Today we interview the one and only Greg Foss, a 30 year veteran of the investment industry. Greg Foss is a well known Bitcoin Bull who believes that Bitcoin is set to hit a $2,000,000 per coin.

In this episode we speak with Jodi Leigh of Jodi Leigh Designs. Jodi walks us through:   Her transition from healthcare and working 9-5 to self employment in the hospitality industry...

The last decade has seen a massive advancement in the acceptance and interest in the cryptocurrency sector. Bitcoin, the original and most popular cryptocurrency currently has an estimated circulation of 18.68 million coins with a current market value of approximately $47,000 CAD per coin...

When you own a small business, you have two basic methods to compensate yourself: Salary or dividends. Often, the decision is made based on an owner-manager’s personal tax situation, whether or not family members will be paid, or a multitude of other factors that may have an effect.

Ontario doctors need to choose their accounting firm with care. Let’s face it - doctor’s have way better things to do than to pour over the Canadian Income tax act. Outsourcing this task literally frees up time to save lives. Physician taxes in Ontario are as complex as any small business owner and you’re going […] The post Five Things Physicians Should Look for in an Accounting Firm appeared first on JPM Partners.

Congrats! You’ve made the move from sole proprietor to CEO of your very own corporation. Or perhaps you started out your small business incorporated, to begin with. Either way, here you are — with a company of your very own. You no longer have to rely on a biweekly pay stub or suffer through torturous […] The post How To Pay Yourself From Your Corporation: Dividends Versus Salary appeared first on JPM Partners.

Something we look at all the time for our clients and for those coming on with us is the HST Quick Method and the potential for automatic tax savings. In this week's Weekly Tax Planning Tip video we explain exactly how it works.

Audit. This is probably one of the most feared words in a small business owner’s vocabulary. A Canada Revenue Agency (CRA) audit can be one of the most stressful, frustrating, and costly things a small business can ever deal with. But what triggers an audit? The truth is, we don’t know. The CRA doesn’t publish […] The post 2 Triggers to Stay Clear of That Could Prompt a CRA Tax Audit appeared first on JPM Partners.

For various reasons a small business owner or incorporated professional may wish to enter into a life insurance contract via their corporation. But, are the premiums deductible for tax purposes? This depends, there are generally two scenarios in which premiums may be deductible: Employer paid premiums for employee: If an employer pays life insurance premiums […] The post Deducting Life Insurance Premiums in a Corporation appeared first on JPM Partners.

The Canada Revenue Agency (CRA) will soon be conducting its seventh annual Office Audit Letter Campaign.   This campaign targets a specific group of taxpayers that have demonstrated specific tax behaviour. This year, CRA is targeting about 30,000 taxpayers who claim consecutive business or rental losses or who are employees claiming employment expenses on line 229 of their tax […] The post The CRA’s annual Office Audit Letter Campaign appeared first on JPM Partners.

Using a Holding Company: Dividends paid between connected Canadian corporations do not usually attract tax. This is just one beautiful advantage of a holding company. When your assets build up, your business gets riskier, and you need legal methods to ease the tax burden, a holding company could be the answer. First, your small business […] The post Holding Companies appeared first on JPM Partners.