How Much Does a Fractional CFO Cost?
When businesses grow past the DIY stage of managing finances but aren’t quite ready to hire a full-time Chief Financial Officer, a fractional CFO can fill the gap—bringing expert-level strategy, cash flow management, and financial insight, at a fraction of the cost of a full-time hire.
But what exactly does a fractional CFO cost in Canada? And how do pricing models work?
Let’s break it down.
What Is a Fractional CFO?
A fractional CFO is a senior financial expert who works with your business on a part-time, contract, or project basis. Instead of paying a six-figure salary to a full-time CFO, you pay only for what you need—whether that’s a few hours a week, a few days a month, or support during a specific growth phase.
Common Fractional CFO Pricing Models
Fractional CFO pricing depends on the scope of work, business size, and frequency of support. Most providers use one of these models:
1. Hourly Rate
Ideal for ad hoc or short-term projects
Rates typically range from $150–$350/hour
You pay only for the hours worked
2. Monthly Retainer
Best for ongoing support
Usually starts from $2,000 to $10,000+/month, depending on complexity and volume
Includes a set number of hours per month
3. Project-Based Pricing
Used for one-time needs like investor prep, due diligence, or budgeting overhaul
Can range from $5,000 to $25,000+ depending on deliverables
4. Fixed Package
Some fractional CFOs offer tiered pricing—such as:
Starter: $2,000/month (basic reporting, cash flow)
Growth: $5,000/month (financial modeling, forecasting)
Strategic: $8,000+/month (board reporting, capital strategy, team oversight)
Factors That Influence Cost
Not all businesses need the same level of support. Here’s what typically affects your fractional CFO cost:
Business size and complexity
Volume of transactions
Industry-specific needs (e.g., SaaS, manufacturing, service-based)
Whether bookkeeping is already handled
Level of strategic involvement required
Is a Fractional CFO Worth the Cost?
While the monthly fee may seem high, a fractional CFO can help you:
Avoid cash flow crises
Improve profitability
Get funding-ready
Make data-informed decisions
Save thousands in missed opportunities or tax inefficiencies
For growing businesses, the return on investment can far outweigh the cost.
How to Choose the Right Fractional CFO
When comparing providers, ask:
What’s included in the monthly fee?
Do they specialize in your industry?
Can they scale with your business?
Do they offer strategic insight—or just reporting?
Final Thoughts
If your business has outgrown basic bookkeeping but isn’t ready for a full-time CFO, fractional support could be the smart in-between. Pricing varies depending on needs, but with the right fit, a fractional CFO pays for themselves in better decisions, less stress, and real results.
Not sure what level of CFO support your business needs?
Let’s talk through it. Book a free 15-minute consultation to see if fractional CFO services are the right fit for your stage of growth.
