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Have foreign bank accounts, property, or investments over $100,000 outside Canada? You are required to report them every year. Penalties for failing to file start at $2,500 per form, per year. And t
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Posting luxury cars, vacations, and watches online? Just make sure your tax return tells the same story. The CRA doesn’t just review filings. They review lifestyle. Social media is often used to comp
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Living large but reporting modest income can trigger CRA scrutiny. If your lifestyle and filings don’t align, you may still have options. A voluntary disclosure can help eliminate penalties and reduc
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CRA seized $1M in HST after an audit. The books were wrong. The filings were wrong. The file had to be rebuilt from scratch. A formal objection was filed β€” and the full $1M plus interest was recover
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Foreign assets not declared? Banks and the CRA eventually connect the dots β€” especially with estates and cross-border accounts involved. Through a voluntary disclosure, penalties can be avoided and
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If income wasn’t fully reported in past years, you’re not the only one. Cash jobs. Missed deposits. Bad advice. It happens. But the CRA’s matching systems are built to catch discrepancies eventually.
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When the CRA starts asking questions, it’s rarely random. They connect lifestyle, assets, and financial patterns long before you see a formal notice. And once a net worth audit begins, the numbers ca
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If CRA Collections is calling, the file has escalated. At that stage, letters were already sent. Deadlines have passed. Enforcement can follow. Garnishments. Liens. Frozen accounts. This is not the
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Tax debt does not disappear with the taxpayer. The CRA is paid from the estate before assets are distributed to heirs. In some cases, surviving spouses or directors can face exposure depending on th
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CRA authority is federal. Tax debt does not reset when you change addresses. It does not disappear when you change provinces. Relocation does not stop collections, garnishments, or liens. Avoidan
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Your accountant should protect you. Not just file for you. If they only talk to you once a year, never mention tax planning, and cannot explain CRA letters clearly, that is not strategy. That is data
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If you owe the CRA, pay attention. For over 20 years, I’ve helped Canadians deal with arbitrary assessments, massive tax debts, and property liens. I negotiate payment plans. I pursue penalty relief
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About @faris.cpa

Faris CPA Chartered Professional Accountant is a Instagram growing creator. With 799 followers and 12 posts, faris.cpa's account shows a follower-to-following ratio of N/A:1. View all content anonymously on Pictame - no login required.

faris.cpa's engagement rate sits at 0.88%. For accounts with 1K-10K followers, the average is around 5%, so there's some room to grow β€” though every community is unique.

Out of the last 12 posts, 100% are videos and 0% are photos. Content shows up about every 4 days. Captions lean detailed, averaging 515 characters.

0.88% engagement rate β€” room to grow compared to average for 1K-10K follower accounts.
Posts about every 4 days.

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faris.cpa
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@faris.cpa

Faris CPA Chartered Professional Accountant

Public
Posts
12
Followers
799
Top Hashtags
#FarisCPA#TorontoCPA#TaxResolution#CRATaxHelp#CanadianTaxes#TaxConsultant#SmallBusinessCanada#TaxCompliance

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Engagement
0.88%

If you’ve got CRA stress, let Faris CPA handle the mess. Canada’s trusted CRA audit & tax dispute experts.

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