GST/HST - CRA Audit - Voluntary Disclosures

Note: The Live Virtual course is presented in collaboration with CPA Western Provinces. The content is applicable to all participants. If you have questions regarding this course, please contact pdregistration@cpaalberta.ca.

Overview: 

You will gain an in-depth understanding of the CRA’s latest version (October 2024) of the voluntary disclosure program (VDP) as it relates to GST/HST matters. The course covers the end-to-end considerations, planning and execution of a typical VDP submission, including weighing risks and benefits of a VDP submission, no-names discussions with CRA VDP officials, through to the final submission and payment(s) of the net tax owing.

Note: This course was previously a part of GST/HST – CRA Audit.

Course Content:

In this course, you will gain knowledge about the following topics:

• Key considerations and analysis of the benefits and risks of undertaking a VDP submission, including whether to include any related income tax or other tax programs administered by the CRA and the “no-names” discussions opportunity with CRA’s VDP officials.
• End-to-end process to making a VDP submission, including implementing systems, process or policy changes to ensure the GST/HST accounting or reporting error(s) do not re-occur.
• What comes after the submitted VDP submission and payment of the net tax owing for the disclosure period, including negotiating payment arrangements, managing the GST or HST re-invoicing process to customers in wash transactions and the recourses if the VDP submission is not accepted or partly accepted.

Learning Objectives:

Upon completing this course, you should be able to:

• Describe the benefits and certain risks of rectifying the GST/HST compliance of their clients or own company.
• Gain insight into the process of making a VDP submission and managing the VDP process from end to end with the CRA.
• Ensure that the client or company’s policies, processes, etc., that contributed to the net tax error(s) are remedied so that similar future errors do not re-occur.
• Determine whether or not to include other matters relating to other tax programs (e.g., income tax matters) within a combined VDP submission.
• Managing the net tax payment process with CRA, including situations where the company’s customers are re-invoiced for historical GST/HST on taxable supplies.    

Who Will Benefit: 

Professionals who want a deeper understanding of GST/HST VDP process in order to be able to undertake a GST/HST voluntary disclosure with the CRA on behalf of their clients or own companies.