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ARTICLE · 07 AUGUST 2017

CRA Voluntary Disclosure Program – Changes Announced And Public Input Requested!

Miller Thomson
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CRA has announced changes to its Voluntary Disclosure Program which will have effect January 1, 2018. The Voluntary Disclosure Program (VDP) provides taxpayers with an opportunity to come forward...

CanadaTax
Susan Manwaring
Susan Manwaring
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CRA has announced changes to its Voluntary Disclosure Program which will have effect January 1, 2018.  The Voluntary Disclosure Program (VDP) provides taxpayers with an opportunity to come forward voluntarily and correct previous omissions in their dealings with the Canada Revenue Agency (CRA). Currently, taxpayers can apply to CRA to ask for relief from prosecution and penalties. The changes were announced alongside new draft documentation, including Draft Information Circular IC00-IR6 and Draft GST/HST Memorandum 16.5 available for public comment.

While the existing program as it relates to income taxes would have application to organizations that are non-profit, tax-exempt organizations (under section 149(1) of the Income Tax Act (Canada)), it does not clearly apply to registered charities.  The sector has asked CRA to introduce a similar program for registered charities in the past.  It does not appear to have done so with these changes – it continues to be

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