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.

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Faris CPA | Toronto Tax Accountant

Based on 356 reviews

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 .

Marijn Bel

Mohammad Ramadan

Had a great experience with Sam Faris and his team. Sam took over my file from the previous accountant and was able to fix significant mistakes in the books which ended up saving me taxes and get me a refund for money that I already paid to the government. They have performed the work on timely basis with the least cost possible. Anyone who is in search for the best tax consultant in the country, Sam Faris is the man. Thank you Sam and his team for all the amazing work.

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Foreign Asset Reporting System

Table of Contents

About the Author

Sam Faris

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

Reviews

If you have CRA stress,
Let Faris CPA handle the mess.

Get help with your tax problem now

Foreign Asset Reporting System

Table of Contents

About the Author

Sam Faris

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

Reviews

If you have CRA stress, Let Faris CPA handle the mess.

If you have CRA stress,
Let Faris CPA handle the mess.