Voluntary Disclosure Program
Faris CPA, with offices in Toronto, help individuals and corporations across Canada file unreported offshore income and portfolio investments under CRA’s Voluntary Disclosure Program (“VDP”). We can accommodate voluntary disclosures from the simple to the most complex, and will perform all necessary accounting work to file your Voluntary Disclosure application. All this at an affordable cost.
Call 1 844 340 5771 for an assessment with an experienced tax accountant.
Our experience and commitment is your peace of mind.
Unfiled taxes? Unreported Offshore Income?
As experienced certified, licensed, and expert tax accountants, we help our clients with all their tax issues. Voluntary disclosure (tax amnesty) applications are one of our specialties.
The CRA's Voluntary Disclosure Program promotes compliance by urging you to come forward voluntarily and fix omissions in your previous dealings with the CRA. Taxpayers who submit a valid voluntary disclosure pay the principle taxes or charges, without the penalties or criminal prosecution that they would otherwise face. In some cases, the CRA may also waive interest charges.
We can help you to correct your tax issues with the Canada Revenue Agency under the Voluntary Disclosure Program. This can include:
- Unreported or under reported income from employment or business;
- Unreported capital gains;
- Errors made on a previously filed tax returns;
- Unreported foreign income that is taxable in Canada; and
- Ineligible expenses claimed on a tax return.
CRA’s VDP can cover both income taxes and GST/HST.The penalties for not disclosing unreported income can be extremely serious. Faris CPA may be able to help reduce your penalties to nil.
Read more about Voluntary Disclosure Program.
D.R., Toronto – Client
“I engaged Sam Faris and his team to help deal with my unreported offshore portfolio and income. Sam’s skillful submission got me full relief on penalties and interest, and the submission was approved as filed. The entire exercise was efficient and effective. Based on my dealings with Sam, I’ve decided to continue our relationship and have Sam prepare annual tax filings for myself and my wife.”
Call us today at for a Confidential Initial Assessment about any accounting or tax matters. As an experienced, certified, licensed, and expert tax accounting firm we help our clients handle all tax and accounting issues. Give us a call today at 1 844 340 5771.
Sam Faris is a Toronto-based Chartered Professional Accountant who practices as an independent consultant on high-level Canadian tax matters and handles disputes with CRA. He has recently published an article a business magazine: HERE
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