Author: Simon Zhong

Any of the following types of housing units can be a principle residence:

What is “named” disclosure method? A “named” disclosure is a disclosure in which the identification of the tax payer is stated on the initial voluntary disclosure submission.

Can I make an anonymous disclosure through Voluntary Disclosure Program (VDP)? You can make an anonymous disclosure, also known as the “no-name” method. A non-name disclosure means you do not identify yourself on the initial disclosure submission, but you do have to prove how you meet the four criteria. You must also supply the supporting…

Can I make a disclosure through Voluntary Disclosure Program (VDP) more than once? You cannot make a second submission for the same issue for which you originally received the benefits of Voluntary Disclosure Program (VDP) because you are expected to keep your affairs up to date after using the VDP.

What is the effective date of disclosure? The effective date of disclosure is the date the CRA received your completed submission. The date is stamped on the envelope when it is received in the CRA mail room. 

What is not accepted under the Voluntary Disclosure Program (VDP)? Disclosures relating to any of the following are not accepted under Voluntary Disclosure Program (VDP):

What is accepted under the Voluntary Disclosure Program (VDP)? The following are circumstances under which Voluntary Disclosure Program (VDP) relief may be granted:

How can I make a voluntary disclosure? You must send in a written submission to make a voluntary disclosure. Form RC199, Voluntary Disclosures Program (VDP) Taxpayer Agreement, should be used to initiate the disclosure. A copy of this form is available on the CRA’s website at: www.cra.gc.ca.  

Who can make a voluntary disclosure? Not only individuals can make a voluntary disclosure. Any taxpayer can make a disclosure.

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: