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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...
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Sam’s care and dedication are reflected in the countless five-star reviews he’s earned. If you ever find yourself in a bind with the CRA, the smartest move you can make is to pick up the phone and call Faris CPA. Sam will handle the stress and the details so that you don’t have to worry. He’s the definition of a trusted, hardworking professional who truly cares about his clients’ peace of mind. Honestly, I wish there was a Sam Faris in every industry I deal with!
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Great advice!
Very happy with the services. Sam Faris is an expert tax consultant that i had the pleasure to work with on my tax matter. He met all his promises and was very reassuring throughout the process . He exceeded my expectations .