Canada Expands Voluntary Tax Disclosure Program to Include Digital and Housing Levies

Canada Revenue Agency updated its Voluntary Disclosures Program to cover all tax types including new digital services tax and underused housing taxThe program allows taxpayers to voluntarily correct past errors or omissions before CRA initiates contact for tax years at least one year overdueUnprompted applications receive 100 percent penalty relief and 75 percent interest relief with no criminal prosecution referralsPrompted applications where CRA already made contact still get 100 percent penalty relief but only 25 percent interest reliefThe expanded program helps businesses and individuals address compliance issues proactively across income tax GST HST withholding taxes excise duties luxury tax and global minimum tax

Source: globalvatcompliance.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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