Tag Archives: CRA VDP

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

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

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

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