Koroll & Company Blog

As a self-employed business owner, keeping track of your finances is crucial for the success and growth of your business. But managing your finances can be a daunting task, especially if you're not familiar with accounting practices. 

Fortunately, with the right accounting software, you can streamline your financial management and focus on what you do best – running your business.

Tax season in Canada is approaching rapidly, and for business owners, this period can be particularly stressful without proper preparation. 

Buying your first home is a big step in life, and it means more than just having a place to call your own. In Canada, owning a home is seen as a sign of financial success and stability. It's also one of the largest financial transactions you'll ever make.

Owning a home offers tangible financial advantages. When you buy a home, you often make a down payment and borrow the rest from a bank. Over time, you pay off this loan, and at the end, the home is all yours.

As a self-employed individual in Canada, it's essential to take advantage of tax planning strategies to reduce your tax bill and maximize your deductions. 

There are several different tax implications when you sell shares that you have in a business. Today, we’re going to look at one of those tax implications - capital gains.

In Canada, the struggle to find affordable housing is no secret. From renting to buying that first home, securing a stable, long-term residence has become increasingly challenging, especially for younger Canadians. However, there is some hope on the horizon.

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. 

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.