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Made a mistake on your taxes in 60 seconds. I'll show you how to use form RC 199, the voluntary disclosures program. You'll take it to avoid penalties and prosecution so you can fix it yourself. It lets you correct errors before the CRA finds them. First, section one, captures who you are for legal names, sin or business number address and any rep on information. Tip, a single typo here can mess up your application so make sure you do it correctly. Section 2, tell your story. What went wrong when it happened and why it's late. Then confirm the 5 EDP conditions. This is very important. First, it's got to be voluntary. Complete over one year pass due that you intend to pay and you're asking for penalty relief. The voluntary part is key. If you've been contacted by the CRA to report income or to file a tax return, you can't use this program. But if you haven't been contacted, that makes it voluntary. So you come to them before they come to you. Next, sections three to six are your number crunches. Catch your working papers and slips, my account, for businesses, my business account, and if you're using a representative, represent a client. FACTS number is 1-888-452-8994. By mail, you can see it on the screen. You can go through this like anything else. You can do it yourself. But if you want to really be professional, you should engage someone like a tax mechanic to do it for you.

Made a mistake on your taxes in 60 seconds. I'll show you how to use form RC 199, the voluntary disclosures program. You'll take it to avoid penalties and pros…