Overview
-
What is the VDP and its purpose?
5 mins
-
Common examples where Relief Will Typically Not be Considered
20 mins
-
A Second Application by the Same Taxpayer
29 mins
-
Condition for a VDP application
34 mins
-
No more no-name disclosures
50 mins
-
Walkthrough of RC199-VDP application
71 mins
Course Description
The Voluntary
Disclosures Program (VDP) grants relief on a case-by-case basis to taxpayers
and registrants who voluntarily come forward to fix errors or omissions in
their tax filings before CRA knows or contacts them about it.
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Most
Canadians file and pay their taxes in full and on time, and it is important
that the relief provided under the VDP be fair and it should not reward
individuals or corporations looking for a way to avoid paying their fair share
of taxes. To be fair to all, the CRA grants a higher level of relief to those
who are correcting an unintentional error than to those who intentionally
avoided paying their taxes
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The online professional
development course offers an overview of the CRA’s voluntary disclosure program
(VDP).
In this
online CPD course the speaker will discuss about:
The purpose
and objective of VDP
Five
conditions of a valid application
Two
categories of VDP.
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In this online
CPD webinar for CPAs, the speaker Big4 CPA will share his practical
experience and provide a practical perspective on filing VDP applications for
different types of tax issues.
The
continuing professional development course also includes a walkthrough of Form
RC199.
Key topics covered in this online CPD webinar are:
- Introduction
and backgrounder
- Principal and
purpose of VDP
- Conditions
for a valid VDP application
- VDP two categories
- Limited and general program
- Practical
changes for income tax practitioners
- Where to send
VDP applications
- Pre-Disclosure
Discussion
- Walkthrough
of Form RC199
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Learning Objectives
- To discuss common issues addressed through the VDP.
- To discuss conditions for a valid VDP application.
- To discuss significant difference between old and new VDP.
- To discuss what is large corporation.
- To discuss what is sophisticated tax payer.
- To discuss the effect of VDP on penalty relief.
Recommended For
- This online CPD webinar for CPA(Canada) is recommended for all the tax professionals engaged in advising individuals and corporations.Â
- This online CPD course is recommended for professionals working at a Canadian or Foreign multinational company as a tax manager or director.
Who Should Attend?
- Accountant
- Accounting Firm
- Accounting Managers
- Chartered Professional Accountant
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- CPA in Business
- Tax Accountant (Industry)
- Tax Attorney
- Tax Director (Industry)
- Tax Firm
- Tax Managers
- Tax Practitioners
- Tax Preparer
- Tax Professionals
- Tax Pros
- Young CPA