Wallace Zou
Toronto, ON (CAN)
Role(s):
Zousys Inc.
Find More Startups
Startup
Location:
Toronto
Industry:
Accounting
Year Founded:
2006
Number Employees:
INVALID
Description:
This is an opportunity in the Individual Income Tax Returns electronic filing business. At an average annual growth rate of 16%, the industry is stable with hundreds of million dollars revenue each year, which is shared by only 14 industry players (Check here). Canada Revenue Agency (CRA) aggressively promotes electronic filing and has a healthy relationship with the industry.
The company was federally incorporated in 2003. The product is a web-based tax filing system, and was NetFile certified by CRA in 2004 and 2006. The system platform is flexible, modular, extensible and robust. The product requires minimal operating cost with no physical distribution, thus provides high margin. With 4 years experience in the industry, we comprehend the industry protocol and CRA requirements. Our kn