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Koroll & Company Blog

Canada Extends CEBA Repayment and Loan Forgiveness for Businesses

[fa icon="calendar'] Dec 13, 2023 11:43:54 AM / by Koroll & Company posted in Corporate, CRA

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In a move to support small businesses and not-for-profit organizations, the Canadian government has extended the deadlines for the Canada Emergency Business Account (CEBA) loan repayments. 

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Your Guide to Canadian Tax Benefits in 2023-2024

[fa icon="calendar'] Nov 16, 2023 1:20:10 PM / by Koroll & Company posted in Tax Tips

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In Canada, and across the world even, money is on everyone’s mind. Every dollar counts, so when it's easy to get extra money without paying taxes, you want to take full advantage of it. 

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Moving Expenses Deduction: Don't Miss Out on Tax Savings

[fa icon="calendar'] Nov 7, 2023 3:46:08 PM / by Koroll & Company posted in Tax Tips

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After a slowdown in 2022, residential real estate sales are once again picking up across Canada. 

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How to Navigate the OAS Clawback and Secure a Retirement Income

[fa icon="calendar'] Nov 1, 2023 12:43:13 PM / by Koroll & Company posted in Pension Plans, Tax Tips

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Preparing for retirement is a significant aspect of financial planning, especially when it comes to securing income sources during the golden years. 

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How to Navigate Probate Tax In Ontario and Minimize Estate Tax

[fa icon="calendar'] Oct 25, 2023 2:55:52 PM / by Koroll & Company posted in Tax Tips

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In the realm of estate administration in Ontario, Probate Tax, also known as Estate Administration Tax, poses a significant concern for estate lawyers and their clients. 

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What are the 2023 Updates to Taxable Benefits Policies in Canada?

[fa icon="calendar'] Oct 18, 2023 3:22:50 PM / by Koroll & Company posted in Tax Tips

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Early this year (2023), the Federal Government provided an update to policies for employers who provide taxable benefits to their employees. These benefits include gifts, awards, long-service awards, social events, hospitality functions, and parking.

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Understanding Employee Expenses in Canada For Commissioned Employees

[fa icon="calendar'] Oct 13, 2023 10:53:00 AM / by Koroll & Company posted in Corporate

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In Canada, a significant portion of the workforce operates on a commissioned basis, where their earnings are based on sales or other performance-related metrics. 

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Strategic Tax Planning: Proactive Approaches for Small Business Owners

[fa icon="calendar'] Oct 11, 2023 10:47:01 AM / by Koroll & Company posted in Small Business

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Tax planning is a crucial aspect of running a successful small business. By employing strategic tax planning techniques, small business owners can optimize their tax liabilities, reduce financial burdens, and ultimately improve their bottom line. 

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