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, 19 Oct 2018 16:14:40 +0000

    Rising rates and slowing economy expected to push Canadian delinquency rates higher by early next year

    'We do think cash flows are starting to be impacted' — Canada's largest credit reporting firm

  • Fri, 19 Oct 2018 15:37:01 +0000

    Ditch the dog walker and sell the house: Couple with too much debt must learn to live within means

    Couple who spend more than they make each month need to do some budget surgery for a chance at a modest retirement

  • Thu, 18 Oct 2018 20:28:39 +0000

    Time to do some active planning to beat the passive income tax changes

    The upcoming changes to the small business deduction could affect some corporations more than others

  • Tue, 16 Oct 2018 15:27:14 +0000

    Income declared on a tax return isn’t the last word when calculating child support

    For the self-employed, a tax return is just the starting point, with the level of scrutiny an individual faces in a claim for child support likely to be surprising and unpalatable

  • Fri, 12 Oct 2018 18:20:20 +0000

    Living dangerously: 36-year-old hopes high-risk job pays off in early retirement

    Jack is paid well for working in some of the world’s most hazardous places, but can he get out by 55?

  • Fri, 12 Oct 2018 16:54:09 +0000

    Income splitting is a dangerous tax game if you don’t know the rules

    Jamie Golombek: Our Income Tax Act has a variety of anti-avoidance rules meant to block attempts at income splitting, but there are exceptions to those rules

  • Fri, 12 Oct 2018 12:59:41 +0000

    Ontario scraps beer tax increase planned by previous Liberal government

    A three-cent-per-litre increase was planned to kick in next month

  • Tue, 09 Oct 2018 21:07:22 +0000

    OSFI to take new measures to address equity-based mortgage loans

    OSFI says some mortgage approvals still depend too much on the amount of equity in a home, and not enough on whether loans can actually be paid back

  • Fri, 05 Oct 2018 18:13:18 +0000

    The CRA is cracking down on aggressive manipulation of TFSAs and all other registered plans

    You could face a 100 per cent penalty tax on the fair market value of any 'advantage' that you receive

  • Fri, 05 Oct 2018 17:20:38 +0000

    Unemployment, $24,000-a-year drug costs threaten to devastate this couple’s retirement plans

    The good news is they have no debts — but the challenge lies in finding a way to maintain their way of life when neither works and their drug assistance ends

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Peter Koutroulakis




Robert Pellegrino CPA, CGA

905-761-8080 ext. 224



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