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Koroll & Company Blog

Understanding Capital Gains on the Sale of Shares

[fa icon="calendar'] Dec 28, 2023 12:00:33 PM / by Koroll & Company posted in Tax Tips

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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.

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First Home Savings Account: How to Make the Most Out of Your FHSA

[fa icon="calendar'] Dec 19, 2023 11:45:52 AM / by Koroll & Company posted in Tax Tips

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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.

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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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Canada Has A New Tax On Luxury Cars, Aircraft and Vessels

[fa icon="calendar'] Sep 29, 2023 10:00:00 AM / by Koroll & Company posted in Small Business, Tax Tips

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On June 23, the Select Luxury Items Tax Act received Royal Assent and came into effect on September 1 of this year. 

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