CRA: Collects $54 Million of Crypto Transactions Without Declaration
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CRA: Collects $54 Million of Crypto Transactions Without Declaration

CRA has collected $54 million of cryptocurrency financial transactions made without a declaration up to the fiscal year 2023-2024.
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CRA-has-collected-$54-million-of-cryptocurrency-financial-transactions-made-without-a-declaration-up-to-the-fiscal-year-2023-2024.

CRA has collected $54 million of cryptocurrency financial transactions made without a declaration up to the fiscal year 2023-2024.

The-compliance-branch-director-general,-Sahil-Behal,-said-that-about-400-audits-regarding-cryptocurrency-have-been-entered-into-the-process.

The compliance branch director general, Sahil Behal, said that about 400 audits regarding cryptocurrency have been entered into the process.

The-CRA-introduced-new-methods-to-educate-taxpayers,-especially-regarding-popular-digital-currencies-like-Bitcoin-and-Ethereum.

The CRA introduced new methods to educate taxpayers, especially regarding popular digital currencies like Bitcoin and Ethereum.

This-strategy-aims-at-individuals-who-are-likely-to-have-obtained-an-undeclared-income-from-trades-on-the-Coinsquare-exchange.

This strategy aims at individuals who are likely to have obtained an undeclared income from trades on the Coinsquare exchange.

Declarants-have-45-days-to-voluntarily-disclose-undisclosed-income-to-avoid-penalties-and-interest-charges.

Declarants have 45 days to voluntarily disclose undisclosed income to avoid penalties and interest charges.

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