We solve serious CRA tax problems

Category: General Help

Spousal RRSP Withdrawals and Attribution

One spouse can make contributions to their spouse’s RRSP, and such contributions are eligible based on the contributing spouse’s RRSP deduction limit for the year. Where eligible, the contribution amount is deducted in the contributor’s tax return for the appropriate...

Rollovers Under Subsection 70(6)

The death of a person causes a bunching of income recognition, usually for accrued but unrealized gains on capital property, that can result in significant tax liability for the deceased and the resulting estate. This is because the Income Tax Act deems a person to...

Saved from CRA interest and penalties

Canada’s income tax laws and regulations are long, convoluted, and complex (even judged say this). Although things aren’t as bad as down south in the USA, Canadian taxpayers are expected to understand and know how to apply often ambiguous and convoluted rules that...

Tax Considerations of Canadians in Florida

Canadian residents are taxable on their world-wide income and capital gains. For most Canadians, this isn’t much of a concern since all of their income and property is in Canada. However, if you have property in or income from another country, you may have to deal...

The General Anti-Avoidance Rule

The general rule in Canadian taxation is that a taxpayer is free to arrange his or her affairs in a way that minimized the total taxes he or she is liable to pay. In other words, to order his or her affairs to lower the overall tax burden. This is the essence of tax...

Tax Obligations of UBER (Ridesharing) Drivers

UBER has grown to be part of Canada’s transportation landscape. Many Canadians are either earning their income primarily as UBER drivers, or are supplementing their income by driving when not otherwise working. UBER has caused a disruption in the taxi industry by...
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.

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.
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.
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.
Thank you for all your help. Reliable and highly professional firm.
Response from the owner:Thank you for the positive review.