At Eb Conseil Fiscal, we understand the importance of complying with tax authorities while minimizing your risks. The voluntary disclosure program, offered by the Canada Revenue Agency (CRA) and Revenu Québec, allows you to correct your past tax errors without fearing penalties or prosecution.
Whether you are an individual or a business, voluntary disclosure offers a unique opportunity to regularize your tax situation without stress. As tax experts, we accompany you to ensure that your disclosure is complete and compliant with legal requirements.
The most common cases requiring voluntary disclosure include:
- Failure to report certain required forms, such as form T1135 (foreign property) or forms T5/RL3 (dividends),
- Failure to report certain income, whether from foreign or domestic sources,
- Incorrectly claiming tax credits or expense deductions,
- Holding undeclared funds abroad, which may draw the attention of tax authorities.
Eligibility conditions for the voluntary disclosure program
To be eligible, four main conditions must be met:
- Voluntariness : The disclosure must be initiated voluntarily, before the CRA or Revenu Québec contacts you regarding the matter.
- Completeness : All tax information must be provided in a complete and verifiable manner.
- Potential penalties : The disclosure must concern situations where a penalty could be imposed.
- Significant delay : The information disclosed must be at least one year overdue.
Why choose Eb Conseil Fiscal?
Our team of experienced tax specialists helps you prepare a thorough disclosure to ensure that your application is accepted. We guide you through every step of the process, offering advice tailored to your unique financial and tax situation.
Don’t let uncorrected tax errors jeopardize your financial future. Contact our experts at Eb Conseil Fiscal for personalized support and complete peace of mind.
