Cryptocurrency and Taxes in Canada
Understand your crypto tax obligations — before the CRA does. Cryptocurrency transactions are taxable in Canada, whether you’re trading, staking, or mining. Our CPA team helps individuals and businesses across Canada report digital assets accurately, plan for tax efficiency, and stay ahead of CRA compliance.
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Farm Corporations Win the Land Purchase Game
In today’s high-priced land market, farm corporations hold a major tax advantage over sole proprietors—and that can mean the difference between winning and losing a purchase. Learn how incorporating your farm could free up tens of thousands of dollars in annual tax savings and put you in a stronger position to grow your operation.
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Selling U.S. Property as a Canadian Snowbird: What You Need to Know
If you're a Canadian resident selling real estate in the United States — whether it's a vacation home, rental property, or investment — there are important tax and filing requirements you need to know. From U.S. withholding rules under FIRPTA to cross-border reporting and potential Canadian tax implications, it's essential to plan ahead. Our team can help you navigate the process and avoid costly surprises.
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The Benefits of a Spring Financial Review for Your Business
Spring is the perfect time to step back, review your financials, and realign your goals. A seasonal financial check-in can uncover hidden issues, improve cash flow, and set your business up for success. In this blog, we’ll walk you through the key benefits of a spring financial review—and the practical steps to take now.
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Filing Taxes Late? What Canadian Taxpayers Need to Know About Penalties
Filing your taxes late can lead to penalties, interest charges, and unnecessary stress. But don’t panic—there are steps you can take to minimize the impact. In this guide, we break down the consequences of late filing, how to reduce penalties, and what to do if you can’t pay on time. Read on to protect yourself from costly mistakes and keep your finances on track!
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Self-Employed? Here’s How to Maximize Your 2024 Tax Return
Self-employed? Take full advantage of tax deductions, credits, and smart planning strategies to keep more of your earnings. Our expert CPAs can help—get started today!
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New Year, New Financial Goals: Tax Planning Tips for Canadians in 2025
The start of a new year is a time for reflection, resolution, and renewal. It’s also the perfect opportunity to take charge of your finances and establish clear, actionable tax planning goals. Whether you’re looking to reduce your tax bill, grow your savings, or stay compliant with evolving tax laws, the tips below will help you make 2025 a financially successful year.
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Year-End Financial Planning Tips for Canadian Businesses and Individuals
As the end of the year approaches, it’s the perfect time to review your finances and make strategic adjustments that can boost savings, reduce taxes, and set you up for success in the coming year. For Canadian individuals and businesses alike, proactive year-end financial planning can make a significant difference. In this blog, we’ll cover key tips to help you maximize tax savings, optimize investments, and strengthen your financial health before the year wraps up. Let’s dive in!
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Tax Implications of Education Expenses
Investing in education is one of the most significant financial decisions for many individuals and families in Canada. Fortunately, the Canadian tax system offers several credits, deductions, and savings plans that can help offset the costs associated with post-secondary education. In this blog, we explore the key tax implications of education expenses, providing valuable insights to help you make the most of available tax benefits.
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Teaching Kids About Money Financial Education Tips
Financial literacy is an essential life skill, yet it’s often overlooked in traditional education. At JMH, we believe that teaching children about money early on is key to their future success. In this blog, we’ll share practical tips to help you start your kids on the path to becoming financially responsible adults.
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