Canadian Tax Authority Estimates 40% of Cryptocurrency Users are Non-compliant

According to court documents obtained by Canadian Press and others, the Canada Revenue Agency (CRA) has collected over 100 million Canadian dollars (approximately 11.2 billion yen) through cryptocurrency-related audits in the past three years, with no criminal prosecutions since 2020. This situation highlights structural limitations in Canada's enforcement capabilities. The CRA's 35-member cryptocurrency audit team is working on over 230 files, estimating that up to 40% of taxpayers using cryptocurrency platforms have not declared their taxes or are at high risk of non-compliance. However, the agency's chief cryptocurrency auditor stated in a sworn affidavit that the CRA is '...