OUR SERVICES
Voluntary Disclosure
A Fresh Start Through Voluntary Disclosures
Mistakes happen. Whether it’s unfiled tax returns, unreported income, or undeclared foreign assets, the CRA’s Voluntary Disclosures Program (VDP) provides an opportunity to rectify past errors. We guide small business owners through this process to ensure compliance while minimizing penalties.
Our Approach
- Eligibility Assessment: We carefully assess your situation to determine if the VDP is the right solution.
- Document Preparation: Our team prepares a detailed disclosure package, ensuring all necessary information is accurate and complete.
- Representation to the CRA: We manage the entire process, communicating directly with the CRA to resolve your case effectively.
Why Choose Bell Tax Advisory?
James, with over 33 years of experience in this field, including his 22+ years working at the CRA, is able to offer a unique perspective to resolve disputes efficiently and effectively. James and Bell Tax Advisory are committed to providing tailored solutions, strategic insights, and the dedicated support you and your clients need to achieve the best results.
Why Partner with Bell Tax Advisory?
Proven CRA Expertise
With over 22 years of CRA experience, we understand the inner workings of the system and how to position your case effectively.
Collaborative Legal Support
For complex cases, we partner with trusted tax law firms to ensure every angle of your objection is addressed.
Strategic Advocacy
Our team develops compelling arguments backed by evidence to secure the best possible outcome for your business.
Your Trusted Partner for CRA Disputes
At Bell Tax Advisory, we know how stressful CRA disputes can be. Our goal is to protect your interests, simplify the process, and help you move forward with confidence. Contact us today to discuss your case.
Testimonials
Frequently asked questions
What is the Voluntary Disclosure Program (VDP)?
The Voluntary Disclosure Program allows taxpayers to proactively correct unfiled or inaccurate tax returns without facing penalties or criminal prosecution. If your disclosure meets CRA criteria, is voluntary, complete, over a year overdue, and involves potential penalties, you may qualify for relief. The CRA may waive penalties and reduce interest if your application is accepted.
Who qualifies for the VDP?
Eligibility depends on five key factors: the disclosure must be voluntary, complete, involve a potential penalty, be over a year past due, and include payment (or payment arrangements) for tax owed. If the CRA has already contacted you about the issue, your disclosure may be rejected.
What kinds of tax issues can I fix through the VDP?
neligible deductions, and improperly claimed credits. It also covers missed HST filings and payroll obligations. If accepted, the CRA may cancel penalties and reduce interest charges, while shielding you from prosecution. The program is a valuable opportunity to resolve past non-compliance before the CRA initiates enforcement.
What are the benefits of filing under the VDP?
Filing through the VDP offers several advantages. You may avoid late-filing penalties, gross negligence penalties, and criminal prosecution. The CRA often reduces interest significantly, making repayment more manageable. Filing voluntarily also demonstrates good faith, which can strengthen your standing with the CRA moving forward.
How long does the VDP process take?
The VDP process can take 12 months or longer from initial submission to final resolution, depending on CRA review timelines. However, once the initial application is submitted, protection under the program begins immediately, meaning penalties and prosecution are typically off the table while your case is under review.
