Based on Statistics Canada report, most companies in Canada are small in terms of the number of employees they hire. Specifically, 54% of the companies employ less than 5 people and 95% of companies employ less than 50 people (Source: Statistics Canada, Business Register, December 2018). Hence, those small companies will have very limited resources which should focus mainly on its core business and therefore, they should outsource many services including accounting and bookkeeping services.