Accounting for insurance brokers in Ontario
Insurance brokerages earn commissions and renewals, may carry trust obligations, and run producers whose pay is tied to what they write.
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taxifi · Insurance Brokers
This month
- Bookkeeping Current
- Payroll & source deductions Filed
- HST Filed
- Year-end tax (T2) On track
The problems we take off your plate
Commissions and renewals
First-year commissions and trailing renewals are tracked so your recurring income is clear.
Producer compensation
What your producers write and are paid is tracked cleanly against the book.
Your corporation at year-end
The corporate T2 is handled and your accountant plans how you draw from the brokerage.
What’s included
One flat monthly price for incorporated Ontario insurance brokers. Everything below is in it.
- Commission and renewal-income bookkeeping
- Producer compensation tracked
- HST handling reviewed with your accountant
- Year-end corporate tax (T2), included
- Owner pay planning
| 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
Can you track producer commissions?
Yes. Producer pay is tracked cleanly against what they write.
Do you work with incorporated brokerages?
Yes. Incorporated insurance brokers are a good fit.
Books and taxes for your insurance brokerage, done
One flat monthly price for Ontario businesses, scoped on a discovery call.
Book a discovery call