CRA Voluntary Disclosure Program Assistance
Introduction
If you have unreported income, missed returns, or undisclosed foreign assets, the CRA Voluntary Disclosure Program (VDP) can be your path to a clean slate. New guidance in IC00-1R7 (effective October 1, 2025) restores fairness to the program, clarifies eligibility, and improves interest relief for many taxpayers. At Dexado Accounting & Tax, we guide you—confidentially—through every step so you can correct past mistakes, reduce penalties, and restore full compliance with confidence.
Your Challenges (What brings you here)
- You received a CRA non-filer/demand-to-file letter and worry you’re already disqualified.
- You’re overdue on T1135 foreign asset reporting or filed it with errors.
- You have unreported income (rental, investment, crypto, platform) or GST/HST gaps.
- You’re concerned that audits or investigations—by CRA or other authorities (RCMP, securities commissions, FINTRAC, provincial tax)—could shut the door on relief.
What Changed for 2025 (IC00-1R7)
The update fixes long-standing unfairness around what counts as “voluntary”:
- Education or reminder letters now clearly do not block VDP.
- Non-filer/demand-to-file letters make a disclosure prompted (not unprompted) but still eligible.
- Active audits or investigations remain disqualifying—including those by other authorities (e.g., RCMP, securities commissions, FINTRAC, provincial tax) when related to your issue.
Relief levels under IC00-1R7
Unprompted:
- 100% penalty relief
- 75% interest relief
- Protection from prosecution
Prompted (e.g., after a demand-to-file letter):
- 100% penalty relief
- 25% interest relief
- Protection from prosecution
Dexado’s VDP Solution (How we get you to yes)
Confidential Assessment
We quickly determine whether your file is likely unprompted or prompted, confirm disqualifiers are not present, and map the relief you can expect.
Audit-simulation risk review (Ex-CRA perspective)
Led by an ex-CRA auditor, we model how an auditor would test your facts so your package anticipates questions and supports maximum relief.
Scope, Evidence, and Documentation
We assemble all years and tax types that must be included (T1/T2, T1135, GST/HST, payroll), reconcile income, and prepare support (bank/investment statements, workpapers).
Strategy & Positioning
We draft a clear narrative that shows your disclosure is voluntary, complete, and in good faith and we separate elements that may qualify as unprompted to improve interest relief.
Submission & Representation
We prepare Form RC199 and exhibits, file your disclosure, liaise with CRA, respond to questions, and keep you informed through to the decision.
Post-Acceptance Compliance Plan
We put systems in place-T1135 workflows, GST/HST setup, filing calendars, audit-proofed bookkeeping-so problems don’t recur.
Eligibility Snapshot (At a glance)
- Voluntary: Before CRA contacts you about the same issue (and no related investigations by other authorities).
- Complete: All affected years and tax types included and supported.
- Penalty exposure: The issue would otherwise attract penalties.
- Timeliness: Generally one year or more past due.
- Payment: Taxes (plus applicable interest) paid or arranged at disclosure time.
Note: Not sure if you qualify? We’ll confirm your status and advise the right track-VDP or an alternative remedy.
Why Choose Dexado
Ex-CRA Advantage
Led by Boris Davidkov, CPA (ex-CRA auditor), we understand how files are reviewed and what evidence moves decisions.
Confidential, end-to-end help
From first assessment to CRA’s decision, we handle the process-especially in high-scrutiny areas like T1135 and GST/HST.
Relief maximization
We structure your disclosure to preserve any unprompted components for higher interest relief where possible.
Built-in prevention
We fix root causes tightening bookkeeping, reconciling revenue to deposits, and setting practical controls so you stay compliant.
Take control and close the chapter on past tax mistakes-confidentially and correctly.
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