May 22, 2024

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Canada’s Tax Agency Targets $40M in Uncollected Crypto Taxes as Trudeau Seeks Major Capital Gains Hike

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Canada’s Tax Agency Targets M in Uncollected Crypto Taxes as Trudeau Seeks Major Capital Gains Hike
Canada’s Tax Agency Targets M in Uncollected Crypto Taxes as Trudeau Seeks Major Capital Gains HikeBased on a report by the National Post, Canada’s Revenue Agency (CRA) is actively searching for uncollected taxes on cryptocurrencies. The agency estimates that there is nearly $40 million in undeclared taxes related to digital currencies. Concurrently, Prime Minister Justin Trudeau is proposing an increase in capital gains taxes from 50% to 66% for any […]