We solve serious CRA tax problems

CRA Tax Help in Toronto

If you are looking for tax help, you don’t need a tax lawyer. At Faris CPA, we’ve been providing CRA tax help and saving taxpayers unnecessary legal fees for over a decade.

Every taxpayer’s financial situation is unique, but whether you’re filing taxes as a personal or professional entity, the process can feel overwhelming if you don’t have the appropriate tools and resources at your disposal.

Learn how our CPA firm in Toronto provides trusted tax and accounting services to individuals and organizations in Toronto and across the GTA.

GET YOUR TAX PROBLEMS SOLVED BY FARIS & TEAM

TAX HELP EXPERTS IN TORONTO

Tax Help Experts in Toronto

Faris CPA is proud to be a leading accounting firm in Toronto with over 15 years of industry experience. We work with individuals and businesses across Canada to streamline their financial process and ensure their tax filings are submitted according to CRA guidelines.

When it comes to filing your taxes or disputing a CRA assessment, we offer the tools and resources necessary to ensure your financial standing is secure. We assist clients across a wide range of industries, including retail, construction, and non-profit organizations through our esteemed accounting, financial, taxation and business advisory services.

Navigate Your CRA Tax Matters with Confidence
Contact Our Tax Professionals Today!

Expert tax guidance, Chartered Professional Accountant

Filing Your Taxes

How to Get Started

The process of filing yearly taxes is often unique to each Canadian.

When filing taxes, whether independently or with the assistance of a professional tax specialist, having all your personal information available is essential. The CRA requires taxpayers to report the entirety of their income, any relevant deductions, and the details of any dependents if necessary.

It’s important for Canadians to understand what they can and cannot claim on their taxes to avoid a tax audit by the CRA. With a CRA tax help specialist by your side, you can feel confident knowing your taxes are being filed according to federal guidelines.

Adjusting Your Tax Return

It’s not uncommon to find errors in your CRA tax forms even after they’ve been filed. The good news is the CRA affords taxpayers the opportunity to adjust tax returns filed up to 10 years ago. This process is relatively simple as forms can be obtained directly from the CRA’s website.

Common Myths to Avoid

When it comes to filing your taxes, there are common myths that taxpayers are exposed to and must be wary of when engaging in their own financial business, including:

Higher Tax Bracket Means Losing More to Taxes

The reality is that tax brackets are marginal which means that substantially higher rates apply to each dollar above the cut-off.

All Investment Incomes are Taxes Equally

If you have various investment incomes, it’s important to differentiate between them as they may not all be taxed equally. A tax specialist can assist you in determining which are contributing to your income and the most effective ways to reduce your taxes and improve your financial portfolio.

The Rich Have Secret Ways to Avoid Higher Taxes

The secret is that there is no secret — financial systems were designed for those in higher tax brackets and offer more loopholes and easy ways to pay higher sums in taxes.

Find a Tax Specialist in Canada

Faris CPA is a leading tax help centre in Toronto with over a decade of accounting experience and expertise. We offer a more efficient way to file and submit your taxes and will guide you through the entire process from start to finish, ensuring you have the insight and tools needed to maximize your return and minimize your payments.

Schedule an assesment now

ACCA-Logo
AICPA-Logo
Chartered professional accountant logo

Chartered Professional Accountant (CPA) in Canada, U.S. and U.K.

HIRE AN EXPERIENCED CPA FOR CRA TAX HELP

Hire an Experienced CPA for CRA Tax Help

Faris CPA is proud to be a leading accounting firm in Toronto with over 15 years of experience. We offer professional assistance to our clients to effortlessly streamline their taxes and file their returns.

We understand the complexities and nuances involved during tax season. Our specialists provide the tools, resources, and insight our clients need to submit the right claims and maximize their refund potential.

Whether you’re self-employed or a part of a large corporation, we can help make filing taxes easy and efficient. Trust Faris CPA to provide the highest-level accounting, taxation, and business advisory services.

FAQS

When to file taxes in Canada

In Canada, income taxes are required to be submitted by April 30 with details pertaining to your income from the previous calendar year. The CRA may accept late submissions on a case-by-case basis, though there may be a penalty.

What are the types of taxes I need to file?

There are four types of income taxes Canadians should be aware of when it comes time to file:

  • Personal
  • Business
  • Corporation
  • Trust

Each tax type relates to a specific area of income and includes a range of deduction and claim options. A Faris CPA’s tax help centre, we can assist you in understanding where you should focus your attention and the types of documents and details you’ll need to effectively file your income tax.

Why is it important to file taxes?

Your taxes are an important part of your contribution to Canada’s economy and filing yearly taxes allows the CRA to determine if you’re eligible for any returns or if you’re required to pay back a specified amount to the government.

When taxes are not filed properly, there are significant penalties attached, including financial late filing penalties, not receiving certain benefits such as Old Age Security, and, in severe cases, can lead to prosecution.

With the assistance of an accounting and taxation expert at Faris CPA, you can avoid all the above and secure your financial standing.

How to prepare to file your taxes

The first step to filing your taxes is gathering all your income-related documents, investments, donations, RRSP contributions, and details of any dependents. Once you have all the necessary documentation, a Canadian income tax specialist can help you organize your information and determine what is submittable to the CRA.

At Faris CPA, we help individuals and businesses in Toronto and across the GTA streamline their tax filings and ensure they’re maximizing their return potential. We’ll guide you through the process and assist in determining which investments can contribute to your deductions and how you can minimize your chances of owing money to the federal government.

How can I get assistance with my tax return?

If you’re overwhelmed with the process of filing taxes, a licensed tax specialist can help.

At Faris CPA, we provide trusted accounting and taxation services in Toronto and across the GTA. With over 15 years of experience, we understand the nuances involved in submitting personal and professional taxes and what the CRA expects from taxpayers.

We’ll work closely with you to determine the appropriate claims and deductions to submit, ensuring we’re maximizing your refund potential and minimizing the chance of owing any money to the federal government.

Get in touch with our team today to learn about our specialized services.

Cost of tax assistance in Toronto

The cost of working with a CRA tax help specialist will vary for each Canadian, depending on the scope of the services required.

At Faris CPA, we believe in offering affordable tax help to clients in Toronto and will work closely with each client to ensure they’re receiving the appropriate services at fair prices.

Where can I find tax help near me?

If you’re looking for a better way to complete and file your taxes, trust the accounting specialists at Faris CPA. Our licensed accountants offer premier accounting services in Toronto and across the GTA.

We work with clients across a wide range of industries, ranging from importing and distribution to local and national non-profit organizations.

Contact us today to get started.

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.

I was referred to Mr. Faris by another professional who recommended him to deal with my multiple years of outstanding corporate and tax returns. I interviewed Sam and was impressed in his confidence and transparency. He did not promise the moon just to get my business. Sam was able to file all returns under the voluntary disclosure program. After completing filling all tax returns, I realized the amount of money he saved me. I enjoyed very much working with him. He ensured that the work progress flow smoothly without any complications. He took to consideration the emotional stress factor and he was available to speak with me even beyond business hours just to make me more calm and to make me feel that he is on top of the matter and it will be resolved to my satisfaction. Indeed, this is what happened. The matter was resolved to my satisfaction and CRA concluded that the returns which Sam filed are reasonable and there is no need to further audit me nor my company. In summary, Sam is a life saver. He saved me and saved my family and now I am in the right track where all my tax filing obligations are met and I don’t owe any taxes. So grateful to Sam and his dedication while working on my file.
Response from the owner:Raj Thank you for the positive Google review. We are happy that you are satisfied with our services. Voluntary disclosure program is one of our specialties and we have dealt with many complex cases too. We get referrals from other professionals as we have been in the business of fighting CRA many years and we have countless success stories that many professionals are aware of. Please do contact us if you require further help in the future.
Sam is an excellent CPA and the best tax consultant in the country. He helped me to deal with a very complicated tax audit with the CRA where the CRA sent me a proposal assessment of 1.5 million dollars based on their net worth audit calculation and analysis. Sam was able to provide a counter analysis which highlighted significant mistakes that the auditor made with his assumptions and calculations. It’s ridicules that CRA wanted to taxed me on a loan that I obtained from my bank. Sam dealt with this audit perfectly. He demonstrated a very high level of expertise and CRA had to accept his counter analysis with no question asked. Many thanks to Sam’s efforts and high business standards in dealing with this issue and resolve it to my favor. I will have Sam as my primary CPA going forward so I can focus on doing business and will have a peace of mind in terms of the high quality of work done by him. Well deserved this review with the 5 stars rating.
Response from the owner:Yash Thank you for the positive feedback and the 5 stars Google review. We are glad that you are happy with our service and you are satisfied with the outcome. Net worth audits are very complicated and disputing them might get very tricky. We have been dealing with the same types of audits for many years and we are confident in fighting CRA and to point out mistakes that the auditor have made while performing the audit. We will remain at your disposal anytime you contact us in the future.
Sam Faris helped me with a complex cross border tax matter. This issue involved 12 years of tax returns and it was as a result from mistakes that my previous accountant did. He was able to perfectly address the issue with the CRA and to fix the returns under the voluntary disclosure program. End results; CRA accepted Sam’s work with not a single question and the returns were reassessed to my satisfaction without penalties and interest. Many thanks to Sam brilliant work.
Response from the owner:Dear Sir It was a pleasure working on your file and get you the results that you aimed to have and to your satisfaction. We have been dealing with similar cases for many years and we were confident that the results are favorable. Please feel free to contact us in the future if you do require further help.
I found Sam’s firm online and I read the excellent Google reviews about him and his team. I decided to hire him to help me navigate an issue with the CRA. Sam delivered as expected and as promised. Results were to my satisfaction and I am very happy with how the process was handled. Highly professional and extremely knowledgeable.
Response from the owner:Dear Tanya Thank you for the 5 stars Google review and your kind words. We strive to provide the best customer service and make our clients relax and calm during the process. The cases we are taking are very sensitive so providing quality work to the CRA is extremely important so just to avoid any escalation and to make sure that our package is accepted from the first round. We will remain at your disposal anytime you require our services. Sam Faris
You will notice Sam is very quick with his responses. He knows his stuff and gives solid advice. Highly efficient, would recommend.
Response from the owner:Dear Jay Thank you for the 5 stars positive review. Working with you was pleasant too. Many thanks for your business and please do feel free to contact me if you have any questions. Sam Faris
after the initial assessment I had with Sam, he proposed a strategy to dispute CRA decision. He knew up front how to approach my case as he seemed that he dealt with similar cases many times. I hired him the end results were as promised and no surprises. Sam is very trust worthy and has a high business standards. May thanks Sam.
Response from the owner:Many thanks for the positive review.
I recently turned to Faris CPA for help with my tax filing, and I must say, I'm over the moon with the results! The whole process was a breeze, saving me time and stress. What really stood out was the friendly professionalism, impressive expertise, and crystal-clear communication from Sam and his team. They made what could've been a daunting task feel like a walk in the park! If you're looking for a warm, approachable tax expert who genuinely cares about his clients, I wholeheartedly recommend Sam and the folks at Faris CPA - they're great tax consultants!
Response from the owner:Many thanks.
Working with Sam and his team was an extremely valuable experience. One of the best Tax consultants in Toronto I've ever come across.

He has a ton of experience resolving problems with the CRA and was truly a big asset to me when I had issues I needed help with.

Would highly recommend Sam and Faris CPA, thanks again for all the great work!
Response from the owner:Thank you Paul for your positive feedback and we are glad we met your expectations.
I had an amazing experience working with Faris CPA for my CRA needs. They really know the CRA processes and made everything so easy. They were super professional, always ready to answer my questions, and made sure everything was done right. I couldn't have asked for better help. Highly recommend their services for anyone dealing with the CRA! -Sara
Response from the owner:Thank you Sara for the 5 stars review.