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Musings of a Tax Chick: Falling on bended knee... what you need to know about the Voluntary Disclosure program
Manage episode 442972660 series 3323236
Sisällön tarjoaa Amanda Doucette. Amanda Doucette tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
Are you behind in your tax filings? I mean REALLY behind... like more than the last year or two?
Did you make a mistake in a previous filing?
Canada Revenue Agency's Voluntary Disclosure Program might just be for you! I have had a couple calls this past week about the "VDP" program, and I thought this might be a great time to dispel some myths.
In this episode:
1. I discuss what the program is, and when you would choose to apply.
2. Provide some insight into the criteria for a successful application
3. Talk next steps.
It is so important to remember that VDP does not get you out of paying the tax - in fact, you have to prepay the tax up front-when you make the application! It just offers amnesty from penalties.
RESOURCES DISCUSSED ON THIS EPISODE:
HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:
- My website!
- Email: thetaxchickpodcast@gmail.com
- @tax.chick (IG)
- Be a "Tax Chick VIP"
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