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”
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