CRA is increasingly receiving foreign financial information from other countries and reassessing taxpayers for unreported income. Learn the risks and how the Voluntary Disclosure Programs may still help.
CRA Foreign Income Matching Letters and the Voluntary Disclosures Program Read More »
A voluntary disclosure can provide relief from penalties and potential prosecution, but only if it is made before the CRA takes enforcement action.
CRA now draws a line between prompted and unprompted voluntary disclosures. That distinction governs how CRA classifies an application and the scope of relief available under the Voluntary Disclosures Program.
Prompted vs. Unprompted Voluntary Disclosures Under CRA’s New Rules Read More »
Learn how the CRA’s removal of the 90-day extension changes the Voluntary Disclosures Program and what taxpayers must now prepare before filing.
The CRA Eliminates the 90-Day Extension for Voluntary Disclosures Read More »
The CRA has released new rules for the Voluntary Disclosures Program effective October 1, 2025. We explain what has changed and how taxpayers can benefit.
CRA Updates the Voluntary Disclosures Program: What Taxpayers Need to Know Read More »
Made a tax mistake? The CRA Voluntary Disclosure Program can reduce penalties and protect you—if you act before they audit.
The CRA Voluntary Disclosure Program: Fix Tax Mistakes Before It’s Too Late Read More »
