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 Voluntary Disclosure AgreementsDepartment of Revenue 2015

2015-2025 Form

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Instructions and help about Voluntary Disclosure AgreementsDepartment Of Revenue

hey dale what should people do if they haven't declared all their income i'm glad you asked me nicky if people haven't declared all their income they could get into big trouble with the canada revenue agency especially if they get audited there could be criminal charges there could be gross negligence penalties what they should do is they should take advantage of the voluntary disclosures program what's the volunteer disclosures program i'm glad you asked the voluntary disclosures program is probably the best thing the canada revenue agency has ever come up with it allows canadians to come forward and get up to date on their taxes declare any undeclared revenues and fix any over-declared expenses and they can do so without any penalties without prosecution and without fear of reprisal from the cra the way it works is you have to satisfy certain criteria number one your disclosure has to be voluntary that means that you can't be disclosing

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