The Canadian Tax Agency (CRA) has pulled in over $100 million CAD from crypto audits in the last three years — yet not a single criminal charge has been filed since 2020.
A massive win for tax recovery… but a major signal of enforcement weakness.
🔍 Key Highlights
🔥 35-member crypto audit team
Handled 230+ cases, targeting high-risk and undeclared crypto users.
⚠️ 40% of Canadian crypto users
Either did not declare taxes or pose serious compliance risks.
🔎 CRA admits a major problem:
They still struggle to identify taxpayers accurately in the crypto space.
📂 Court Orders Issued
CRA demanded user data from NFT giant Dapper Labs — originally 18,000 users, narrowed to 2,500 after negotiations.
💼 This is only the second time in history a Canadian court forced a crypto company to share large-scale user data (first was Coinsquare in 2020).
🧭 What It Means
Canada is tightening its grip on crypto taxation.
Enforcement remains limited, but data collection is expanding fast.
More crypto platforms may face similar court orders in 2026.
Crypto tax transparency is entering a new era — quietly, but powerfully.
#CryptoNews #Canada #tax