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

Posted by author-avatar
0
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...
Continue reading
Canada’s first ‘prisoner of conscience’ is an Indigenous land defender
17 Aug
Politics

Canada’s first ‘prisoner of conscience’ is an Indigenous land defender

Posted by author-avatar
0
Politics tamfitronics In 2019, construction began on a natural gas pipeline that would cut through the unceded homelands of the Wet’suwet’en Nation in western Canada. Wet’suwet’en land and water protectors were forbidden from coming near the construction area operated by Coastal Gaslink, owned by TC Energy. However, the project was met almost immediately with resistance and gained international attention due to the tribe’s use of traditional law. Under Wet’suwet’en law, the pipeline trespassed on Wet’suwet’en land. With no treaty signed with Canada or Britain, Wet’suwet’en argue that their laws are still applicable — a political status recognized by the Canadian supreme court — and they have the right to evict Coastal Gaslink, and its pipeline, from its homelands.In 2021, Chief Dsta’hyl, a Wet’suwet’en...
Continue reading
‘Canada’s standing in the world has slipped’ under Trudeau, Marc Garneau says in autobiography
05 Jul
Politics

‘Canada’s standing in the world has slipped’ under Trudeau, Marc Garneau says in autobiography

Posted by author-avatar
0
Politics tamfitronics Former foreign affairs minister Marc Garneau says Canada has lost its standing in the world under the tenure of Prime Minister Justin Trudeau, whom he criticizes as an ill-prepared leader who prioritizes politics and makes big pronouncements without any follow-through."I believe Justin Trudeau has overestimated Canada's impact abroad," Garneau writes in his autobiography, A Most Extraordinary Ride: Space, Politics and the Pursuit of a Canadian Dream, which is scheduled to be released in October by Penguin Random House.While much of the book is a trip down memory lane for Garneau's pre-politics career in the military and as an astronaut, the final third is devoted to his time as a member of Parliament.Garneau, now 75, was first elected in 2008 as the Liberal MP for the Montreal riding of Westmount-Ville Marie, a riding that later...
Continue reading