There's a program called the Voluntary Disclosure Program set up by the CRA, which will allow you to file back taxes without having to incur any penalty. In this video, Shayan Rashid (Partner) explains the voluntary disclosure program and why you shouldn’t worry even if you have years of outstanding taxes.
In order to qualify, it has to be voluntary,you have to have more than one years of outstanding taxes or returns to file and the information has to be substantially complete and accurate.
Luckily there's a provision within the Voluntary Disclosure Program that allows us to file an anonymous application. Once the application is approved, you have 90 days in order to submit all of the returns or documentation to the CRA.
If you're still unsure and you want some guidance, make sure you contact us and we can look at all the facts and determine the best way to move forward for you.
SRJ Chartered Accountants
(647) 725-2537 | info[at]srjca.com
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330 Bay Street, Suite 1400
Toronto, ON M5H 2S8
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