We solve serious CRA tax problems

Are You A Business Owner With a Tax Concern

Good corporate tax planning

TAX PROBLEMS? NEED CANADIAN TAX HELP? UNREPORTED OFFSHORE INCOME?

There are many things to consider when running a business. A concrete strategy for your taxes should be one of them. We can help you avoid expensive repercussions, give you a competitive edge and keep you informed about the regulations that affect you.

PROVIDING PROFESSIONAL ADVICE TO YOU AND YOUR COMPANY. FARIS CPA CAN ASSIST IN AREAS SUCH AS:

  • Offshore tax disputes
  • Customs duties, sales, capital transfer taxes, and GST/HST;
  • Issues with Cross-Border taxes;
  • Tax planning for real estate;
  • International tax planning;
  • Employee Compensation and executive taxation;
  • Advising on tax consequences of proposed transactions;
  • Tax advice for small businesses;
  • Reporting taxes for partnerships;
  • Filing and paying corporate income tax installments and returns;
  • Identifying tax minimization opportunities for your business; and
  • Corporate back taxes.

PROFESSIONAL TAX ACCOUNTANTS ARE NEEDED IF YOU WANT TO STAND A CHANCE WINNING A DISPUTE WITH THE CRA. OUR ACCOUNTANTS ARE EXPERTS IN:

  • Tax liens and seizures of corporate bank accounts;
  • Objections and appeals for tax reassessments;
  • Applications for voluntary and anonymous disclosures;
  • Settlements of corporate tax debt;
  • Tax disputes regarding excise taxes, GST/HST, and ruling appeals for CPP and EI;
  • Corporate tax disputes; and
  • Payroll remittance.

Good corporate tax planning will benefit your business. Accounting, tax, cash flow, and regulatory problems can be avoided or alleviated with a good tax strategy.

As an experienced, certified, licensed, and expert tax accounting firm we help our clients handle all tax problems and accounting issues. Give us a call today at 1 844 340 5771.

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Chartered Professional Accountant in Canada, U.S. and U.K.

FAQS

What if I can't afford to pay all the past taxes I owe?

If you can’t afford to pay your tax debts in full, contact the CRA immediately. There are different programs that you can apply for, or you might arrange a payment plan.

What is the difference between a tax credit and a tax deduction?

A tax credit is a literal amount of credit applied to your account. If you have $200 of credit, you’ll pay $200 less on your next tax payment.

However, if you have a tax reduction of the same value, the CRA will reduce your tax bracket by $200.

I just moved to a new city, how do I notify the CRA that I have a new address?

You can notify the CRA of a change of address by filling in form RC325 and sending it in. Another option is to send a signed letter to your local tax office, including your social insurance number, when you moved, and the new address.

Testimonial

“I hired Sam Faris to fix my books and records and to amend corporate and personal tax returns for a 4 year period. When I was audited by CRA, I discovered that my old accountant was not competent and had made many errors. CRA honoured the amended returns filed by Sam. I even received a tax refund.”

C.B.
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.