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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
Latest Posts in "Canada"
- CBSA Increases Certain Fees by 25.3% and Applies GST/HST Effective April 2026
- Alberta to Introduce 6% Tax on Passenger Vehicle Rentals Starting January 2027
- Canada Border Services Agency adjusts certain fees for inflation and GST/HST
- Alaska and Montana Consider Statewide Sales Tax Amid Fiscal Pressures and Revenue Diversification Needs
- British Columbia Expands PST to Professional Services in 2026 Budget, Effective October 1
