You must also submit returns from that year.
You can’t file a return from two years ago under the VDP if you also have an outstanding return from three years ago, for instance. This means that if there were several years where you did not file your taxes (or did not file your taxes correctly) you need to submit information on all of these years. You must disclose all undisclosed information to the CRA.You need to include all relevant information.This means that, if the CRA has already contacted you about previous year returns, or if the agency has taken compliance actions against you for not filing your taxes, you cannot use the VDP. To qualify for the VDP, you must disclose information to the CRA before it contacts you for the information.You must be making a voluntary disclosure.
In order to file your back taxes through the VDP, certain conditions must apply: This program is designed as a “second chance” to correct prior year returns or to file returns that have not been filed. One option is the CRA’s Voluntary Disclosure Program (VDP). If you want to file previous year returns, there are options available to you.
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Our team is made up of experienced ex-CRA, accounting, and legal professionals who understand CRA processes and know how to resolve tax situations. Wondering how far back you can file taxes in Canada? Looking for information on how to file your tax returns late? We can help. This isn’t true, but it’s a common belief and it happens.įor whatever reason, if you didn’t file your taxes when you should have, and now you’re wondering how far back you can file taxes in Canada, the good news is that it is possible to file prior year returns.
Sometimes, people believe that it’s in their best interest to not file their taxes if they don’t have the money to pay their tax debt. Maybe you forgot or maybe you didn’t realize that you needed to file. However, for many reasons, people sometimes do not file their taxes when they should. This is the best way to avoid interest charges, penalties, and additional hassle from the Canada Revenue Agency (CRA).