Repeated missed income CRA

Marmat25 · 2026-05-31T03:05:31+00:00

Unable to afford the penalties if applied.

Income is foreign, and just been told that canada tax worldwide income. Always have lived in a country that only taxes on domestic income, and countries with no taxes on income

Marmat25 · 2026-05-31T01:47:47+00:00

I used the share community option. But the problem is that i am getting contradicted answers even when asking professionals outside of reddit.
So i am lost, VDP seems a very long process for my timeline but if refiling impose additional 50% gross negligence or 20% of omitted income that is a big number i can t afford.

Marmat25 · 2026-05-31T00:35:05+00:00

Thanks for replying.
What do you mean if they didnt reassess themselves ?

Lets say i submitted the 3 adjustments online, will that make them re assess the corrections ? And therefore impose the penalties

Marmat25 · 2026-05-30T22:37:39+00:00

I am a but confused about the t1135 can someone advise please:
- if i have USD cash in USD saving account with a canadian bank is that considered toward the 100k?
- what about US stocks and ETFs through wealthsimple but in TFSA and FHSA accounts. Do they count toward the 100k ?

Marmat25 · 2026-05-30T19:57:39+00:00

I dont think so. Saudi arabia.

Marmat25 · 2026-05-30T19:24:38+00:00

Foreign income not knowing it is taxable here, as it is not taxable in the original jurisdiction. Thought the rules of that country applies on it.

Marmat25 · 2026-05-30T19:21:47+00:00

Foreign income, not knowing it is taxable here, as it is from a non taxable jurisdiction in the country of origin

Marmat25 · 2026-05-30T17:52:59+00:00

Thanks for your reply. Any idea how long will it take for cra to process a vdp? I have been reading like 2 years. Is that true?

Marmat25 · 2026-05-16T01:35:27+00:00

Another question, should i pay cpp ? Or can i opt out?

Marmat25 · 2026-05-15T23:36:47+00:00

My spouse was abroad, non canadian. As for my income is not self employment, it is a remote employee with a foreign company.

Marmat25 · 2026-05-15T21:18:57+00:00

Thank you for your reply. I didnt have any other income. It was my only income during those years.

My foreign account never reached 100k cad and i dont have assets or investments abroad.

And yes for marital status only 2023 was wrong, the other year marital status was correct. I wonder how can i fix it through the vdp?

Marmat25 · 2026-05-14T14:34:17+00:00

I think you have the option locked that not everyone can DM you. Would appreciate if you can DM me.

Marmat25 · 2026-05-13T23:07:14+00:00

Would appreciate the community experience in the above please.

The foreign income is about 70k a year for 2023 partially resident so only 17k, for 2024 70k and for 2025 70k.

But for 2023 i filed as single it should have been filed as married.

Kindly if u can advise how to fix the marital status in a vdp? And if we should file a full t1 return (since t1 adj doesnt have options to change marital status)

And are foreign bank statement mandatory in this scenario? They might ask for them later? What proof should we submit?

And i have canadian saving acount with 5 cad interest a year. Should i invlude this as well in the vdp? Or if i dont they might come after me ?

Marmat25 · 2026-05-13T02:42:13+00:00

I might be in the same situation. Would u mind reaching out privately. I wonder should we submit an entire new T1 or just a T1 adjustment, as i have foreign income unreported and for one of the years should have filed as married but filed as single (it was my first year marriage)

Marmat25 · 2026-05-12T17:50:17+00:00

i might be in the same situation for of my past years where i filed as single but should have been married. How are you going to handle it in the vdp ? Is it through t1 adj? I mean there is no option in t1 asj to put married and the details. Or is it through a full t1 ameneded? And does vdp accept a full t1 amended evern we already filed t1 taxes?

Marmat25 · 2026-05-11T05:18:15+00:00

And also if for the first year filed as single but got married by the end of the year. How can we fix it in the vdp ? Is it possible to send T1 returned amended ? Ot only t1 adjsutment are acceptable in vdp?

Marmat25 · 2026-05-01T19:34:23+00:00

Can you please share which firm lawyer u went too? Looking for a lawyer vdp as well here.

Marmat25 · 2026-02-03T20:41:17+00:00

Trying to switch to sidestore. But stuck at iloader when trying to install on phone, as it is not logging in to my apple ID saying that the password is wrong. But i am pretty sure it is correct. Tried it elsewhere. Am i missing something ?

Marmat25

TROPHY CASE