Canada Revenue Agency gets more teeth to catch potential tax cheats
The federal government is cracking down on potential tax cheats by introducing new measures to track cryptocurrency transactions and giving the Canada Revenue Agency more teeth to penalize taxpayers who refuse to disclose information it wants.
![Canada Revenue Agency gets more teeth to catch potential tax cheats](https://i.cbc.ca/1.6191474.1701886407!/cumulusImage/httpImage/image.jpg_gen/derivatives/16x9_620/shutterstock-huge-file.jpg)
![A cryptocurrency exchange rate panel. York Regional Police are warning about scams in which victims are promised they can make money through crypto investing. A cryptocurrency exchange rate panel.](https://i.cbc.ca/1.6191474.1701886407!/cumulusImage/httpImage/image.jpg_gen/derivatives/16x9_620/shutterstock-huge-file.jpg)
The federal government is cracking down on potential tax cheats by introducing new measures to track cryptocurrency transactions and giving the Canada Revenue Agency more teeth to penalize taxpayers who refuse to disclose information it wants.