IRS will end the Offshore Voluntary Disclosure Program (OVPD) on September 28, 2018

The program was initiated in 2009 and allows U.S. taxpayers who previously did not report the offshore income and assets to voluntarily resolve the past non-compliance in exchange for a protection from criminal liability and a limit on civil penalty exposure.

According to the IRS, “while the program has been successful in the past, there has been a significant decline in the number of taxpayers participating as well as an increase in awareness of offshore tax and reporting obligations.”

IRS will continue offering the following disclosure options:

  • IRS-Criminal Investigation Voluntary Disclosure Program;
  • Streamlined Filing Compliance Procedures;
  • Delinquent FBAR submission procedures; and
  • Delinquent international information return submission procedures.

Tax credit for children’s activities 2017

Federal government eliminated the Children’s Fitness and Arts Tax Credits for 2017 and future tax years.
For Quebec:
You can claim a refundable tax credit for the physical activities or artistic, cultural or recreational activities of an eligible child, if:

  • You were resident in Québec on December 31, 2017.
  • Program/course lasted for at least 8 consecutive weeks or at least 5 consecutive days (in the case of a summer camp)
  • Your family income does not exceed $135,085 (line 275)
  • You have a receipt


Eligible child: who was born after December 31, 2000, but before January 1, 2012 → 6 to 18 y.o.

Tax credit is 20% of amount paid.
Maximum allowable is $500 * 20% = $100 per child.

Here is a link to Revenu Quebec’s website.