Based on 528btc, the Canada Revenue Agency (CRA) disclosed that 40% of taxpayers using crypto platforms are evading taxes or at high risk of non-compliance. The CRA has 35 auditors working on over 230 cases, recovering $100 million in taxes over the past three years. The agency acknowledged legal limitations in identifying crypto taxpayers and has taken steps to compel platforms like Dapper Labs to disclose user data. Meanwhile, the Canadian government announced new legislation to be introduced in spring 2026 to address crypto tax evasion and financial crime.
CRA Reveals 40% of Canadian Crypto Users at Risk of Tax Evasion
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