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Tax Preparation Services in Newfoundland

Author.Name IBISWorld Canada Last Updated: March 2025 NAICS NL54121dCA

Tax Preparation Services in Newfoundland industry analysis

Revenue for the Tax Preparation Services industry in Newfoundland And Labrador is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to xx locations over the past five years. Industry employment has increased an annualized x.x% to xxx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to decline an annualized x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to decline -x.x% to xx locations over the next five years. Industry employment is expected to decrease an annualized -x.x% to xxx workers during the outlook period, while industry wages likely decrease -x% to $x.x million.

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About the Tax Preparation Services in Newfoundland Market Research Report

What’s Included in the Tax Preparation Services in Newfoundland Market Research Report

Definition of the Tax Preparation Services in Newfoundland?

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.

What’s included in the Tax Preparation Services in Newfoundland?

The Tax Preparation Services in Newfoundland includes client income and tax return preparation services, business tax preparation services and assissted software tax preparation services. Related terms covered in the Tax Preparation Services in Newfoundland industry report includes canada's administration body for tax laws, online self service option that permits users to authorize the cra to periodically withdraw tax and electronic tax filing option that enables consumers to file their personal income taxes directly to the cra.

Industry Performance of the Tax Preparation Services industry in Newfoundland

Benchmark the Tax Preparation Services in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Tax Preparation Services in Newfoundland

#9 in Highest Revenue 0.8% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Tax Preparation Services in Canada


Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Tax Preparation Services industry in Newfoundland

See how key industry drivers, such as private investment in non-residential construction, new business formation, gross domestic product, national unemployment rate, number of households earning $100k or more and number of adults aged 20 to 64 are impacting Tax Preparation Services in Newfoundland

Newfoundland Economic Indicators

Private Investment in Non-Residential Construction
New Business Formation
Gross Domestic Product

View more economic information in NL State Economic profile

Canada Key External Drivers

National unemployment rate
Number of households earning $100K or more
Number of adults aged 20 to 64

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Tax Preparation Services industry in Newfoundland

Access proprietary data on Census Metropolitan Area in the Tax Preparation Services in Newfoundland, such as St. John's, Corner Brook and Bay Roberts. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Tax Preparation Services industry in Newfoundland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Tax Preparation Services industry in Newfoundland in 2025?

The market size of the Tax Preparation Services industry in Newfoundland is $13.6m in 2025.

How many businesses are there in the Tax Preparation Services industry in Newfoundland in 2025?

There are 44 businesses in the Tax Preparation Services industry in Newfoundland, which has been growing at an average annual rate of 0.9% from 2020 to 2025.

Has the Tax Preparation Services industry in Newfoundland grown or declined over the past 5 years?

The market size of the Tax Preparation Services industry in Newfoundland has been declining at an average annual rate of -2.3% from 2020 to 2025.

How many employees in the Tax Preparation Services industry in Newfoundland in 2025?

There are 202 employees in the Tax Preparation Services industry in Newfoundland, which has been growing at an average annual rate of 0.8% from 2020 to 2025.