Voluntary Disclosure Program - A Generous way to come Clean and have a Fresh start
                     Voluntary Disclosure Program - A Generous way to come
 Clean and have a Fresh start
https://www.maroofhs.com/post/voluntary-disclosure-program-vd
p-in-canada-come-clean-with-taxman/
The Voluntary Disclosure Program is intended to encourage 
conformity with Canada's existing tax regulations. Its goal is to 
encourage people to come forward voluntarily to resolve their tax 
issues with the CRA. It's a legitimate way to avoid understatement 
fines and other administrative penalties for income, sales, property, 
and other forms of taxes. Many people have been able to resolve 
their tax issues & obligations through a voluntary disclosure 
program. Thanks to this convenient program & a very generous way 
to come clean and have a fresh start!
Residents of Canada, as well as non-residents in certain 
circumstances, are required to file tax returns. They just pay sums 
owed to the Canada Revenue Agency for each tax year. These tax 
filing and payment duties are sometimes missed or incorrectly met. 
It may be purposeful or accidental! When it comes to paying taxes, 
mistakes happen. If they aren't rectified correctly, then you or your 
business might face additional penalties. There is the possibility that 
you may even invite a criminal procedure as well. It's simple to get 
caught. Did you comprehend with the fact that the CRA possesses 
records from Canadian banks, corporations, traders, and other 
entities that reveal how much and for what you were paid? Countries 
are increasingly agreeing to automatically share international data
Are you worried about the fact that your hard-earned money will be 
taken away from you and your family? Consider asking yourself the 
following questions: 
• Did you fail to report your income when you were paid in cash?
• Have you taken any personal expenses into account when 
calculating your earnings?
• Did you make some error while calculating your taxes?
• Have you been taken advantage of by a dishonest tax preparer?
• Did you missed out on any legitimate tax payments that must 
have to get reported?
• Did you misunderstand or get the legislation wrong?
Are you responded yes to any of the above questions? Are you 
knowingly or unknowingly failing to filed your taxes yet? The CRA's 
Voluntary Disclosure Program might be the most viable opportunity 
before you to come out of several worries. The Voluntary Disclosure 
Program is a way for Canadian taxpayers to address previous tax 
errors. It is a second opportunity before you. You must ensure that 
your disclosure comes in ahead of the CRA's audit. You have bad luck 
if you're being audited or asked to file returns that haven't been filed 
before. Don't wait for the CRA to catch the mistakes. You are 
safeguarded from penalties and prosecution only if you use the 
Voluntary Disclosure Program. Your tax counsellor or a certified 
public accountant can help you decide which approach is best for 
you.
Are you hoping to accomplish a fair & clean tax filing and save from 
penalties? A voluntary disclosure program may be the right way you 
can proceed! If you need help understanding what is best for your 
business or would like to discuss if you qualify for a VDA, reach out 
to Maroof HS CPA Professional Corporation, A CPA firm registered 
with CPA Ontario and CPA Alberta in Canada. Let them manage your 
VDA for you!
You can reach us at:
3-100 Hanlan Road, Woodbridge, ON L4L 4V8
Phone: (647)724-4308
Email: [email protected]
https://www.maroofhs.com/contact/
https://twitter.com/MaroofHS
https://www.facebook.com/MaroofHSCPA