Freedom to Do Your Business While We Do the Rest
Expert Accounting, Payroll, and Tax Solutions Tailored for Your Success
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About KAB Professionals
At KAB Professional, we believe your energy should be directed towards what you do best—growing your business—while we handle the financial details. Our committed team of financial experts offers a full range of accounting, payroll, and tax services, all designed to simplify your financial management and ensure compliance with regulations.
We also assist with both residential and commercial mortgages, as well as securing business lines of credit to support your daily operational needs.
About KAB Professionals
At KAB Professional, we believe your energy should be directed towards what you do best—growing your business—while we handle the financial details. Our committed team of financial experts offers a full range of accounting, payroll, and tax services, all designed to simplify your financial management and ensure compliance with regulations.
We also assist with both residential and commercial mortgages, as well as securing business lines of credit to support your daily operational needs.
Our Team
Our team comprises seasoned professionals with expertise across key business functions. Together, we ensure operational efficiency, offer personalized solutions, guarantee full compliance, provide legal security and counseling, and deliver enhanced business and strategic support.
Riya Bansal
Founder
B.Com, M.Com, CS & LLB, Specialised in Payroll management, Mortgage Expert and Skilled Financial Planner
Nick Pruthi
Founder
B.Com, MBA, LLB, Seasoned Paralegal & Tax preparer and expert in payroll management, Bookkeeping and tax management
Varun Monga
Media Specialist and BD head
B.Com, MBA & Web Design Specialist – Digital & Marketing Expert with more than 15 years of experience in Business Planning
Riya Dobriyal
Senior Associate
Strategic Marketing Expert with decade of experience in Digital Marketing, Financial Analytics and Legal Consulting
Our Services
Bookkeeping
Bookkeeping is not once in a blue moon activity, it’s a day-to-day necessity that helps you afford the equipment you need to expand your business and achieve your dreams more easily…
Payroll Management
With Payroll Management Services, it’s not just about balancing books or cutting checks. We try to transform payroll from a back-office chore into a finely tuned engine that powers your…
Incorporations
Finding the right way for business registrations can be challenging in Toronto. With Kab Professionals, you have the power on your side. Whether its about starting a new business or…
Financial Planning
Financial planning is the backbone of any successful business. At Kab Professionals, we go beyond the numbers—we collaborate closely with you, diving deep into the intricacies…
Tax Management
Whether you’re a seasoned investor or celebrating your first major investment, there’s nothing quite like the satisfaction of saving money on your taxes. With the right financial…
Mortgages
At KAB Professional, we understand that securing the right financing is crucial for both individuals and businesses. Our mortgage and credit solutions are tailored to meet your unique needs, whether…
Testimonials
FAQs
Tax deductions reduce your taxable income, while tax credits reduce your tax payable. Common deductions include RRSP contributions and employment expenses, while credits may include the Canada Child Benefit (CCB), GST/HST credit, tuition, and charitable donations.
All sources of income (employment, investment, rental, self-employment, etc.) must be reported on your tax return. You may receive various tax slips (T4, T5, T4A, etc.), which you can include in your return to calculate overall income and taxes.
Employee benefits, like health insurance, and retirement contributions, like CPP or RRSP, are usually deducted from gross pay. These deductions reduce the take-home pay but may also lower taxable income.
A fixed-rate mortgage has a set interest rate for the loan term, offering predictable payments. An adjustable-rate mortgage (ARM) has a variable interest rate, which may change over time, potentially resulting in fluctuating payments.
In Canada, a minimum down payment of 5% is required for homes up to $500,000, 10% for the portion between $500,000 and $1 million, and 20% for homes over $1 million.
Start by setting aside a small, consistent amount monthly in a separate, accessible savings account. A general goal is to save 3–6 months of living expenses to cover unexpected costs.
Core insurances often include health, life, disability, home, auto, and, if applicable, business insurance. Each type helps cover specific risks, offering financial security in different life scenarios.
Yes, you can pay off your mortgage early, but penalties may apply depending on your lender and mortgage terms. Many lenders allow prepayments up to a certain percentage per year (e.g., 10–20% of the original principal). Paying more than this or paying off the mortgage in full may incur a prepayment penalty, which is often calculated based on interest costs or a specified formula. It's wise to check with your lender for specific details.
A pre-qualification is an initial estimate of how much you might be able to borrow, based on self-reported financial information. It gives a general idea but isn’t a guaranteed loan offer.
A pre-approval is more formal and involves a lender reviewing your income, credit, and finances in detail to offer a specific loan amount and interest rate for a set period (usually 60–120 days). This can make you a more attractive buyer, as it shows you’re likely qualified for financing.