We solve serious CRA tax problems

Tax Problems & Representation

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A tax audit can be a frightening experience. If you are audited by the CRA, you risk being found guilty of tax evasion or any other tax problem. The auditor will ask for your books, records, and bank statements. If any of this information is found to be incorrect or incomplete, it may be used against you. The penalty for tax evasion can be a costly one. Penalties range between 50-200% of the evaded sum. Ignoring the CRA can result in them taking collection action whether you know what you owe or not. CRA collection action is not only used to collect debts, but also to make you comply with CRA requests. At Faris CPA, we can represent and advise you during the audit and post audit process. We can reply to the audit proposal and/or fix your books and records if necessary so that your tax problems can be solved. . If the audit result is unfavorable, we can file a Notice of Objection to get a more favorable result.

EXPERT TAX ACCOUNTING FIRM

Call Us Today At For A Confidential Initial Assessment About Any Accounting Or Tax Matters. As An Experienced, Certified, Licensed, And Expert Tax Accounting Firm We Help Our Clients Handle All Tax And Accounting Issues. Give Us A Call Today At 1 844 340 5771.

Sam Faris is a Toronto-based Chartered Professional Accountant who practices as an independent consultant on high-level Canadian tax matters and handles disputes with CRA.

He has recently published an article a business magazine: HERE.

Tax Problems? Contact us Today

On The Blog: More Tax Problems Resources

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Other Services

Faris CPA is proud to offer a wide variety of tax-related services, not limited to:

CRA Audits

Net Worth Audit

GST HST Audits

CRA Tax Assessments

Voluntary Disclosures

FAQS

How many years can you go without filing taxes in Canada?
In Canada, you can go up to 10 years without filing taxes. However, the CRA will penalize you a 5% penalty for late filling plus 1% interest per month on the amount owing. The tax agency can also take away your provincial medical plan or your GST cheques plus other benefits if you fail to pay after the period elapses.
Can you go to jail for not filing taxes in Canada?
Yes! Tax evasion is a crime in Canada. Tax evaders are charged a fine of anywhere between $1 000 and $25,000 and up to one year in prison. Also, when convicted, they must still repay the full amount of taxes owing, plus interest and any civil penalties assessed by the CRA.
Can the CRA check my bank account?
The CRA has access to information from all Canadian financial institutions so that it can establish undeclared, taxable interest, dividend and capital gains income. The CRA can therefore check your bank account.
What might trigger a tax audit by the CRA?
The CRA might tax audit you if you frequently claim losses on a business or a rental property. To help your case, you should ensure that you’ll be able to prove that you’re running a legitimate business and claiming all sales.
What happens if you are audited by the CRA?
If the CRA audits you, they will examine your books and records to determine whether you continue to fulfill your tax obligations, abide and comply with tax laws, and receive the benefits and refunds to which they are entitled.
What will the CRA do if they find information about you that is incorrect or incomplete?
If the CRA finds information about you that is incorrect or incomplete, they will notify all nationwide CRAs to correct this information in your file. They should also provide written results to you and a free copy of your report if the dispute results in a change.

Testimonial

“Sam Faris & his team provided a highly professional accounting & tax service that was both comprehensive & detailed. Additionally, Sam was excellent at collaborating with other professional advisors that I use. As an entrepreneur, I’d highly recommend Faris CPA.”

Mark Barnicutt
pro-tip

Pro Tip

ACCESSING THE SMALL BUSINESS DEDUCTION IN YOUR BUSINESS

The Small Business Deduction gives businesses a tax deduction on the first $500,000 of income. This saves an eligible corporation around up to $50,000 in income taxes. There are a number of conditions that have to be met to be eligible for this deduction.

Testimonials

Excellent
Faris CPA | Toronto Tax Accountant
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Donald K
Faris CPA was awesome! I cannot express how grateful I was during my tax audit.

Super kind and approachable- they took the time to explain the entire process. They answered all my questions/concerns and made sure I understood everything.

They made sure nothing was overlooked and would keep in touch with me should they need any docs as well as asked me questions to ensure accuracy.

I really appreciated their dedication and expertise! For anything tax-related, I truly recommend Faris CPA.
Response from the owner:Thank you Donald for your five stars review. We will remain at your disposal if you need our services in the future.
Gursharan Mann
Great experience dealing with Sam Faris and his team. They were transparent, patient with their explanations and they meet all promises. Highly reliable and trustworthy firm. They promise and they meet all their promises. If you are looking for the best tax consultant firm, I highly recommend Faris CPA.
Response from the owner:Many thanks and much appreciated for the kind and positive review.
T.C.E
Sam Faris is a consummate professional whose expertise, clarity, and warmth make him worth every penny. If you need clear answers and effective solutions for complex situations, he’s your go-to.

I only write reviews when they’re truly deserved, and after meeting with Sam, I’m compelled to share my experience. I’m meticulous about researching professionals before reaching out, and Sam exceeded my expectation.

From the moment I arrived for a consultation on a nuanced issue, Sam greeted me with a warm yet focused demeanor that instantly put me at ease. He was fully present, diving into my situation with laser-like attention.  As I explained my case, he listened intently, then walked me through each aspect with clear, concise expertise, pausing to ensure I had no questions before moving forward. His ability to break down complexity into actionable insights was remarkable.

What stood out most was his honesty and confidence. He calmly assured me that my situation, while intricate, was well within his expertise—backed by his extensive track record of handling far more complex cases. His steady presence and thorough understanding left me feeling reassured.

Sam's stellar reputation, reflected in his consistent high reviews, is no fluke. He’s the real deal: an upstanding professional whose integrity and skill are rare in today’s world. If you’re facing a challenging situation and need straightforward answers, reassurance, and results, contact Faris.
Response from the owner:It has been pleasure working with you and feel free to contact us in the future for any further help needed.
avneet singh Chawla
Thank you for all your help. Reliable and highly professional firm.
Response from the owner:Thank you for the positive review.

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Tax Help Now
Get your CRA tax issues solved
844-340-5771 OR Schedule Assessment
Get your CRA tax issues solved
844-340-5771 OR Schedule Assessment