Accounting for financial advisors in Ontario
Independent advisors earn fee and commission income, carry compliance costs, and face the salary-vs-dividend decision every year once incorporated.
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taxifi · Financial Advisors
This month
- Bookkeeping Current
- Payroll & source deductions Filed
- HST Filed
- Year-end tax (T2) On track
The problems we take off your plate
Fee and commission income
Fee-based and commission income are tracked separately so you see how the practice really earns.
Compliance and platform costs
Dealer, compliance, and platform costs are tracked and documented so nothing deductible is missed.
Paying yourself
Your accountant plans salary vs. dividends for your situation each year, because the right mix changes.
What’s included
One flat monthly price for incorporated Ontario financial advisors. Everything below is in it.
- Fee and commission bookkeeping
- Expense and compliance-cost tracking
- HST returns prepared and filed
- Salary-vs-dividend planning with your accountant
- Year-end corporate tax (T2), included
| Area | A typical setup | With taxifi |
|---|---|---|
| Your books | Weeks or months behind | Current every day |
| Year-end (T2) | A spring scramble, billed extra | Included, no surprise invoice |
| Your accountant | Metered by the hour | Unlimited questions, flat monthly |
Common questions
I'm an incorporated advisor. Is that a fit?
Yes. Incorporated advisory practices are exactly who the monthly service suits.
Can you help me pay myself efficiently?
Yes. Your accountant plans salary vs. dividends for your situation each year.
Books and taxes for your financial advisory practice, done
One flat monthly price for Ontario businesses, scoped on a discovery call.
Book a discovery call