Voluntary Disclosure Program
Introduction: The Voluntary Disclosure Program (VDP) offers a pathway for individuals and businesses to correct inaccuracies or omissions in their dealings with the Canada Revenue Agency (CRA) while potentially avoiding penalties or prosecution.
Understanding the Voluntary Disclosure Program
- Eligibility Criteria: The VDP is available for disclosures that are voluntary, complete, involve a penalty, and include information that is at least one year overdue.
- Benefits of Voluntary Disclosure: By voluntarily disclosing, clients can avoid penalties, reduce interest charges, and gain relief from prosecution related to the disclosed information.
- Types of Disclosures: Covers a range of tax matters, including income tax, GST/HST, source deductions, and charges under the Excise Tax Act or Excise Act.
Our Representation in the VDP Process
Expert Legal Guidance for a Smooth Process
At Jahanshahi Law Firm, we offer expert assistance in navigating the VDP. Our services include:
- Confidential Assessment: Initial review of your case to determine eligibility and strategize the best approach for disclosure.
- Preparing and Submitting Disclosures: Assisting in gathering necessary documentation and accurately preparing the voluntary disclosure application.
- Negotiation with the CRA: Engaging with the CRA on your behalf to advocate for favorable terms and relief.
- Comprehensive Advice: Providing advice on the implications of disclosure and steps to maintain compliance moving forward.
Why Choose Us
- Experience and Expertise: Skilled professionals with in-depth knowledge of tax laws and the VDP.
- Client-Centered Approach: We prioritize your privacy and interests throughout the process.
- Commitment to Integrity: Ensuring your disclosure is complete, accurate, and in line with CRA requirements.
For confidential advice and representation in the Voluntary Disclosure Program, please contact us by clicking below: