u/BitOk2473

Please no judgement - i know this was stupid and i’m trying to correct it.

I will be asking my accountant this after the long weekend. I have a corporation. There were a few years where i took money from the corporate account that was not reported on the personal side as t4 or t5.

It was recorded on the corporation as income/profit, corporate tax was paid on it however no personal tax. Technically that money should still be in the corporate account however it is not.

Is this something i could use the vdp for? If so am i correct in assuming i need to submit vdp for both the corporate (to issue backdated t5) and personal (to pay personal tax on the t5 income).