We solve serious CRA tax problems

How To

Written by TheStory4143

Published on January 18, 2021

Last updated November 28, 2023

If you have not filed your Canadian tax returns, or if you have filed them and CRA believes that you have not reported all of your income, they may issue a new worth assessment. They take two financial snapshots, one at the start of the audit period and one at the end.

About the Author

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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
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.

Testimonials

Excellent
Faris CPA | Toronto Tax Accountant
Based on 333 reviews
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Yam
CRA performed net worth audit to my company and my personal taxes for three years. I hired another professional at the beginning and paid him 25k. This professional did not deliver what he promised and was unable to reduce taxes as per the CRA proposal letter. I was referred to Sam by a tax lawyer who highly recommended him for any CRA audit. I consulted Sam and I googled him as well. I was impressed with his knowledge, confidence and excellent reputation and decided to hire him. Sam results at the end were way less from CRA proposal. He backed up all his numbers in a way that CRA had to accept his approach and his final numbers. I was very happy with the final tax bill after the audit was completed. I have so much respect to Sam and his work ethics. I was also happy with his fee and I think his fee is reasonable too. Thank you Sam for all your help. You saved mine and my family lives.
Response from the owner:Thank you for the positive five stars review and your kind words. Net worth audit is the most complicated audit that CRA performs where CRA has doubts that taxpayers under reported the income. This kind of audit is one of our specialties. Over the years, we have developed a unique and sophisticated strategy to defend our clients from the CRA excessive numbers. In many cases, CRA auditors acknowledged and complemented our work and our approach. We will remain at your disposal if you need our services in the future. Sam Faris
Don Stephan
Dealing with CRA is stressful. Sam took care of me from day one and accommodated my unique needs without hesitation. 5 stars for being professional and a good human.
Response from the owner:Thank you Don for the five stars Google review. We are glad that we met your expectations and your case is closed now. Happy to answer any questions in the future and we will address all queries CRA may have regarding our work. Sam Faris
Dan Dimacuha
Sam was very responsive and prompt. Exceptional customer service as well!
Response from the owner:Dan Thank you for your positive 5 stars review and the kind words. We strive to provide best customer service as we are aware that all cases that we take on are time sensitive and require a higher quality of work in order to be successful with the CRA. Your cooperation and prompt reply to our questions was important in getting everything in order and submitting the package on timely basis. We will remain at your disposal anytime you need our services in the future. Sam Faris
Ángel Holgado
Best service. Very impressive and happy with all work Sam has done for me.
Response from the owner:My pleasure Angel and thanks for the 5 stars Google review and your kind words. We are glad that you are happy with our services and the results we got you. Please feel free to contact us in the future for any questions that you may have regarding your file. Best Sam Faris
Dasha Smyth
Great experience with Sam!
Response from the owner:Hello Dasha Thank you for the five stars review and your kind words. It was a pleasure working with you and I am glad that we met your expectations. Please feel free to reach out to us if you need to in the future. Many thanks Sam Faris
Mohamed Younes DEBBAGH
I was so impressed with Sam's professionalism and how quickly he reacted to my inquiries. His knowledge was evident, and he handled everything expertly. I highly recommend his services.
Response from the owner:Mohamed Thank you for the 5 stars Google review and your kind words. Our goal is always to make the process efficient and the workflow as smooth as possible. We are glad that we met your expectations and we will remain at your disposal at anyone in the future. Sam Faris
D D
Thank you for all your help! Quick and stress free! Definitely recommended!
Response from the owner:Thank you DD for the 5 star positive review. We were happy to work on your file and get you positive results. We will remain at your disposal in the future if needed. Thanks Sam Faris
Fernanda Rivera
Sam and his team helped me to file my multiple outstanding personal and corporate tax returns. He was able to save me from legal action by the CRA, saved me taxes and CRA waived the penalties for me. I highly recommend his services for any tax help and CRA audit needs.
Response from the owner:Ms. Rivera Your 5 stars Google review is very much appreciated. I am glad that we met your expectations and you are happy with our work quality and the outcome achieved. We are specialized in filling multiple years of outstanding personal and corporate tax returns. We have helped many clients for more than 15 years to file all their outstanding tax returns in the most efficient way. We were able to get them out of troubles with the CRA, save them taxes, waiving penalties and get them interest relief. We take a pride of what we do and our team is fully dedicated and experienced to deal with any type of dispute with the CRA. We are at your disposal anytime you need us in the future. Sam Faris
Andrea Colantoni
Faris CPA took care of my tax audit case by the CRA. The team performed the work on timely basis and in the most efficient way possible. End results are beyond expectations. Hire Faris CPA and they will do the required work with reasonable fee.
Response from the owner:Many thanks Andrea for your positive review and I am glad that you are happy with our services. Our firm is specialized in all kind of tax disputes with the CRA including tax audits. All our staff are CPAs who have many years of experience in fighting the CRA. Thanks again and please feel free to reach out to us in the future if needed. Sam Faris

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Get your CRA tax issues solved
844-340-5771 OR Schedule Assessment
Get your CRA tax issues solved
844-340-5771 OR Schedule Assessment