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.

How Tax Audits Work

 

Our CPA firm regularly accepts new clients who have been notified by Canada Revenue Agency (CRA) that they will be audited for their business or home income taxes or HST Harmonized Sales Tax.

The CRA tax auditor will either review your records at his/her government office (“CRA office audit”) or at […]

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Only 28 Days Left

 

There are only 28 days left for you to pay your 2017 personal tax.  April 30th is your tax payment deadline.  The time to reduce your tax bill is now! Be sure to file your 2017 Personal Tax Return now to avoid costly penalties.

Please enjoy viewing this month’s Tax Tips […]

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Only 60 Days Left to Save Money

 

Many tax savings tips are listed below and you have 60 days left to save on your 2017 personal income tax by contacting us now to arrange your free, no-obligation, strictly confidential FinancialCHECKUP™.

To get your free 2017 TAX RETURN ORGANIZER™ please contact us. Now more than ever you need to know that you […]

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How To Save 2017 Income Tax

 

We are proud to present our updated annual 2017 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 provide care to a critically ill or injured adult family member, you can access a new benefit of up […]

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Cash Savings Strategies

 

Happy 2018!  We wish you and your family Health and Prosperity in this New Year!  

***   Please watch next month for our 2017 TAX RETURN ORGANIZER™   ***

The route to a secure financial future can be difficult to navigate. At HALPERN Chartered Professional Accounting Firm we understand this. We work with […]

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Year-End Tax Planning Tips

 

Now is a great time to take advantage of final 2017 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 2017 tax liability, particularly if you act before […]

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Avoiding Tax Audits

 

It’s every taxpayer’s worst nightmare: a notification from CRA Canada Revenue Agency that you are going to be audited. CRA sends more than 30,000 such letters a year. You are right to be afraid because it is often a time-consuming and costly process to deal with. Tax audits generally stretch […]

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Proposed Tax Changes

 

On July 18, 2017, the Honourable Bill Morneau, federal Minister of Finance, issued draft legislation which, if passed, will significantly change tax planning for Canadian private companies and their shareholders.

He released proposed changes to three areas of tax planning used by private corporations: income sprinkling, holding passive investments in a […]

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Only 4 Months Left to Plan

 

We hope you had a safe and enjoyable summer.  There are only 4 months left to plan! The 2017 calendar year is quickly coming to a close.  September is here, the summer has come to an end and the leaves are beginning to change colour.  Change is inevitable, just like […]

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When is a Business Expense Deductible?

 

There are generally two main tests that all expenditures must meet in order for you to be able to deduct them for business purposes:

Was the expenditure made for the purpose of earning taxable income?
Was the expenditure reasonable in the circumstances?

If the expenditure was not made to earn taxable income, you […]

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