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Criteria for VDP may soon tighten
Check out this article talking about the Canada Revenue Agency’s Voluntary Disclosure Program (VDP). The VDP allows people who have failed to file a previous year’s tax return or who have undisclosed income to come clean to the CRA and possibly avoid penalties. However, eligibility criteria for the VDP is likely to be tightened soon, including by making penalty relief less generous and excluding certain individuals and corporations from applying for relief.
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