: You may be surprised to learn that your trading activity could constitute a business, even if it’s done inside a tax-free savings account

  • Fri, 23 Jun 2017 12:51:06 +0000

    Downsizing is key to this couple’s plan to trade the mountains for the coast in retirement

    Couple has lots to do to get ready for retirement from paying down line of credit to using up RRSP room

  • Wed, 21 Jun 2017 19:28:50 +0000

    Realtors’ internal numbers show Toronto home prices fell more than 6% in two weeks

    Sales also plummeted 50% in early June, wiping out about $2.5 billion in market activity

  • Tue, 20 Jun 2017 18:03:47 +0000

    Vulnerability of indebted households to hit ‘historic’ levels as rates rise, PBO warns

    Household debt service ratio expected to reach 16.3% in four years as higher rates further stretch Canadians’ capacity to pay down debt

  • Fri, 16 Jun 2017 17:44:52 +0000

    1% of population set to control half the world’s wealth by 2021

    Globally, 18 million households control more than US$1 million in wealth. These folks are just 1% of the world's population, but hold 45% of its wealth

  • Fri, 16 Jun 2017 16:36:44 +0000

    Think Toronto is bad? This $664,000 parking spot shows how crazy Hong Kong is

    Even in a city well accustomed to costly real estate, this price spiral has confounded the most experienced observers

  • Fri, 16 Jun 2017 15:40:31 +0000

    With assets tied up in real estate in the red, couple face retirement struggles

    Four rental condos might sound like a great idea in B.C.'s Lower Mainland, but this couple could end up using their pension to subsidize these money-losing properties

  • Fri, 16 Jun 2017 14:41:07 +0000

    What you need to know about coming clean with the taxman

    If you’ve ever omitted some income from your tax return, you may be interested in proposed changes announced last week to the CRA's Voluntary Disclosure Program (VDP).

  • Fri, 16 Jun 2017 11:48:35 +0000

    Toronto home prices haven’t fallen yet, but a major market indicator says they will soon

    The last time the sales to listing ratio fell this sharply was in the late 1980s, followed by a record price drop that took two years to play out

  • Fri, 16 Jun 2017 11:25:54 +0000

    Why it’s time for Canada’s financial industry to put the customer first

    Jason Heath: Why is government hesitating to force advisers to do what is right — to act in clients’ and customers’ best interests?

  • Thu, 15 Jun 2017 18:05:08 +0000

    CREA cuts its forecast for Ontario after Toronto home sales plummet 25% in May

    Ontario rule changes are taking a bite out of Toronto market and bringing down sales figures for the whole country

  • Wed, 14 Jun 2017 22:03:35 +0000

    Manitoba realtors have an answer for foreign home buyers, send them our way

    Hey Toronto and Vancouver, Manitoba has an answer to your foreign home buyer concerns: Realtors in the province say you should start sending those purchasers their way

  • Wed, 14 Jun 2017 21:07:33 +0000

    Ontario led decline in housing affordability in first quarter, says Desjardins study

    Affordability in Ontario fell by nearly double the national average, or 6%, but even Quebec, with the highest number of cities earmarked as affordable, saw its rating fall by 0.2%

  • Wed, 14 Jun 2017 15:48:58 +0000

    Canadians owe $1.67 for every $1 of disposable income and the $27.5 billion we borrowed in Q1 was mostly mortgages

    Canadian household debt as a share of income dipped in the first quarter but remained near record highs, says report

  • Wed, 14 Jun 2017 15:09:42 +0000

    Canadian overall home prices rose in May as Toronto soared: Teranet House Price Index

    Prices were higher in all 11 cities included in the index, led by a 3.6 percent increase in Toronto and a 3.1 percent rise in nearby Hamilton

  • Tue, 13 Jun 2017 21:58:11 +0000

    Vern Krishna: Beware the net worth assessment

    You really, really don't want to have a net worth assessment happen to you

  • Tue, 13 Jun 2017 20:34:01 +0000

    Percentage of foreign homebuyers has not fallen since tax: Charles Sousa

    A move by Queen's Park to introduce a provincial tax of 15 per cent on non-residents has the support of 81 per cent of Ontarians

  • Tue, 13 Jun 2017 20:19:40 +0000

    Your pet is property, not a child, so don’t expect visitation rights if you split up

    Laurie H. Pawlitza: Many separating couples believe that decisions about their pets should be dealt with as a custody and access dispute. Unfortunately, they're wrong

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Peter Koutroulakis




Robert Pellegrino CPA, CGA

905-761-8080 ext. 224



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