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Expanded Coverage: The CRA’s updated Voluntary Disclosures Program now covers all tax types, including income tax, GST/HST, luxury tax, digital services tax, underused housing tax, excise duties, and global minimum tax.
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Eligibility Requirements: Taxpayers qualify if disclosures are voluntary, concern periods at least one year overdue, provide complete documentation, and include full payment or arrangements before CRA initiates compliance actions or investigations.
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Relief Benefits: Unprompted disclosures receive 100% penalty relief, 75% interest relief, and no criminal referral, while prompted ones still benefit from full penalty relief, reduced interest, and protection against prosecution.
Source: GVC
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