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.

Payments to Family Members

 

Any business can generally deduct reasonable salaries paid to children and family members for services rendered to it.

Such payments are normally made via cheque or bank transfer but what about non-cheque, non-cash, in kind payments to family members?

There is a Tax Court of Canada case which deals with the deductibility of non-cheque […]

By |Categories: blog, Newsletters, Tax & Financial Tips|

Personal Holding Companies

 

Personal holding corporations are companies incorporated to hold the investments of an individual shareholder and may provide a profitable vehicle to split income between family members.  For example, if you or your spouse each have wholly-owned corporations, and your corporation has retained earnings (accumulated profits) from a business which are […]

By |Categories: blog, Newsletters, Tax & Financial Tips|

Second Chance Tax Amnesty

 

Believe it or not, you may be eligible to have a second chance to correct your tax affairs. Second chances don’t often happen in life. But if you ever made a tax mistake like leaving out income or claiming ineligible expenses, Canada Revenue Agency (CRA) offers you a second chance.

No-Name […]

By |Categories: blog, Newsletters, Tax & Financial Tips|

Your Compensation

 

If you are a business owner, what level of compensation should you take out of your company and in what form? This is a major issue business owners face each year.

Most business owners do not take the time to work out the best tax and business planning possible. It is […]

By |Categories: blog, Newsletters, Tax & Financial Tips|

Your Home Expenses

 

Home Office Expenses

If you work in your home, you may be able to deduct part of your home expenses which would save you income tax. But, like everything else when it comes to income tax, there are special rules you must follow and these tax rules differ depending on whether […]

By |Categories: blog, Newsletters, Tax & Financial Tips|

Only 34 Days Left For You to Pay

 

There are only 34 days left for you to pay your 2015 personal tax. May 2nd is your tax payment deadline. The time to reduce your tax bill is now! Be sure to file your 2015 Individual Income Tax Return now to avoid costly penalties.

Finance Minister Bill Morneau tabled many […]

By |Categories: blog, Newsletters, Tax & Financial Tips|

Only 62 Days Left to Save

 

We hope you enjoy the Tax Tips below.  You still have 62 days to save on your 2015 personal income taxes by contacting us now to arrange your free, no-obligation, strictly confidential FinancialCHECKUP™.

Now more than ever you need to know that you are paying the least amount of tax.  We […]

By |Categories: blog, Newsletters, Tax & Financial Tips|

How to Save 2015 Taxes

 

We are proud to present our updated annual 2015 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.

Please feel free to forward this to your family, friends and loved ones.

Contact us now for […]

By |Categories: blog, Newsletters, Tax & Financial Tips|

Cash Savings Techniques

 

Happy 2016!  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.  Our full-service CPA Firm combines the technical […]

By |Categories: blog, Newsletters, Tax & Financial Tips|

Year-End Tax Planning Tips

 

Take advantage of 2015 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 2015 tax liability, particularly if you act before the end of the calendar year.

Rapidly changing […]

By |Categories: blog, Newsletters, Tax & Financial Tips|