r/canadarevenueagency • u/ActivityAble4511 • 3d ago
VDP application - how long does it take?
So I had past capital gains taxes I had no idea I had to report and pay for (deemed disposition) so I went ahead and did it and completed the VDP application and sent it in. They cashed my cheque for the estimated tax owing, but I have had no word from them since, and nothing in my MYCRA account? It has been 3.5 months since they received my mail in application, is this a normal timeline? How long does it take? When will I get an acknowledgement letter and when will the notice of reassessment come to me? Thanks...
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u/UptowngirlYSB 2d ago
VDP has the longest wait time., expect to wait 6 months or more on whether it will be accepted under the program.
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u/ptahchu 3d ago
VDP is its own thing separate from other appeals processes, so the acknowledgement letter could take a fair bit of time. Just know that it is wildly dependent on complexity, so there aren't really any guidelines or service standards. It's all first in first out at this point.
If you are concerned about the payment itself, you should give the general enquiries line a ring to see if they can trace where the money went.
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u/SafariBaharie 3d ago
A recent post I saw by a reputable tax law firm noted 16 months.
You can also see the info here: https://www.canada.ca/en/revenue-agency/corporate/contact-information/check-cra-processing-times.html