We solve serious CRA tax problems

Tax Problems & Representation

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A tax audit can be a frightening experience. If you are audited by the CRA, you risk being found guilty of tax evasion or any other tax problem. The auditor will ask for your books, records, and bank statements. If any of this information is found to be incorrect or incomplete, it may be used against you. The penalty for tax evasion can be a costly one. Penalties range between 50-200% of the evaded sum. Ignoring the CRA can result in them taking collection action whether you know what you owe or not. CRA collection action is not only used to collect debts, but also to make you comply with CRA requests. At Faris CPA, we can represent and advise you during the audit and post audit process. We can reply to the audit proposal and/or fix your books and records if necessary so that your tax problems can be solved. . If the audit result is unfavorable, we can file a Notice of Objection to get a more favorable result.

EXPERT TAX ACCOUNTING FIRM

Call Us Today At For A Confidential Initial Assessment About Any Accounting Or Tax Matters. As An Experienced, Certified, Licensed, And Expert Tax Accounting Firm We Help Our Clients Handle All Tax And Accounting Issues. Give Us A Call Today At 1 844 340 5771.

Sam Faris is a Toronto-based Chartered Professional Accountant who practices as an independent consultant on high-level Canadian tax matters and handles disputes with CRA.

He has recently published an article a business magazine: HERE.

Tax Problems? Contact us Today

On The Blog: More Tax Problems Resources

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Understanding the Dangers of Outstanding Tax Returns

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Other Services

Faris CPA is proud to offer a wide variety of tax-related services, not limited to:

CRA Audits

Net Worth Audit

GST HST Audits

CRA Tax Assessments

Voluntary Disclosures

FAQS

How many years can you go without filing taxes in Canada?
In Canada, you can go up to 10 years without filing taxes. However, the CRA will penalize you a 5% penalty for late filling plus 1% interest per month on the amount owing. The tax agency can also take away your provincial medical plan or your GST cheques plus other benefits if you fail to pay after the period elapses.
Can you go to jail for not filing taxes in Canada?
Yes! Tax evasion is a crime in Canada. Tax evaders are charged a fine of anywhere between $1 000 and $25,000 and up to one year in prison. Also, when convicted, they must still repay the full amount of taxes owing, plus interest and any civil penalties assessed by the CRA.
Can the CRA check my bank account?
The CRA has access to information from all Canadian financial institutions so that it can establish undeclared, taxable interest, dividend and capital gains income. The CRA can therefore check your bank account.
What might trigger a tax audit by the CRA?
The CRA might tax audit you if you frequently claim losses on a business or a rental property. To help your case, you should ensure that you’ll be able to prove that you’re running a legitimate business and claiming all sales.
What happens if you are audited by the CRA?
If the CRA audits you, they will examine your books and records to determine whether you continue to fulfill your tax obligations, abide and comply with tax laws, and receive the benefits and refunds to which they are entitled.
What will the CRA do if they find information about you that is incorrect or incomplete?
If the CRA finds information about you that is incorrect or incomplete, they will notify all nationwide CRAs to correct this information in your file. They should also provide written results to you and a free copy of your report if the dispute results in a change.

Testimonial

“Sam Faris & his team provided a highly professional accounting & tax service that was both comprehensive & detailed. Additionally, Sam was excellent at collaborating with other professional advisors that I use. As an entrepreneur, I’d highly recommend Faris CPA.”

Mark Barnicutt
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

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Faris CPA | Toronto Tax Accountant
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M “Moss” T
I was referred to Sam Faris by a tax lawyer to handle my a complicated tax audit by the CRA and to refile all my outstanding corporate and personal tax returns. He was highly recommended by the tax lawyer and by other professional. The minute I hired Sam to sort out the big mess that I had with the CRA, I felt I am safe and in a good hands. He and his team were responsive to my questions and my concerns. Once he completed his work, he insisted to meet in person with the auditor and the team leader. His work quality was second to none. He backed up all accounts prepared a perfect reconciliation. On that basis, he presented his work confidentially and was able to convince the CRA team with his position and his calculations. I must admit that Sam Faris is the best tax consultant and he is a life saver. As a side note, his fee is very reasonable considering to other professionals and more importantly the work quality and the results that he achieved are unbeatable.
Response from the owner:Many thanks Moss for the positive review.
Raj Patel
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.
yash Pandya
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.
United Coachline
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.
Tanya Steele
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
Costa Warwar
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.
Asam Afzal
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.
Paul Teitelman
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.
Grace Drysdale
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.

Get your CRA issues resolved so you can sleep at night

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