Frequently asked questions about voluntary disclosure program – named

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.

 

What are the conditions for a valid voluntary disclosure?

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 effective date of disclosure?

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

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

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