NEW GST VOLUNTARY DISCLOSURE GUIDELINES!
UPDATED CRA VD PROGRAM GUIDELINES NOW IN EFFECT
On September 9, 2025, the Canada Revenue Agency (“CRA”) released GST/HST Memorandum 16-5-1 introducing major changes to its Voluntary Disclosure Program (“VDP”) in GST/HST matters (the “GST/HST VDP”), alongside IC00-1R7 – Voluntary Disclosure Programwhich outlines equally meaningful revisions to the income tax VDP.
This is the first update to the VDP since 2018 (which we wrote about back then here), and the changes appear aimed at encouraging more taxpayers to come forward and correct errors or omissions in their tax affairs (perhaps a result of less than anticipated take-up of the VDP program in recent years). The new rules took effect Oct 1, 2025.
Tagged in:
Canada Revenue Agency
GST/HST Matter
Unprompted and Prompted Disclosures
Voluntary Disclosures Program
Wash Transaction
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