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.

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On The Blog: More Tax Problems Resources

Other Services

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

Net Worth Audit

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

Excellent

Faris CPA | Toronto Tax Accountant

Based on 345 reviews

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Very glad I contacted Sam and his team for help with my tax situation. I had worked with other accountants in the past but none of them were as knowledgeable and easy to work with as the Faris CPA team. They were able to help me resolve my situation and better prepare for the future.

Update - it’s been a few years now and can confirm that working with Sam as my tax consultant was an excellent choice and highly recommend him!

SERENITY SPA & LOUNGE

Save your time and money and hire Sam Faris for any problem with the CRA. He is the man to fight the CRA and get you the best results. His firm a top consulting firm I have ever dealt with. He is honest, trustworthy and very professional on both personal and business levels. He won my case against the CRA and the audit went through very smoothly because of his top notch service and expertise. I wish I met Sam before. I paid other professionals but they were disappointing and did not deliver what Sam delivered.
Many thanks Sam and I will definitely refer my clients and family to him.

Response from the owner:Thank you for the five stars Google review and your kind words. We strive to provide the best customer service and to ensure that our clients feel that they are in a safe hands while we are working on their files. We understand that CRA audits are not a pleasant experience to have and we do our best to provide strong arguments to dispute CRA’s decisions and protect our clients’ best interests. Thanks you again and we will remain at your disposal if you need our service in the future.

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.

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 reading HST and income tax audit. CRA claimed that I owe significant amount of HST and income tax. Mr. Faris was able to perform a detailed analysis which was backed up with previous court cases. As a result of his sophisticated work, he was able to convince CRA that the property was not subject to HST and income tax and the case was closed with zero hst owing. Thank you Mr. Faris for all your hard work.

Aymann El-Hakim

Sam and his team are an amazing tax consulting firm. They know how the CRA operates and are able to get results based on your actual numbers, not the inflated CRA ones. More importantly, they are super professional and more cost-effective than I would've thought. The Faris team really are life-savers!

Response from the owner:Dear Aymann Your feedback is much appreciated. We have been in business many years now. We have dealt with countless and different types of CRA audits. We noticed that the CRA always attempt to assess on inflated numbers. We have been successful to reduce the CRA numbers and to prove to the CRA their numbers are inflated. As result, CRA would accept our numbers as our work is perfectly reconciled and backed up with the appropriate documents.

I found Sam online and I was I impressed with the excellent reputation and all the good results that he achieved to his clients. I decided to hire him to handle a complex matter with the CRA. With no surprises, Sam performed the work on timely manner and in the most efficient way possible. He kept his promises and he saved me significant amount CRA claimed that I owed. Sam was very transparent while working on my file and kept me in the loop. If you are looking for an excellent and expert tax consultant, Sam is the man. You will never be disappointed.

Response from the owner:My pleasure and thank you for the positive review.

Faris CPA has helped me to go through a very difficult time in my life while the CRA was after me and my family claiming that we have significant amount of unreported income. Sam and his team took over the file and dealt with it in the most efficient and effective way. They provided every single reconciliation and backup to show that the CRA assumptions are baseless. They were able to stop the escalation based on their sophisticated strategy and I am so grateful for them.
Sam and his team are expert and solid tax consultants who can fight CRA audits confidentiality and aggressively. They are the sharks and the best in the country to do so.

Response from the owner:Omar Your review and kind words are much appreciated. We are glad that you are happy with our performance and the outcome of the audit. we will remain at your disposal if you need our service in the future.

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.

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