The Voluntary Disclosures Program and Overseas Income

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toronto > Services > Legal > The Voluntary Disclosures Program and Overseas Income (#107181)
User: 28107
Location: 2822 Danforth Ave, Toronto, ON, CA, Toronto [map]
Phone: (416) 367-4222
Website: https://www.canadiantaxamnesty.ca/
Description

When the CRA introduced the Voluntary Disclosure Program (“VDP”), one of the main purposes was to give Canadian taxpayers who had money or income earned overseas the incentive to own up to the amounts, pay the taxes owing and rest easy knowing they could access their money in Canada without penalty or prosecution. To date our Canadian income tax lawyers have helped numerous clients safely repatriate their money.
As a part of the Voluntary Disclosure Program, taxpayers are required to meet 4 conditions in order for the voluntary disclosure to be accepted:
1. The disclosure must be "voluntary";
2. The disclosure must be "complete";
3. The disclosure must involve a penalty;
4. The disclosure must contain information that is one year past due or if not one year past due, the disclosure was not made to avoid late filing penalties.

All you need to submit your voluntary disclosure is our expert Calgary tax lawyers’ assistance and you will get it from Canadiantaxamnesty.com. To hire the best Canadian tax lawyers or to learn more about our services, visit us or contact us below:
Address:
2822 Danforth Avenue
Toronto, Ontario M4C 1M1
Email: [email protected]
Phone: 416-367- 4222
Fax: 416-367- 8649
Web Address: https://www.canadiantaxamnesty.ca/

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