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Accounting Services for Small Businesses in Canada

We provide accounting and financial advisory services to help small businesses thrive and compete on a level playing field.

Full-Service Accounting Firm:

  • Full-service accounting and bookkeeping
  • Tax preparation and advisory
  • Controller services
  • Fractional CFO advisory
  • Capital raising
  • Tariff advisory
Watch Daryl Ching
founder of Vistance Accounting

Check out our Services Pages

Bookkeeping
tax
financial controller
fractional CFO

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Finalist for three Canada SME National Business Awards in 2024

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Vistance Customer Service Excellence Nominee 2024
Canadian sme - best small business sq

Vistance ACCOUNTING in the Press

How Carney Can Regain Confidence of Small Business Owners

How can Mark Carney regain the confidence of Canadian small business owners? Wealth Professional Canada Magazine explores this pressing question, and who better to weigh in on this than Daryl Ching? In the article, Daryl offers his insight into the economic challenges small businesses are facing, and he assesses how Carney’s proposed policies stack up. Click the link below for a thoughtful analysis on what it will take to restore confidence in Canada’s entrepreneurial backbone.
Watch Video

Five Things Small Businesses Are Focused on From a New Government

Today is election day in Canada. BNN Bloomberg TV is covering the election from many angles, but when it comes to the subject matter of how this election will affect small businesses, who better to talk about this than Daryl Ching? He sits down with Andy Bell and breaks down the 5 things small businesses are focused on, from a new government and gives his 2 cents on which party is more likely to deliver in each of the 5 things.
Watch Video
March 13 - Daryl BNN Bloomberg 2

Trump’s New Attacks Sounding Wake-Up Call For Canada: Expert

With Trump implementing 50% tariffs for Canadian steel and aluminum, BNN Bloomberg TV called Daryl Ching back to the studio, to continue their previous discussion about the importance of opening free trade between provinces in Canada. It can no longer be assumed that Canadian companies have access to the US market. It is a matter of survival to ensure we have a borderless market in Canada if we want to avoid the catastrophe of mass business failure across the country.
Watch Video
Are Premiers Finally Tackling Interprovincial Trade Barriers?

Are Premiers Finally Tackling Interprovincial Trade Barriers?

Trump's tariffs continues to be a huge concern for all Canadians, but Daryl Ching shows up as a guest on BNN Bloomberg's THE CLOSE to state his case that maybe in the long run...Trump's tariffs could be a blessing in disguise. His tariffs just may present a major opportunity for Canada: making our country an even better place to do business by eliminating interprovincial trade barriers. Trump has unintentionally sparked a wave of unprecedented patriotism, and Canadians are eager to buy Canadian. This could be better for Canada's economy than what we initially thought. Click the link for Daryl's commentary.
Watch Video
Beware the Big Bucks From Venture Accounting. They Aren’t For Every Startup

Beware the Big Bucks From Venture Capital. They Aren’t For Every Startup

For a startup, an institutional market of investors exists for companies that are looking to hit home runs, seeking explosive revenue growth and quick exits. However, the trade-off is often loss of control over the business. Daryl has written an opinion piece for the GLOBE AND MAIL, examining the collapse of Vancouver's Bench Accounting, which had raised more than US$100-million and serviced 11,000 small businesses. What went wrong? What lessons should we learn about the consequences of taking large equity investments from institutional investors, whose goals are misaligned with the founder’s vision. This article is a cautionary tale about the hidden risks of institutional funding and, more importantly, how companies can protect themselves.
Watch Video
Why Capital Gains Tax Changes Could Deter New Businesses

Why Capital Gains Tax Changes Could Deter New Businesses

Daryl Ching is the special guest on THE CLOSE on BNN BLOOMBERG TV, to provide his insight on the changes to capital gains tax and how it could impact new businesses starting up.
Watch Video
Impact of Prorogation on People and Businesses

Impact of Prorogation on People and Businesses

With the big news of Justin Trudeau stepping down, and Parliament shutting down until March 24, how will that affect individuals and businesses? BNN Bloomberg TV needed some answers, and they invited Daryl Ching as a guest on THE CLOSE to provide his insight on the situation.
Watch Video
Prorogation Has Further Muddled the Capital-Gains Tax Hike. Ottawa Must Pause it

Prorogation Has Further Muddled the Capital-Gains Tax Hike. Ottawa Must Pause it

With Justin Trudeau announcing his resignation, and Parliament shutting down until March 24, what does this mean for small businesses, heading into tax season? Daryl Ching wrote an opinion piece for the Globe and Mail about the effects of Prorogation.
Watch Video
GST Holiday to Create Headaches for Business

GST Holiday to Create Headaches for Business

Daryl Ching was a guest on THE CLOSE on BNN Bloomberg TV, where he's interviewed by Andrew Bell, to provide his insights on the GST Holiday and painted a picture of the impact it is likely to have on businesses across Canada.
Watch Video
How Carney Can Regain Confidence of Small Business Owners

How Carney Can Regain Confidence of Small Business Owners

How can Mark Carney regain the confidence of Canadian small business owners? Wealth Professional Canada Magazine explores this pressing question, and who better to weigh in on this than Daryl Ching? In the article, Daryl offers his insight into the economic challenges small businesses are facing, and he assesses how Carney’s proposed policies stack up. Click the link below for a thoughtful analysis on what it will take to restore confidence in Canada’s entrepreneurial backbone.
Read More
Five Things Small Businesses Are Focused on From a New Government

Five Things Small Businesses Are Focused on From a New Government

Today is election day in Canada. BNN Bloomberg TV is covering the election from many angles, but when it comes to the subject matter of how this election will affect small businesses, who better to talk about this than Daryl Ching? He sits down with Andy Bell and breaks down the 5 things small businesses are focused on, from a new government and gives his 2 cents on which party is more likely to deliver in each of the 5 things.
Watch Video
Trump’s New Attacks Sounding Wake-Up Call For Canada: Expert

Trump’s New Attacks Sounding Wake-Up Call For Canada: Expert

With Trump implementing 50% tariffs for Canadian steel and aluminum, BNN Bloomberg TV called Daryl Ching back to the studio, to continue their previous discussion about the importance of opening free trade between provinces in Canada. It can no longer be assumed that Canadian companies have access to the US market. It is a matter of survival to ensure we have a borderless market in Canada if we want to avoid the catastrophe of mass business failure across the country.
Watch Video
Are Premiers Finally Tackling Interprovincial Trade Barriers?

Are Premiers Finally Tackling Interprovincial Trade Barriers?

Trump's tariffs continues to be a huge concern for all Canadians, but Daryl Ching shows up as a guest on BNN Bloomberg's THE CLOSE to state his case that maybe in the long run...Trump's tariffs could be a blessing in disguise. His tariffs just may present a major opportunity for Canada: making our country an even better place to do business by eliminating interprovincial trade barriers. Trump has unintentionally sparked a wave of unprecedented patriotism, and Canadians are eager to buy Canadian. This could be better for Canada's economy than what we initially thought. Click the link for Daryl's commentary.
Watch Video
Beware the Big Bucks From Venture Capital. They Aren’t For Every Startup

Beware the Big Bucks From Venture Capital. They Aren’t For Every Startup

For a startup, an institutional market of investors exists for companies that are looking to hit home runs, seeking explosive revenue growth and quick exits. However, the trade-off is often loss of control over the business. Daryl has written an opinion piece for the GLOBE AND MAIL, examining the collapse of Vancouver's Bench Accounting, which had raised more than US$100-million and serviced 11,000 small businesses. What went wrong? What lessons should we learn about the consequences of taking large equity investments from institutional investors, whose goals are misaligned with the founder’s vision. This article is a cautionary tale about the hidden risks of institutional funding and, more importantly, how companies can protect themselves.
Read More
Why Capital Gains Tax Changes Could Deter New Businesses

Why Capital Gains Tax Changes Could Deter New Businesses

Daryl Ching is the special guest on THE CLOSE on BNN BLOOMBERG TV, to provide his insight on the changes to capital gains tax and how it could impact new businesses starting up.
Watch Video
Impact of Prorogation on People and Businesses

Impact of Prorogation on People and Businesses

With the big news of Justin Trudeau stepping down, and Parliament shutting down until March 24, how will that affect individuals and businesses? BNN Bloomberg TV needed some answers, and they invited Daryl Ching as a guest on THE CLOSE to provide his insight on the situation.
Watch Video
Prorogation Has Further Muddled the Capital-Gains Tax Hike. Ottawa Must Pause it

Prorogation Has Further Muddled the Capital-Gains Tax Hike. Ottawa Must Pause it

With Justin Trudeau announcing his resignation, and Parliament shutting down until March 24, what does this mean for small businesses, heading into tax season? Daryl Ching wrote an opinion piece for the Globe and Mail about the effects of Prorogation.
Read More
GST Holiday to Create Headaches for Business

GST Holiday to Create Headaches for Business

Daryl Ching was a guest on THE CLOSE on BNN Bloomberg TV, where he's interviewed by Andrew Bell, to provide his insights on the GST Holiday and painted a picture of the impact it is likely to have on businesses across Canada.
Watch Video
One Small Holiday for GST. One Big Headache for Businesses

One Small Holiday for GST. One Big Headache for Businesses

Daryl Ching of Vistance Capital shares his opinion with the The Globe and Mail about Justin Trudeau's half baked idea on the temporary two month GST/HST holiday ahead of the holiday season. It is likely the federal government did not consult businesses on this policy as turning off sales tax is not as easy as flicking a switch, especially if they have multiple product lines. Companies will be spending the next month figuring out how to implement this policy rather than focusing on their core business, and some may decide not to participate at all.
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What Does the Bank of Canada’s Rate Cut Mean for Small Businesses?

What Does the Bank of Canada’s Rate Cut Mean for Small Businesses?

Vistance shared its insights with Daniel Johnson at BNN Bloomberg on what the Bank of Canada's recent 50 bps rate cut means for small businesses. The rate has decreased by 1.25% from its peak bringing down the cost of borrowing to more viable levels for small businesses, hopefully a trend that will continue to pre-COVID levels. In other great news, the Liberal government is setting aside $2.4 billion in its upcoming budget to build capacity in artificial intelligence, Prime Minister Justin Trudeau announced. $300 million will be earmarked for small businesses looking to adopt AI. We will be keeping a close eye on this and advising our clients as soon as more information comes out.
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Ottawa Has Softened Its Capital-Gains Tax Hike. But It’s Still Not Enough

Ottawa Has Softened Its Capital-Gains Tax Hike. But It’s Still Not Enough

Vistance Capital has provided its insights to the The Globe and Mail through this commentary piece. Due to the backlash the federal government received from their capital gains announcement back in April, Freeland has announced in an increase in the lifetime capital gains exemption from $1MM to $1.25MM, and raised the 33% inclusion rate limit to $2MM by 2029. While this is a step in the right direction, this does not go far enough and the new rules remain a deterrent for new entrepreneurs to set up in Canada and a deterrent for existing business owners to stay in the country.
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BNN Bloomberg – The Close: Healthy Debt Market Crucial For Small Businesses: Ching

BNN Bloomberg – The Close: Healthy Debt Market Crucial For Small Businesses: Ching

Daryl Ching of Vistance Capital made a TV appearance on BNN Bloomberg - THE CLOSE, where he sat down with Andrew Bell to discuss the impact of Bank of Canada's rate cut on small businesses.
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Why Choose Vistance Accounting for Your Small Business?

Bookkeeper

  • Lower hourly rate, but often unable to handle complex transactions, ie:
    month-end adjusting entries, capital expenditures, inter-company transactions, FX, shareholder loans

  • May end up being more costly as an accountant will need to do adjustments

  • Not suitable if financials need to be presented to investors for financing

Typical Accounting Firms

  • Often only responsible for year-end financial statements and tax filings

  • Typically have higher overhead; therefore, handling day to day accounting not affordable for them because of their high-cost structure

  • Surprise fee hikes

  • Accounting professionals who have never worked in an operating business may lack business acumen

  • Usually not proactive

Vistance

  • Proactive accounting starts with understanding all your business goals

  • Assess your business and come up with a customized scope that’s optimal for your business, acting as a partner

  • Monthly review and presentation of financials with advice on how to improve

  • We provide cashflow planning

  • We alert our clients about grants and subsidies they may be eligible for

  • No surprise fee hikes

Testimonials

Working with Daryl and the Vistance team has transformed the way we are able to do business. Their professional approach and detailed analysis has helped us decide where to focus our efforts and their all-in-one accounting and approach has helped me spend more energy with my clients and patients.

Fiona, Rae and their team were able to provide the organized and expert accounting service we have been looking for. The regular team meetings makes it possible for us to decide which income streams to focus on.

I highly recommend their CFO services for any business owner clinician like myself.

- Dr. Julie Hwang,

Owner and Clinician, Aurum Medicine and Wellness Clinic
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Working with Daryl and the Vistance team has transformed the way we are able to do business. Their professional approach and detailed analysis has helped us decide where to focus our efforts and their all-in-one accounting and approach has helped me spend more energy with my clients and patients. Fiona, Rae and their team were able to provide the organized and expert accounting service we have been looking for. The regular team meetings makes it possible for us to decide which income streams to focus on. I highly recommend their CFO services for any business owner clinician like myself.

- James Tjan,

President & CEO of UpAuto
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Daryl and the Vistance team were a delight to deal with. Vistance helped us while we were in the middle of a very challenging situation. With rapid growth in our business and a gap in our internal accounting acumen, we were playing catch up on many fronts. Vistance helped us focus on the skill gaps we had, and managed to cover those off while we were able to develop and build out our infrastructure to accommodate. Today everything is tight, organized and we have a clear view on every aspect of our financial position. Daryl’s CFO and CEO perspective was a refreshing change to the historical accounting view of the world through “entries” rather than looking at the business as a living, breathing organism! Thank you, Daryl, and Vistance!!

- Michael Carmichael,

Owner and Clinician, Aurum Medicine and Wellness Clinic
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Daryl and his team have been a godsend. Our business was scaling very quickly when we were introduced to Daryl and our accountant/bookkeeper at the time could not keep up. We were also in the middle of raising our Series A and required very specific financial documents in a short period of time. His team came on board and did a full audit of our financials, cleaned up mistakes that were made in previous years, and developed processes that would help in developing a successful profitable business. They sat with us in our office and learned about the fine details of our business and our goals. Now we consider Daryl and his team as part of the business. His eye when analyzing financial models is like no other. He really takes the time to learn every aspect of the business before developing a model and giving advice.

- Stacey Boguslavskaya,

CMO/Co-Founder of Lunata
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We have been clients of Vistance Capital for over 2 years now. I have nothing but incredible things to say about working with them, especially having little to no accounting or bookkeeping background. They have been so helpful and informative in helping us build our brand from the ground up, building a strong financial model that is so easy for us to understand. Daryl has really acted almost like a fractional CFO for us, which at this stage of the game has been invaluable, giving us tips and strategies on where we should be putting our cash, based on how we’re doing. They are so on top of all of the little things that need to be done every month. We never feel like we need to reach out to them for anything; they’re always the first ones reaching out, to check in on us, and make sure everything is moving forward with the brand. We just feel like we’re in the best of hands with Vistance Capital, and highly recommend them as an accounting, bookkeeping, and financial advisory firm for your small business.

- Victoria Marshman,

Co-founder of Mave and Chez
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