Tax season in Canada is approaching rapidly, and for business owners, this period can be particularly stressful without proper preparation.
Prepare For The 2024 Tax Season: A Guide for Business Owners
[fa icon="calendar'] Jan 5, 2024 12:30:00 PM / by Koroll & Company posted in Small Business, Tax Tips
Understanding Changes to the Principal Residence Exemption
[fa icon="calendar'] Jan 2, 2024 12:24:00 PM / by Koroll & Company posted in Tax Deductions, Tax Tips
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.
Tax Planning For Self-Employed Individuals
[fa icon="calendar'] Dec 29, 2023 12:04:00 PM / by Koroll & Company posted in Tax Tips
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.
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
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.
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
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.
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
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.
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
After a slowdown in 2022, residential real estate sales are once again picking up across Canada.
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
Preparing for retirement is a significant aspect of financial planning, especially when it comes to securing income sources during the golden years.





