Frequently asked questions about voluntary disclosure program – accepted

What is accepted under the Voluntary Disclosure Program (VDP)?

The following are circumstances under which Voluntary Disclosure Program (VDP) relief may be granted:

  • failed to fulfill your obligations under the applicable act;
  • failed to report any taxable income you received;
  • claimed ineligible expenses on your tax return;
  • did not remit your employees’ source deductions;
  • did not report an amount of GST/HST (which may include undisclosed liabilities or improperly claimed refunds or rebates, unpaid tax or net tax from a previous reporting period);
  • did not file information returns; or
  • did not report foreign-sourced income that is taxable in Canada.

What are the conditions for a valid voluntary disclosure?

Who can make a voluntary disclosure?

How can I make a voluntary disclosure?

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.