Canada    FinTech Guide    Chapter 10    Canada


10. Accounting
Canada  Canada

There are no social or political reservations towards modern accounting services.



Legal Affairs


It depends what services are being provided. If the fintech is providing simple accounting programs or bookkeeping services the rules and regulations are fairly nominal. However, to the extent the fintech is providing accounting services, accounting services are controlled by the various professional accounting associations.



Economic Conditions


No data available.



Miscellaneous


As stated above, to the extent the services being provided are platforms for companies to perform their own accounting services then the regulations are light. If the services extend to traditional accounting services then the rules and regulations of the professional accounting associations will come into play.



Contributing Authors

Miller Thomson LLP

Nora F. Osbaldeston
Toronto, Canada


Shibley Righton LLP

William L Northcote
Toronto, Canada

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Chapter Index:


1. Payment Services / Mobile Payment

2. Asset and Portfolio Management

3. Consulting and Broking Services / Robo-advisory / Auto-trading

4. Trading Platforms / Social Trading Platforms / Signal Following

5. Crowdfunding / Crowdinvesting / Crowdlending

6. Virtual Currency - Bitcoin

7. Loan Services / Factoring / Loan Broking / Finetrading

8. Online Banking Services

9. Analytics and Research / Data Management / Risk Management

10. Accounting

11. Identification

12. Online-pawning

13. InsurTech

14. RegTech

15. Initial Coin Offerings (ICOs)

Disclaimer:
The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.

Publication Date: 1 May 2018