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, 21 Jul 2017 16:18:11 +0000

    What the new ‘income sprinkling’ rules mean for tax planning

    Jamie Golombek: When it comes to income sprinkling of salary income, the current tax rules are quite strict

  • Fri, 21 Jul 2017 15:38:55 +0000

    A model of financial prudence, but she’ll still have to cut costs to reach retirement goals

    Martha owns her Vancouver condo outright but it looks like she can fund her future plans without having to cash in

  • Wed, 19 Jul 2017 22:55:31 +0000

    Which foreign buyers are snapping up record amounts of U.S. real estate? Surprise, it’s Canadians

    Fuelled by domestic prices, Canadians bought record amounts of residential property in the U.S. over a 12-month period

  • Wed, 19 Jul 2017 19:15:53 +0000

    Ontario drivers, already paying the highest insurance rates in Canada, get dinged again

    Insurance rates that are already 55% higher than any other province rose on average another 0.76%

  • Wed, 19 Jul 2017 01:56:34 +0000

    How Ottawa’s crackdown on tax loopholes for the wealthy might affect you

    Ottawa is taking aim at three major loopholes commonly used by wealthy individuals to spread income among family members to create major tax savings

  • Tue, 18 Jul 2017 19:56:29 +0000

    Ottawa moves to end tax loophole favoured by rich professionals

    The Finance Minister plans to tighten rules that allow high earners like doctors and lawyers to incorporate in order to reduce their tax rate

  • Mon, 17 Jul 2017 20:17:36 +0000

    Canada’s home sales fall most in 7 years, as Toronto market plunges

    Sales across the country are down 6.7%, with the GTA leading the way with a 15% dive

  • Mon, 17 Jul 2017 19:22:25 +0000

    ‘Massive effort’ underway to create database that will shed light on Canada’s housing market

    StatsCan is gathering information on everything from prices to owner demographics on every property in the country to help shape future policy

  • Fri, 14 Jul 2017 16:28:28 +0000

    Harvesting cash from rental properties, small business, key to B.C. pair’s five-year plan

    In retirement, couple could handily exceed current monthly income making their dream of living on Vancouver Island a reality

  • Fri, 14 Jul 2017 15:24:03 +0000

    The Bruins couldn’t beat the Sens, but here’s how they scored on the IRS

    The victory to claim 100% of players’ meals on away games, unfortunately wouldn’t work in Canada, which has its own expenses quirks

  • Thu, 13 Jul 2017 20:39:56 +0000

    Consumers feel pinch as banks pass on full BoC hike, but not all the cuts

    Banks were quick to hike prime rates the full 0.25%, but when the Bank of Canada cut rates in 2015, consumers did not get the full discount. Some question why

  • Thu, 13 Jul 2017 16:27:57 +0000

    The temperature of Toronto’s cooling housing market just fell another couple of degrees

    It could take Toronto longer to bounce back than Vancouver as homebuyers face higher borrowing costs and the prospect of even tighter rules

  • Wed, 12 Jul 2017 19:26:49 +0000

    Foreign-bought real estate concentrated in Toronto and northern suburb after new tax

    There were 857 residential and agricultural real estate purchases by foreigners in the Greater Golden Horseshoe area in the month after a new tax on non-residents was introduced

  • Wed, 12 Jul 2017 14:37:27 +0000

    Toronto, Hamilton continue to fuel record gains in Canadian home prices

    Despite efforts to rein in hot markets, prices saw the biggest jump in the 19-year history of the index

  • Wed, 12 Jul 2017 14:23:06 +0000

    Let the gamification begin… a fintech revolution

    At Mogo Finance Technology, we believe that gamification will not only transform banking, but be the decisive factor in picking the fintech winners of the future.

  • Wed, 12 Jul 2017 11:00:08 +0000

    The four reasons that retirement is costing Canadians more than ever

    But despite soaring prices for some popular items at the grocery store, the broader cost of living is not the prime culprit

  • Wed, 12 Jul 2017 10:56:16 +0000

    You put an engagement ring on it, but now you want it back. Here’s what the courts say

    The law is far from clear on what should happen when engagements break up before anyone goes down the aisle

  • Tue, 11 Jul 2017 19:11:45 +0000

    Canadian home buyers are losing steam — and cash, as rate hike looms

    One of the country's hottest real estate markets in Toronto is slowing due to recent measures and in anticipation of an interest rate rise

  • Tue, 11 Jul 2017 18:39:35 +0000

    Stop, that morning latte could be delaying your retirement by 4 months, 17 days and 9 hours

    Want to know how much more or less time you will need to save for retirement based on what you spend? There’s a new app for that

  • Tue, 11 Jul 2017 08:01:13 +0000

    Modest rate hikes will have minimal impact on sales of top-tier homes: Sotheby’s

    A modest increase in the overnight lending rate will probably have very little impact on the Canadian housing market

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Peter Koutroulakis




Robert Pellegrino CPA, CGA

905-761-8080 ext. 224



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