Voluntary Disclosure Program (VDP)
Correct Past Tax Errors, Avoid Penalties, and Regain Peace of Mind.
Made a Mistake on a Past Tax Return? It’s Not Too Late.
Take the First Step Today
Contact our office for a strictly confidential consultation.
Let our experienced team help you navigate the VDP process with clarity and achieve a positive resolution.
Voluntary Disclosure Program
Voluntary Disclosure Program (VDP) Services
Discovering an error on a past tax return—such as unreported income or incorrectly claimed expenses—can be stressful. The fear of audits, significant penalties, and interest from the Canada Revenue Agency (CRA) is a heavy burden.
The good news is the CRA offers a path forward. The Voluntary Disclosures Program (VDP) allows you to proactively correct your tax record. At Ram Sharma, CPA Professional Corporation, we specialize in confidentially guiding clients across Canada through the VDP, ensuring your application is positioned for a successful outcome.
Don’t let tax issues linger.
Addressing errors proactively is the smartest way to protect yourself and your assets before the CRA initiates contact.
What are the Benefits of a Successful VDP Application?
The VDP is a powerful CRA initiative that provides relief from the most severe consequences of tax non-compliance. A successful application can grant you:
Prosecution Relief
Immunity from criminal prosecution for tax evasion.
Penalty Relief
Avoidance of most, if not all, penalties
(e.g., late-filing or instalment penalties).
Potential Interest Relief
The CRA may grant partial relief on the interest accrued on the taxes owed.
Our Proven Process for Your Peace of Mind
1.
Confidential Assessment & Strategy
We start with a private consultation to understand your unique situation, confirm your eligibility, and develop a clear strategy to address the underlying issues.
2.
Meticulous Application Preparation
We work with you to gather all necessary information and prepare a comprehensive, persuasive VDP application (Form RC199), ensuring it is complete and accurate.
3.
Professional CRA Representation & Negotiation
We submit the application on your behalf and handle all communications and negotiations with CRA officers, shielding you from direct and stressful interactions.
4.
Final Resolution & Ongoing Support Presentation & Consultation
We see your case through to its final resolution and provide guidance to ensure your long-term compliance, helping you move forward with confidence.