Canada’s Tax Agency Flags Massive Crypto Non-Compliance but Brings Zero Charges Since 2020
20 Dec
Top Stories

Canada’s Tax Agency Flags Massive Crypto Non-Compliance but Brings Zero Charges Since 2020

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The CRA has recovered over C$100 million (AU$109 million) in crypto tax audits but has not filed any criminal charges since 2020.Court orders, such as the recent Dapper Labs disclosure for 2,500 users, are being used to tackle widespread non-compliance.Canada is preparing stablecoin legislation and a dedicated financial crimes agency, while FINTRAC fines illustrate rising scrutiny on crypto firms.Canada’s tax authority, the Canada Revenue Agency (CRA), has clawed back more than C$100 million (AU$109 million) through audits targeting cryptocurrency users, yet it has not filed any criminal charges since 2020. The CRA’s 35-person crypto audit team has reviewed over 230 cases and estimates that roughly 40 per cent of taxpayers using digital asset platforms either have not filed returns or face a high...
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‘My life was carnage’
20 Dec
Science & Technology

‘My life was carnage’

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Intercounty GAA players are six times more likely to develop a gambling addiction than the average person, new research has found. The findings, published in the Irish Journal of Medical Science, found that 4.8% of respondents could be considered problem gamblers. By contrast, the prevalence among the general population is 0.8%. On Newstalk DailyAssociate Professor at the University of Limerick Dr Kieran Murray said there is an increasing awareness of the impact gambling has. “Gambling now has a DSM code for a medical illness, with widespread harms in terms of mental...
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Science & Technology

Montreal hosts G7 ministers to talk about artificial intelligence, quantum computing

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OTTAWA — Artificial intelligence is likely to take up much of the agenda as industry, digital and technology ministers from the world’s most powerful Western countries meet in Montreal this week. OTTAWA — Artificial intelligence is likely to take up much of the agenda as industry, digital and technology ministers from the world’s most powerful Western countries meet in Montreal this week. The two-day event is part of a series of ministerial meetings being held as Canada holds the presidency of the G7 group of nations this year. Prime Minister Mark Carney hosted the G7 leaders’ summit in June, welcoming leaders from the United States, France, Germany, Italy, Japan and the United Kingdom, along with the European Union, to Kananaskis, Alta. "The decisions that we'll make here together will shape the...
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Huge Announcement! PM Shahbaz Approves 100MW Solar Project to Transform Gilgit-Baltistan Forever
20 Dec
Business News

Huge Announcement! PM Shahbaz Approves 100MW Solar Project to Transform Gilgit-Baltistan Forever

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Business Prime Minister Shehbaz Sharif has given the green light for a major 100MW solar power project in Gilgit-Baltistan. This initiative is part of a wider effort to improve electricity supply across the country, including significant projects in Gwadar, aimed at ensuring continuous and affordable power for residents and businesses. The solar power plan in Gilgit-Baltistan will include both rooftop installations and large-scale solar systems. Officials have said that the project, which is expected to be completed by 2027, will not only provide clean energy but also help save around Rs1 billion every year. These savings are likely to benefit both the government and local industries, supporting economic growth and creating new opportunities for businesses in the region. In addition to the solar project, Prime Minister Shehbaz Sharif has emphasized the importance of major electricity initiatives in...
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