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Blogs tagged with voluntary disclosures program

Proposed Changes to Voluntary Disclosures Program Will Make it More Demanding

If you know that you’ve made a mistake on a return, made incorrect claims, or haven’t filed in years, the Voluntary Disclosures Program (VDP) may be an important resource for correction and protection. It gives you a chance to revise a tax return you have already filed or file a…

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Afraid of the Offshore Tax Informant Program? Voluntary Disclosures Program Can Help

We’ve spoken about it before: the Offshore Tax Informant Program, also known as the CRA Snitch Line. This program is one that often rewards those individuals who bring information to the CRA which results in the discovery of questionable tax activity, namely offshore holdings which are unreported. With an increase…

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The Voluntary Disclosures Program: Does the CRA Grant Relief?

The Voluntary Disclosures Program is offered by the Canada Revenue Agency to those seeking relief from interest and penalties on a tax debt as yet unknown. It is a program which allows you, the taxpayer, to come forward and disclose information which would result in a debt, penalty and interest.…

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Panama Papers Leak – Mossack Fonseca Identified as Tax Haven for Wealthy

The largest data leak in journalistic history has revealed rare insights into how the rich and powerful use tax havens to hide their wealth. Dubbed the “Panama Papers”, these 11.5 million documents reveal how Mossack Fonseca, a secretive Panamanian law firm, has been helping wealthy clients hide income and assets,…

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