The Voluntary Disclosures Program (VDP) allows taxpayers to come forward and correct inaccurate or incomplete information or to disclose information they have not reported during previous dealings with the CRA, without penalty or prosecution.
A disclosure may be made for Income Tax and Goods and Services Tax/Harmonized Sales Tax (GST/HST) purposes, as well as for charges under [...]
Posts Tagged ‘Voluntary Disclosure Program’
CRA Voluntary Disclosures Program
by Survive and Thrive - Wednesday, July 8th, 2009
Taxes: Making the inevitable as painless as possible
by David Logan - Tuesday, July 7th, 2009Though it is a cliché, it does bear repeating as a simple, unavoidable truth – nothing is as certain as death and taxes. And while we can always hope that the first is far off, the latter will occur with frequent and unavoidable regularity.
As a business that may be struggling, or proactively looking at ways [...]
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