We provide specialized accounting, tax, regulatory compliance, and financial reporting services to insurance service providers from our Toronto and Oakville offices.
Whether you need a tax specialist for insurance brokers, an accountant for trust accounting, or an accounting firm for insurance providers, we’re here to help.
Here are a few reasons insurance firms and brokers in Toronto choose Cassar CPA:
We’re well versed in RIBO rules and trust accounting requirements; our specialists ensure all required tax filings, position reports, and trust reconciliations are done accurately.
From our Toronto & Oakville offices, you get hands-on service, clarity, and expertise typically seen in larger firms, without paying big firm overhead.
Our accountants ensure your financial reporting and tax services do not just comply, but anticipate regulatory risk, reduce errors, and help protect your brokerage from penalties.
At Cassar CPA, we believe that accurate accounting, proficient tax services, and regulatory compliance are critical to protecting your reputation and profitability. That’s why we offer accounting firm services and tax specialist support tailored for Insurance Providers, so you can focus on serving clients, while we handle the complexity of trust accounting, tax, and regulation.
Here’s how Cassar CPA supports your insurance brokerage or service firm:
Review your current reporting, tax status, trust account setup, past Form 1s, gaps.
Correct any issues with trust accounts, insurer payables, commission tracking, audit trail, internal controls.
Regular tax services, position reports, financial statements, reviews, audits, trust fund reconciliations.
Timely guidance on changes in RIBO / subsidies / trust rules / auditing expectations, plus tax/planning advice to reduce burdens and risk.
“Their diligent approach and personal care have saved me thousands of dollars in taxes over the years!”
"You simply won’t get this quality of service from a big firm.”
“I’ve been working with Matt for a while now and I recommend him as much as I can to my friends and family”
“Cassar CPA has saved me a lot of time, money, and headache!”
“We love Matt and his team! We use them for our NFP organization and they’re always fast, flexible, and knowledgeable”
“Fantastic and knowledgeable team with very forward thinking practices.”
"Matt and his team provide clients efficient and speedy turnaround on monthly accounting and year-end services, while at the same time acting as an advisor on various finance matters.”
If you’re looking for an accountant for insurance brokers, a tax specialist for insurance providers, or an accounting firm for trust accounting support, Cassar CPA is here.
With offices in Toronto and Oakville, we serve insurance firms across Ontario.
Let’s set up a discovery meeting to review your current situation and map out your path forward.
Form 1 must be submitted twice per year (mid-year + year-end). It includes trust, general, equity sections with trust bank balances, premiums in trust, insurer payables, refunds etc. Cassar CPA assists in preparing these reports on time and ensuring data is complete and accurate.
You’ll need corporate or personal tax filings (depending on ownership), HST/GST filings, treatment of commission income, deduction of your expenses, and ensuring tax compliance with provincial and federal obligations.
Maintain separate trust accounts; perform regular reconciliations; record premiums when due; handle refunds or cancelled policies correctly; maintain accurate records. Cassar CPA helps set up or audit your trust accounting practices.
It depends on size, trust account volumes, RIBO expectations, broker licensing, investor or insurer demands. Our accounting firm can help you decide and prepare whichever level of assurance you require.
Compiled financial statements are based on your internal books and records and offer no assurance — Cassar CPA formats them properly but does not verify underlying data; reviewed statements provide limited assurance, using analytical procedures and inquiries to see if the numbers are plausible without doing in-depth testing; audited statements deliver the highest level of assurance, with detailed testing, confirming balances and auditing internal controls to express an opinion on whether the statements fairly represent your financial position.
