MyPract vs Thomson Reuters Onvio and Practice CS: An Honest Comparison for Indian Firms
By the MyPract team · Updated 2026-10-05
Short answer: Thomson Reuters Onvio Firm Management starts at CA$2,450 a year for one user (about ₹2.5 lakh a year for 10 users on Essentials) and is built around UltraTax CS for US returns. MyPract costs ₹12,000 a year for 10 users and includes full engagement workflow on every plan.
Last updated 5 October 2026. Prices exclude GST. CA$1 ≈ ₹69 (approximate; check before publishing). MyPract is our product, so we link competitor claims to their sources and list where each competitor is stronger. Converted rupee figures exclude bank forex charges and 18% GST on imported services.
Thomson Reuters sells two practice management products. Practice CS is the long-established desktop and hosted system inside the CS Professional Suite, priced by quote (SocialAtoZ). Onvio Firm Management is the cloud product, built to work with UltraTax CS. Both are strongest for firms preparing US or Canadian returns.
Thomson Reuters publishes Onvio pricing only in Canada, so that is the figure we compare.
MyPract vs Onvio / Practice CS at a glance
| MyPract | Onvio Firm Management (Canada list price) | |
|---|---|---|
| Base price | ₹6,000/yr for up to 5 users | Essentials CA$2,450/yr incl. 1 user; Advanced CA$4,325/yr incl. 1 user (Thomson Reuters Canada) |
| Extra users | ₹1,200/user/yr (to 30) | CA$140/user/yr (Essentials), CA$210 (Advanced) |
| Project tracking | Full engagements with dependencies and task rules | "Very light" on Essentials; full on Advanced |
| Client portal | Free, shareable link | Included (portals, document management) |
| Trial | 3 months, no card | Free trial offered in Canada; US pricing is sales-led |
| Hosting | India (Mumbai) | Thomson Reuters cloud; confirm region |
| Tax integration | None | UltraTax CS (US) |
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Start your free trialAnnual cost by team size
| Team | MyPract | Onvio Essentials | Onvio Advanced |
|---|---|---|---|
| 5 users | ₹6,000 | CA$3,010 (≈ ₹2.08 lakh) | CA$5,165 (≈ ₹3.56 lakh) |
| 10 users | ₹12,000 | CA$3,710 (≈ ₹2.56 lakh) | CA$6,215 (≈ ₹4.29 lakh) |
| 20 users | ₹24,000 | CA$5,110 (≈ ₹3.53 lakh) | CA$8,315 (≈ ₹5.74 lakh) |
Onvio figures use Thomson Reuters Canada's published formula (base fee plus each additional user). MyPract adds a ₹3,000 one-time setup fee below 15 users unless waived during trial.
Where MyPract is stronger
- Cost. A 10-person Indian firm pays ₹12,000 a year on MyPract versus roughly ₹2.5 lakh on Onvio Essentials.
- Engagement workflow on every plan. Onvio's entry tier offers only light project tracking. MyPract includes dependencies, task rules and checklists on every plan.
- India hosting and DPDP focus.
- Training included. One SourceForge reviewer wrote: "They asked me to pay $750 to learn how to use Onvio" (SourceForge). MyPract includes implementation consulting from 15 users.
Where Thomson Reuters is stronger
- UltraTax CS integration for US returns.
- Document management and e-signature inside the Onvio suite.
- Enterprise depth in Practice CS: WIP, staff scheduling and firm reporting for large US firms.
Who should choose which?
Choose Onvio or Practice CS if you prepare US or Canadian returns on UltraTax CS.
Choose MyPract if your clients are Indian and you want engagement and billing control at a fraction of the cost.
Frequently asked questions
How much does Onvio cost?
In Canada, Essentials is CA$2,450/yr including one user, plus CA$140 per additional user. US pricing is by quote.
Is Practice CS cloud-based?
It is available on-premise and hosted; Onvio is the cloud-native product.
Does MyPract integrate with UltraTax?
No.
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Start your free trialSources
[1] SocialAtoZ (socialatoz.com)
[2] Thomson Reuters Canada (thomsonreuters.ca)
[3] SourceForge (sourceforge.net)