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Inside Internal Controls

News and discussion on implementing risk management

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Voluntary disclosures program

Tax voluntary disclosures for Canadian residents

As anticipated, the Canada Revenue Agency has been put on notice to restrict its Voluntary Disclosures Program.

 

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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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Will you do the job for cash? It’s risky business

Before you begin a construction or renovation project, remember this: there are significant risks if you accept cash for the job without reporting your income.

 

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