Talbot & Associates

What Talbot & Associates does

Talbot & Associates CPA is a privately held Canadian chartered professional accounting firm headquartered in Winnipeg, Manitoba, with eight offices across Manitoba and one in Thornhill, Ontario. Founded in 1991, the firm operates a relationship-driven professional services model serving individuals, small and medium businesses, and specialized vertical segments including agricultural operations and U.S.-Canada cross-border taxpayers. The firm reports serving over 500 farm clients annually and over 700 U.S. cross-border clients, with bilingual English/French service capability concentrated in rural Manitoba.

The firm's service portfolio spans the full accounting stack: personal (T1) and corporate (T2) tax preparation, assurance engagements (audit, review, compilation), bookkeeping, payroll, financial statement preparation, tax consulting, succession and estate planning, and specialized child care centre accounting. Education-enabled revenue streams include Business Tax Seminars offered in Manitoba and Ontario. The firm's technology stack is modest and conventional — QuickBooks Online integration, a CCH-based client portal for document exchange, CRA online representative authorization flows, and online payment processing — with no proprietary software, AI tooling, or API platform. A three-step review process (Preparation, Senior Review, Partner Final Check) is the primary operational differentiator.

The business model is traditional professional services: fees are quoted and agreed upon before work begins, billed predominantly on a pay-as-you-go, project-based cadence with no subscription pricing. Go-to-market relies on referrals, long-tenured client relationships, educational content (tax savings video library, free resources, seminars), and physical office proximity. The firm is independently owned by its partner group with no disclosed outside equity, no subsidiaries, and no M&A activity. Distribution is direct through in-person and virtual channels, with a website (talbotcpa.ca) serving as the primary digital front door.

Name

Talbot & Associates

Legal name

Talbot & Associates CPA

Website

https://talbotcpa.ca

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

51–100 employees

Short description

Talbot & Associates CPA is a privately held Canadian accounting firm serving 500+ farm clients, 700+ U.S.-Canada cross-border taxpayers, and small businesses across eight Manitoba and Ontario offices, with full-service tax, bookkeeping, payroll, assurance, and advisory offerings.

Ownership category

akta.pro rank

Headquarters

HQ city

Winnipeg

HQ country

Canada

HQ region

North America

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Tax Preparation and Filing Services: One-time fee services for personal tax (T1), corporate tax (T2), farm tax, and US cross-border tax returns. Fees quoted upfront and agreed upon before work begins.
2. Bookkeeping and Payroll Services: Ongoing bookkeeping, extended bookkeeping support, and payroll service including T4 preparation. Recurring service engagement.
3. Educational Workshops and Seminars: Business Tax Seminars offered in Manitoba and Ontario for $125 per individual, with group pricing. Generates revenue from educational content delivery.
4. Financial Statement Preparation: Year-end file preparation, audit, review and compilation engagements. Statement preparation with client education included.
5. Online Payment Processing: Secure online payment system for invoicing with minimum payment starting at $10.00. Also accepts Interac e-Transfer and credit union direct payments.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Talbot & Associates is a full-service Canadian CPA firm offering personal tax preparation (T1), corporate tax filing (T2), bookkeeping and payroll services, assurance engagements, financial statement preparation, succession and estate planning, and specialized U.S.-Canada cross-border tax services. The firm also delivers business tax seminars and QuickBooks Online integration support to individual and small business clients across Manitoba, Ontario, and nationwide via virtual services.

Product overview

Talbot & Associates is a full-service CPA accounting firm offering a comprehensive suite of tax, assurance, and advisory services. The firm operates as a unified service practice rather than a software product platform. Core offerings include personal tax (T1), corporate tax (T2), farm/agricultural accounting, US cross-border taxation, bookkeeping and payroll services, financial statement preparation, succession planning, and CRA audit representation. The portfolio includes specialized verticals for agriculture, child care centres, and estate planning, complemented by educational workshops and QuickBooks Online integration support. Services are delivered across eight Manitoba and Ontario offices with bilingual (English/French) capability.

Differentiator

Problem solved

Functional benefit

Products and services

• T1 – Personal Tax
• T2 – Corporate Tax
• Farm Tax Service
• US Tax Services
• Bookkeeping Services
• Extended Bookkeeping Services
• Payroll Services
• Financial Statement Service
• Assurance Services
• Tax Consulting
• Estate Tax Preparation Service
• Succession Planning
• Child Care Centre Accounting
• Business Tax Seminar
• IT Services

Quantifiable outcome

• Serving over 500 farms annually across Manitoba
• +3 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• H&R Block Canada: Consumer-focused tax preparation franchise with growing digital platform. Not a direct competitor for ag or cross-border niches, but competes for mass-market T1 volume.
• Cross-border Tax Specialists (e.g., UFile, Wealthsimple Tax): Digital-first tax platforms and robo-advisory firms pushing into self-serve cross-border tax filings. Threatens the entry-level US/Canada tax book while leaving complex engagements to Talbot.

Direct peers

• BDO Canada LLP: Canadian member of BDO Global; mid-to-large full-service CPA firm offering assurance, tax and advisory across Canada. Comparable multi-service offering, geographic coverage and SMB-to-mid-market client base.
• Collins Barrow (legacy brand, now Baker Tilly): Legacy Canadian mid-market accounting network (folded into Baker Tilly) with strong Manitoba/Ontario presence. Historical peer for regional full-service CPA firms of Talbot's size.
• MNP LLP: One of Canada's largest mid-market CPA firms with the country's deepest agriculture and resource-sector practices. Directly comparable on vertical specialization (Ag), Canadian geography and full-service tax/assurance model.
• Grant Thornton Canada: Canadian mid-tier international accounting firm providing audit, tax and advisory. Comparable in size, SMB-to-mid-market focus and multi-office Canadian delivery model.
• Baker Tilly Canada: Canadian mid-market CPA network formed via merger of several regional firms; strong in agribusiness, manufacturing and assurance. Closest scale analog to Talbot's regional mid-market positioning.

Broad incumbents

• KPMG Canada: Big-4 firm with broad Canadian practice across ag, energy, and SMB advisory. Larger, more diversified competitor overlapping on cross-border tax and assurance.
• PwC Canada: Big-4 professional services firm with Canadian offices and dedicated international tax practice. Competes for higher-end cross-border tax and audit work.
• Deloitte Canada: Big-4 firm offering assurance, tax and consulting with growing focus on private mid-market and US/Canada cross-border tax. Overlaps with Talbot on assurance, US tax and succession planning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/talbot-associates-cpa-ontario
• Xx.com/talbotassociate
• Facebookfacebook.com/TalbotAndAssociates

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 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 Talbot & Associates