Derived from 528btc, Canada’s tax authority is conducting its second major cryptocurrency tax investigation, targeting 2,500 Dapper Labs users. The Canada Revenue Agency (CRA) has recovered over CAD 100 million in taxes from crypto audits over the past three years but has not filed any criminal charges since 2020 due to challenges in identifying taxpayers and assessing compliance. The CRA’s crypto team has reviewed over 230 documents and estimates that 40% of crypto platform users are non-compliant. Four of the five criminal investigations launched since 2020 remain unresolved due to complexity and cross-border issues.
Canada Launches Second-Ever Crypto Tax Investigation into Dapper Labs Users
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