Voluntary disclosure for unreported offshore income!

Voluntary disclosure for unreported offshore income!
David Rotfleisch
City: Toronto
Last visit: 2017-03-09
Author's ads: 25

Posted: 2017-03-09


Although the Canada Revenue Agency aims at combating international tax evasion, taxpayers with unreported offshore income still have the option to “self-correct” their tax filings. The purpose of the Offshore Tax Informant Program (OTIP) is to provide a financial inducement to informants with information about tax cheats to come forward. The biggest benefit of a voluntary disclosure (VDP) is that the CRA waives its right to have the taxpayer prosecuted criminally. Our top Toronto tax lawyers will provide you all the tax help that you need. To learn more call us at 416-367-4222 or mail us at david@taxpage.com.

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