Radical Changes Coming That Will Kill The Voluntary Disclosure Program

The Voluntary Disclosure Program (VDP) has been one of the CRA’s most effective programs allowing taxpayers to disclose their unreported income to avoid prosecution or penalties. Changes coming January 1st, 2018 to the VDP will ultimately remove the main benefits of the program. The main changes include:

  • Large dollar amount disclosures will no longer qualify
  • Estimated taxes owing must be paid in full with the VDP application
  • The abolition of anonymous no name disclosures

The changes to the VDP will reduce your ability to avoid potential penalties and even jail time. It is vital to submit your VDP application as soon as possible before time runs out.

 

 

Free Tax Consultation

Avoid Penalties & Prosecution Through A Voluntary Disclosure

We are the CRA Voluntary Disclosure Program/VDP Experts

With over 55 years of collective experience working within the CRA, Tax Solutions Canada is uniquely equipped to help you avoid CRA tax penalties and prosecutions.

Canada Tax Solutions can effectively:

With great success, we routinely make VDP applications on behalf of individuals and businesses and we can help you too. Owing money to the CRA is not illegal, but failing to file tax returns and not disclosing income is! Let us help you solve your tax problem today.

To request your free consultation, please call us at 1-888-868-1400, or fill in the form on the top of this page.

 

Facebooktwittergoogle_pluspinterestlinkedinmail
CALL TODAY (855) 662-7229