Canada To Exercise Audits To Curtail Bitcoin Tax Evaders

Canada To Exercise Audits To Curtail Bitcoin Tax Evaders

The Canada Revenue Agency (CRA) eyes Bitcoin and cryptocurrency users with federal tax audits. Though at present most exchanges are KYC-enabled, the audits plans to uncover all past trading activity. The CRA commented on its latest initiative. “We understand that a vast majority of middle-class Canadians pay their fair share, but it remains committed to ensuring that every taxpayer abides by the same tax laws.”

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