Resources
Frequently Asked Questions
Plain answers about our CPA services, tiers, cross-border tax, and how Fogain & Associates supports Canadian and U.S. clients.
What is Fogain & Associates Professional Corporation?
Fogain & Associates is a Canadian CPA and financial advisory firm offering integrated bookkeeping, tax preparation, tax planning, and CFO advisory services for both Canadian and U.S. residents.
What types of businesses do you work with?
We are a firm specializing in the creator industry, but our work extends to sole proprietors, incorporated small businesses, freelancers, self-employed professionals, and entrepreneurs. Our three-tier model means we have a plan for businesses at every stage.
Do you handle both Canadian and U.S. tax?
Yes. We prepare Canadian personal and corporate returns (T1, T2, T2125) and U.S. returns (Form 1040, Schedule C, Form 1065, Form 1120S, Form 1120).
What bookkeeping services do you offer?
Depending on your plan, we offer monthly or daily bookkeeping for real-time financials.
How do I know which tier is right for my business?
Tier 1: Essentials is ideal for sole proprietors and freelancers who need personal tax and monthly bookkeeping. Tier 2: Transformative is for incorporated businesses that need corporate returns, daily financials, and proactive planning. Tier 3: Elite is designed for high-earning clients who want fractional CFO services, advanced tax strategies, and concierge access.
What is included in Audit Protection?
Audit Protection covers CRA and IRS correspondence and representation at no extra charge for any tax return we prepared. If you receive a notice or are selected for audit, we respond and represent you throughout the process.
How quickly will my CPA respond to questions?
Tier 1 clients receive responses within 4 business days. Tier 2 clients within 1 business day. Tier 3 Elite clients are guaranteed a 24-hour response.
What is Zei, and how much can it save me in taxes?
Zei is a tax planning software integrated into our Tier 2 and Tier 3 services. It calculates your real-time tax position across Canadian and U.S. jurisdictions, identifies three quantified savings strategies, and generates a shareable report. Firm-wide, Zei has produced an average of $20,050 in annual tax savings per client. Individual results vary.
Do you offer corporate tax preparation?
Yes. Corporate and entity-level tax preparation is included in Tier 2: Transformative and Tier 3: Elite.
Can you help me incorporate or register for HST/GST?
Yes. Incorporating your business, setting up a holding company, and HST/GST registration are all included in Tier 2: Transformative and Tier 3: Elite.
What currency are your fees billed in?
Our fees are billed in the currency of your home country — CAD for Canadian clients and USD for U.S.-based clients.
What does Fractional CFO mean, and is it right for me?
A Fractional CFO provides CFO-level financial oversight without the cost of a full-time hire. Under Tier 3: Elite, Fogain & Associates delivers monthly FP&A (financial planning and analysis), actuals vs. forecast review, and key performance metric assessments — giving growing businesses the financial intelligence they need to scale.
How do I get started?
Reach out through our Zoom scheduler on our website to book an initial consultation. We'll assess your situation, recommend the right tier, and have you onboarded quickly.
Still have questions?
Book a consultation and we'll recommend the right tier for your business.