Resources

Relief for Trust Reporting: Bare Trusts Exempt for the 2025 Tax Year

Confusion has surrounded "Bare Trust" reporting for years, but there is welcome relief for the 2026 filing season. The CRA has confirmed that bare trusts—such as adding an adult child to a bank account for assistance or a parent co-signing a mortgage title—are exempt from filing T3 returns for the 2025 tax year. This change saves many Canadians from unnecessary paperwork and fees. Read our full update to understand exactly what a bare trust is, why this exemption matters, and how to stay prepared for future…

| Read More

Tag Search

Trusted for over 100 years...

"JMH & Co. have been our family and company accountants for the past 25 years. I have always appreciated the professional and excellent service I’ve received from them."

"They are very prompt with their work and responses, easy to get ahold of, and always make us feel at ease."

"What I can say, is that I'm so happy with their services/pricing ect...that I have no desire to try anywhere else!"

"Always so well cared for by the team at JMH and I love how much they support small business and new entrepreneurs. They are fantastic Ambassadors for business."

"The service at JMH is outstanding. Above and beyond any other firm."

"Excellent service, friendly and passionate staff. Highly recommend JMH for any Accountant services."

"JMH & Co. have been our go-to choice for years now."

"The team at JMH & Co. have looked after our accounting needs (both personally and for our businesses) for the last 15 years, and have consistently given us exceptional service. The service at JMH is outstanding. Above and beyond any other firm."

"They have yet to disappoint. Fees are fair. Explanations are clear. Service is exceptional."

"In my 50+ years of farming I have worked with several different accountants. I rank Seamas number 1."