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Canada Revenue Agency Flags 40% of Crypto Users for Potential Tax Evasion

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Canada Revenue Agency Flags 40% of Crypto Users for Potential Tax Evasion

Canada’s tax authority says many crypto users are failing to meet income-tax rules, raising concerns about widespread non-reporting across the digital asset sector. The Canada Revenue Agency (CRA) informed The Canadian Press that nearly two in five taxpayers who use cryptocurrency platforms exhibit signs of evasion or other high-risk behavior.

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