Alberta Finance Encourages Voluntary Disclosures

Alberta Finance's Tax & Revenue Administration (TRA) encourages self-assessment in tax and incentive programs administered in Alberta. TRA welcomes submissions that show intent to voluntarily correct previous contraventions of the Act.

Examples of situations where voluntary disclosures may be made include:

• Discovery of a previously unnoticed discrepancy in the calculation of taxable income, tax payable, or refundable tax credits;
• Finding an error in a taxpayer's understanding of a point in tax law; or
• Reconsideration of a deliberate circumvention of tax law.

Click here to find out how TRA handles voluntary disclosures.

A property wishing to make a voluntary disclosure must notify TRA in writing prior to, or at the time of, filing or amending corporate income tax returns.  A letter explaining the voluntary disclosure should accompany tax returns being filed or amended.  It is in your best interest to advise TRA as soon as possible of your intention to make a full voluntary disclosure, even though detailed figures may not be available at the time of the initial contact. 

Contact the Corporate Tax Audit unit of TRA at 780-427-0540 for more information about how to make a voluntary disclosure.