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Voluntary Disclosure

Canada Revenue Agency and Quebec Revenue have established a program called
Voluntary Disclosure.

With this type of program, a taxpayer that would have omitted to declare some revenues or produce tax reports from previous years has the possibility of addressing this demand in order to update his file and prevent applicable penalties and/or legal actions.

With the intention of verifying prior to a settlement if the project is acceptable he may do it anonymously. The program permits the taxpayer to consult the tax authorities without having to divulge his identity.

By using such a program a taxpayer can prevent himself from serious worries in the future.

Tax authorities consider their voluntary disclosure policy as an important and decisive mean of encouraging the voluntary way by permitting taxpayers to regulate their tax situation while preventing the administrative penalties and in certain cases criminal prosecution.

Both Federal and Provincial tax entities have nevertheless pre established certain conditions that might seem complex before accepting the benefits of the Voluntary Disclosure.

This is why our office offers the taxpayer who wishes to update his situation, a judicious expertise in order to negotiate this type of global agreement of settlement.

Contact us to learn more...