Voluntary Disclosure Program (VDP)
                     Voluntary Disclosure Program (VDP)
https://www.maroofhs.com/post/voluntary-disclosure-program-v
dp-in-canada-come-clean-with-taxman/
If you have intentionally misreported, consider the 
Voluntary Disclosure Program (VDP). You will still have to pay 
the taxes owing and the interest generated due to the corrections 
but if your application is accepted by the CRA you could receive 
penalty relief or prosecution relief and some of your interest 
generated could also be waived off.
To apply for VDP, certain criteria need to be met:
i) The disclosure must be made before the CRA 
finds out about it and contacts you.
ii) You should provide complete information.
iii) The information must be older than a year
iv) You must be facing penalties or tax charges.
It is always advisable to seek professional advice from a qualified 
accountant as it is difficult to keep track of all the rules and changes 
made in tax filing. You are also more prone to making mistakes that 
could cost you a lot if you do not have the proper knowledge.
If you are looking for expert advice and assistance regarding your 
individual income tax return, corporate taxes, or cross-border 
income tax matters, Maroof HS CPA Professional Corporation is 
here to help 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