Romanovsky & Associates

What Romanovsky & Associates does

Romanovsky & Associates LLP is a privately held, partner-owned Canadian chartered professional accounting firm headquartered in Edmonton, Alberta, with a second office in Toronto, Ontario. Founded in 1971 by Selwyn (Ram) Romanovsky, FCPA, FCA, the firm serves clientele across Alberta, British Columbia, and Ontario, and was built from a starting complement of four employees into a current staff of more than sixty accountants and administrative personnel. The firm is structured as an Alberta Limited Liability Partnership and is co-managed by partners including Anna Januszczak, Darcy Anderson, Ernest Pheh, and Rick Minhas in Edmonton, and Dale Romanovsky in Toronto, supported by a layer of senior managers and associates across both offices.

The firm delivers an integrated suite of professional services: corporate tax planning and compliance (covering GST, T2s, T4s, T5s, T1135 and other T-slips), personal tax planning with income-splitting and RRSP strategy, assurance engagements, business plans with projections and cash flows, and business financing facilitated through established relationships with banks, venture capital providers, and secondary financing communities. The client engagement layer runs on the CCH iFirm client portal, used for secure document submission and client communication. Go-to-market is sales-led and relationship-driven, with new clients acquired primarily through referrals, direct partner outreach, and the firm's regional professional reputation as CPAs.

The firm pursues a deliberate vertical segmentation strategy rather than a horizontal SMB mass-market motion, serving Medical, Television and Film, Oil and Gas, Builders and Developers, Real Estate, Non-Profit, Agriculture, and Technology clients. It positions itself as a training office for articling and co-op students with in-house mentorship, and long-tenured client relationships — some maintained across the founder's 40+ year career — drive retention. There is no external institutional ownership, no public funding rounds, and no disclosed M&A; ownership is internal among partners and the firm operates without public revenue disclosure.

Name

Romanovsky & Associates

Legal name

Romanovsky & Associates LLP

Website

https://romanovsky.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

Romanovsky & Associates LLP is a privately held Canadian chartered professional accounting firm providing corporate and personal tax compliance, assurance, business advisory, and financing services to clients across multiple verticals in Alberta, BC, and Ontario via offices in Edmonton and Toronto.

Ownership category

akta.pro rank

Product category

Chartered Professional Accounting Services

NAICS

Offices of Certified Public Accountants (541211), Other Accounting Services (541219)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Audit & Assurance Services (BPAHABAA)

Keywords

• Chartered accounting services
• Corporate tax compliance
• Personal tax planning
• Assurance and audit
• Business financing advisory

Headquarters

HQ city

Edmonton

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Professional Accounting Services: Billable professional services including tax compliance and planning, assurance/audit, business advisory, and financing assistance. Services provided to corporations, proprietors, and individuals.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Romanovsky & Associates LLP is a chartered professional accounting firm providing corporate tax compliance and planning (GST, T2s, T4s, T5s, T1135), personal tax planning, assurance services, business plan preparation with projections and cash flows, and business financing advisory. Services are delivered through offices in Edmonton, Alberta and Toronto, Ontario to corporations, proprietors, and individuals across Alberta, British Columbia, and Ontario.

Product overview

Romanovsky & Associates LLP is a Chartered Professional Accounting firm offering a unified suite of accounting and tax services. The core service portfolio consists of Corporate Tax Planning & Compliance, Personal Tax Planning, Assurance, Business Plans, and Business Financing. These services are delivered through a client portal platform (CCH iFirm) that provides secure document submission and client communication. The firm serves multiple industries including Medical, TV and Film, Oil and Gas, Builders and Developers, Real Estate, Non-Profit, Agriculture, and Technology across Alberta, BC, and Ontario.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate Tax Planning & Compliance Tax compliance and planning service covering GST, T2s, T4s, T5s, T1135, and other T-slip filings, combined with tax planning to minimize combined personal and corporate tax liability for Canadian corporations and proprietors.
• Personal Tax Planning Personal tax planning for individuals with corporations, proprietorships, or other business interests, using techniques such as income splitting, RRSP contributions, and private pension plans to minimize tax liability.
• Assurance Assurance engagement service that examines evidence supporting financial statement amounts, assesses accounting principles, and verifies accurate financial representation for Canadian businesses.
• Reviews Specific tax advice and review engagement support from chartered professional accountants for businesses undergoing review processes.
• Business Plans Preparation of business projections, cash flows, tax planning advice, and assistance arranging necessary financing through relationships with major financial institutions, for clients expanding or restructuring their operations.
• Business Financing Financing advisory service leveraging established contacts within banking, venture capital, and secondary financing communities to assist clients with purchasing or selling businesses and arranging financing.

Segments8 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• CRA (Canada Revenue Agency)coreOthersRegulatory relationship for tax compliance. Firm helps clients navigate CRA requirements including tax filing (GST, T2s, T4s, T5s, T1135) and ensures compliance with provincial and federal regulations.
• Major Financial InstitutionscoreStrategic or Co-development PartnerEstablished excellent contacts within banking, venture capital, and secondary financing communities. Relationships enable clients to purchase new entities or sell existing operations with financing arranged by the firm. Firm is invited to ongoing presentations dealing with entities looking to provide financing.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• MNP LLP: MNP is one of Canada's largest mid-market-focused accounting and business advisory firms, offering tax, audit, assurance, and business financing services across all provinces. Highly comparable to Romanovsky in service mix, with a significantly larger national footprint and broader industry coverage.
• BDO Canada LLP: BDO Canada is a top-tier mid-market accounting firm providing assurance, tax, and advisory services with deep sector specialization across Canada. Comparable in service breadth and multi-vertical approach, but with materially greater scale and geographic reach than Romanovsky.
• Grant Thornton LLP (Canada): Grant Thornton is a major mid-market accounting firm in Canada offering audit, tax, and advisory services with strong Western Canada presence. Comparable in serving mid-market clients with relationship-led engagement, but at substantially larger scale.
• KPMG Canada: KPMG is a Big Four accounting firm providing audit, tax, and advisory services across Canada with extensive industry specialization. Competes with Romanovsky for mid-market engagements in Oil and Gas, Real Estate, and other verticals but at vastly greater scale.
• Deloitte Canada: Deloitte is a Big Four firm offering assurance, tax, consulting, and advisory across Canada. Provides competition for larger clients in Romanovsky's verticals (e.g., Oil and Gas, Real Estate) and for top accounting talent in Edmonton and Toronto.

Direct peers

• Crowe Soberman LLP: Crowe Soberman is a Toronto-based mid-market CPA firm offering tax, assurance, and business advisory with strong specialization across industries. Closely comparable in size, service mix, and relationship-driven mid-market positioning to Romanovsky's Toronto office.
• Smythe LLP: Smythe is a Western Canadian CPA firm headquartered in Vancouver offering audit, tax, and advisory to mid-market clients across multiple industries. Highly comparable in scale, multi-vertical specialization, and West-coast orientation to Romanovsky's Edmonton practice.
• Wolrige Mahon LLP: Wolrige Mahon is a Vancouver-based mid-market CPA firm providing tax, assurance, and business advisory with vertical specialization. Comparable in scale and full-service accounting offerings, with similar relationship-driven culture.
• Fuller Landau LLP: Fuller Landau is a Toronto-based mid-market CPA firm offering tax, assurance, and advisory with industry specialization. Comparable in scale, service breadth, and multi-vertical approach, particularly relevant as a Toronto peer to Romanovsky's Ontario office.

Emerging players

• Avail CPA LLP: Avail CPA is a Canadian cloud-based accounting firm serving small businesses with modern technology and flat-fee pricing. Represents the emerging tech-enabled accounting model that competes for younger, smaller clients and pressures traditional firms like Romanovsky.

Market position

Competitive moat4 records

Key risks7 records

Customer concentration

• Facebookfacebook.com/share.php?u=https://www.romanovsky.com

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Romanovsky & Associates