Management reporting
Balance sheet, income statement, and variance commentary on a fixed monthly calendar, plus the payroll and software-spend analyses that actually explain where the burn goes.
Fractional CFO in Toronto
Senior, CPA-led finance leadership for Toronto startups and scaling companies, a few days a month instead of a $350,000 hire. Board-ready reporting, runway you can trust, and a partner for the raise.
Schedule a consultFractional CFO services in Toronto
Executive finance leadership, sized to your stage
Toronto produces more venture-backed companies than any other Canadian city, and almost all of them hit the same wall between seed and Series B: investors want reporting the team cannot produce, the runway number changes depending on who you ask, and the founder is building board slides at midnight. A full-time CFO is the wrong answer at that stage; the role does not fill a week. A fractional CFO is the right one: the same scope (close oversight, forecasting, board reporting, fundraising) delivered on a monthly rhythm at a fraction of the cost. We have built and run that rhythm across 70+ tech and Web3 projects and 20+ entities under monthly management.
What you get
The monthly deliverables, not just the advice
Cash and runway forecasting
A rolling forecast, 13-week cash flow when runway is tight, updated with actuals every month, so hiring, pricing, and raise timing are tested against a model instead of a bank balance.
Board and investor packages
Quarterly packages a director reads in twenty minutes: KPI trends, budget versus actual, runway scenarios, and commentary that answers the three questions every board asks before they ask them.
Fundraising and transactions
Three-statement models, data rooms, and diligence support for priced rounds, scoped as projects on top of the retainer. The person running the raise already knows your numbers cold.
Who we support
Toronto companies we work with
SaaS and technology startups from seed through Series B. Companies expanding into the US or adding a second entity, where cross-border structuring decisions get expensive if made casually. Web3 and digital-asset companies, supported by our dedicated crypto accounting practice in Toronto. And founder-led businesses where finance has outgrown the founder but not yet justified a $350,000 hire.
How it works
The first 90 days, then the rhythm
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Scoping call
Entities, stage, investors, and the state of the books. You get a defined scope and a monthly price before committing.
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Month one: diagnosis
An entity and obligation map, a books assessment with any cleanup scoped separately, and a close calendar with named owners.
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Month two: infrastructure
The monthly close lands on schedule, the reporting package reaches you and the board, and a driver-based forecast replaces the static spreadsheet.
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Month three: strategy
With reliable numbers flowing, the conversation moves to runway scenarios, hiring plans, pricing, and raise timing.
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The ongoing rhythm
Monthly reporting, quarterly board packages and reforecasts, annual budgets, and standing access for the decisions in between.
Why Convoy
Why Toronto founders choose Convoy Finance
We are CPAs with 22+ years of collective experience, rated on Google by the founders and finance teams we work with, and we publish how we work instead of hiding it behind a sales call: see what a fractional CFO actually delivers month by month, what one costs in 2026, and when a full-time hire beats us. One firm covers the stack: CFO advisory, monthly accounting, and cross-border tax, so the gaps between three separate providers stop being your problem.
Serving Toronto and beyond
We work with companies across the Greater Toronto Area, from the Financial District and King West to Mississauga, Markham, and Waterloo Region, in person when it matters and remotely for the monthly rhythm. Clients with entities in the US, the UAE, and offshore jurisdictions are our daily work. In Quebec? See our fractional CFO services in Montreal.
Fractional CFO questions Toronto founders ask
What does a fractional CFO do?
A fractional CFO delivers the same scope as a full-time CFO on a part-time cadence: monthly close oversight, management and board reporting, cash and runway forecasting, fundraising support, and financial strategy. The deliverable rhythm is concrete: a reporting package every month, a reforecast every quarter, and senior judgment on the decisions in between.
How much does a fractional CFO cost in Toronto?
The 2026 market range is roughly $3,000 to $12,000 per month depending on entity count, complexity, and cadence. Our monthly CFO advisory starts at $3,500 per month, with project work such as fundraising support priced separately. That compares to $350,000 or more fully loaded for a full-time CFO hire in the Toronto market.
When should a startup hire a fractional CFO?
The common triggers: a priced round on the horizon, investors asking for reporting you cannot produce, a second entity or jurisdiction being added, the founder spending more than a day a week on finance, or cash decisions being made on gut feel. If two or more of those sound familiar, the engagement pays for itself quickly.
Fractional CFO or full-time CFO: which do we need?
Count the hours honestly. If CFO-level work (forecasting, board material, structuring decisions, fundraising) averages under two days a week, fractional wins on cost by roughly five to one. When the work genuinely fills every week, typically past $20M revenue or post-Series B, hire full-time, and we will say so when you get there.
Do you work in person in Toronto or remotely?
Both. The monthly rhythm runs on cloud tooling (Xero, QuickBooks, shared dashboards), and we attend board meetings and key sessions in person in Toronto when it matters. Most engagements settle into a mix: remote for the routine, in the room for the decisions.
Do you replace our bookkeeper or accountant?
No. A fractional CFO sits above the bookkeeping, not instead of it. We can work with your existing bookkeeper, or provide monthly accounting under the same roof so the close, the reporting, and the strategy stop living in three different firms.
Can you support our fundraise?
Yes, and it is one of the most common reasons Toronto founders engage us: three-statement model, defensible forecast, data room preparation, diligence responses, and investor reporting after the round closes. Fundraising support is scoped as a project from $5,000, separate from the monthly retainer.
We have entities in more than one country. Can you handle that?
That is our core strength. Our clients operate across 8 jurisdictions including Canada, the US, and the UAE, and we handle intercompany agreements, transfer pricing coordination, consolidated reporting, and the filing calendars that multi-entity groups accumulate.
Do you work with Web3 or crypto companies?
Yes. We run a dedicated crypto accounting practice, so a fractional CFO engagement can include token treasury policy, wallet-level books, and launch structuring. If that is your world, see our crypto accountant in Toronto page for the specialist side.
How fast can we start, and what happens first?
Typically within two weeks of the scoping call. Month one is diagnosis: an entity and obligation map, a books assessment, and a close calendar. Month two the reporting rhythm lands, and by month three the conversation is strategy, not cleanup.
Get a CFO who already knows your stage
Book a free consultation with a CPA who works with founders every day. We will map your accounting, tax, and CFO needs in one call.
Schedule a consult