Frequently Asked Questions

Fogain & Associates is a Canadian CPA and financial advisory firm offering integrated bookkeeping, tax preparation, tax planning, and CFO advisory services — for both Canadian residents and cross-border clients with U.S. obligations.

We work with sole proprietors, incorporated small businesses, freelancers, self-employed professionals, and entrepreneurs with cross-border (Canadian and U.S.) tax situations. Our three-tier model means we have a plan for businesses at every stage.

Yes. We prepare Canadian personal and corporate returns (T1, T2, CO-17, T2125) and U.S. returns (Form 1040, Schedule C, Form 1065, Form 1120S) — making us a strong fit for dual citizens, cross-border workers, and Canadians with U.S. entities.

Depending on your plan, we offer monthly bookkeeping (reconciliations, accounts receivable/payable, paperless payables, software data feeds) or daily bookkeeping with real-time financials and an accounting software license included. All work is performed to CRA-ready standards.

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 by invitation and is designed for high-earning clients who want fractional CFO services, advanced tax strategies, and concierge access.

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.

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 and have direct phone access to the firm's principal, Rony Fogain, CPA.

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.

Yes. Corporate and entity-level tax preparation — T2, CO-17, Schedule C, Form 1065, Form 1120S — is included in Tier 2: Transformative and Tier 3: Elite.

Yes. Incorporating your business, setting up a holding company, and HST/GST registration are all included in Tier 2: Transformative and Tier 3: Elite.

Our fees are billed in the currency of your home country — CAD for Canadian clients and USD for U.S.-based clients. All plans are subject to applicable taxes (HST/GST for Canadians; sales tax where applicable for U.S. clients). Tier 1 starts at $999.99/month, Tier 2 at $1,299.99/month, and Tier 3 at $2,999.99/month.

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.

Reach out through our website to book an initial consultation. We'll assess your situation, recommend the right tier, and have you onboarded quickly.