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. 



  • Thu, 25 May 2017 21:51:14 +0000

    ‘No good reason for that’: Finance Minister Bill Morneau outlines plans to catch tax avoiders

    Morneau said he needs co-ordinated action with the provinces to find out who owns corporations, because only 10 per cent of companies are federally incorporated

  • Thu, 25 May 2017 19:26:56 +0000

    Confronting the ‘wonderful’ problem of the too-large RRSP

    Baby Boomers could be facing a big tax hit when it comes time to draw down their RRSPs. But there are ways to minimize the damage.

  • Thu, 25 May 2017 18:05:54 +0000

    Global sales of luxury homes cooled in 2016 despite record sales of US$100 million-plus mansions

    Despite the sluggish sales growth, Christie's says luxury home prices continued to rise last year, increasing about 2 per cent from a year earlier

  • Thu, 25 May 2017 12:50:51 +0000

    Toronto bidding wars turn to homebuyers’ remorse as market gets nervous

    After a double whammy of government intervention and the near-collapse of Home Capital, sellers are rushing to list their homes and buyers are rethinking purchases

  • Wed, 24 May 2017 16:50:07 +0000

    New detached homes now selling for $1.8 million as Toronto market shows no signs of cooling

    Builders say they are still not able to keep up with demand, despite provincial measures to cool the real estate sector

  • Tue, 23 May 2017 20:08:42 +0000

    70 per cent of people living in Ontario have homes that are too big or too small for their household

    There are five million unused or spare bedrooms in Ontario

  • Tue, 23 May 2017 04:01:43 +0000

    More than half of Canadians say they aren’t financially prepared if interest rates jump, expenses rise: survey

    The survey also found 70% of mortgage holders are not able to handle a 10% increase in payments, and the problem seems to extend across all generations

  • Fri, 19 May 2017 20:16:32 +0000

    Beware the big tax hit that could be lurking in your basement if you decide to rent it out

    Renting out your basement is a great way to help with mortgage payments, but it may limit your principal residence exemption if you go on to sell your home

  • Fri, 19 May 2017 18:39:24 +0000

    Dream of that single-family home in the suburbs fading fast as highrises move in

    Living in the burbs ain’t what it used be as the search for affordability pushes people farther away from major cities and farther into the sky

  • Fri, 19 May 2017 17:39:05 +0000

    Ontario is reportedly going to overhaul its pension funding obligations and ease rules

    The changes come a year after Ontario began a review of funding needs for pension sponsors, after having to provide temporary relief in 2009 and 2012 to offset plunging returns

  • Fri, 19 May 2017 15:15:26 +0000

    Mining magnate Frank Giustra takes a break from producing Blade Runner sequel to return to his first love — mining

    Vancouver-based Frank Giustra marks a return to the resource sector after a half-decade hiatus during the commodities downturn

  • Fri, 19 May 2017 11:56:35 +0000

    Job security concerns cast shadow over prosperous couple’s retirement plans

    Nearing 40, this Ontario couple are lucky to have ample income and solid assets, but the husband lacks job security

  • Thu, 18 May 2017 15:25:32 +0000

    Five tips to make sure that you’re getting the best deal from your bank or financial institution

    Recent questions in the media about aggressive sales tactics are a good reminder to be on top of your financial services and to consider shopping around

  • Wed, 17 May 2017 21:39:49 +0000

    Financial challenges mount for millions of Canadians because of income volatility, new study finds

    More Canadians are having trouble making ends meet, let alone planning for the future, because their monthly income can fluctuate by 25% or more

  • Wed, 17 May 2017 16:06:25 +0000

    World’s rich confident of navigating global risk ‘without so much as a dent’ in their finances

    Some 82 per cent of those surveyed said this is the most unpredictable period in history. More than a quarter are reviewing their investments

  • Tue, 16 May 2017 22:00:00 +0000

    ‘Legendary fear of missing out’: Millennials aren’t writing off the home ownership dream just yet

    Record real estate prices just may be making young Canadians more cautious — and even more creative — when it comes to buying in

  • Tue, 16 May 2017 20:49:20 +0000

    When it comes to support payments, ‘first families first’ is the general rule

    Laurie H. Pawlitza: When about 40% of married couples divorce and more than 80% remarry, this is a common problem, and it is often left up to the courts to decide where to draw the line

  • Tue, 16 May 2017 18:48:35 +0000

    Only 40 per cent of business owners have transition plan in place, says new report

    Jonathan Chevreau: Not surprisingly, the wealthier the business owner, the more attention is paid to wealth transfer planning, says the report

  • Mon, 15 May 2017 18:41:39 +0000

    Toronto housing sales slip 6.7%, listings spike as new rules cool the market

    In nearly two-thirds of all local markets across Canada, sales fell, led by the decline in the Greater Toronto Area

  • Mon, 15 May 2017 15:12:03 +0000

    Most sweeping rent controls in 25 years could end up making Toronto housing more expensive if building halts

    Ontario’s decision to tighten rent controls puts $6.5 billion in potential rental investment at risk, say developers

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Peter Koutroulakis




Robert Pellegrino CPA, CGA

905-761-8080 ext. 224



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