Frequently asked questions about voluntary disclosure program - conditions

What are the conditions for a valid voluntary disclosure?

A disclosure must meet the following four conditions in order to qualify as a voluntary disclosure:

  1.  the disclosure is voluntary, e.g. it is made before you become aware of any compliance action taken by the Canada Revenue Agency (CRA) against you;
  2. the disclosure must involve the application, or potential application of a penalty;
  3. the disclosure must include information that is at least one year overdue; and
  4. the information provided in the disclosure must be complete and accurate.

 

Who can make a voluntary disclosure?

How can I make a voluntary disclosure?

What is accepted under the voluntary disclosure program (VDP)?

What is not accepted under the voluntary disclosure program (VDP)?

What is the effective date of disclosure?

Can I make a disclosure through Voluntary Disclosure Program (VDP) more than once?

Can I make an anonymous disclosure through Voluntary Disclosure Program (VDP)?

What is "named" disclosure method?

The list of FAQ was provided by Proccounting Inc, a firm that helps many Canadians solve their tax problems.

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