Howard Halpern

About Howard Halpern

Howard Halpern CPA (Canada), CA, CPA (USA), CFP, TEP, has spent over thirty years providing financial management, strategic business planning and tax advice to closely held business, professional service providers, and high-income taxpayers.

Only 33 Days Left For You To Pay

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There are only 33 days left for you to pay your 2018 personal tax.  April 30th is your tax payment deadline.  The time to reduce your tax bill is now. Be sure to file your 2018 personal income tax return now to avoid costly penalties.
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Enjoy all of the Tax Tips below! It’s not what you earn…it’s what you keep!
 
Since 1987, HALPERN Chartered Professional Accounting Firm has specialized in tax, accounting and consulting services for businesses and individuals throughout the GTA Greater Toronto Area. Our goal is to help you handle the entire financial side of your business so that you can focus on growing your company and enjoying life.
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Contact us now to arrange your free, no-obligation, strictly confidential FinancialCHECKUP™.  […]

By |Categories: Newsletters, Tax & Financial Tips|

Only 58 Days Left to Save

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You only have 58 days left to save on your 2018 personal income tax by contacting us now to arrange your free, no-obligation, strictly confidential FinancialCHECKUP™.  To obtain your free 2018 TAX RETURN ORGANIZER™ please contact us. Now more than ever you need to know that you are paying the least amount of tax.
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TAX TIP    Regarding Canadian tax evasion cases, the courts have convicted hundreds of taxpayers, which involved 245 years in jail, $134 million in federal tax evaded, and $37 million in fines. We recommend you not ignore any outstanding tax filing obligations. And certainly never disregard any correspondence you receive from Canada Revenue Agency as that will create bigger future problems. Indeed it is never too late to […]

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How To Save 2018 Income Tax

 

We are proud to present our updated annual 2018 TAX RETURN ORGANIZER™, your indispensable reference guide to help you save money by reducing the amount you pay in income taxes. Click here to read and print it.

TAX TIP         If you are an employee, you should try to receive a per-kilometre automobile allowance from your employer each month because this amount would then not be taxable to you. Therefore it should not be included on your annual salary T4 tax slip, provided it is a reasonable amount. However, if you are an employee receiving a flat monthly amount, that would be taxable to you because it […]

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Cash Savings Techniques

 

Happy 2019!  We wish you and your family Health and Prosperity in this New Year!  You can’t predict the future.  But we’ll help you plan for it.  For over 30 years we’ve been helping businesses and individuals save money and prevent costly mistakes.  HALPERN Chartered Professional Accounting Firm combines the technical knowledge of Chartered Professional Accountant and entrepreneurial mindset of Strategic Business Advisor.

Business owners and individuals complain but often do nothing to improve their financial situation.  Face this New Year with confidence using our customized strategy and knowing that we are here to help you weather all changes and to […]

By |Categories: Newsletters, Tax & Financial Tips|

Year-End Tax Planning Tips

 

Now is the time to take advantage of final 2018 year-end tax saving opportunities. Ideally, tax planning should be a year-round affair since many tax strategies require foresight to be effective. The good news: there are still opportunities to reduce your 2018 tax liability, particularly if you act before the end of this calendar year.

Rapidly changing tax laws mean regular business and personal tax planning and financial advice is absolutely essential for all businesses and individuals, including corporate executives and professionals.

Don’t leave your tax planning to chance!   We will show you how a personal customized tax strategy will save you […]

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How to Fix Your Business

 

Do you remember your first day in business?  Since then, you’ve sacrificed a lot for your business, worked long hours, and maybe even borrowed money.  The business was doing OK and you took home a good income.

Today, things might have changed.  Expenses may be rising and you may now find yourself between a rock and a hard place.  You’ve been borrowing money, stretching creditors and looking for a solution, but nothing seems to work.  You have to avoid going through stages of drifting and denial and quickly act to “fix” the business before problems get worse and it is too […]

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Your Wealth and Independence

 

Exercising regularly, eating a balanced diet, and managing stress effectively can help you maintain a positive mind and healthy body. For many Canadians, though, doing so on a daily basis is a big challenge.  The link between stress and health has long intrigued workplace health providers, employers, doctors and scientists. Stress, which is a fact of life, can be difficult to control and can have serious physical and mental health consequences.

So, what tops the list of stressors for Canadians? You may have already guessed: Finances!

People worry and fret about their financial situation constantly, with some years being worse than others. […]

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Why Tax Planning is Important

 

Most people either don’t do any advanced planning or they wait until the last minute to try and do something about reducing their taxes. Advanced tax planning is the process of projecting your tax liability ahead of time, and reviewing your situation to uncover tax minimization strategies that can reduce your current or future tax liabilities.

By planning ahead and being proactive, you open a plethora of options to reduce your taxes. Many options are not available to you when the time comes to actually file your tax returns. So the 3 Reasons You Should Prioritize Tax Planning are as follows:

TAX TIP  […]

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Important Tax Facts

 

The Fraser Institute is the top think-tank in Canada for the tenth straight year and ranks in the top 25 among all think-tanks worldwide, according to the University of Pennsylvania’s Global Go-To Think Tanks Index.

As we near end of summer 2018, here are some interesting and important tax facts Canadians should understand and consider:

The total tax bill for the average Canadian family will exceed $35,000 in 2018, or 42.5 per cent of their income—more than what the average family spends on housing, food and clothing combined.
While the federal government has claimed it “cut taxes for middle-class Canadians everywhere,” the reality […]

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What Meal and Entertainment Costs Can You Deduct?

 

 

Most of the time, the maximum that you can claim for meals and entertainment expenses is 50% of the lesser of: (a) the actual cost you incur, or (b) an amount that is “reasonable”.

Also, there are special rules for foot and bicycle couriers, and if you are a long-haul truck driver who is eligible for higher deduction rates.

TAX TIP      If your business is registered for GST/HST, you can only claim an ITC input tax credit for the portion of the expenses that are deductible for income tax purposes. For most meals and entertainment costs, the ITC would only be […]

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