We solve serious CRA tax problems

Tax Debt Solutions | Faris CPA

About Sam Faris

It is all too easy to get into tax debt. To end up owing the Canadian Revenue Agency (CRA) money.

Perhaps you have made a mistake on your tax return. Or have followed poor advice and ended up under-declaring. Either way, at some point, the CRA is highly likely to realize what has happened and contact you asking you to pay the money that you owe them.

When that happens, it is essential that you take the matter seriously and respond in the right way. If you do not pay them promptly, they will use other means to take the money from you. Things move quickly and it is all too easy to misstep and make the situation worse for yourself. We are here to make sure that does not happen.

The member of the Faris CPA team that will be assigned to your case, will support you every step of the way. They will explain what is happening and why you are in this situation. As well as make sure that you take the right actions at the right times.

As soon as you realize that you have, or may have tax debts, please get in touch to discuss your options and how to proceed. You may first want to read the guide below, which gives you an overview of how the CRA treats and recovers tax debt. As well as what we can do to help you to get back into good standing with the Canadian tax authorities.

Tax Debt Solutions

Like most countries, Canada has special laws that allow the Canadian Revenue Agency (CRA) to collect unpaid taxes. These laws enable them to ensure that people who owe them money use the assets at their disposal to pay their debts and do so promptly.

When you have tax debts, the CRA can move extremely quickly to recover that money. They do not need a court action to be able to collect what is owed.

Things are set up in a way that means that the penalties involved in not paying off the tax debt fast enough are high. For example, compound daily interest accrues on the amount owed and does so from the date the tax was due. It is surprising how fast the amount owed in interest grows. It is incredibly expensive, which is why our advice is to avoid incurring tax debt as much as possible.

Importance of Avoiding Incurring Tax Debts to the CRA

When you get into debt with the CRA you do need to pay the tax debt, as soon as possible. The consequences of not doing so are just too serious not to take this approach.

You need to bear in mind that the CRA has the power to:

  • Seize or freeze the cash in your bank accounts
  • Seize or sell your assets
  • Put a lien on your property so that you cannot sell it and dispose of the funds without paying them first
  • Force you to sell your property and use the proceeds to pay them
  • Garnish your wages – you can find out more about how they do that by clicking here
  • Garnish your other sources of income

Understandably, most people do not want any of the above to happen to them. So, we work fast when people get in touch with us and ask for help to manage their tax debt issues.

How a CPA Can Help Devise Tax Debt Solutions

As Chartered Professional Accountants, we are well-placed to put together a tax debt solution for you. One that takes account of your circumstances and uses the way the CRA´s tax debt collection system works to your advantage.

Of course, you will still have to pay what you owe. But we will guide you to make sure that it is done in a way that minimizes the negative impact as much as possible.

We do this by taking the following approach:

  • Help you understand why you have received a tax debt certificate from the CRA
  • Identify and discuss the best way to tackle your tax debt
  • Negotiate a manageable payment plan with the CRA
  • Work with you to prevent the CRA from taking other types of legal action against you
  • Give you advice on how to avoid bankruptcy
  • Create a long-term plan that will help you to bounce back financially

Tax debts are serious. Get a Tax Accountant who will devise a Tax Debt Solution for you.

Talk to a Faris CPA Tax Accountant today about Tax Debt Solutions

At Faris CPA, we have extensive accounting and taxation experience. For many years, we have been helping companies, private individuals, and other types of organizations to successfully manage their financial affairs.

Providing expert advice on tax planning. Including, in some cases tax debt management.

Naturally, in the course of carrying out those duties, we have built up a deep understanding of Canadian tax laws and the way the CRA works to enforce them. You can find out more about us, our experience and what we have to offer, by clicking the link.

Call Faris CPA Today to Solve Your Tax Debt Problems

Getting in touch with us is easy, here are the ways you can do it:

  • Use our online contact form to conveniently schedule an assessment
  • Visit our office
  • Call our phone numbers
  • Reach us through email

Whichever way you choose to contact us we will respond quickly. You can rest assured that we will help you to sort out all of your tax issues and do so quickly.

We fully understand how worrying having to deal with the CRA is for most people. So, we are here to support you in every way we can.

PRO TIP :

“If you can’t pay your tax debt in full, you can opt for a payment arrangement with the CRA. This lets you complete smaller payments over time until you have paid the whole debt, plus interest.”

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

FAQ’s on Tax Debt Solutions

What happens if you owe taxes in Canada?

There’s a late-filing penalty. However, and more importantly, if you owe taxes and are paying it off in due time, then penalties include up to 200% of taxes evaded as well as jail time.

How can I get out of my tax debt in Canada?

The simple answer is that you should file a consumer proposal with the CRA.

Why do I owe GST to CRA?

You will owe GST to the CRA if you have a tax debt or if you were overpaid the Canada Child Tax Benefit, the Universal Child Care Benefit or the Working Income Tax Benefit.

Testimonial

“As it happens with a lot of people, my business too got audited by CRA tax auditors. I have an accountant who told me to go to Sam Faris. I contacted him and his expert team who handled my CRA. I could finally sleep peacefully because of that. I could not be more pleased with the service provided by Sam Faris.”

Alexander P.
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.

Kate Miller
Kate Miller
1716575760
Thanks Sam for your help with our CRA issues. You were very easy to contact and deal with and did what was needed very quickly. Thanks so much.
It was my pleasure to work with Sam Faris closely to resolve my tax issue with the CRA. Sam was efficient and resolved it to my satisfaction. Unlike other professionals that I dealt with regarding the same tax matter, whatever he promised, he delivered with the least time and with a reasonable fee. Thanks Sam for all your help.
Lisa Lisa
Lisa Lisa
1716551738
I highly recommend Sam--he is a true expert--knowledgeable and professional. He is highly skilled, quick to respond, and an expert at any CRA matter. I honestly don't know where I would be without having hired him. Five stars for sure.
Rob Miller
Rob Miller
1716489740
Sam responded very quickly to my request for his assistance with my CRA submission. We spoke by zoom. He then processed the paperwork and has submitted it straight away. I would thoroughly recommend Sam to people anywhere in Canada who needs timely and efficient help with their tax issue.
Rasha Makhoul
Rasha Makhoul
1716055095
Faris CPA helped me to navigate a very difficult tax matter. I would recommend the firm to anyone who needs tax experts with high business standards.
Sam is a kind man and gave me honest advice! Was very easy to get a consultation as well!
Luba A
Luba A
1715083762
Very impressive. I wish I met Sam many years back. He would have saved us money and saved our time from dealing with professionals who promised the moon but never delivered. Thanks Sam for all your help. You deserve every dollar you charged us.
Lila Saba
Lila Saba
1715012850
Highly recommend Mr. Faris for any problem with the CRA. He is efficient and creative and has his own strategies to get favorable results. Thanks Sam for alll your help.
Shadi Hakawaty
Shadi Hakawaty
1714936992
I was referred to Mr Faris by a friend of mine who happened to be his client for more than 10 years .I was struggling with the CRA regarding HST audit .CRA claimed that I owe significant amount of hst .Mr Faris was able to preform a detailed analysis which is backed up with previous court cases .as a result mr FARIS was able to convince CRA that the property was not subject to hst and the case was closed with zero hst owing.Thank you mr FARIS for all your hard work 🙏
Rosa hanna
Rosa hanna
1714918257
Sam Faris helped me and helped my family to deal with a very complex audit with the CRA. His performance exceeded expectations and his fee is reasonable.
Kevin Eatz
Kevin Eatz
1710287499
Was very professional and fast with helping me file taxes that I have missed over the years. Highly recommend :)
Ria Frith
Ria Frith
1709742935
Excellent service! Sam helped make a stressful, complicated situation much easier to deal with, showing great patience and compassion. I'm very grateful.
farshid tayyeb
farshid tayyeb
1709600147
Sam and his team helped me with filing my complicated corporate tax. He is very informative, and knowledgable and most importantly always available to answer your questions and concerns. He is very detailed and spent a lot of time preparing my tax file and fixing my previous accountant’s mistakes. I should also mention that his fee was very fair. Thank you so much Sam!
Vero Land
Vero Land
1708810543
Had a meeting with Sam regarding my tax matter with the CRA. Sam was informative and provided an excellent advice to handle the situation.
David Kline
David Kline
1708785450
CRA audited me based on net worth audit. This audit lasted almost 2 years. I suffered emotionally and financially as a result. Bringing Sam and his team into the picture was the best decision that I have ever made. Sam followed a very unique strategy which led to dropping the taxes to my satisfaction. Thanks Sam for all your hard work.
Tomer Pitel
Tomer Pitel
1708694932
I wish I met Sam of Faris CPA many years ago. He would have saved me lots of money and kept me out of troubles with the CRA. His performance exceeded expectations. 10 stars
Madison Wortman
Madison Wortman
1708657850
Sam is the man to handle any CRA dispute. Very happy with his services and the results that he achieved for me.
Gwen Meador
Gwen Meador
1708535537
Sam Faris helped me with the HST audit which involved building a new houses. CRA proposed to assess the houses that I built higher than it should be. Sam approach was convincing and knock down the assessment significantly. Thanks to Sam that I did not have to file objection and the issue was settled at the audit stage with the least cost.
Rafa Vargas
Rafa Vargas
1706749169
Hire Sam if you have any tax issue with the CRA. He is highly reliable and trust worthy and will absolutely look after your best interest. Mark my word on this as this is based on my recent experience having Sam dealing with my issue with the CRA.
Joseph Qassis
Joseph Qassis
1706481745
Extremely helpful and high work ethics. Thank you for all your help Sam for solving my tax issues.
NewLeaf Dental
NewLeaf Dental
1706381674
I was referred to Sam Faris by a tax lawyer in the city. Sam helped me with a very complicated tax audit by the CRA. Results exceeded expectations and now I can focused more in my business as Sam is defending me with the CRA problems.
John S
John S
1706380825
Best CPA and tax expert in the country. Sam helped me with a very complicated tax problem which involved voluntary disclosure. CRA accepted Sam argument and submission without a single question asked. He saved me the penalties and interest. Highly recommend Sam and his team.
Loris Layus
Loris Layus
1706153940
Very happy with Sam services. Sam helped me to resolve a complex tax audit by CRA. Results exceeded expectations and highly recommend Sam and his team.
Angela Simpson
Angela Simpson
1705181007
Great experience, very informative, and knowledgable!
Sam Faris helped us with a serious matter with CRA. He is extremely knowledgeable, efficient and more importantly has very high work standards. I would highly recommend Sam to anyone who is facing an issue with CRA.
Rey459
Rey459
1704088130
Sam helped me with a very difficult tax issue which involved voluntary disclosure. He submitted a perfect package where CRA did not bother to ask any question. My package was approved from the first time with no issue at all. I must admit that after shopping around, Sam’s fee was the most reasonable fee among all the professionals including 2 tax law firms. Thank you Sam for all your hard work.
Soysal Realty
Soysal Realty
1704086408
A trusted tax firm who handled my complicated tax problems perfectly with the least cost. Sam and his team exceeded expectation. Highly recommend.
Waseem Khoury
Waseem Khoury
1702982945
Luckily I was referred to Sam and his team by a friend of mine. After wasting time and money with a tax lawyer, finding Sam was a big relief. He was able to resolve my tax issue with CRA on timely basis and with the least cost. Many thanks Sam.
maria martins
maria martins
1702833053
Super professional with high work and ethics standards. Highly recommend Sam and his team. Thanks for the hard work.
Seth Woodard
Seth Woodard
1702580217
Sam was super helpful and responsive, extremely fast, and very easy to work with. Would recommend to anyone. Thanks Sam!
MARIA FUDA
MARIA FUDA
1701962330
Without doubts, the team at Faris CPA is the best out there to dispute CRA decisions. They are focused on details and are second to none. Their fee is fair and more importantly, they are honest, reliable and meeting their promises. Don't bother to hire other professionals and of course no need for tax lawyers who charge you excessive legal fees. Hire Sam and his team and they can get the job perfectly done and on a timely basis with the least cost. Very grateful to Sam for all the hard work on my file. I am lucky to know you and because of you, I have no concerns whatsoever if CRA tries to attack me and attack my business in the future.Thank you Sam.Maria Fuda,Litewave Communications
Paulina R
Paulina R
1701920055
Very helpful and super efficient. Sam is an expert with tax problems and will help you in every aspect with the least cost. Thank you so much for all your hard work!!
jonathan sousa
jonathan sousa
1701786708
Sam is a wealth of knowledge. I would highly recommend his services to friends and family.
Scott Dalziel
Scott Dalziel
1701716742
Sam and Edward were extremely helpful and very timely in providing their services! They provided great service at a very reasonable price.
David Lonergan
David Lonergan
1701716732
Sam Faris and his team are EXPERTS in fighting the CRA / Canada Revenue Agency. I cannot say enough good things! Save your money and don’t hire a tax lawyer. They can do it ALL and save you the legal fees. Sam and Team will get you the best outcome for a very reasonable fee. I HIGHLY RECOMMEND.
Colin Simpson
Colin Simpson
1701454466
Sam Faris is an excellent accountant who is an expert in CRA issues. He is very knowledgeable and I highly recommend him.
Very professional and high work ethics.
Ryan Butao
Ryan Butao
1700422012
Ana Santos
Ana Santos
1699467169
Amazing work and great exceptional service.
Edden Y
Edden Y
1699118104
Sam Faris is highly professional and keep his promises. He promised me a fair resolution to my tax issue and he met the promise. His fee is very reasonable too.
Steve Hayward
Steve Hayward
1699045891
Sam helped me out with a complicated (to me) tax issue I had. He was super responsive and walked me through everything. I had a follow up question a few months later and he responded within an hour. Highly recommended.
Marcin J
Marcin J
1698918573
Very professional support for international taxes.
Gol Zar
Gol Zar
1696091250
Sam is extremely knowledgeable with tax issues with CRA. He provided me the best advice which saved me from troubles. His fee is reasonable too. Thank you Sam and I will recommend you to my people.
peter lozier
peter lozier
1694887202
I had the absolute pleasure of working with Sam Faris and I can't express enough how thrilled I am with the service I received. From start to finish, the experience was seamless and efficient.Sam is a true expert in Canadian tax regulations. he demonstrated an impressive knowledge of the Canadian tax code, which immediately put my mind at ease. He was able to answer all my questions and provide valuable insights that helped immensely with Canadian tax laws.What truly sets Sam apart is their incredible speed and attention to detail. I submitted my tax documents, and he worked diligently to complete my return in record time, all while ensuring it complied with the Canadian tax requirements. I was amazed at how swiftly they turned around my taxes without sacrificing accuracy. It's evident that he has a deep understanding of the Canadian tax system and can navigate it with ease.Throughout the entire process, Sam was not only professional but also incredibly personable. They made what is typically a stressful time of year into a stress-free experience. Their friendly demeanor and willingness to explain complex Canadian tax concepts in simple terms made me feel valued as a client.
Nadine Mortada
Nadine Mortada
1694778156
I received the best tax advice for my international tax issue. Thank you Sam for all your help.
Shams Hirji
Shams Hirji
1693968913
Sam is the most trusted advisor amd accountant in personal and corporate accounting. Creative CRA resolution specialist. I highly recommend Sam.Call him today for all your issues !!
Haifa Rizk
Haifa Rizk
1693766122
Sam Faris has provided me with he best solution to dispute CRA audit. I highly recommend Sam for any tax problem.
Ercan Coşkun
Ercan Coşkun
1692485940
Sam is the right guy to fight CRA. Sam helped me to resolve a serious issue with CRA. He went above and beyond and got me the best results. 10 stars
Sam helped me with the voluntary disclosure program to file all my outstanding tax returns. He saved me taxes and penalties and his fee is very reasonable. I highly recommend him to any problems with CRA.
Jack CHaci
Jack CHaci
1692485321
Got a great help from Sam and his team regarding very complex tax matters with CRA. Thank you for the wonderful job.
Best Service
Helwe Najami
Helwe Najami
1692407521
Excellent experience with Sam Faris and his team. They achieved the best results for me with CRA. Thank you Sam for all your hard work. I will definitely recommend you for families and friends.
Luis Arcangel
Luis Arcangel
1692380866
Thank you for everything you have done for me-
Ken Weakley
Ken Weakley
1692035734
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