Posted on 14-Feb-2017 8:59
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The Canada Revenue Agency allows taxpayers to amend mistakes that they might have made during the filing of income tax returns. It also allows the taxpayer to reveal information which he or she might have missed out the first time, either accidentally or deliberately. This policy of the CRA is known as the Voluntary Disclosure Program (VDP or tax amnesty). It eliminates the possibility of taxpayers being penalised or prosecuted due to innocent mistakes or deliberate tax evasion and gives them a second chance to properly file income tax returns.
The voluntary disclosure rules are complex so the penalty is not always waived by the CRA. It is therefore essential to consult a professional Calgary tax lawyer before you apply for the VDP. Canadian Tax Amnesty has a team of experienced Calgary tax lawyers who can tell you beforehand what you are looking at and what you should expect while dealing with the CRA.
David J. Rotfleisch and his team of associate tax lawyers at the tax law firm are experts in dealing with VDP cases and literally do so on a daily basis. They will advise you if you should submit an application under the VDP program or deal with your tax issues in some other way.
Whether you are a self-employed individual or a business, we have the best possible solutions for your VDP related issues.
If you have the need for a consultation, give us a call at 416 367 4222 or write to us at [email protected]. The initial phone call or email response is free.
