Transcript - Make Things Right
Second chances don’t often happen in life, but if you have ever made a tax mistake, or left out details about income you reported on your tax return, the Canada Revenue Agency is offering you a second chance.
You can correct your tax affairs now—through the CRA’s Voluntary Disclosures Program.
This is your opportunity to come forward and make things right.
It’s so easy to do and it lifts a great weight off your shoulders.
You don’t need anyone, you can do it all yourself.
Anyone can take part in the Voluntary Disclosures Program, but you have to file your application with us, before you become aware that the Canada Revenue Agency is taking action against you.
The mistake or omission you want to correct must be at least one year overdue, it has to be a mistake or omission that could be subject to a penalty, and you have to include details about it when you report it to us.
Coming clean is an easy way to achieve peace of mind.
By making a valid disclosure you may avoid penalties and prosecution.
And, in some cases, the Canada Revenue Agency might reduce the interest you owe.
The vast majority of Canadians pay their taxes in full. That means we all benefit from government-funded services and programs that make our lives better.
More and more Canadians are coming forward to correct their tax affairs, why not you?
Second chances don’t come along every day.
Take advantage of this one through the Voluntary Disclosures Program.
Make things right and have peace of mind.
For more information go to cra.gc.ca/voluntarydisclosures
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