Category Archives: VDP Tax Amnesty

Unreported PayPal Business Income

  Recent news alerted all Canadian online business owners that their PayPal Business Accounts will be handed over to the CRA. This will have serious tax consequences if they have Unreported PayPal Business Income. This news is a result of the Canada Revenue Agency (CRA) moving forward to aggressively address non-compliance specifically unreported income or » Read More

How The VDP Canada Submission Works

Alternatively called Tax Amnesty or Tax pardon, the Voluntary Disclosures Program (VDP) belongs to the Canada Revenue Agency. The CRA uses the VDP Canada program to collect pending taxes from the taxpayers in a respectable manner.  Taxpayers are requested to step forward and correct their tax information and disclose new information they had previously withheld. » Read More

What VDP Canada Requires From Canadians

Do you know anything about the VDP Canada? The VDP or Voluntary Disclosures Program is managed by the Canada Revenue Agency. The program emphasizes compliance with the taxation laws followed in Canada. It is meant for businesses, individuals, employers, residents, non-residents and trusts. Through its VDP Canada program, the CRA motivates all the above mentioned » Read More

Taking Part In The Canadian Voluntary Disclosure Program

It is easy to make a mistake if you fill in your tax return without professional help. It could be that you misinterpret what needs to be done, or just don’t put the figures in the right place. In Canada, the Canadian Voluntary Disclosure Program allows residents to contact the CRA and let them know about incorrect » Read More

The Taxpayer and the Voluntary Disclosure

When a taxpayer feels that the filing of the tax return was not so accurate, there are bound to be fears concerning possibilities of a CRA audit and assessment. This will also be the case for those employers who have not remitted their Sales Taxes or their payroll deductions. It will be a nightmare of » Read More

Taking Advantage of Tax Amnesty Offer by the CRA

When there is a situation where you have to take up the tax amnesty offer provided by the CRA, it is advisable to seek expert professional advice on these tax matters. Tax amnesty offers a second chance to the Canadian residents who have not filed their taxes regularly and are feeling nervous about it. After all, it can be » Read More

CRA Voluntary Disclosure Helps to Waive Penalties

In case of unreported income or late filing taxes that relates old tax years problem. Taxpayers have the option to file voluntary disclosure, CRA could grant a complete waive of interests and sometimes a partial relief of interest. If taxpayer files an anonymous voluntary disclosure, the taxpayer has a period of ninety days from the » Read More

The Canadian Tax Amnesty Offered by the CRA

Many Canadian taxpayers have come clean with their concealed offshore bank accounts to the CRA as part of the Canadian government’s tax amnesty programs. It has allowed the Canadian Treasury to collect many Canadian Dollars in unpaid taxes. The voluntary disclosure programs or the tax amnesty programs are part of the comprehensive initiative to deter » Read More

A Roadmap to Voluntary Disclosure Program Canada

A voluntary disclosure could be made by any taxpayer in Canada. You can be an individual, a business enterprise or a trust. You can be a resident or a non-resident of Canada. You can be an employer or a payer. You are entitled even to appoint an authorized representative to file a disclosure on your » Read More

An Insight Into Voluntary Disclosure Program Canada

Canadian taxpayers with offshore assets and accounts are legally bound to reveal these interests to the Government on their Individual Tax Returns, and file a corresponding Form T1135, Report of Foreign Bank and Fiscal Accounts. If CRA agents discover that someone has not noted an interest in an offshore account or revenue accruing on such » Read More

Don’t Miss Out A VDP Toronto Opportunity

Providing Accurate Tax Information for VDP Toronto Stating the correct, accurate and right information in your tax returns is very important. The VDP (Voluntary Disclosures Program) allows one to correct any incomplete or inaccurate information. VDP Toronto also allows one to disclose any information which was not reported in any dealings with CRA (Canada Revenue » Read More

Need a Tax Amnesty Agent?

Need a tax amnesty agent? The perfect place for you to go is Tax 911 now if you are in the Toronto, York Region, Durham Region and more. We have a long history of helping clients resolve their tax problems.    Tax Amnesty Agents Find a tax agent to help you with tax amnesty to » Read More

Need Tax Amnesty Agents to Help You with the CRA?

The Canada Revenue Agency (CRA) has a Voluntary Disclosures Program to assist taxpayers with disclosing information about prior tax affairs that need to be resolved. If you live in Toronto, the York Region or the Durham Region and you are delinquent due to known inaccuracies, incomplete information or a failure to submit your income taxes, Tax » Read More

Tax 911 Now and Tax Amnesty

Falling behind on your taxes is never desirable. However, sometimes there isn’t much you can do about it. Whether you forget to file or you just don’t have the money to pay the taxes, eventually you might lag behind and, without notice, the government can come knocking on your door. Nobody wants to deal with » Read More

What You Should Know About Canadian Tax Amnesty?

CRA tax amnesty, also known as Voluntary Disclosure Program or VDP, is when the Canadian government allows a taxpayer to fix a mistake on a previous return or declare income that they had previously left off of their return. The purpose of CRA tax amnesty is to provide the taxpayer with an opportunity to amend » Read More

Need CRA Tax Amnesty VDP in Toronto?

The CRA Voluntary Disclosure Program, also known as VDP or CRA Tax Amnesty Program, will help taxpayers get a considerable boost that they can use to get over any tax hurdles. VDP can also be a confusing process, since the process may require several different types of paperwork depending on which type of disclosure you » Read More

Voluntary Disclosure Program (VDP)

As the Canada Revenue Agency (CRA) moves forward to aggressively address non-compliance on unreported income or unfiled taxes, it becomes more important that you need to be aware of the Voluntary Disclosures Programs (VDP) In cases of gross negligence, the Income Tax Act allows the CRA to assess a penalty of up to 50% of the unpaid » Read More