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):
- bankruptcy returns;
- income tax returns with no taxes owing or with refunds expected;
- advance pricing arrangements;
- rollover provisions; and
- post-assessment requests for penalty and interest relief.
The list of FAQ was provided by Proccounting Inc, a firm that helps many Canadians solve their tax problems.