INDUSTRIES

Combining our knowledge and experience to assist clients from various industry sectors, organizations may negotiate the complicated risks that come with conducting business today with the guidance of MOSAK Financial Services. When we provide you with our services, we make sure to keep your company's objectives in mind.

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Certified Bookkeepers
MEDICAL PROFESSIONALS
Doctors provide patients with the most pressing medical needs with crucial, necessary services while working long hours and under demanding mental, physical, and emotional conditions. Adding to it by requesting that they pay great attention to their finances also seems unrealistic. Therefore, we are available to give medical professionals the accounting services they require for their businesses to succeed, to pay their taxes and ensure they are not overpaid, to be fairly compensated for the research and development they carry out, and to file their corporate and personal taxes on time! The most crucial task you have as a medical expert is caring for your patients, here are the services we can offer you: Security services (Audit, Review, and Compilation) Tax services (T2s, T4s, T5s, payroll remittances and corporate tax instalments) Valuation (fair market value of investments and fixed assets, etc.)
Certified Bookkeepers
MEDICAL PROFESSIONALS
Doctors provide patients with the most pressing medical needs with crucial, necessary services while working long hours and under demanding mental, physical, and emotional conditions. Adding to it by requesting that they pay great attention to their finances also seems unrealistic. Therefore, we are available to give medical professionals the accounting services they require for their businesses to succeed, to pay their taxes and ensure they are not overpaid, to be fairly compensated for the research and development they carry out, and to file their corporate and personal taxes on time! The most crucial task you have as a medical expert is caring for your patients, here are the services we can offer you: Security services (Audit, Review, and Compilation) Tax services (T2s, T4s, T5s, payroll remittances and corporate tax instalments) Valuation (fair market value of investments and fixed assets, etc.)
Certified Bookkeepers
MEDICAL PROFESSIONALS
Doctors provide patients with the most pressing medical needs with crucial, necessary services while working long hours and under demanding mental, physical, and emotional conditions. Adding to it by requesting that they pay great attention to their finances also seems unrealistic. Therefore, we are available to give medical professionals the accounting services they require for their businesses to succeed, to pay their taxes and ensure they are not overpaid, to be fairly compensated for the research and development they carry out, and to file their corporate and personal taxes on time! The most crucial task you have as a medical expert is caring for your patients, here are the services we can offer you: Security services (Audit, Review, and Compilation) Tax services (T2s, T4s, T5s, payroll remittances and corporate tax instalments) Valuation (fair market value of investments and fixed assets, etc.)
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MEDICAL PROFESSIONALS

Doctors provide patients with the most pressing medical needs with crucial, necessary services while working long hours and under demanding mental, physical, and emotional conditions. Adding to it by requesting that they pay great attention to their finances also seems unrealistic. Therefore, we are available to give medical professionals the accounting services they require for their businesses to succeed, to pay their taxes and ensure they are not overpaid, to be fairly compensated for the research and development they carry out, and to file their corporate and personal taxes on time!

The most crucial task you have as a medical expert is caring for your patients, here are the services we can offer you: 
  • Security services (Audit, Review, and Compilation)
  • Tax services (T2s, T4s, T5s, payroll remittances and corporate tax instalments)
  • Valuation (fair market value of investments and fixed assets, etc.)

TECHNOLOGY COMPANIES

For businesses in all the following technology industries, we provide a complete range spectrum of accounting services: 

  • Development of software and hardware
  • Financial Technologies
  • Technology in health
  • Biotech
  • Cleantech

  • Tax preparation services (T2s, T1s, T4s, T5s, payroll remittances, HST filing and instalments)
  • Applications for SRED

We are both utilizing today’s most advanced technologies, just like you! We utilize the most recent accounting software, stay up to speed on all federal, provincial, and international tax law changes, and adhere to the most recent generally accepted accounting standards (GAAP) as recognized by the Chartered Professional Accountants of Canada. You can rely on us for current, cutting-edge service!

REAL ESTATE

When it comes to high capital growth, a high-income stream, and tax benefits, few investments are more advantageous than making a real estate investment. The real estate investors benefit not only financially, but also potentially tax-wise, as there may be significant tax savings and tax sheltering generated.

In Canada, purchasing and holding real estate is not subject to residency or citizenship requirements. Non-residents may hold rental property in Canada, but they must submit yearly tax reports to the CRA. If the property continues to be an investment property, Canada allows taxpayers to deduct property taxes, line-of-credit interest, and repairs and upgrades. You must be ready to meet these problems to make sure that your money is wisely invested when investing in real estate.

  • Have you considered the GST/HST implications of your investment?
  • Would you like to recover the GST/HST paid on your purchase?
  • Should you consider using a Canadian corporation to reduce taxes payable on rental income and protect your asset from creditors?
  • Which expenses can you deduct against your rental income?
  • Have you considered the impact of purchasing an additional property on your principal residence exemption?
  • How does rental property impact your retirement? The right side of this page is perfect for a summary of key products or services.

You want the correct people for real estate accounting services who can deliver real estate accounting & tax knowledge efficiently and effectively. They must be able to categorize expenses accurately.

MORTGAGE SERVICES

The mortgage market has recently grown increasingly competitive, and mortgage brokers are now more in demand, particularly in the real estate industry. They risk fines or even liquidating their mortgage company if they don't obtain the required permissions and licences.

To protect their business interests and help them make wise business decisions, mortgage brokers should employ an accountant with experience in their field. Tax planning and company advice are proactive areas for MOSAK Financial Services. Our services are quite affordable, and we specialize in the taxes of mortgage brokers.
  • Mortgage Advice & Planning
  • New Mortgage Purchase
  • Mortgage Renewal
  • Mortgage Refinancing

CONSTRUCTIONS

Future challenges that will affect the building industry are diverse. Construction professionals have had to adjust as the land grows increasingly expensive and scarce.

Builders are now more likely to build up than they were to expand out in the past, and land development plays a bigger role in the construction company’s toolbox.

RESTAURANTS

By conducting a review, MOSAK Financial Services can make sure that all your operations are carried out by predetermined guidelines. Any issues that potentially cause significant losses will be highlighted, and we'll offer solutions to help you manage your restaurant business effectively. Our commitment to assisting you in running a successful business never wavers.

This will allow you to look for finance in the form of a business loan or investors who can quickly assess your restaurant’s financial situation after looking through your financial statements. To give your clients quality and value, you entered the restaurant industry. Organize your restaurant’s finances more easily by collaborating with an accounting firm. It’s undoubtedly challenging to run a successful restaurant.

You may adjust your restaurant operation that will materially improve performance with the correct information. We offer T2s, T1s, T4s, T5s, payroll remittances, HST filing and instalments, as well as other tax-related services.

MANUFACTURING

As a maker of your products, you confront unique issues that can be met thanks to our individualized service, which is a result of our close-knit and cooperative team of diverse and skilled accountants. Although Canada's manufacturing sector is expanding, we must deal with a variety of market rivalry challenges as the growth factor increases.

Changing supplier costs, a lack of skilled labour and escalating rivalry from emerging markets are all present in Canada’s manufacturing environment today. For manufacturing enterprises, it is now even more important to comprehend numerous accounting, tax, and regulatory challenges.

LAW FIRMS

We MOSAK Financial Services can assist you with your basic bookkeeping and financial statements whether you use a legal bookkeeping system or just maintain a ledger of client invoices and deposits. Regardless of whether your company is a single proprietorship, partnership, limited liability partnership, or professional corporation, our staff can give you the resources you need to comprehend the financial state of your company.

Our primary goal is to provide you with affordable bookkeeping and tax filing services so you may manage your law company successfully. We can assist you with your basic bookkeeping and financial statements whether you use a legal bookkeeping system or only have a ledger of client invoices and deposits. We can offer the payroll accounting you need to give you and your employees peace of mind, whether you pay your staff directly or utilize a payroll agency. Our team can give you the resources you need to comprehend your company’s financial situation whether you run as a sole proprietorship, partnership, LLP, or professional corporation.

We can also assist you with maintaining a ledger of all the sub-accounts in your trust account, along with deposits from and disbursements to your clients, and we can also help you keep track of all the sub-accounts in your trust account.

TRANSPORTATION & WAREHOUSING

With our assistance, you can stay abreast of how the market is evolving so that your company can outperform its rivals. Many companies, as we have seen, enter the import-export market without having the necessary background knowledge. Every nation has its own set of tax regulations governing import-export transactions, such as the GST/HST in Canada. A GST/HST registration may be required for import-export companies.

Input tax credits should be available to them to recoup the GST/HST paid or owing on the purchases. GTA Accounting is available to assist you in regaining control of your accounting function if you are engaged in the import-export business and are losing control. If you plan to start an import-export business, GTA Accounting is the best place to outsource the accounting and tax aspects of your company, and we will handle everything for you.

EDUCATIONAL INSTITUTIONS

The variances within the sector are enormous and numerous, even though all educational institutions share the same common objective of giving their students the finest foundation for success.

Particularly in the not-for-profit sector, educational institutions must abide by higher finance requirements and more stringent regulatory settings than most other organizations.

VETERINARIANS & ANIMAL CARE

Veterinarians, like other medical professionals, can partner with health insurance companies to help their patients manage the cost of care for their cherished animals. Veterinarian care, on the other hand, is not excluded from the HST, unlike many other types of medical treatment. It is crucial to register for HST, file frequently, and pay remittances and instalments as necessary. Input tax credits on purchases made by the veterinary clinic may lower the amount of HST you owe.

Without their highly competent and valued employees, veterinarians would be nothing. These individuals deserve to be paid on time, without any delays or interruptions, and to have their company handle their remittances. Our company specializes in scheduling monthly or quarterly payroll remittances based on the gross salaries of your employees, completing such payments promptly, and creating and filing T4 forms every February. We can support a payroll services company in handling your payroll needs.