TAX QUESTIONS? YOU ASK LAH!

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Q: Under the Special Voluntary Disclosure Program (SVDP) 2.0, if a person has not submitted his income tax return form from the years of assessment 2018 to 2021, can he only declare his income using the  SVDP additional income reporting form instead of submitting income tax return?

A: No, if a person has not submitted his income tax return form, in order to participate in the SVDP, he is required to submit the income tax return form during the SVDP period instead of the additional income reporting form.   

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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