Differences of a bookkeeper, accountant and tax law specialist

By on Mar 22, 2016

Many people believe that they understand the tax system, their rights and who can assist according to what it is they need done. However, there is some uncertainty when it comes to some of this information which us as Canadian Citizens have the right to know and reap. Also, one might be unclear as to the differences of a bookkeeper, an accountant and a tax law specialist.

This blog has been created to provide a clear understanding of the difference between the three professions.

Firstly, when it comes to the definition of a bookkeeper, the Canadian Bookkeepers Association and Human Resources Development Canada state the following:

“Bookkeepers maintain complete sets of books, keep records of accounts, verify the procedures used for recording financial transactions, and provide professional bookkeeping services. The term bookkeeper refers to a person who can complete a full set of books up to and including a trial balance.”

Secondly, when it comes to the definition of a Chartered Professional Accountants the official CPA website states this definition:

“CPAs play key roles within diverse segments of the economy including industry, public accounting, government, education and the not-for-profit sector. They offer a strong set of accounting and managerial skills required for today’s complex and evolving environment…”

Lastly, when it comes to a tax law specialists they differ from these two professions due to the training and knowledge in the area of tax law. Specifically focusing on Canadian tax law and rights, providing clients with solutions and assistance to various issues such as audits, tax litigation, corporate taxation and personal taxation among other areas. A tax law specialist is also constantly up to date with current tax laws and regulations which go changing continuously. There is a level of representation when it comes to the client and the tax expert when it comes to Canada Revenue Agency. In PVTAX’s case we represent our clients with situations from phone calls to defending the client in person.