We offer Expert Advice
Have you failed to report all your income on one of your past tax returns?
Do you hold a foreign property that you have not reported to Canada Revenue Agency?
The Canada Revenue Agency gives a second chance to its taxpayers to come clean on their past tax filings without being charged with any penalties.
Under the Voluntary Disclosure Program, you can declare any unreported income or foreign property and if the disclosure satisfies the conditions laid out by CRA, all or partial penalties may be waived.
The waiver of penalties is however at the complete discretion of the Minister of Revenue. Therefore, it is extremely important that the VDP application is filed with the expert advice of a tax professional.
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