VFSP

What VFSP does

VFSP was a privately-held, single-location accounting firm headquartered in Laval, Quebec, Canada, founded circa 2008 (per firmographic data) and operating with a small team of 3-4 professionals — notably CPA Mélanie Bonneau, accounting technician Nathalie Bélanger, and technician Diane Léveillé. The firm delivered professional accounting, bookkeeping, tax advisory, financial assistance, and R&D funding support services to small and medium-sized businesses in the Laval region and to clients engaged in innovative or R&D-intensive projects requiring specialized tax and financing guidance. Services were delivered face-to-face at the 455 Cartier Blvd. West office, leveraging a referral-driven, relationship-based go-to-market motion in which the firm's "vast network of contacts" connected clients with specialized partners in accounting, taxation, and financing.

The firm monetized through professional services fees described as "competitive" and "based on results obtained," implying quote-based, performance-oriented engagement pricing rather than standardized rate cards or subscription tiers. There is no evidence of a proprietary technology platform, software product, or recurring SaaS revenue stream; VFSP functioned as a traditional CPA advisory practice, with technology limited to standard productivity tools supporting client delivery. Customer acquisition relied on professional referrals, word-of-mouth, and a bilingual (English/French) website (vfsp.ca) rather than paid digital or outbound marketing channels.

Following founder Louis Farley's retirement on May 1, 2025, VFSP transferred all client relationships and operations to Nadon Lemay Desrochers LLP (NLD), with the entire VFSP team continuing at the successor firm and email addresses migrated to nldcpa.com. As a result, VFSP has ceased independent operations and the standalone entity is effectively closed, while the underlying practice, client base, and personnel continue under the NLD brand. No external funding, M&A activity, or geographic expansion was pursued during the firm's operating history.

Name

VFSP

Legal name

VFSP

Website

https://vfsp.ca

Company type

Private

Founded year

2008

Operating status

Closed

Headcount range

1–10 employees

Short description

VFSP was a privately-held CPA accounting firm in Laval, Quebec, providing bookkeeping, tax advisory, and R&D funding support to small and medium-sized businesses. The firm operated with 3-4 professionals via a referral-driven model until ceasing independent operations in May 2025.

Ownership category

akta.pro rank

Headquarters

HQ city

Laval

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Professional Accounting Services: VFSP generates revenue through professional accounting services including bookkeeping, financial assistance, taxation advisory, and R&D support for clients. Fees are described as competitive and based on results obtained, suggesting performance-oriented pricing.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

VFSP is a professional accounting firm providing bookkeeping, financial assistance, taxation advisory, and R&D/government funding support services to local businesses primarily in the Laval, Quebec region. The firm differentiated itself through a human-centered approach, a broad professional network for specialized referrals, and competitive fees based on results obtained. Following founder Louis Farley's retirement on May 1, 2025, client relationships and team members were transitioned to Nadon Lemay Desrochers LLP (NLD).

Product overview

VFSP is an accounting firm that operated as a single-service practice offering professional accounting, financial assistance, and R&D advisory services. The firm served clients in Laval, Quebec, Canada. Following the retirement of founder Louis Farley on May 1, 2025, the firm transitioned its operations and client relationships to Nadon Lemay Desrochers LLP (NLD), with team members Melanie Bonneau (CPA), Nathalie Bélanger (Accounting Technician), and Diane Léveillé continuing their work at the new firm. VFSP did not operate as a software product company but rather as a professional services practice.

Differentiator

Problem solved

Functional benefit

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Nadon Lemay Desrochers LLP (NLD)coreStrategic or Co-development Partner · 1 May 2025Following Louis Farley's retirement on May 1, 2025, VFSP entrusted all clients to Nadon Lemay Desrochers LLP (NLD). All VFSP team members continued their work within the new firm. Brigitte L'Ecuyer, CPA Partner at NLD, serves as the primary contact for transitioned clients. VFSP team emails now use nldcpa.com domain.

Scale indicators2 records

Recent moves3 records

Expansion highlights1 record

Broad incumbents

• BDO Canada: Major Canadian accounting and advisory firm offering bookkeeping, tax, and R&D tax credit services across the country. Overlaps with VFSP's service mix but at much broader scale and geographic reach.
• Deloitte Canada: Big Four firm providing tax, audit, and consulting services across Canada. Comparable in category but operates at enterprise scale rather than the SME niche VFSP served.
• PwC Canada: Big Four firm providing assurance, tax, and advisory services including R&D tax incentives. Operates in the same broad professional services category as VFSP but at materially larger scale.
• KPMG Canada: Big Four accounting firm in Canada offering audit, tax, and advisory services including R&D and innovation incentives. Overlaps with VFSP at the high end of the Quebec SME market but serves much larger clients.
• MNP LLP: One of Canada's largest accounting and business advisory firms with deep Quebec presence. Competes for the same SME and mid-market clients as VFSP on accounting, tax, and advisory services, but at significantly greater scale.

Regional players

• Raymond Chabot Grant Thornton: Quebec-headquartered accounting and advisory firm within the Grant Thornton network. Directly comparable to VFSP in serving Laval-area SMEs with accounting, tax, and R&D/innovation support services.
• Groupe RDL: Quebec-based chartered professional accounting firm serving SMEs across the province with bookkeeping, tax, and advisory services. Comparable regional competitor for Laval-area SME accounting clients.
• Mallette: Quebec-based accounting and advisory firm serving SMEs and mid-market businesses in the province. Closely aligned with VFSP's regional Quebec positioning and SME-focused service offering.

Direct peers

• Baker Tilly Canada: Mid-tier Canadian accounting and advisory network serving SMEs and owner-managed businesses. Closely comparable to VFSP in service scope (accounting, tax, advisory for smaller enterprises) and client profile.
• Nadon Lemay Desrochers LLP (NLD): The accounting firm that absorbed VFSP's clients and team on May 1, 2025. Operates as a regional Quebec CPA practice offering accounting, tax, and advisory services, making it the closest direct comparable and effective successor.

Market position

Strengths1 record

Weaknesses3 records

Competitive moat3 records

Key risks5 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/vfsp-ca

Revenue estimate

Valuation estimate

Number of profiles

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 VFSP