CRA Tightens the Voluntary Disclosure Program
Further to our posting on November 10, 2017, Canada Revenue Agency indicated last week at the Annual Conference of the Canadian Tax Foundation that it may delay implementation of what still amounts to proposed changes to its Voluntary Disclosure Program. While CRA has given no indication that it will alter the proposals themselves, it is possible that the changes to the Program will not be implemented until the summer of 2018 or even later in the year – we wait.
Invitation for Discussion:
If you would like to discuss this blog in greater detail, or any other business law matter, please do not hesitate to contact one of the lawyers in the Tax Law group at Shea Nerland LLP.
Note that the foregoing is for general discussion purposes only and should not be construed as legal advice to any one person or company. If the issues discussed herein affect you or your company, you are encouraged to seek proper legal advice.