Dublin, Oct. 17, 2024 (GLOBE NEWSWIRE) -- The "Tax Preparation Services in Canada - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)" report has been added to ResearchAndMarkets.com's offering.
This report covers the scope, size, disposition and growth of the tax preparation services industry in Canada, including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Revenue for tax preparation providers in Canada has steadily grown throughout 2023, driven by an increasing number of households earning $100,000 or more. The industry provides assistance to individuals and small businesses in completing, reviewing and filing tax returns. Industry operators review consumer financial documents, nominate appropriate deductions and claims, review files and send documents to the Canada Revenue Agency (CRA).
As the population grows and more people are expected to file their taxes, demand for industry services is expected to grow. As a result, industry revenue has been growing at a CAGR of 3.4% over the past five years and is expected to total $1.7 billion in 2023, when revenue will jump an estimated 5.8%.
The Tax Preparation Services industry in Canada provides tax return preparation services to individuals without also providing accounting, bookkeeping, billing or payroll process services. Although the offices of CPAs are excluded from this industry, basic knowledge of tax law and filing requirements is required.
Key Topics Covered
ABOUT THIS INDUSTRY
- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
PRODUCTS & MARKETS
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
COMPETITIVE LANDSCAPE
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
KEY STATISTICS
- Industry Data
- Annual Change
- Key Ratios
JARGON & GLOSSARY
A selection of companies mentioned in this report includes, but is not limited to:
- Intuit Inc.
- H&R Block Inc.
For more information about this report visit https://www.researchandmarkets.com/r/jc1k4g
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