Musings of a Tax Chick: Falling on bended knee... what you need to know about the Voluntary Disclosure program

Are you behind in your tax filings?  I mean REALLY behind... like more than the last year or two?Did you make a mistake in a previous filing?  Canada Revenue Agency's Voluntary Disclosure Program might just be for you!  I have had a couple calls this past week about the "VDP" program, and I thought this might be a great time to dispel some myths.In this episode:1. I discuss what the program is, and when you would choose to apply.2. Provide some insight into the criteria for a successful application3. Talk next steps.It is so important to remember that VDP does not get you out of paying the tax - in fact, you have to prepay the tax up front-when you make the application!  It just offers amnesty from penalties.RESOURCES DISCUSSED ON THIS EPISODE:CRA: Voluntary Disclosures Program HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:My website! Email: [email protected]@tax.chick (IG) LinkedInBe a "Tax Chick VIP"