Published: August 26, 2021
Last Updated: September 3, 2021
Toronto tax lawyer David Rotfleisch, founder of Rotfleisch & Samulovitch PC, recently wrote an article on Canadian-Accountant.com. In his writeup, David talked about the CRA’s Voluntary Disclosures Program (VDP), while also offering insights on a recent Federal Court case involving voluntary disclosure.
“It is crucial that a taxpayer ensure that any tax amnesty disclosure is complete, and that it covers all years and reporting periods for which the taxpayer was truant. Any failure to include relevant information under a voluntary-disclosure application will be grounds for the CRA to deny that taxpayer penalty and interest relief.” — Canadian-Accountant.com, “Voluntary Disclosure Applications: Canadian Tax Lawyer’s Guide”
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."