Canada Foreign Asset Reporting CRA System

CRA has developed a simplified foreign asset reporting system for persons owning less than $250,000 of a specified foreign property throughout the year. There is no change to the $100,000 threshold for reporting. This change is applicable to taxation years ending 2014.

About the Author

Sam Faris

CPA, CGA, LPA, CPA (C.O.) (Expired), FACCA (U.K.)

Sam Faris, President of Faris CPA, is a Licensed Public Accountant in Ontario, with affiliations to CPA Ontario, CPA USA, and FACCA U.K. Since 2003, he's excelled in resolving CRA disputes and tax audits. His firm offers diverse services, from bookkeeping to corporate tax planning, serving a wide client base. Renowned for his formidable track record against the CRA, Sam is a committed advocate and expert in tax resolution.

Learn more about Sam Faris

Foreign Asset Reporting System

Table of Contents

About the Author

Sam Faris

CPA, CGA, LPA, CPA (C.O.) (Expired), FACCA (U.K.)

Get help with your tax problem now