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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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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BREAKING NEWS: Legendary Music Icon, Akiin Shuga Is Dead
07 Dec
Breaking News

BREAKING NEWS: Legendary Music Icon, Akiin Shuga Is Dead

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Nigerias entertainment industry has been thrown into mourning following the death of renowned live band leader and music icon, Akinloye Tofowomo, popularly known as Akiin Shuga. In an official family statement released on Monday, the family confirmed that the revered musician and founder of Shuga Band and Shuga Entertainment passed away in New Brunswick, Canada. The statement described Akiin Shuga as more than a musician, portraying him as a custodian of rhythm, culture, and the spirit of performance. For over three decades, Akiin Shuga stood tall as one of Nigerias most respected live performers, leading his band with grace, mastery, and purpose. Beyond his music, he also inspired and mentored many young talents within and outside Nigerias entertainment space. The family expressed gratitude to friends, fans, and well-wishers for their prayers and tributes while requesting privacy as they come...
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Blue Origin scrubs New Glenn’s second flight due to bad weather
07 Dec
Science & Technology

Blue Origin scrubs New Glenn’s second flight due to bad weather

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Blue Origin has postponed the second flight of its New Glenn rocket, which was slated to send a pair of NASA spacecraft on the first step of their journey to Mars on Sunday afternoon. The heavy-lift launch vehicle was scheduled to take off from Cape Canaveral Space Force Station in Florida at 2:45PM ET., but multiple holds were issued during the under-two-hour launch window due to inclement weather. Blue Origin called off the launch attempt around 4:13PM. The next launch opportunity is as yet unclear. Blue Origin was previously given a backup opportunity set for Monday afternoon, but the FAA has since issued an emergency order restricting commercial launches for the time being due to the government shutdown. As of November 10, commercial space launches can only take place between 10:00PM and 6:00AM. Blue Origin said...
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