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Canada’s tax authority has obtained a court order forcing Dapper Labs to hand over transaction data for 2,500 of its highest-volume users in a probe into potential cryptocurrency tax evasion, marking the second time the CRA has compelled a domestic crypto firm to disclose records and exposing persistent gaps in the country’s enforcement regime.
The Canada Revenue Agency filed the application in September 2025 under Section 231.2 of the Income Tax Act, targeting users of the Vancouver-based NFT company behind NBA Top Shot and CryptoKitties. This follows a similar 2020 order against Coinsquare, the first such action against a Canadian platform. The CRA’s 35-person crypto audit team has reviewed over 230 files since 2020, recovering $72 million USD in unpaid taxes, but only five criminal investigations have been launched. Four of these investigations are still ongoing and no charges have been filed till date.
Canada’s crypto tax crackdown reaps millions. So why no criminal charges? https://t.co/iLXvGT9deG
— CTV News (@CTVNews) December 7, 2025
Enforcement has become an issue despite CRA estimates that 40% of crypto platform taxpayers either failed to file returns or pose high evasion risk. Agency officials have cited complexities like cross-border transactions, limited evidence, and international cooperation as some of the barriers to enforcement.
This is in stark contrast with FINTRAC’s swift AML fines running into hundreds of millions against firms like Binance and KuCoin. There are plans in place for a national financial crimes agency by spring 2026. While this could sharpen focus, for now, audits remain the primary tool.
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