Insurance brokerage bookkeeping in Quebec

Quebec runs on a different regulatory structure than the rest of Canada. Insurance firms and representatives are authorized and supervised by the Autorité des marchés financiers (AMF), the province's integrated financial regulator. Alongside the AMF, the Chambre de l'assurance de dommages (ChAD) is the self-regulatory organization responsible for the professional conduct and ongoing development of damage insurance brokers, agents, and claims adjusters. For a damage insurance brokerage, both bodies are part of the picture — the AMF for authorization and oversight, ChAD for professional conduct.

That structure has practical consequences for the books. Quebec's framework is its own — separate registration concepts, its own brokerage designation rules, and ongoing legislative change in the financial sector — so a Quebec brokerage's chart of accounts and trust handling should be built for the AMF's expectations rather than ported from another province. As a bookkeeper for insurance brokers in Quebec, we keep the premium trust reconciled and the records aligned to that framework, and we layer in Revenu Québec's TPS/TVQ sales-tax accounts, which differ from the GST/HST setup used elsewhere in Canada.

A language note worth setting expectations on: Quebec operates in French, and there are French-language obligations that touch how a brokerage communicates and documents. We work in English and do not currently provide French-language reporting — so for French-language filings or client-facing documents, you'll want that handled in French on your side. We deliberately don't quote specific AMF thresholds, account rules, or deadlines here; those are set by the AMF, they can change, and they're the kind of detail to confirm directly with the AMF.