Voluntary Disclosure Program

This program offers penalty relief to taxpayers who have unintentionally failed to meet their tax obligations. There are two streams within the VDP: Income tax stream and GST/GST stream. You should opt for either of the streams depending on the disclosure you seek. For example, if you are a new immigrant to Canada and don't know that you have the obligation to report any foreign property under your name, you need to apply to “income tax stream” - as foreign property is expected to generate income - to correct previous omissions.