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The Changes & Uncertainty in the New Voluntary Disclosures Program (PT. 1)

Written by Peter Aprile | Feb 21, 2018 10:23:06 PM

Counter Tax Lawyers and LexisNexis Canada have joined forces to bring you a new tax podcast that is designed to keep accountants and lawyers up to date on the changes that will impact their clients and their practices.

In S01E01, Peter Aprile and Yoni Moussadji discuss the Canada Revenue Agency’s revised Voluntary Disclosures Program which will take effect on March 1, 2018. In particular, the parties discuss how the CRA’s changes will narrow the eligibility criteria and increase penalties, and lead to more VDP disputes. Also, Peter and Yoni speak with Mac Killoran to get a CPA’s perspective on the revised VDP and how the changes might expose CPAs to increased scrutiny, CRA demands for information, and third-party penalties.

If you are a CPA, you can complete our 5-minute online quiz so that you can use your CTI podcast listening to earn verifiable CPD. We’ll even email you a fancy CPD certificate for your records.