The Canada Revenue Agency (CRA) disclosed the anticipated adjustments in the Canada Pension Plan (CPP) for the year 2024, marking a significant change in maximum pensionable earnings and contribution thresholds.
Koroll & Company
Recent Posts
Are you someone who has joint accounts, or jointly holds real estate with your children for estate planning purposes? If so, you might be subject to new legislation regarding enhanced reporting requirements for trusts, with a trust tax return due by March 30, 2024.
Fraud, a persistent concern in the business world, can wreak havoc on finances, reputation, and trust. But with vigilant auditing practices, businesses can detect, deter, and prevent fraudulent activities.
The cost of higher education has become a financial juggling act for many. You've got tuition, books, living expenses - the list goes on.
Entrepreneurs face a multitude of challenges every day. One critical decision that often arises is how to handle bookkeeping efficiently and effectively.
It’s the dream of nearly every business owner to pass down their legacy through generations, envisioning a future where the business they built with sweat, tears, and determination thrives long after they are gone.
But while 88% of current family business owners believe their business will remain in the family, the harsh reality paints a different picture.
Managing records and bookkeeping is essential for any business, regardless of its size. Keeping your financial records organized not only ensures compliance with regulations but also provides valuable insights into your business's financial health.
As we step into the new post-secondary school winter semester, it's important to review the financial aspects of education.
Despite the shifting landscape of learning over the past few years due to the pandemic, the costs associated with post-secondary education remain a constant challenge. Tuition bills, housing expenses, and meal plans continue to be significant financial burdens for students and their families.
Fortunately, there are tax credits and benefits available to help alleviate some of these costs.
