We solve serious CRA tax problems

What is a Chartered Professional Accountant Toronto?

CRA T1135 Form

Faris CPA is an accounting firm that specializes in tax and tax related issues. There are many people out there who offer what are commonly known as accounting services. These range from simple bookkeeping to income tax audit support and tax planning. However, there is a key difference between all those people and people who are Chartered Professional Accountants. Only Chartered Professional Accountants go through rigorous licensing processes, have their knowledge updated annually as a licensing requirements, are insured in case someone suffers a loss, and are under the oversight of CPA Canada.

CPA Canada sets standards for conduct and work by Chartered Professional Accountants through a number of standards boards and oversight councils. These bodies make sure that they constantly keep the profession up to date with best practices, changes in industry and government, and otherwise make sure that clients of Chartered Professional Accountants are protected. When you hire a CPA, you can rest assured that you are getting the highest quality of services by a competent and ethical service provider. Regular persons who provide.

Bookkeeping services are not supervised and you cannot be sure about their training and skills. Even if the person providing bookkeeping services is competent, they work without regulatory oversight. Also, a bookkeeper, that is not a Chartered Professional Accountant or supervised by a CPA, should never represent you in an income tax audit or speak to the CRA during an income tax audit. Having someone without the skills and training necessary to navigate an income tax audit with the CRA could leave you with a tax reassessment that then you have to object to and possibly appeal to the Tax Court of Canada. It is always better to get things right the first time than to ensure the stress, cost, and uncertainty of fighting the CRA after the fact.

Filing Voluntary Disclosures​

When you get tax work done, like filing Voluntary Disclosures, a Chartered Professional Accountant make a difference. Voluntary Disclosures are complicated and require specialized knowledge and skills that most others do not possess. Successful Voluntary Disclosures require that the evidence be presented in a way that the Canada Revenue Agency is convinced. Usually the evidence is numbers, and numbers is what Chartered Professional Accountants deal with and are trained for. Another key to successful Voluntary Disclosures is the ability to cogently present the case in line with the Canada Revenue Agency’s policies. Make sure your tax work, such as Voluntary Disclosures, are handled properly from the get go so you stand the best chance of getting the full benefit of the Voluntary Disclosure Program. Given the importance of getting things right the first time when filing Voluntary Disclosures, should you really take a risk with someone who is not trained and supervised like a Chartered Professional Accountant is?

Although many people offer services that look or sound like accounting, such as bookkeeping, unless the person is certified and supervised like a Chartered Professional Accountant is, you may be setting yourself up for disappointment and failure. Work, such as a Voluntary Disclosures, is too important to be left to someone who lacks the necessary skills and training. Get the CPA stamp of approval and get a Chartered Professional Accountant on board from the get go.

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

Testimonial

“Sam Faris reduced the significant unreported income based on net worth audit to be nil. Sam’s approach in fighting these types of complex audits is unique and sophisticated. He found countless mistakes made by the auditor which were rectified when Sam appealed the audit decision. Instead of owing significant amount of taxes, Sam reduced it to zero. I highly recommend to hire Sam for this type of audits and any CRA problem.”

E.M., Ottawa
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.

This is an announcement from Aaron Baer, legal counsel to Faris CPA.

I have been working with Faris CPA for more than 10 years.

Faris CPA is being attacked by Kenneth John Weakley (Oct 1969).

I am posting this review because Kenneth John Weakley has been deleting his reviews and has been reposting them, so that Faris CPA's responses don't always show up.

Faris CPA's position is as follows:

Faris CPA is a well-regarded firm that is compliant with CPA Ontario obligations and has a good track record.

Under no circumstances will Faris CPA be paying Kenneth John Weakley any amount.

Kenneth John Weakley's claims do not have any merit.
Response from the owner:Thank you Aaron for your help with this matter. Please see below my entire response to Kenneth John Weakley (DOB: October 20, 1969). “Attention all readers: Faris CPA and 3 other reputable lawyers in the GTA are being aggressively attacked with fake Google reviews posted by Kenneth John Weakley (DOB October 20, 1969). Unfortunately, his repeated blackmailing and extortion attempts for the past few months have failed and he is still hoping to be successful by keep posting those false and fake reviews. Please note all personal information mentioned in our response is available online, publicly available and anyone can access it and none of the information was obtained while doing business with Kenneth John Weakley. Feel free to Google his name and see the below link to confirm. As such, there is no breaching confidentiality issue whatsoever. https://find-and-update.company-information.service.gov.uk/officers/EfbNEs5kNSRQeb9uq8kdZL0LGm8/appointments This is a fake review posted by Kenneth John Weakley (DOB: October, 20 1969). Address: 821A Fulham Road, London, U.K. SW6 5HG
Had a very good experience with Sam and his team. They dealt with my CRA audit in the most efficient way possible. I admire their professionalism and expertise in providing answers to the CRA and providing a perfectly reconciled package which was a key to resolve the tax issue. If you look for a tax consultant firm, hire Farid CPA. 10 stars
Response from the owner:Thank you for the five stars and the positive review.
I was referred to Sam Faris by a family member who highly recommended him to deal with my CRA audit matter which has been ongoing for almost 2 years. Considering that this was a sensitive issue, I needed to make sure that Sam would be the right fit to handle my case. I requested an in-person meeting. I met with Sam for more than 2 hours. He went through CRA proposal letter and immediately identified the weaknesses in CRA’s calculations. He immediately advised on the best approach to dispute this proposal and provided a time line when he will submit the counter analysis. I was impressed with his confidence and his expertise and decided to retain his services. He worked on my file around the clock to ensure meeting the deadline. At the end, Sam was able to reduce the tax bill and I was able to pay it with no hesitation. While Sam was working on the file, he was in a full control with the situation by communicating with the auditor on timely and professional manners. I never felt that I was left in the dark as Sam was always providing me with an update. I do recommend to hire Sam for any dispute with the CRA. Thanks
Response from the owner:Thank you for your positive reviews and kind words.
Had a consultation with Sam about a tax situation and very glad I got professional advice on how to proceed.
Response from the owner:Many thanks for taking the time writing this amazing review.