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Inside Internal Controls

News and discussion on implementing risk management

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The Voluntary Disclosures Program: A “second chance” to come forward and correct tax affairs

In light of the Canada Revenue Agency’s (CRA) annual report revealing that there has been a significant increase in the number of Canadians coming forward to correct their tax affairs under the Voluntary Disclosures Program (VDP), we wanted to give some insight into what the VDP is about. Essentially, the VDP gives a taxpayer a […]

 

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