Voluntary Disclosure of Unreported Income
You have been losing sleep because of unreported taxable income earned over the past number of years. Or you may have money held offshore and you would like to come clean. Or perhaps you have not filed any tax returns at all and the CRA has not caught up to you – yet. Don’t worry – we can help you disclose unreported income, under-reported income or offshore money and minimize the risk of criminal prosecution and crippling penalties / interest.
The CRA is ramping up compliance enforcement in many sectors. It is much better if you go to them before they come to you. Through the Voluntary Disclosure Program, the CRA offers incentives in the form of penalty and interest relief in exchange for Canadian taxpayers disclosing previously unreported income either earned here in Canada or abroad.
We have assisted hundreds of taxpayers with Voluntary Disclosure Applications and have achieved excellent results for our clients.
We can assist you with your Voluntary Disclosure Application and help you with the preparation of outstanding tax returns – all while maintaining complete solicitor-and-client privilege.