Tax Accountant for Mutual Fund Representatives in Ontario and Across Canada
Commission for arranging the issue or transfer of a mutual fund is a financial service under ETA subsection 123(1), which makes it an exempt supply: no HST goes on your statement, and no input tax credit comes back on your rent, your CRM, your marketing or your car. We tell you whether you should be registered at all, we build your books from the dealer’s commission statement instead of the net deposit so administration fees and chargebacks are claimed as the expenses they are, we put a purchased book of business in Class 14.1 at 5% instead of expensing it, and we document the vehicle and home office claims before CRA asks. On incorporation, we model the tax both ways and confirm with your dealer and the regulator what is actually permitted. Whether you sell funds only, hold a separate insurance licence, run a branch or are buying someone else’s book — with AFFORDABLE flat fees.
AFFORDABLE Mutual Fund Representative Tax Accountant
A mutual fund representative is paid for arranging a financial service, and that single fact drives almost every tax question in the practice. Because selling a fund is a financial service as defined in ETA subsection 123(1), the commission is an exempt supply under Part VII of Schedule V. No HST is charged on it, it does not count toward the $30,000 small supplier threshold, and the part nobody explains at the start is that the tax you pay on the cost side never comes back. Rent, the CRM subscription, the financial planning software, client seminars, professional fees and the vehicle all carry HST that a registrant in a taxable business recovers and you do not. We meet reps every year who registered because somebody told them to, remitted on income that was never taxable, and claimed input tax credits that will be denied with interest the moment the file is looked at. At Gondaliya CPA, we specialize in commission income, exempt supply positions and book of business transactions for mutual fund representatives, providing AFFORDABLE flat-fee support that keeps you CRA-compliant and stops you paying more tax than you owe.
As a mutual fund representatives accountant, we work with dealing representatives of mutual fund dealers, dual-licensed advisors who also hold an Ontario insurance licence, branch managers, and advisors buying or selling a book of business, across Ontario and with year-round support rather than a once-a-year scramble. We tell you what your book actually pays you after the dealer’s deductions, where your unrecoverable HST is sitting, and what the incorporation question does and does not turn on.
Let us handle the numbers so you can focus on your clients and your book.
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Accounting That Understands How a Mutual Fund Practice Actually Works
A commission practice has no inventory, no crew and no fleet, and almost every tax question is about character, vehicle and recovery. Your revenue is exempt, so the HST on your costs is a permanent expense. Your deposit is already net of the dealer’s deductions. Your largest single purchase may be somebody else’s client list. And the question you are asked most often, whether the commission can be paid to a corporation, belongs to your dealer and your regulator before it belongs to your accountant. At Gondaliya CPA, we understand that reality and provide practical, advisor-focused solutions across Ontario.
Stay Compliant and Minimize Your Mutual Fund Practice Tax
For a mutual fund representative, staying onside with your dealer, the regulator and CRA and paying the least legal tax are the same job. We keep every filing on schedule while claiming every commission-practice dollar the return allows, so nothing is missed and nothing invites a reassessment.
Accounting & Tax Experts for Mutual Fund Representatives
- AFFORDABLE + Fully Registered CPA Firm
- Business and Corporate Tax Expert
- Small & Medium Business Expert
- Accounting, bookkeeping, and tax filing
- Certified CPA
- 1300+ 5-star Google reviews
- 30-Day Money-Back Guarantee
- 60-Day Fees Matching Policy
Why Choose Our Accounting Services for Mutual Fund Representatives?
Tax Planning — Exempt Supply & Deductions
We know the trade: the ETA subsection 123(1) exempt supply position, Class 14.1 at 5% on a purchased book, Class 50 at 55% on hardware, the vehicle and home office claims. We protect the $500,000 Small Business Deduction.
Consulting — Book Purchases & Structure
Our bookkeeping starts at the dealer’s commission statement, separates trailer revenue from new business, and models a book acquisition after tax and after financing before you sign.
CRA Representation — ITC and Expense Audits
When CRA denies input tax credits claimed against exempt commissions or challenges the car and home office, we prepare the response and pursue relief on Form RC4288.
Bookkeeping — Cash Flow & Succession
We build the cash flow that survives a chargeback quarter, produce the statements your book acquisition lender reads, and model the sale of your book years ahead.
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Mutual Fund Representative Clients
Mutual Fund Representative Tax and Accounting Services in Ontario
Corporate Tax Filing (T2) for Mutual Fund Representatives
Professional T2 preparation with trailing commission separated from new business, a purchased book in Class 14.1, hardware in Class 50, and CRA compliance on every line.
Bookkeeping & Accounting for Mutual Fund Representatives
Books built from the dealer’s commission statement rather than the net deposit, with administration fees and chargebacks claimed as the expenses they are.
Payroll Services for Mutual Fund Representatives
Assistant payroll with PD7A remittances, T4 slips filed on time, a reasonable family salary documented under ITA section 67, and WSIB handled.
GST/HST Filing for Mutual Fund Representatives
AFFORDABLE HST work that starts with whether you should be registered at all, and apportions inputs properly where part of your practice is genuinely taxable.
Tax Planning for Mutual Fund Representatives
Smart planning on the incorporation question, the salary and dividend mix, purchase timing on Class 50 hardware, and the exit structure years ahead.
Corporate Catch-Up Filing for Mutual Fund Representatives
File overdue T2 and HST years, rebuild the capital cost allowance pools and commission records, and get back into CRA compliance with accurate catch-up support.
CRA Audit Resolution for Mutual Fund Representatives
Expert support on denied input tax credits, vehicle and home office reviews and T4A matching letters, handled with confidence from the first letter.
CPA Financial Statements (Notice to Reader) for Mutual Fund Representatives
CPA-compiled financial statements that a book acquisition lender accepts, with the recurring trailer stream presented separately.
Incorporation Services for Mutual Fund Representatives
Full incorporation including NUANS, articles and share structure, once your dealer and the regulator have confirmed in writing what is permitted.
Catch-Up Bookkeeping Services for Mutual Fund Representatives
Years of commission statements, dealer deductions, chargebacks and practice expenses reconstructed and reconciled, so your deductions are finally claimed.
US Corporation & LLC Tax Filing for Mutual Fund Representatives
Cross-border filing where you or a shareholder is a US person, covering treaty positions, foreign tax credits and Form T1135 reporting.
Voluntary Disclosure Program for Mutual Fund Representatives
Come forward on input tax credits claimed against exempt commissions or unreported income before CRA calls, cancelling penalties through a Voluntary Disclosures Program application.
Accounting & Tax Services Tailored for Mutual Fund Representatives
Real, practitioner-level CPA expertise for dealing representatives of mutual fund dealers, dual-licensed advisors, branch managers and advisors buying or selling a book of business across Ontario — built for a practice whose revenue is exempt and whose costs are not.
- We prepare your T2 with GIFI on Schedule 100 and Schedule 125, separating trailing commission revenue, front-end commission, fee-based advisory revenue and insurance renewals onto their own lines so CRA’s matching program reads the return the way your dealer reported it.
- We claim capital cost allowance on Schedule 8 with the laptop, monitors and client-meeting hardware in Class 50 at 55%, office furniture and locked client-file storage in Class 8 at 20%, and application software in Class 12.
- We capitalize a purchased book of business to Class 14.1 and depreciate it at 5% rather than expensing it, because writing off the price of somebody else’s client relationships in one year is the reassessment we see most often on an advisor file.
- We report gross commission exactly as the dealer reported it and claim administration fees, platform charges and chargebacks separately as expenses, so the return agrees to the T4A slip instead of showing the net deposit and drawing a matching letter.
- We protect the $500,000 small business deduction under ITA section 125 at roughly a 12.2% Ontario combined rate, and monitor adjusted aggregate investment income against the subsection 125(5.1) grind before retained surplus quietly costs you that rate.
- We rebuild your books from the dealer’s commission statement rather than the bank feed, because the deposit already sits net of administration fees, platform charges and chargebacks, and every one of those deductions is an expense you are entitled to claim in full.
- We track trailing commission revenue separately from front-end commission and fee-based advisory revenue, so you can see what your existing book pays you each month whether or not you write a single new piece of business this year.
- We record every commission chargeback against the client and the month it belonged to, so a redemption inside the chargeback schedule appears as a known cost of carrying the book rather than an unexplained shortfall in the deposit.
- We capture rent, CRM subscriptions, errors and omissions premiums, continuing education and client seminar invoices through Dext and reconcile monthly in QuickBooks Online or Xero, keeping the six years of records ITA section 230 requires.
- We keep the assistant’s payroll, the vehicle log and the home office allocation on schedules that support themselves, so the three claims CRA tests first on a commission practice are already documented before anybody asks to see them.
- We set up payroll for your assistant in Wagepoint or QuickBooks Online, withholding income tax, CPP and EI and remitting on the PD7A by the fifteenth of the following month, because CRA’s late-remittance penalty on source deductions reaches 10%.
- We file the T4 slips and T4 Summary by the last day of February and reconcile them to every PD7A remittance made, so the payroll year closes cleanly instead of producing the mismatch letter that follows an unreconciled account.
- Where your spouse works in the practice, we set a salary that is reasonable for the hours and duties actually performed under ITA section 67, document the role and pay it properly, because an undocumented family salary is a denied deduction.
- We test whether an assistant paid by invoice is genuinely a contractor against the CRA guide RC4110 factors, because control over the work, who supplies the tools and the chance of profit decide that question and the invoice by itself never does.
- We monitor your Ontario payroll against the $1,000,000 Employer Health Tax exemption and confirm your WSIB position, so a practice that grows past one part-time assistant does not discover an unregistered obligation a year after it arose.
- We confirm in writing that commission for arranging the issue or transfer of a mutual fund is a financial service under ETA subsection 123(1) and an exempt supply under Part VII of Schedule V, so no HST belongs on your commission at all.
- We check whether you should be registered in the first place, because exempt commission income does not count toward the $30,000 small supplier threshold in ETA section 148, and a registration nobody needed creates returns, remittances and exposure out of nothing.
- We stop input tax credit claims on rent, CRM subscriptions, marketing and the vehicle where the revenue those costs support is exempt, because credits claimed against exempt supplies come back with interest the moment a reviewer opens the account.
- Where you genuinely supply something taxable alongside the commission work, we apportion inputs on a fair and reasonable method used consistently throughout the year under ETA section 141.01 instead of claiming everything or abandoning the claim entirely.
- We file the GST34 returns a genuinely mixed practice still owes, and where a registration was opened in error we close the account properly and correct the open periods rather than leaving it filing nil returns forever.
- We model the incorporation question on your actual numbers, comparing roughly 12.2% on the first $500,000 of active income against a personal rate reaching 53.53%, and we confirm with your dealer and the regulator what is permitted before anything is filed.
- We set the salary and dividend mix each year against your RRSP contribution room, your CPP position and the cash you actually withdraw, because a deferral only exists on the income you are genuinely able to leave behind.
- We time purchases of computer equipment in Class 50 at 55% and office furniture in Class 8 at 20% before your year-end where the deduction is worth most, rather than three weeks after it when it is worth nothing for twelve months.
- We plan a book of business acquisition around Class 14.1 at 5% and the financing cost, so you know what the purchase actually returns after tax rather than only what the trailer stream looks like gross on the vendor’s spreadsheet.
- We plan the exit years ahead, testing the $1.25M Lifetime Capital Gains Exemption under ITA 110.6 against purification and the two-year holding runway where shares are the vehicle and the transfer of the book is permitted.
- We file overdue T2 returns year by year, because late filing costs 5% of the balance owing plus 1% per month for up to twelve months and that clock does not stop while the file sits in a drawer.
- We rebuild the capital cost allowance pools from purchase invoices so Class 50, Class 8, Class 12 and Class 14.1 each carry the right opening balance before the first catch-up return is filed on top of an inherited mess.
- We reconstruct commission income from the dealer’s statements and the T4A slips already on file with CRA, so the catch-up years agree with what was reported to the agency instead of creating a second version of your income.
- We apply for relief from penalties and interest on Form RC4288 where a prior accountant’s error or a genuine personal circumstance caused the delay, and we make that case in writing rather than filing quietly and hoping nobody reads it.
- We bring the HST position onside at the same time, closing a registration opened in error or correcting the open periods of a genuinely mixed practice, so one cleanup covers both accounts instead of leaving the second one exposed.
- When CRA denies input tax credits claimed against exempt commission income, we reconstruct what was actually supplied, separate any genuinely taxable advisory work and argue the allocation under ETA section 141.01 instead of conceding the entire claim.
- When the vehicle claim is challenged, we rebuild the client-travel record from your calendar and your CRM, because a practice that genuinely drives to client meetings loses the deduction only where nobody wrote the kilometres down at the time.
- When gross commissions on the return do not agree to the T4A the dealer filed, we reconcile the dealer’s deductions line by line and show that the difference is administration fees and chargebacks rather than unreported income.
- When a home office claim is reviewed, we document the workspace, the proportion of the home it occupies and the client work performed there, so the allocation stands on evidence instead of on a percentage somebody picked years ago.
- We file a Notice of Objection within the 90 day deadline where a reassessment is wrong, and pursue relief on Form RC4288 where the penalties and interest followed an error that was never yours to begin with.
- We issue CSRS 4200 compilation engagement financial statements that a lender will actually read when you are financing a book of business acquisition against a recurring trailer stream rather than against hard assets you do not own.
- We present trailing commission revenue separately from new-business commission in the statements, because the lender is advancing against the part of your income that arrives every month whether or not you write anything new.
- We carry a purchased book of business on the balance sheet at cost less accumulated amortization with the Class 14.1 pool reconciled to it, so your tax return and your financial statements tell a lender one consistent story.
- We prepare the same package a mortgage underwriter asks a commission earner for, with two years of assessed income, the notices of assessment and statements that explain plainly what the dealer withheld before the money reached you.
- We disclose the errors and omissions coverage, the sponsoring dealer relationship and the chargeback exposure in the notes where a lender needs them, so those questions are answered upfront instead of delaying the advance by a month.
- We explain exactly what a corporation would and would not do for you on tax, then tell you plainly that whether your commissions may be paid into it is your dealer’s and the regulator’s decision, confirmed in writing before we proceed.
- Where incorporation is permitted and worthwhile, we handle the NUANS search, articles, minute book and share structure, and we register the company for payroll and for HST only where it genuinely earns taxable revenue.
- We roll existing assets into the company on a section 85 election filed on Form T2057 at elected amounts, so nothing on the way in triggers a disposition and a tax bill you never planned for.
- We design the share structure with any family participation tested against the tax on split income rules in ITA section 120.4 first, because a structure built without that analysis creates exactly the problem it was meant to avoid.
- We keep the shareholder loan account separate and current under ITA subsection 15(2), so money drawn out of the corporation does not become taxable income two years later because nobody was watching that account.
- We reconstruct years of commission statements, dealer deductions, chargebacks and practice expenses into clean monthly books, so you finally see what the book earns rather than what happened to land in the account after the dealer took its cut.
- We rebuild the asset schedule from receipts, putting the laptop and meeting hardware in Class 50, furniture in Class 8, application software in Class 12 and any purchased book of business in Class 14.1 where it belonged all along.
- We separate exempt commission revenue from any genuinely taxable advisory or administrative fee retroactively, because the HST answer for every open period turns on that split and it cannot be made honestly from a bank feed later.
- We set up QuickBooks Online or Xero alongside Equisoft connect or Maximizer so the going-forward books match the client list, and prior years stop being rebuilt from a shoebox every spring before the filing deadline.
- We recover the deductions sitting in personal accounts, on the personal credit card and in the vehicle, so two or three years of legitimate practice costs are actually claimed instead of being quietly abandoned as too hard to find.
- Where you hold clients or interests across the border, we handle the Canadian side of the filing and the treaty position, so the same income is not taxed twice and withholding is credited where it actually belongs.
- We file Form T1135 where the cost of your foreign property passes $100,000, because the penalty attaches to a form that carries no tax of its own and is charged simply for not having filed it.
- We report US-source dividends, interest and any US partnership income correctly on the Canadian return and claim the foreign tax credit, rather than leaving tax withheld at source as a permanent and avoidable cost.
- Where a shareholder or spouse is a US person, we flag the reporting that follows before a corporation is built around them, because that structure is far cheaper to design correctly than it is to unwind afterwards.
- We coordinate with your US preparer on the figures that must agree on both returns, including year-end balances and distributions, so two filings tell one consistent story to two revenue authorities instead of contradicting each other.
- Where input tax credits were claimed against exempt commission income for years, we come forward on a Voluntary Disclosures Program application on Form RC199 before CRA finds the pattern itself and assesses every open period with interest.
- An application accepted under the general program cancels penalties in full and gives roughly 50% interest relief, which across several open reporting periods is usually the difference between a manageable bill and a genuine crisis.
- Where commission income went unreported because it arrived net and nobody ever reconciled it to the T4A, we quantify the exposure first and disclose it with the calculation attached rather than with a vague admission.
- Where a book of business purchase was expensed instead of capitalized to Class 14.1, we correct the open years and restate the pool, so the deduction continues properly at 5% rather than being denied outright on review.
- We deal with CRA on your behalf from the first letter through to the closing assessment, so the disclosure is handled as a professional file rather than as a phone call you make yourself on a Tuesday afternoon.
Mutual Fund Representative Commission & Tax Check
Six quick questions on your commission bookkeeping, your exempt supply position, your input tax credits, a purchased book of business, your vehicle and home office records and whether it is time to look at incorporating. No fee shown.
1. Do your books start from the dealer’s commission statement rather than the bank deposit?
2. Has anyone confirmed in writing whether your commissions are an exempt financial service?
3. Have your input tax credit claims been tested against the exempt supply rules?
4. Is a purchased book of business in Class 14.1 rather than expensed?
5. Are your vehicle and home office claims supported by a log and an allocation?
6. Is your mutual fund practice incorporated?
Free CPA Consultation for Mutual Fund Representatives
Case Studies: Mutual Fund Representative Accounting & Tax
Toronto Mutual Fund Representative — The Credits That Were Never Available
The problem: A Toronto dealing representative had been registered for HST since the day the practice started, because a previous preparer treated commission income like any other self-employed revenue. No tax was ever charged on the commissions, which was correct, but input tax credits were claimed every quarter on office rent, the CRM subscription, financial planning software, marketing and the vehicle. Commission for arranging the issue or transfer of a mutual fund is a financial service under ETA subsection 123(1) and an exempt supply, so none of those credits were available, and eleven open reporting periods carried the same error.
What we did: We quantified the exposure period by period, reviewed whether any part of the practice supplied something genuinely taxable, filed a Voluntary Disclosures Program application on Form RC199 before CRA opened the file, and closed the registration that had never been required.
The result:
- 11 reporting periods corrected through a disclosure
- Penalties cancelled in full under the general program
- HST registration closed and the filing obligation ended
Mississauga Dual-Licensed Advisor — The Book That Was Expensed
The problem: A Mississauga advisor who sells both funds and insurance bought a retiring colleague’s book of business and paid $240,000 for the client relationships and the trailer stream behind them. The prior accountant put the entire amount through the income statement as a practice expense in the year of purchase. That is a capital outlay, not a current expense: the purchase price of a book belongs in Class 14.1 and is deducted at 5% a year. The claim as filed was the single largest deduction on the return and would not have survived a review.
What we did: We restated the open years, capitalized the $240,000 to Class 14.1, claimed the correct capital cost allowance in each year, reconciled the balance sheet carrying value to the tax pool, and corrected the financing interest treatment at the same time.
The result:
- $240,000 moved from expense to Class 14.1
- Deduction preserved at 5% instead of denied outright
- Tax pool and balance sheet reconciled to each other
Ottawa Advisor — The Deposit Was Not the Revenue
The problem: An Ottawa representative had books built entirely from the bank feed. Every month the dealer deposited one number, and that number was recorded as revenue. What the deposit did not show was the administration and platform fees the dealer withheld first, and the chargebacks taken back when clients redeemed early. Because those amounts never appeared anywhere in the records, they were never claimed as expenses, and the reported gross commission did not agree to the T4A the dealer had filed with CRA.
What we did: We rebuilt three years from the dealer’s commission statements in QuickBooks Online, recorded gross commission with every dealer deduction claimed separately, matched the result to the T4A slips on file, and set up a monthly process that starts at the statement rather than the bank.
The result:
- $18,400 of dealer fees and chargebacks finally claimed
- Reported gross commission now ties to the T4A
- 3 years rebuilt and a monthly process in place
Our clear, efficient process ensures every step is transparent, building trust and long-term client relationships.
Kickoff (Document Request)
Collect prior T1 and T2 returns, notices of assessment, dealer commission statements, the agent agreement, T4A and T4 slips, any book of business purchase agreement, insurance contracts, vehicle records and bank statements.
First 30 Days (Cleanup & Setup)
Set up QuickBooks Online or Xero with Dext alongside Equisoft connect or Maximizer, confirm the exempt supply position and the HST registration, and rebuild the Class 50, 8, 12, 10.1 and 14.1 pools.
Monthly Close
Commission statement to ledger with dealer fees and chargebacks claimed, trailer revenue split from new business, assistant payroll and PD7A, vehicle log and home office allocation updated.
Quarterly Planning Review
Salary and dividend mix, instalment position, RRSP room, hardware purchase timing across Class 50 and Class 8, book acquisition modelling, and the incorporation question against what your dealer permits.
Year-End Close & T2 Filing
Trial balance, financial statements with trailer revenue shown separately and the Class 14.1 book reconciled, capital cost allowance claimed on Schedule 8, T2 with GIFI, and CRA preparation.
Get Your Mutual Fund Practice Taxes Done Right Today
Affordable Pricing for Mutual Fund Representatives
We believe in clear, upfront pricing so you know exactly what to expect. All fees include HST.
- Tax Preparation (Corporation) — From $400
- Tax Return Filing (Corporation) — From $400
- Tax Compliance Audit — FREE CRA audit support for our clients
- Tax Strategy — FREE for our clients
- Accounting Base Plan — From $100 per month
- Bookkeeping Management — Free for our Accounting clients
- Financial Reporting — Free for our Accounting clients
- Business Formation — Flat $35
- Incorporation Process — Flat $35
- Entity Setup Assistance — Flat $35
- Full-Service Payroll — From $125 per month
Payment is by Interac e-Transfer to info@gondaliyacpa.ca only. Security question: Not Applicable, as auto-deposit is enabled.
Meet Your Lead Mutual Fund Representative Accountant
Meet your lead mutual fund representative accountant. As your commission income and corporate tax adviser, you deal with the same two people every year.
What Our Clients Say
1300+ five-star reviews from advisors, commission earners and financial services business owners across Ontario and Canada.
Serving Mutual Fund Representatives Across Ontario
Our CPA team provides specialized accounting and tax solutions for mutual fund representatives and commission-earning advisors throughout Ontario. We understand why an exempt supply costs you money on the input side, why the deposit is never the revenue, where a purchased book of business belongs on the return, and what CRA looks at first when it opens an advisor file.
Toronto (ON)
55 Queen St E Ste 1205, Toronto, ON M5C 1R6, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Mississauga (ON)
2100 Camilla Rd #716, Mississauga, ON L5A 2J8
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Brampton (ON)
4 Starhill Crescent, Brampton, ON L6R 2P9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Scarborough (ON)
24 Clementine Square, Scarborough, ON M1G 2V7, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Vaughan (ON)
19 Cabinet Crescent, Woodbridge, ON L4L 6H9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Oshawa (ON)
210 Durham St, Oshawa, ON L1J 5R3, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Ottawa (ON)
2090 Neepawa Ave a314, Ottawa, ON K2A 3L6, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Etobicoke (ON)
60 Stevenson Rd #1601, Etobicoke, ON M9V 2B4, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Hamilton (ON)
70 Starling Dr, Hamilton, ON L9A 0C5, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Guelph (ON)
1155 Gordon St, Guelph, ON N1L 1S8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Windsor (ON)
4387 Guppy Ct, Windsor, ON N9G 2N8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
North York (ON)
150 Graydon Hall Dr #912, North York, ON M3A 3B2, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Mutual Fund Representative Accounting & Tax FAQs
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Mutual Fund Representative Accounting & Tax Done Right.
Commission treated correctly as an exempt financial service under ETA subsection 123(1), input tax credits tested before they are claimed rather than after they are denied, books built from the dealer’s commission statement so administration fees and chargebacks are claimed in full, a purchased book of business capitalized to Class 14.1 at 5% instead of expensed, hardware in Class 50 at 55%, the vehicle and home office documented before CRA asks, and the incorporation question modelled both ways and confirmed with your dealer and the regulator. AFFORDABLE flat fees, no hourly billing. Licensed CPA Ontario. 1300+ five-star reviews. 30-Day Money-Back Guarantee.