Published: March 3, 2020
Last Updated: April 20, 2020
The Canada Revenue Agency (the Canadian income tax department, “CRA”) released new guidelines for the voluntary disclosure program (tax amnesty) on October 22, 2007. The rules have become more restrictive in some areas, especially with respect to CRA actions with respect to a related party and enforcement actions by other authorities.
Disclaimer:
"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."
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