THE END OF THE VOLUNTARY DISCLOSURE PROGRAM?
- Wayne Bewick, CPA, CA, CPA (Illinois) Partner, Expatriate Tax
- 1-416-214-7833 x 101
Current VDP guidelines allow Canadians who know they have made mistakes on their previous tax returns, from at least one year prior, to come forward and notify the Canada Revenue Agency (CRA) of their misfiled documents. They can then make the appropriate changes to the information without fear of prosecution. The proposed changes would drastically change these policies, including: