Resolve Past
Tax Mistakes Safely.
Unreported income, unfiled returns, or hidden offshore assets? Come forward before the CRA finds you. We guide you through the Voluntary Disclosures Program (VDP) to secure penalty relief and avoid criminal prosecution.
100% strictly confidential advisory.
Why Use the VDP?
Ignoring past tax errors carries massive financial and legal risks. The CRA's matching programs and international data-sharing agreements mean they will eventually find out. The VDP offers a structured, safe path to compliance.
Avoid Prosecution
A successful VDP application protects you from criminal prosecution for tax evasion related to the disclosed information. This is the ultimate peace of mind.
Penalty Relief
You will still have to pay the taxes owed (plus interest), but the CRA will waive the severe gross negligence penalties (50%) and late-filing penalties.
Expert Representation
You do not want to talk to the CRA yourself in these situations. Our CPAs handle the complex calculations, draft the disclosure, and negotiate on your behalf.
The Window is Closing
The most critical rule of the Voluntary Disclosures Program is that it must be voluntary. If the CRA initiates an audit, sends you a request to file, or begins an investigation related to the undisclosed information, you are immediately disqualified from the program.
With the CRA heavily investing in AI auditing tools, data-matching algorithms, and the Common Reporting Standard (CRS) for offshore accounts, their ability to detect unreported income is unprecedented. Waiting and hoping they don't notice is no longer a viable strategy.
Common VDP Scenarios
- Unfiled corporate or personal tax returns for multiple years.
- Unreported cash income or cryptocurrency capital gains.
- Failure to file Form T1135 (Foreign Income Verification Statement) for offshore assets exceeding $100,000 CAD.
- Claiming ineligible expenses or failing to remit collected GST/HST.
The Process
We start with a strictly confidential consultation to assess your situation. We then calculate the estimated tax and interest owed, prepare the required multi-year filings, and draft a compelling VDP application that meets all CRA conditions for acceptance.
VDP Penalty Relief Estimator
Estimate the massive penalties you can avoid by voluntarily disclosing past tax mistakes before the CRA audits you.
The CRA routinely applies a 50% gross negligence penalty if they believe you knowingly made false statements or omissions.
By applying through the VDP, you pay the tax and interest, but the CRA waives the crippling penalties and protects you from criminal prosecution.
This tool is for general information only and does not replace professional tax or accounting advice.
Why Teixeira Accounting for VDP?
Applying for the VDP is a highly sensitive legal and financial process. A poorly drafted application can result in rejection, instantly exposing you to the full force of CRA audits, massive penalties, and potential criminal charges.
You need a firm with deep technical expertise in tax controversy. We know exactly what the CRA looks for in a valid disclosure. We ensure your application is complete, accurate, and presented in the best possible light to secure relief.
The Teixeira Advantage
Absolute Confidentiality
Your consultations with us are strictly confidential. We protect your privacy while resolving your compliance issues.
Precision Calculations
We rebuild years of messy or missing bookkeeping to ensure the taxes disclosed are 100% accurate, preventing future reassessments.
CRA Negotiation
We act as your shield. All CRA correspondence goes through us, so you never have to speak to an auditor directly.
VDP FAQs
Act Before the CRA Does.
The VDP is only available if you come forward voluntarily. Once the CRA contacts you, it's too late. Let's resolve this today.
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