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Voluntary Disclosures in Canada and Quebec

Voluntary Disclosure


(Jan 9, 2017) Our office has processed a large number of voluntary disclosures over the past 24 months with both the Canada CRA and Quebec Minister of Revenue.

Click here for more information about the Voluntary Disclsoure Program.

These voluntary disclosures have included many scenarios, including reporting undeclared income generated by assets in offshore accounts located outside of Canada and Quebec. Some of these voluntary disclosures also involved U.S. assets, and required coordination with a U.S. voluntary disclosure with the IRS.

We have developed expertise in handling voluntary disclosures, and are familiar with the approach currently being used by assessors to procees these applications by Canada CRA and Quebec Minister of Revenue. In addition, we have developed customized templates to compile and aggregate the required information for both the CRA and Quebec Minister of Revenue. Use of these templates allows us to process the data very efficiently, and to focus on the key issues which vary from file to file.

For more information about the Canada CRA program, click here .

For more information about the Quebec Minister of Revenue program, click here .

Recent changes to Revenu Québec's voluntary disclosure policy, click here .



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UHY VICTOR SENCRL • LLP
Société de comptables
professionnels agréés •
Partnership of Chartered
Professional Accountants

759, rue du Square-Victoria, #400
Montréal, Québec, H2Y 2J7
Canada

+1 514 282 1836

UHY VICTOR UHY VICTOR LLP (the “Firm”) is a member of Urbach Hacker Young International Limited, a UK company, and forms part of the international UHY network of legally independent accounting and consulting firms. UHY is the brand name for the UHY international network. The services described herein are provided by the Firm and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.