Browsing: Canada Revenue Agency

Cryptocurrency tax compliance is an increasingly critical concern for both taxpayers and regulators in Canada.As the Canada Revenue Agency (CRA) reports, nearly 40% of individuals engaged with cryptocurrency platforms may be participating in tax evasion or high-risk non-compliance behaviors.

Canada cryptocurrency tax audits have become a focal point for the Canada Revenue Agency (CRA) as they intensify their efforts to ensure tax compliance among digital asset users.Recently, the CRA initiated its second major tax information request targeting Dapper Labs users, aiming to clarify tax reporting for crypto transactions.