Navigate the latest changes to the CRA’s Voluntary Disclosures Program to secure relief from penalties and ensure full compliance.
Taxpayers often make errors or omissions on their tax returns, whether due to missing slips, unreported foreign income, or simple oversight. The Canada Revenue Agency (CRA) Voluntary Disclosures Program (VDP) offers a pathway to correct these non-compliance issues while potentially waiving penalties and avoiding prosecution. This course provides a comprehensive guide to navigating the VDP, with a specific focus on the significant changes introduced in Information Circular IC00R7.
Designed for tax professionals and staff who assist in preparing disclosure packages, this course examines the shift from the previous regime (IC00R6) to the updated guidelines effective October 1, 2025. Participants will learn how to identify eligible files, understand the stricter requirements for completeness, and distinguish between unprompted and prompted applications. The content outlines the critical role staff play in spotting errors, gathering six to ten years of supporting documentation, and ensuring forms like the RC199 are accurately completed to secure relief for clients.
Key learning outcomes and topics covered in this course include:
By the end of this course, professionals will be equipped with the knowledge to effectively guide clients through the voluntary disclosure process, ensuring compliance while maximizing the potential for penalty and interest relief.
AJAG Professional Development was founded in 2003 with a mission of making professional development easier and more cost-effective for Canadian accountants and other financial advisory professionals. Our comprehensive range of flexible and reasonably-priced courses, programs and seminars are delivered online and in classroom-style settings in the Greater Toronto Area (Toronto, Oakville and Markham). AJAG features a roster of highly-qualified instructors who deliver content that is pertinent, up-to-date and engaging.
CPA, CA, LPA
As the Managing Director of Tucker Professional Corporation, Jonathan Tucker is an innovative tax accountant and strategic tax advisor to hundreds of health professionals on: Tax Planning & Preparation, Accounting, Practice Management, and Financial Planning.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
