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National Post
National Post
6 May 2024


NextImg:'Drop in the bucket': CRA clawing back $54 million in unpaid crypto taxes last year, investigating hundreds more

OTTAWA — The Canada Revenue Agency is clawing back $54 million in suspected unpaid taxes tied to cryptocurrencies and is looking into hundreds of crypto investors as it slowly begins cracking down on digital currencies.

In an interview Monday, Sahil Behal, a director general of CRA’s compliance branch, said the agency has roughly 400 ongoing audits or examinations related to crypto assets.