diff --git a/core/network/conn.go b/core/network/conn.go
index 3be8cb0d69..aa6b96f718 100644
--- a/core/network/conn.go
+++ b/core/network/conn.go
@@ -2,15 +2,60 @@ package network
 
 import (
 	"context"
+	"fmt"
 	"io"
 
 	ic "github.com/libp2p/go-libp2p/core/crypto"
+
 	"github.com/libp2p/go-libp2p/core/peer"
 	"github.com/libp2p/go-libp2p/core/protocol"
 
 	ma "github.com/multiformats/go-multiaddr"
 )
 
+type ConnErrorCode uint32
+
+type ConnError struct {
+	Remote         bool
+	ErrorCode      ConnErrorCode
+	TransportError error
+}
+
+func (c *ConnError) Error() string {
+	side := "local"
+	if c.Remote {
+		side = "remote"
+	}
+	if c.TransportError != nil {
+		return fmt.Sprintf("connection closed (%s): code: 0x%x: transport error: %s", side, c.ErrorCode, c.TransportError)
+	}
+	return fmt.Sprintf("connection closed (%s): code: 0x%x", side, c.ErrorCode)
+}
+
+func (c *ConnError) Is(target error) bool {
+	if tce, ok := target.(*ConnError); ok {
+		return tce.ErrorCode == c.ErrorCode && tce.Remote == c.Remote
+	}
+	return false
+}
+
+func (c *ConnError) Unwrap() []error {
+	return []error{ErrReset, c.TransportError}
+}
+
+const (
+	ConnNoError                   ConnErrorCode = 0
+	ConnProtocolNegotiationFailed ConnErrorCode = 0x1000
+	ConnResourceLimitExceeded     ConnErrorCode = 0x1001
+	ConnRateLimited               ConnErrorCode = 0x1002
+	ConnProtocolViolation         ConnErrorCode = 0x1003
+	ConnSupplanted                ConnErrorCode = 0x1004
+	ConnGarbageCollected          ConnErrorCode = 0x1005
+	ConnShutdown                  ConnErrorCode = 0x1006
+	ConnGated                     ConnErrorCode = 0x1007
+	ConnCodeOutOfRange            ConnErrorCode = 0x1008
+)
+
 // Conn is a connection to a remote peer. It multiplexes streams.
 // Usually there is no need to use a Conn directly, but it may
 // be useful to get information about the peer on the other side:
@@ -24,6 +69,11 @@ type Conn interface {
 	ConnStat
 	ConnScoper
 
+	// CloseWithError closes the connection with errCode. The errCode is sent to the
+	// peer on a best effort basis. For transports that do not support sending error
+	// codes on connection close, the behavior is identical to calling Close.
+	CloseWithError(errCode ConnErrorCode) error
+
 	// ID returns an identifier that uniquely identifies this Conn within this
 	// host, during this run. Connection IDs may repeat across restarts.
 	ID() string
diff --git a/core/network/mux.go b/core/network/mux.go
index d12e2ea34b..be61ccf62a 100644
--- a/core/network/mux.go
+++ b/core/network/mux.go
@@ -3,6 +3,7 @@ package network
 import (
 	"context"
 	"errors"
+	"fmt"
 	"io"
 	"net"
 	"time"
@@ -11,6 +12,49 @@ import (
 // ErrReset is returned when reading or writing on a reset stream.
 var ErrReset = errors.New("stream reset")
 
+type StreamErrorCode uint32
+
+type StreamError struct {
+	ErrorCode      StreamErrorCode
+	Remote         bool
+	TransportError error
+}
+
+func (s *StreamError) Error() string {
+	side := "local"
+	if s.Remote {
+		side = "remote"
+	}
+	if s.TransportError != nil {
+		return fmt.Sprintf("stream reset (%s): code: 0x%x: transport error: %s", side, s.ErrorCode, s.TransportError)
+	}
+	return fmt.Sprintf("stream reset (%s): code: 0x%x", side, s.ErrorCode)
+}
+
+func (s *StreamError) Is(target error) bool {
+	if tse, ok := target.(*StreamError); ok {
+		return tse.ErrorCode == s.ErrorCode && tse.Remote == s.Remote
+	}
+	return false
+}
+
+func (s *StreamError) Unwrap() []error {
+	return []error{ErrReset, s.TransportError}
+}
+
+const (
+	StreamNoError                   StreamErrorCode = 0
+	StreamProtocolNegotiationFailed StreamErrorCode = 0x1001
+	StreamResourceLimitExceeded     StreamErrorCode = 0x1002
+	StreamRateLimited               StreamErrorCode = 0x1003
+	StreamProtocolViolation         StreamErrorCode = 0x1004
+	StreamSupplanted                StreamErrorCode = 0x1005
+	StreamGarbageCollected          StreamErrorCode = 0x1006
+	StreamShutdown                  StreamErrorCode = 0x1007
+	StreamGated                     StreamErrorCode = 0x1008
+	StreamCodeOutOfRange            StreamErrorCode = 0x1009
+)
+
 // MuxedStream is a bidirectional io pipe within a connection.
 type MuxedStream interface {
 	io.Reader
@@ -56,6 +100,11 @@ type MuxedStream interface {
 	// side to hang up and go away.
 	Reset() error
 
+	// ResetWithError aborts both ends of the stream with `errCode`. `errCode` is sent
+	// to the peer on a best effort basis. For transports that do not support sending
+	// error codes to remote peer, the behavior is identical to calling Reset
+	ResetWithError(errCode StreamErrorCode) error
+
 	SetDeadline(time.Time) error
 	SetReadDeadline(time.Time) error
 	SetWriteDeadline(time.Time) error
@@ -75,6 +124,10 @@ type MuxedConn interface {
 	// Close closes the stream muxer and the the underlying net.Conn.
 	io.Closer
 
+	// CloseWithError closes the connection with errCode. The errCode is sent
+	// to the peer.
+	CloseWithError(errCode ConnErrorCode) error
+
 	// IsClosed returns whether a connection is fully closed, so it can
 	// be garbage collected.
 	IsClosed() bool
diff --git a/core/network/stream.go b/core/network/stream.go
index 62e230034c..f2b6cbcb88 100644
--- a/core/network/stream.go
+++ b/core/network/stream.go
@@ -27,4 +27,8 @@ type Stream interface {
 
 	// Scope returns the user's view of this stream's resource scope
 	Scope() StreamScope
+
+	// ResetWithError closes both ends of the stream with errCode. The errCode is sent
+	// to the peer.
+	ResetWithError(errCode StreamErrorCode) error
 }
diff --git a/go.mod b/go.mod
index 620db8e9ac..d132eee35b 100644
--- a/go.mod
+++ b/go.mod
@@ -30,7 +30,7 @@ require (
 	github.com/libp2p/go-nat v0.2.0
 	github.com/libp2p/go-netroute v0.2.2
 	github.com/libp2p/go-reuseport v0.4.0
-	github.com/libp2p/go-yamux/v4 v4.0.2
+	github.com/libp2p/go-yamux/v5 v5.0.0
 	github.com/libp2p/zeroconf/v2 v2.2.0
 	github.com/marten-seemann/tcp v0.0.0-20210406111302-dfbc87cc63fd
 	github.com/mikioh/tcpinfo v0.0.0-20190314235526-30a79bb1804b
diff --git a/go.sum b/go.sum
index 5fc39d583a..07dcb34476 100644
--- a/go.sum
+++ b/go.sum
@@ -193,8 +193,8 @@ github.com/libp2p/go-netroute v0.2.2 h1:Dejd8cQ47Qx2kRABg6lPwknU7+nBnFRpko45/fFP
 github.com/libp2p/go-netroute v0.2.2/go.mod h1:Rntq6jUAH0l9Gg17w5bFGhcC9a+vk4KNXs6s7IljKYE=
 github.com/libp2p/go-reuseport v0.4.0 h1:nR5KU7hD0WxXCJbmw7r2rhRYruNRl2koHw8fQscQm2s=
 github.com/libp2p/go-reuseport v0.4.0/go.mod h1:ZtI03j/wO5hZVDFo2jKywN6bYKWLOy8Se6DrI2E1cLU=
-github.com/libp2p/go-yamux/v4 v4.0.2 h1:nrLh89LN/LEiqcFiqdKDRHjGstN300C1269K/EX0CPU=
-github.com/libp2p/go-yamux/v4 v4.0.2/go.mod h1:C808cCRgOs1iBwY4S71T5oxgMxgLmqUw56qh4AeBW2o=
+github.com/libp2p/go-yamux/v5 v5.0.0 h1:2djUh96d3Jiac/JpGkKs4TO49YhsfLopAoryfPmf+Po=
+github.com/libp2p/go-yamux/v5 v5.0.0/go.mod h1:en+3cdX51U0ZslwRdRLrvQsdayFt3TSUKvBGErzpWbU=
 github.com/libp2p/zeroconf/v2 v2.2.0 h1:Cup06Jv6u81HLhIj1KasuNM/RHHrJ8T7wOTS4+Tv53Q=
 github.com/libp2p/zeroconf/v2 v2.2.0/go.mod h1:fuJqLnUwZTshS3U/bMRJ3+ow/v9oid1n0DmyYyNO1Xs=
 github.com/lunixbochs/vtclean v1.0.0/go.mod h1:pHhQNgMf3btfWnGBVipUOjRYhoOsdGqdm/+2c2E2WMI=
diff --git a/p2p/host/basic/basic_host.go b/p2p/host/basic/basic_host.go
index a85d1978d7..5abd305956 100644
--- a/p2p/host/basic/basic_host.go
+++ b/p2p/host/basic/basic_host.go
@@ -464,7 +464,7 @@ func (h *BasicHost) newStreamHandler(s network.Stream) {
 		} else {
 			log.Debugf("protocol mux failed: %s (took %s, id:%s, remote peer:%s, remote addr:%v)", err, took, s.ID(), s.Conn().RemotePeer(), s.Conn().RemoteMultiaddr())
 		}
-		s.Reset()
+		s.ResetWithError(network.StreamProtocolNegotiationFailed)
 		return
 	}
 
@@ -478,7 +478,7 @@ func (h *BasicHost) newStreamHandler(s network.Stream) {
 
 	if err := s.SetProtocol(protoID); err != nil {
 		log.Debugf("error setting stream protocol: %s", err)
-		s.Reset()
+		s.ResetWithError(network.StreamResourceLimitExceeded)
 		return
 	}
 
@@ -717,7 +717,7 @@ func (h *BasicHost) NewStream(ctx context.Context, p peer.ID, pids ...protocol.I
 	}
 	defer func() {
 		if strErr != nil && s != nil {
-			s.Reset()
+			s.ResetWithError(network.StreamProtocolNegotiationFailed)
 		}
 	}()
 
@@ -761,13 +761,14 @@ func (h *BasicHost) NewStream(ctx context.Context, p peer.ID, pids ...protocol.I
 			return nil, fmt.Errorf("failed to negotiate protocol: %w", err)
 		}
 	case <-ctx.Done():
-		s.Reset()
+		s.ResetWithError(network.StreamProtocolNegotiationFailed)
 		// wait for `SelectOneOf` to error out because of resetting the stream.
 		<-errCh
 		return nil, fmt.Errorf("failed to negotiate protocol: %w", ctx.Err())
 	}
 
 	if err := s.SetProtocol(selected); err != nil {
+		s.ResetWithError(network.StreamResourceLimitExceeded)
 		return nil, err
 	}
 	_ = h.Peerstore().AddProtocols(p, selected) // adding the protocol to the peerstore isn't critical
diff --git a/p2p/muxer/testsuite/mux.go b/p2p/muxer/testsuite/mux.go
index 5b47117fd6..93d24785ea 100644
--- a/p2p/muxer/testsuite/mux.go
+++ b/p2p/muxer/testsuite/mux.go
@@ -4,6 +4,7 @@ import (
 	"bytes"
 	"context"
 	crand "crypto/rand"
+	"errors"
 	"fmt"
 	"io"
 	mrand "math/rand"
@@ -462,7 +463,7 @@ func SubtestStreamReset(t *testing.T, tr network.Multiplexer) {
 		time.Sleep(time.Millisecond * 50)
 
 		_, err = s.Write([]byte("foo"))
-		if err != network.ErrReset {
+		if !errors.Is(err, network.ErrReset) {
 			t.Error("should have been stream reset")
 		}
 		s.Close()
diff --git a/p2p/muxer/yamux/conn.go b/p2p/muxer/yamux/conn.go
index 40c4af4052..54a856e58c 100644
--- a/p2p/muxer/yamux/conn.go
+++ b/p2p/muxer/yamux/conn.go
@@ -5,7 +5,7 @@ import (
 
 	"github.com/libp2p/go-libp2p/core/network"
 
-	"github.com/libp2p/go-yamux/v4"
+	"github.com/libp2p/go-yamux/v5"
 )
 
 // conn implements mux.MuxedConn over yamux.Session.
@@ -23,6 +23,10 @@ func (c *conn) Close() error {
 	return c.yamux().Close()
 }
 
+func (c *conn) CloseWithError(errCode network.ConnErrorCode) error {
+	return c.yamux().CloseWithError(uint32(errCode))
+}
+
 // IsClosed checks if yamux.Session is in closed state.
 func (c *conn) IsClosed() bool {
 	return c.yamux().IsClosed()
@@ -32,7 +36,7 @@ func (c *conn) IsClosed() bool {
 func (c *conn) OpenStream(ctx context.Context) (network.MuxedStream, error) {
 	s, err := c.yamux().OpenStream(ctx)
 	if err != nil {
-		return nil, err
+		return nil, parseError(err)
 	}
 
 	return (*stream)(s), nil
@@ -41,7 +45,7 @@ func (c *conn) OpenStream(ctx context.Context) (network.MuxedStream, error) {
 // AcceptStream accepts a stream opened by the other side.
 func (c *conn) AcceptStream() (network.MuxedStream, error) {
 	s, err := c.yamux().AcceptStream()
-	return (*stream)(s), err
+	return (*stream)(s), parseError(err)
 }
 
 func (c *conn) yamux() *yamux.Session {
diff --git a/p2p/muxer/yamux/stream.go b/p2p/muxer/yamux/stream.go
index b50bc0bb87..450bdec479 100644
--- a/p2p/muxer/yamux/stream.go
+++ b/p2p/muxer/yamux/stream.go
@@ -1,11 +1,13 @@
 package yamux
 
 import (
+	"errors"
+	"fmt"
 	"time"
 
 	"github.com/libp2p/go-libp2p/core/network"
 
-	"github.com/libp2p/go-yamux/v4"
+	"github.com/libp2p/go-yamux/v5"
 )
 
 // stream implements mux.MuxedStream over yamux.Stream.
@@ -13,22 +15,32 @@ type stream yamux.Stream
 
 var _ network.MuxedStream = &stream{}
 
-func (s *stream) Read(b []byte) (n int, err error) {
-	n, err = s.yamux().Read(b)
-	if err == yamux.ErrStreamReset {
-		err = network.ErrReset
+func parseError(err error) error {
+	if err == nil {
+		return err
+	}
+	se := &yamux.StreamError{}
+	if errors.As(err, &se) {
+		return &network.StreamError{Remote: se.Remote, ErrorCode: network.StreamErrorCode(se.ErrorCode), TransportError: err}
 	}
+	ce := &yamux.GoAwayError{}
+	if errors.As(err, &ce) {
+		return &network.ConnError{Remote: ce.Remote, ErrorCode: network.ConnErrorCode(ce.ErrorCode), TransportError: err}
+	}
+	if errors.Is(err, yamux.ErrStreamReset) {
+		return fmt.Errorf("%w: %w", network.ErrReset, err)
+	}
+	return err
+}
 
-	return n, err
+func (s *stream) Read(b []byte) (n int, err error) {
+	n, err = s.yamux().Read(b)
+	return n, parseError(err)
 }
 
 func (s *stream) Write(b []byte) (n int, err error) {
 	n, err = s.yamux().Write(b)
-	if err == yamux.ErrStreamReset {
-		err = network.ErrReset
-	}
-
-	return n, err
+	return n, parseError(err)
 }
 
 func (s *stream) Close() error {
@@ -39,6 +51,10 @@ func (s *stream) Reset() error {
 	return s.yamux().Reset()
 }
 
+func (s *stream) ResetWithError(errCode network.StreamErrorCode) error {
+	return s.yamux().ResetWithError(uint32(errCode))
+}
+
 func (s *stream) CloseRead() error {
 	return s.yamux().CloseRead()
 }
diff --git a/p2p/muxer/yamux/transport.go b/p2p/muxer/yamux/transport.go
index 3273836331..8350abdd86 100644
--- a/p2p/muxer/yamux/transport.go
+++ b/p2p/muxer/yamux/transport.go
@@ -7,7 +7,7 @@ import (
 
 	"github.com/libp2p/go-libp2p/core/network"
 
-	"github.com/libp2p/go-yamux/v4"
+	"github.com/libp2p/go-yamux/v5"
 )
 
 var DefaultTransport *Transport
diff --git a/p2p/net/connmgr/connmgr.go b/p2p/net/connmgr/connmgr.go
index 5033538e3b..c2cd307259 100644
--- a/p2p/net/connmgr/connmgr.go
+++ b/p2p/net/connmgr/connmgr.go
@@ -175,7 +175,8 @@ func (cm *BasicConnMgr) memoryEmergency() {
 	// Trim connections without paying attention to the silence period.
 	for _, c := range cm.getConnsToCloseEmergency(target) {
 		log.Infow("low on memory. closing conn", "peer", c.RemotePeer())
-		c.Close()
+
+		c.CloseWithError(network.ConnGarbageCollected)
 	}
 
 	// finally, update the last trim time.
@@ -388,7 +389,7 @@ func (cm *BasicConnMgr) trim() {
 	// do the actual trim.
 	for _, c := range cm.getConnsToClose() {
 		log.Debugw("closing conn", "peer", c.RemotePeer())
-		c.Close()
+		c.CloseWithError(network.ConnGarbageCollected)
 	}
 }
 
diff --git a/p2p/net/connmgr/connmgr_test.go b/p2p/net/connmgr/connmgr_test.go
index 2c657255f0..f47557b02c 100644
--- a/p2p/net/connmgr/connmgr_test.go
+++ b/p2p/net/connmgr/connmgr_test.go
@@ -11,8 +11,11 @@ import (
 	"github.com/libp2p/go-libp2p/core/crypto"
 	"github.com/libp2p/go-libp2p/core/network"
 	"github.com/libp2p/go-libp2p/core/peer"
+	"github.com/libp2p/go-libp2p/core/peerstore"
 	tu "github.com/libp2p/go-libp2p/core/test"
 
+	swarmt "github.com/libp2p/go-libp2p/p2p/net/swarm/testing"
+
 	ma "github.com/multiformats/go-multiaddr"
 	"github.com/stretchr/testify/require"
 )
@@ -33,6 +36,14 @@ func (c *tconn) Close() error {
 	return nil
 }
 
+func (c *tconn) CloseWithError(code network.ConnErrorCode) error {
+	atomic.StoreUint32(&c.closed, 1)
+	if c.disconnectNotify != nil {
+		c.disconnectNotify(nil, c)
+	}
+	return nil
+}
+
 func (c *tconn) isClosed() bool {
 	return atomic.LoadUint32(&c.closed) == 1
 }
@@ -794,6 +805,7 @@ type mockConn struct {
 }
 
 func (m mockConn) Close() error                                          { panic("implement me") }
+func (m mockConn) CloseWithError(errCode network.ConnErrorCode) error    { panic("implement me") }
 func (m mockConn) LocalPeer() peer.ID                                    { panic("implement me") }
 func (m mockConn) RemotePeer() peer.ID                                   { panic("implement me") }
 func (m mockConn) RemotePublicKey() crypto.PubKey                        { panic("implement me") }
@@ -986,3 +998,79 @@ type testLimitGetter struct {
 func (g testLimitGetter) GetConnLimit() int {
 	return g.limit
 }
+
+func TestErrorCode(t *testing.T) {
+	sw1, sw2, sw3 := swarmt.GenSwarm(t), swarmt.GenSwarm(t), swarmt.GenSwarm(t)
+	defer sw1.Close()
+	defer sw2.Close()
+	defer sw3.Close()
+
+	cm, err := NewConnManager(1, 1, WithGracePeriod(0), WithSilencePeriod(10))
+	require.NoError(t, err)
+	defer cm.Close()
+
+	sw1.Peerstore().AddAddrs(sw2.LocalPeer(), sw2.ListenAddresses(), peerstore.PermanentAddrTTL)
+	sw1.Peerstore().AddAddrs(sw3.LocalPeer(), sw3.ListenAddresses(), peerstore.PermanentAddrTTL)
+
+	c12, err := sw1.DialPeer(context.Background(), sw2.LocalPeer())
+	require.NoError(t, err)
+
+	var c21 network.Conn
+	require.Eventually(t, func() bool {
+		conns := sw2.ConnsToPeer(sw1.LocalPeer())
+		if len(conns) == 0 {
+			return false
+		}
+		c21 = conns[0]
+		return true
+	}, 10*time.Second, 100*time.Millisecond)
+
+	c13, err := sw1.DialPeer(context.Background(), sw3.LocalPeer())
+	require.NoError(t, err)
+
+	var c31 network.Conn
+	require.Eventually(t, func() bool {
+		conns := sw3.ConnsToPeer(sw1.LocalPeer())
+		if len(conns) == 0 {
+			return false
+		}
+		c31 = conns[0]
+		return true
+	}, 10*time.Second, 100*time.Millisecond)
+
+	not := cm.Notifee()
+	not.Connected(sw1, c12)
+	not.Connected(sw1, c13)
+
+	cm.TrimOpenConns(context.Background())
+
+	require.True(t, c12.IsClosed() || c13.IsClosed())
+	var c, cr network.Conn
+	if c12.IsClosed() {
+		c = c12
+		require.Eventually(t, func() bool {
+			conns := sw2.ConnsToPeer(sw1.LocalPeer())
+			if len(conns) == 0 {
+				cr = c21
+				return true
+			}
+			return false
+		}, 5*time.Second, 100*time.Millisecond)
+	} else {
+		c = c13
+		require.Eventually(t, func() bool {
+			conns := sw3.ConnsToPeer(sw1.LocalPeer())
+			if len(conns) == 0 {
+				cr = c31
+				return true
+			}
+			return false
+		}, 5*time.Second, 100*time.Millisecond)
+	}
+
+	_, err = c.NewStream(context.Background())
+	require.ErrorIs(t, err, &network.ConnError{ErrorCode: network.ConnGarbageCollected, Remote: false})
+
+	_, err = cr.NewStream(context.Background())
+	require.ErrorIs(t, err, &network.ConnError{ErrorCode: network.ConnGarbageCollected, Remote: true})
+}
diff --git a/p2p/net/mock/mock_conn.go b/p2p/net/mock/mock_conn.go
index 8c3dc87299..fc4e0ad670 100644
--- a/p2p/net/mock/mock_conn.go
+++ b/p2p/net/mock/mock_conn.go
@@ -185,3 +185,7 @@ func (c *conn) Stat() network.ConnStats {
 func (c *conn) Scope() network.ConnScope {
 	return &network.NullScope{}
 }
+
+func (c *conn) CloseWithError(_ network.ConnErrorCode) error {
+	return c.Close()
+}
diff --git a/p2p/net/mock/mock_stream.go b/p2p/net/mock/mock_stream.go
index c85cca544d..27e32d9e9e 100644
--- a/p2p/net/mock/mock_stream.go
+++ b/p2p/net/mock/mock_stream.go
@@ -144,6 +144,24 @@ func (s *stream) Reset() error {
 	return nil
 }
 
+// ResetWithError resets the stream. It ignores the provided error code.
+// TODO: Implement error code support.
+func (s *stream) ResetWithError(_ network.StreamErrorCode) error {
+	// Cancel any pending reads/writes with an error.
+
+	s.write.CloseWithError(network.ErrReset)
+	s.read.CloseWithError(network.ErrReset)
+
+	select {
+	case s.reset <- struct{}{}:
+	default:
+	}
+	<-s.closed
+
+	// No meaningful error case here.
+	return nil
+}
+
 func (s *stream) teardown() {
 	// at this point, no streams are writing.
 	s.conn.removeStream(s)
diff --git a/p2p/net/swarm/swarm.go b/p2p/net/swarm/swarm.go
index eb6abbcd84..b5ca654462 100644
--- a/p2p/net/swarm/swarm.go
+++ b/p2p/net/swarm/swarm.go
@@ -385,8 +385,7 @@ func (s *Swarm) addConn(tc transport.CapableConn, dir network.Direction) (*Conn,
 	// If we do this in the Upgrader, we will not be able to do this.
 	if s.gater != nil {
 		if allow, _ := s.gater.InterceptUpgraded(c); !allow {
-			// TODO Send disconnect with reason here
-			err := tc.Close()
+			err := tc.CloseWithError(network.ConnGated)
 			if err != nil {
 				log.Warnf("failed to close connection with peer %s and addr %s; err: %s", p, addr, err)
 			}
@@ -845,6 +844,14 @@ func (c *connWithMetrics) Close() error {
 	return c.closeErr
 }
 
+func (c *connWithMetrics) CloseWithError(errCode network.ConnErrorCode) error {
+	c.once.Do(func() {
+		c.metricsTracer.ClosedConnection(c.dir, time.Since(c.opened), c.ConnState(), c.LocalMultiaddr())
+		c.closeErr = c.CapableConn.CloseWithError(errCode)
+	})
+	return c.closeErr
+}
+
 func (c *connWithMetrics) Stat() network.ConnStats {
 	if cs, ok := c.CapableConn.(network.ConnStat); ok {
 		return cs.Stat()
diff --git a/p2p/net/swarm/swarm_conn.go b/p2p/net/swarm/swarm_conn.go
index 5fd41c8d9f..1d6cf96b4e 100644
--- a/p2p/net/swarm/swarm_conn.go
+++ b/p2p/net/swarm/swarm_conn.go
@@ -58,11 +58,20 @@ func (c *Conn) ID() string {
 // open notifications must finish before we can fire off the close
 // notifications).
 func (c *Conn) Close() error {
-	c.closeOnce.Do(c.doClose)
+	c.closeOnce.Do(func() {
+		c.doClose(0)
+	})
 	return c.err
 }
 
-func (c *Conn) doClose() {
+func (c *Conn) CloseWithError(errCode network.ConnErrorCode) error {
+	c.closeOnce.Do(func() {
+		c.doClose(errCode)
+	})
+	return c.err
+}
+
+func (c *Conn) doClose(errCode network.ConnErrorCode) {
 	c.swarm.removeConn(c)
 
 	// Prevent new streams from opening.
@@ -71,7 +80,11 @@ func (c *Conn) doClose() {
 	c.streams.m = nil
 	c.streams.Unlock()
 
-	c.err = c.conn.Close()
+	if errCode != 0 {
+		c.err = c.conn.CloseWithError(errCode)
+	} else {
+		c.err = c.conn.Close()
+	}
 
 	// Send the connectedness event after closing the connection.
 	// This ensures that both remote connection close and local connection
@@ -121,7 +134,7 @@ func (c *Conn) start() {
 			}
 			scope, err := c.swarm.ResourceManager().OpenStream(c.RemotePeer(), network.DirInbound)
 			if err != nil {
-				ts.Reset()
+				ts.ResetWithError(network.StreamResourceLimitExceeded)
 				continue
 			}
 			c.swarm.refs.Add(1)
diff --git a/p2p/net/swarm/swarm_stream.go b/p2p/net/swarm/swarm_stream.go
index b7846adec2..4fee368250 100644
--- a/p2p/net/swarm/swarm_stream.go
+++ b/p2p/net/swarm/swarm_stream.go
@@ -91,6 +91,12 @@ func (s *Stream) Reset() error {
 	return err
 }
 
+func (s *Stream) ResetWithError(errCode network.StreamErrorCode) error {
+	err := s.stream.ResetWithError(errCode)
+	s.closeAndRemoveStream()
+	return err
+}
+
 func (s *Stream) closeAndRemoveStream() {
 	s.closeMx.Lock()
 	defer s.closeMx.Unlock()
diff --git a/p2p/net/swarm/swarm_test.go b/p2p/net/swarm/swarm_test.go
index 3d92690b98..496236f826 100644
--- a/p2p/net/swarm/swarm_test.go
+++ b/p2p/net/swarm/swarm_test.go
@@ -538,7 +538,7 @@ func TestResourceManagerAcceptStream(t *testing.T) {
 	if err == nil {
 		_, err = str.Read([]byte{0})
 	}
-	require.EqualError(t, err, "stream reset")
+	require.ErrorContains(t, err, "stream reset")
 }
 
 func TestListenCloseCount(t *testing.T) {
diff --git a/p2p/net/upgrader/conn.go b/p2p/net/upgrader/conn.go
index 1c23a01aed..2cc4dcfbb6 100644
--- a/p2p/net/upgrader/conn.go
+++ b/p2p/net/upgrader/conn.go
@@ -63,3 +63,8 @@ func (t *transportConn) ConnState() network.ConnectionState {
 		UsedEarlyMuxerNegotiation: t.usedEarlyMuxerNegotiation,
 	}
 }
+
+func (t *transportConn) CloseWithError(errCode network.ConnErrorCode) error {
+	defer t.scope.Done()
+	return t.MuxedConn.CloseWithError(errCode)
+}
diff --git a/p2p/net/upgrader/listener.go b/p2p/net/upgrader/listener.go
index c2e81d2e93..55783f0154 100644
--- a/p2p/net/upgrader/listener.go
+++ b/p2p/net/upgrader/listener.go
@@ -162,7 +162,7 @@ func (l *listener) handleIncoming() {
 				// if we stop accepting connections for some reason,
 				// we'll eventually close all the open ones
 				// instead of hanging onto them.
-				conn.Close()
+				conn.CloseWithError(network.ConnRateLimited)
 			}
 		}()
 	}
diff --git a/p2p/protocol/circuitv2/relay/relay_test.go b/p2p/protocol/circuitv2/relay/relay_test.go
index f6b63e32de..7c5ec927df 100644
--- a/p2p/protocol/circuitv2/relay/relay_test.go
+++ b/p2p/protocol/circuitv2/relay/relay_test.go
@@ -4,6 +4,7 @@ import (
 	"bytes"
 	"context"
 	"crypto/rand"
+	"errors"
 	"fmt"
 	"io"
 	"testing"
@@ -267,12 +268,12 @@ func TestRelayLimitTime(t *testing.T) {
 	if n > 0 {
 		t.Fatalf("expected to write 0 bytes, wrote %d", n)
 	}
-	if err != network.ErrReset {
+	if !errors.Is(err, network.ErrReset) {
 		t.Fatalf("expected reset, but got %s", err)
 	}
 
 	err = <-rch
-	if err != network.ErrReset {
+	if !errors.Is(err, network.ErrReset) {
 		t.Fatalf("expected reset, but got %s", err)
 	}
 }
@@ -300,7 +301,7 @@ func TestRelayLimitData(t *testing.T) {
 		}
 
 		n, err := s.Read(buf)
-		if err != network.ErrReset {
+		if !errors.Is(err, network.ErrReset) {
 			t.Fatalf("expected reset but got %s", err)
 		}
 		rch <- n
diff --git a/p2p/test/transport/transport_test.go b/p2p/test/transport/transport_test.go
index 4984419dce..9936463e23 100644
--- a/p2p/test/transport/transport_test.go
+++ b/p2p/test/transport/transport_test.go
@@ -36,6 +36,7 @@ import (
 	"go.uber.org/mock/gomock"
 
 	ma "github.com/multiformats/go-multiaddr"
+	"github.com/stretchr/testify/assert"
 	"github.com/stretchr/testify/require"
 )
 
@@ -866,3 +867,170 @@ func TestConnClosedWhenRemoteCloses(t *testing.T) {
 		})
 	}
 }
+
+func TestErrorCodes(t *testing.T) {
+	assertStreamErrors := func(s network.Stream, expectedError error) {
+		buf := make([]byte, 10)
+		_, err := s.Read(buf)
+		require.ErrorIs(t, err, expectedError)
+
+		_, err = s.Write(buf)
+		require.ErrorIs(t, err, expectedError)
+	}
+
+	for _, tc := range transportsToTest {
+		t.Run(tc.Name, func(t *testing.T) {
+			server := tc.HostGenerator(t, TransportTestCaseOpts{})
+			client := tc.HostGenerator(t, TransportTestCaseOpts{NoListen: true})
+			defer server.Close()
+			defer client.Close()
+
+			client.Peerstore().AddAddrs(server.ID(), server.Addrs(), peerstore.PermanentAddrTTL)
+
+			// setup stream handler
+			remoteStreamQ := make(chan network.Stream)
+			server.SetStreamHandler("/test", func(s network.Stream) {
+				b := make([]byte, 10)
+				n, err := s.Read(b)
+				if !assert.NoError(t, err) {
+					return
+				}
+				_, err = s.Write(b[:n])
+				if !assert.NoError(t, err) {
+					return
+				}
+				remoteStreamQ <- s
+			})
+
+			// pingPong writes and reads "hello" on the stream
+			pingPong := func(s network.Stream) {
+				buf := []byte("hello")
+				_, err := s.Write(buf)
+				require.NoError(t, err)
+
+				_, err = s.Read(buf)
+				require.NoError(t, err)
+				require.Equal(t, buf, []byte("hello"))
+			}
+
+			t.Run("StreamResetWithError", func(t *testing.T) {
+				if tc.Name == "WebTransport" {
+					t.Skipf("skipping: %s, not implemented", tc.Name)
+					return
+				}
+				ctx, cancel := context.WithTimeout(context.Background(), 5*time.Second)
+				defer cancel()
+				s, err := client.NewStream(ctx, server.ID(), "/test")
+				require.NoError(t, err)
+				pingPong(s)
+
+				remoteStream := <-remoteStreamQ
+				defer remoteStream.Reset()
+
+				err = s.ResetWithError(42)
+				require.NoError(t, err)
+				assertStreamErrors(s, &network.StreamError{
+					ErrorCode: 42,
+					Remote:    false,
+				})
+
+				assertStreamErrors(remoteStream, &network.StreamError{
+					ErrorCode: 42,
+					Remote:    true,
+				})
+			})
+			t.Run("StreamResetWithErrorByRemote", func(t *testing.T) {
+				if tc.Name == "WebTransport" {
+					t.Skipf("skipping: %s, not implemented", tc.Name)
+					return
+				}
+				ctx, cancel := context.WithTimeout(context.Background(), 5*time.Second)
+				defer cancel()
+				s, err := client.NewStream(ctx, server.ID(), "/test")
+				require.NoError(t, err)
+				pingPong(s)
+
+				remoteStream := <-remoteStreamQ
+
+				err = remoteStream.ResetWithError(42)
+				require.NoError(t, err)
+
+				assertStreamErrors(s, &network.StreamError{
+					ErrorCode: 42,
+					Remote:    true,
+				})
+
+				assertStreamErrors(remoteStream, &network.StreamError{
+					ErrorCode: 42,
+					Remote:    false,
+				})
+			})
+
+			t.Run("StreamResetByConnCloseWithError", func(t *testing.T) {
+				if tc.Name == "WebTransport" || tc.Name == "WebRTC" {
+					t.Skipf("skipping: %s, not implemented", tc.Name)
+					return
+				}
+				ctx, cancel := context.WithTimeout(context.Background(), 5*time.Second)
+				defer cancel()
+				s, err := client.NewStream(ctx, server.ID(), "/test")
+				require.NoError(t, err)
+				pingPong(s)
+
+				remoteStream := <-remoteStreamQ
+				defer remoteStream.Reset()
+
+				err = s.Conn().CloseWithError(42)
+				require.NoError(t, err)
+
+				assertStreamErrors(s, &network.ConnError{
+					ErrorCode: 42,
+					Remote:    false,
+				})
+
+				assertStreamErrors(remoteStream, &network.ConnError{
+					ErrorCode: 42,
+					Remote:    true,
+				})
+			})
+
+			t.Run("NewStreamErrorByConnCloseWithError", func(t *testing.T) {
+				if tc.Name == "WebTransport" || tc.Name == "WebRTC" {
+					t.Skipf("skipping: %s, not implemented", tc.Name)
+					return
+				}
+
+				ctx, cancel := context.WithTimeout(context.Background(), 5*time.Second)
+				defer cancel()
+				s, err := client.NewStream(ctx, server.ID(), "/test")
+				require.NoError(t, err)
+				pingPong(s)
+
+				err = s.Conn().CloseWithError(42)
+				require.NoError(t, err)
+
+				remoteStream := <-remoteStreamQ
+				defer remoteStream.Reset()
+
+				localErr := &network.ConnError{
+					ErrorCode: 42,
+					Remote:    false,
+				}
+
+				remoteErr := &network.ConnError{
+					ErrorCode: 42,
+					Remote:    true,
+				}
+
+				// assert these first to ensure that remote has closed the connection
+				assertStreamErrors(remoteStream, remoteErr)
+
+				_, err = s.Conn().NewStream(ctx)
+				require.ErrorIs(t, err, localErr)
+
+				_, err = remoteStream.Conn().NewStream(ctx)
+				require.ErrorIs(t, err, remoteErr)
+			})
+		})
+	}
+}
diff --git a/p2p/transport/quic/conn.go b/p2p/transport/quic/conn.go
index a2da81eb34..8b381d8eda 100644
--- a/p2p/transport/quic/conn.go
+++ b/p2p/transport/quic/conn.go
@@ -34,6 +34,13 @@ func (c *conn) Close() error {
 	return c.closeWithError(0, "")
 }
 
+// CloseWithError closes the connection
+// It must be called even if the peer closed the connection in order for
+// garbage collection to properly work in this package.
+func (c *conn) CloseWithError(errCode network.ConnErrorCode) error {
+	return c.closeWithError(quic.ApplicationErrorCode(errCode), "")
+}
+
 func (c *conn) closeWithError(errCode quic.ApplicationErrorCode, errString string) error {
 	c.transport.removeConn(c.quicConn)
 	err := c.quicConn.CloseWithError(errCode, errString)
@@ -53,13 +60,19 @@ func (c *conn) allowWindowIncrease(size uint64) bool {
 // OpenStream creates a new stream.
 func (c *conn) OpenStream(ctx context.Context) (network.MuxedStream, error) {
 	qstr, err := c.quicConn.OpenStreamSync(ctx)
-	return &stream{Stream: qstr}, err
+	if err != nil {
+		return nil, parseStreamError(err)
+	}
+	return &stream{Stream: qstr}, nil
 }
 
 // AcceptStream accepts a stream opened by the other side.
 func (c *conn) AcceptStream() (network.MuxedStream, error) {
 	qstr, err := c.quicConn.AcceptStream(context.Background())
-	return &stream{Stream: qstr}, err
+	if err != nil {
+		return nil, parseStreamError(err)
+	}
+	return &stream{Stream: qstr}, nil
 }
 
 // LocalPeer returns our peer ID
diff --git a/p2p/transport/quic/conn_test.go b/p2p/transport/quic/conn_test.go
index d3e27a7e16..bf3f7b0751 100644
--- a/p2p/transport/quic/conn_test.go
+++ b/p2p/transport/quic/conn_test.go
@@ -270,6 +270,9 @@ func TestStreams(t *testing.T) {
 		t.Run(tc.Name, func(t *testing.T) {
 			testStreams(t, tc)
 		})
+		t.Run(tc.Name, func(t *testing.T) {
+			testStreamsErrorCode(t, tc)
+		})
 	}
 }
 
@@ -305,6 +308,45 @@ func testStreams(t *testing.T, tc *connTestCase) {
 	require.Equal(t, data, []byte("foobar"))
 }
 
+func testStreamsErrorCode(t *testing.T, tc *connTestCase) {
+	serverID, serverKey := createPeer(t)
+	_, clientKey := createPeer(t)
+
+	serverTransport, err := NewTransport(serverKey, newConnManager(t, tc.Options...), nil, nil, nil)
+	require.NoError(t, err)
+	defer serverTransport.(io.Closer).Close()
+	ln := runServer(t, serverTransport, "/ip4/127.0.0.1/udp/0/quic-v1")
+	defer ln.Close()
+
+	clientTransport, err := NewTransport(clientKey, newConnManager(t, tc.Options...), nil, nil, nil)
+	require.NoError(t, err)
+	defer clientTransport.(io.Closer).Close()
+	conn, err := clientTransport.Dial(context.Background(), ln.Multiaddr(), serverID)
+	require.NoError(t, err)
+	defer conn.Close()
+	serverConn, err := ln.Accept()
+	require.NoError(t, err)
+	defer serverConn.Close()
+
+	str, err := conn.OpenStream(context.Background())
+	require.NoError(t, err)
+	err = str.ResetWithError(42)
+	require.NoError(t, err)
+
+	sstr, err := serverConn.AcceptStream()
+	require.NoError(t, err)
+	_, err = io.ReadAll(sstr)
+	require.Error(t, err)
+	se := &network.StreamError{}
+	if errors.As(err, &se) {
+		require.Equal(t, se.ErrorCode, network.StreamErrorCode(42))
+		require.True(t, se.Remote)
+	} else {
+		t.Fatalf("expected error to be of network.StreamError type, got %T, %v", err, err)
+	}
+
+}
+
 func TestHandshakeFailPeerIDMismatch(t *testing.T) {
 	for _, tc := range connTestCases {
 		t.Run(tc.Name, func(t *testing.T) {
diff --git a/p2p/transport/quic/listener.go b/p2p/transport/quic/listener.go
index f90bdf53f0..30868e49eb 100644
--- a/p2p/transport/quic/listener.go
+++ b/p2p/transport/quic/listener.go
@@ -11,7 +11,6 @@ import (
 	tpt "github.com/libp2p/go-libp2p/core/transport"
 	p2ptls "github.com/libp2p/go-libp2p/p2p/security/tls"
 	"github.com/libp2p/go-libp2p/p2p/transport/quicreuse"
-
 	ma "github.com/multiformats/go-multiaddr"
 	"github.com/quic-go/quic-go"
 )
@@ -54,12 +53,12 @@ func (l *listener) Accept() (tpt.CapableConn, error) {
 		c, err := l.wrapConn(qconn)
 		if err != nil {
 			log.Debugf("failed to setup connection: %s", err)
-			qconn.CloseWithError(1, "")
+			qconn.CloseWithError(quic.ApplicationErrorCode(network.ConnResourceLimitExceeded), "")
 			continue
 		}
 		l.transport.addConn(qconn, c)
 		if l.transport.gater != nil && !(l.transport.gater.InterceptAccept(c) && l.transport.gater.InterceptSecured(network.DirInbound, c.remotePeerID, c)) {
-			c.closeWithError(errorCodeConnectionGating, "connection gated")
+			c.closeWithError(quic.ApplicationErrorCode(network.ConnGated), "connection gated")
 			continue
 		}
 
diff --git a/p2p/transport/quic/listener_test.go b/p2p/transport/quic/listener_test.go
index dbd6d810e4..53d6001d35 100644
--- a/p2p/transport/quic/listener_test.go
+++ b/p2p/transport/quic/listener_test.go
@@ -159,10 +159,11 @@ func TestCleanupConnWhenBlocked(t *testing.T) {
 	s.SetReadDeadline(time.Now().Add(10 * time.Second))
 	b := [1]byte{}
 	_, err = s.Read(b[:])
-	if err != nil && errors.As(err, &quicErr) {
+	connError := &network.ConnError{}
+	if err != nil && errors.As(err, &connError) {
 		// We hit our expected application error
 		return
 	}
 
-	t.Fatalf("expected application error, got %v", err)
+	t.Fatalf("expected network.ConnError, got %v", err)
 }
diff --git a/p2p/transport/quic/stream.go b/p2p/transport/quic/stream.go
index ee21babe68..1de4770dce 100644
--- a/p2p/transport/quic/stream.go
+++ b/p2p/transport/quic/stream.go
@@ -2,6 +2,7 @@ package libp2pquic
 
 import (
 	"errors"
+	"math"
 
 	"github.com/libp2p/go-libp2p/core/network"
 
@@ -18,24 +19,49 @@ type stream struct {
 
 var _ network.MuxedStream = &stream{}
 
-func (s *stream) Read(b []byte) (n int, err error) {
-	var streamErr *quic.StreamError
+func parseStreamError(err error) error {
+	if err == nil {
+		return err
+	}
+	se := &quic.StreamError{}
+	if errors.As(err, &se) {
+		var code network.StreamErrorCode
+		if se.ErrorCode > math.MaxUint32 {
+			code = network.StreamCodeOutOfRange
+		} else {
+			code = network.StreamErrorCode(se.ErrorCode)
+		}
+		err = &network.StreamError{
+			ErrorCode:      code,
+			Remote:         se.Remote,
+			TransportError: se,
+		}
+	}
+	ae := &quic.ApplicationError{}
+	if errors.As(err, &ae) {
+		var code network.ConnErrorCode
+		if ae.ErrorCode > math.MaxUint32 {
+			code = network.ConnCodeOutOfRange
+		} else {
+			code = network.ConnErrorCode(ae.ErrorCode)
+		}
+		err = &network.ConnError{
+			ErrorCode:      code,
+			Remote:         ae.Remote,
+			TransportError: ae,
+		}
+	}
+	return err
+}
 
+func (s *stream) Read(b []byte) (n int, err error) {
 	n, err = s.Stream.Read(b)
-	if err != nil && errors.As(err, &streamErr) {
-		err = network.ErrReset
-	}
-	return n, err
+	return n, parseStreamError(err)
 }
 
 func (s *stream) Write(b []byte) (n int, err error) {
-	var streamErr *quic.StreamError
-
 	n, err = s.Stream.Write(b)
-	if err != nil && errors.As(err, &streamErr) {
-		err = network.ErrReset
-	}
-	return n, err
+	return n, parseStreamError(err)
 }
 
 func (s *stream) Reset() error {
@@ -44,6 +70,12 @@ func (s *stream) Reset() error {
 	return nil
 }
 
+func (s *stream) ResetWithError(errCode network.StreamErrorCode) error {
+	s.Stream.CancelRead(quic.StreamErrorCode(errCode))
+	s.Stream.CancelWrite(quic.StreamErrorCode(errCode))
+	return nil
+}
+
 func (s *stream) Close() error {
 	s.Stream.CancelRead(reset)
 	return s.Stream.Close()
diff --git a/p2p/transport/quic/transport.go b/p2p/transport/quic/transport.go
index 4d3d9e551d..62d31a8d2a 100644
--- a/p2p/transport/quic/transport.go
+++ b/p2p/transport/quic/transport.go
@@ -34,8 +34,6 @@ var ErrHolePunching = errors.New("hole punching attempted; no active dial")
 
 var HolePunchTimeout = 5 * time.Second
 
-const errorCodeConnectionGating = 0x47415445 // GATE in ASCII
-
 // The Transport implements the tpt.Transport interface for QUIC connections.
 type transport struct {
 	privKey     ic.PrivKey
@@ -169,7 +167,7 @@ func (t *transport) dialWithScope(ctx context.Context, raddr ma.Multiaddr, p pee
 		remoteMultiaddr: raddr,
 	}
 	if t.gater != nil && !t.gater.InterceptSecured(network.DirOutbound, p, c) {
-		pconn.CloseWithError(errorCodeConnectionGating, "connection gated")
+		pconn.CloseWithError(quic.ApplicationErrorCode(network.ConnGated), "connection gated")
 		return nil, fmt.Errorf("secured connection gated")
 	}
 	t.addConn(pconn, c)
diff --git a/p2p/transport/quic/virtuallistener.go b/p2p/transport/quic/virtuallistener.go
index 7927225567..5b23e4c507 100644
--- a/p2p/transport/quic/virtuallistener.go
+++ b/p2p/transport/quic/virtuallistener.go
@@ -3,6 +3,7 @@ package libp2pquic
 import (
 	"sync"
 
+	"github.com/libp2p/go-libp2p/core/network"
 	tpt "github.com/libp2p/go-libp2p/core/transport"
 	"github.com/libp2p/go-libp2p/p2p/transport/quicreuse"
 
@@ -142,8 +143,8 @@ func (r *acceptLoopRunner) innerAccept(l *listener, expectedVersion quic.Version
 	select {
 	case ch <- acceptVal{conn: conn}:
 	default:
+		conn.CloseWithError(network.ConnRateLimited)
 		// accept queue filled up, drop the connection
-		conn.Close()
 		log.Warn("Accept queue filled. Dropping connection.")
 	}
 
diff --git a/p2p/transport/quicreuse/listener.go b/p2p/transport/quicreuse/listener.go
index 42f1d00cef..44028197d8 100644
--- a/p2p/transport/quicreuse/listener.go
+++ b/p2p/transport/quicreuse/listener.go
@@ -10,6 +10,7 @@ import (
 	"strings"
 	"sync"
 
+	"github.com/libp2p/go-libp2p/core/network"
 	"github.com/libp2p/go-libp2p/core/transport"
 	ma "github.com/multiformats/go-multiaddr"
 	"github.com/quic-go/quic-go"
@@ -212,7 +213,7 @@ func (l *listener) Close() error {
 		close(l.queue)
 		// drain the queue
 		for conn := range l.queue {
-			conn.CloseWithError(1, "closing")
+			conn.CloseWithError(quic.ApplicationErrorCode(network.ConnShutdown), "closing")
 		}
 	})
 	return nil
diff --git a/p2p/transport/webrtc/connection.go b/p2p/transport/webrtc/connection.go
index b614b2c45d..77b293fadb 100644
--- a/p2p/transport/webrtc/connection.go
+++ b/p2p/transport/webrtc/connection.go
@@ -132,6 +132,12 @@ func (c *connection) Close() error {
 	return nil
 }
 
+// CloseWithError closes the connection ignoring the error code. As there's no way to signal
+// the remote peer on closing the underlying peerconnection, we ignore the error code.
+func (c *connection) CloseWithError(_ network.ConnErrorCode) error {
+	return c.Close()
+}
+
 // closeWithError is used to Close the connection when the underlying DTLS connection fails
 func (c *connection) closeWithError(err error) {
 	c.closeOnce.Do(func() {
diff --git a/p2p/transport/webrtc/pb/message.pb.go b/p2p/transport/webrtc/pb/message.pb.go
index 8a3e788651..6fc068b560 100644
--- a/p2p/transport/webrtc/pb/message.pb.go
+++ b/p2p/transport/webrtc/pb/message.pb.go
@@ -95,6 +95,7 @@ type Message struct {
 	state         protoimpl.MessageState `protogen:"open.v1"`
 	Flag          *Message_Flag          `protobuf:"varint,1,opt,name=flag,enum=Message_Flag" json:"flag,omitempty"`
 	Message       []byte                 `protobuf:"bytes,2,opt,name=message" json:"message,omitempty"`
+	ErrorCode     *uint32                `protobuf:"varint,3,opt,name=errorCode" json:"errorCode,omitempty"`
 	unknownFields protoimpl.UnknownFields
 	sizeCache     protoimpl.SizeCache
 }
@@ -143,24 +144,32 @@ func (x *Message) GetMessage() []byte {
 	return nil
 }
 
+func (x *Message) GetErrorCode() uint32 {
+	if x != nil && x.ErrorCode != nil {
+		return *x.ErrorCode
+	}
+	return 0
+}
+
 var File_p2p_transport_webrtc_pb_message_proto protoreflect.FileDescriptor
 
 var file_p2p_transport_webrtc_pb_message_proto_rawDesc = string([]byte{
 	0x0a, 0x25, 0x70, 0x32, 0x70, 0x2f, 0x74, 0x72, 0x61, 0x6e, 0x73, 0x70, 0x6f, 0x72, 0x74, 0x2f,
 	0x77, 0x65, 0x62, 0x72, 0x74, 0x63, 0x2f, 0x70, 0x62, 0x2f, 0x6d, 0x65, 0x73, 0x73, 0x61, 0x67,
-	0x65, 0x2e, 0x70, 0x72, 0x6f, 0x74, 0x6f, 0x22, 0x81, 0x01, 0x0a, 0x07, 0x4d, 0x65, 0x73, 0x73,
+	0x65, 0x2e, 0x70, 0x72, 0x6f, 0x74, 0x6f, 0x22, 0x9f, 0x01, 0x0a, 0x07, 0x4d, 0x65, 0x73, 0x73,
 	0x61, 0x67, 0x65, 0x12, 0x21, 0x0a, 0x04, 0x66, 0x6c, 0x61, 0x67, 0x18, 0x01, 0x20, 0x01, 0x28,
 	0x0e, 0x32, 0x0d, 0x2e, 0x4d, 0x65, 0x73, 0x73, 0x61, 0x67, 0x65, 0x2e, 0x46, 0x6c, 0x61, 0x67,
 	0x52, 0x04, 0x66, 0x6c, 0x61, 0x67, 0x12, 0x18, 0x0a, 0x07, 0x6d, 0x65, 0x73, 0x73, 0x61, 0x67,
 	0x65, 0x18, 0x02, 0x20, 0x01, 0x28, 0x0c, 0x52, 0x07, 0x6d, 0x65, 0x73, 0x73, 0x61, 0x67, 0x65,
-	0x22, 0x39, 0x0a, 0x04, 0x46, 0x6c, 0x61, 0x67, 0x12, 0x07, 0x0a, 0x03, 0x46, 0x49, 0x4e, 0x10,
-	0x00, 0x12, 0x10, 0x0a, 0x0c, 0x53, 0x54, 0x4f, 0x50, 0x5f, 0x53, 0x45, 0x4e, 0x44, 0x49, 0x4e,
-	0x47, 0x10, 0x01, 0x12, 0x09, 0x0a, 0x05, 0x52, 0x45, 0x53, 0x45, 0x54, 0x10, 0x02, 0x12, 0x0b,
-	0x0a, 0x07, 0x46, 0x49, 0x4e, 0x5f, 0x41, 0x43, 0x4b, 0x10, 0x03, 0x42, 0x35, 0x5a, 0x33, 0x67,
-	0x69, 0x74, 0x68, 0x75, 0x62, 0x2e, 0x63, 0x6f, 0x6d, 0x2f, 0x6c, 0x69, 0x62, 0x70, 0x32, 0x70,
-	0x2f, 0x67, 0x6f, 0x2d, 0x6c, 0x69, 0x62, 0x70, 0x32, 0x70, 0x2f, 0x70, 0x32, 0x70, 0x2f, 0x74,
-	0x72, 0x61, 0x6e, 0x73, 0x70, 0x6f, 0x72, 0x74, 0x2f, 0x77, 0x65, 0x62, 0x72, 0x74, 0x63, 0x2f,
-	0x70, 0x62,
+	0x12, 0x1c, 0x0a, 0x09, 0x65, 0x72, 0x72, 0x6f, 0x72, 0x43, 0x6f, 0x64, 0x65, 0x18, 0x03, 0x20,
+	0x01, 0x28, 0x0d, 0x52, 0x09, 0x65, 0x72, 0x72, 0x6f, 0x72, 0x43, 0x6f, 0x64, 0x65, 0x22, 0x39,
+	0x0a, 0x04, 0x46, 0x6c, 0x61, 0x67, 0x12, 0x07, 0x0a, 0x03, 0x46, 0x49, 0x4e, 0x10, 0x00, 0x12,
+	0x10, 0x0a, 0x0c, 0x53, 0x54, 0x4f, 0x50, 0x5f, 0x53, 0x45, 0x4e, 0x44, 0x49, 0x4e, 0x47, 0x10,
+	0x01, 0x12, 0x09, 0x0a, 0x05, 0x52, 0x45, 0x53, 0x45, 0x54, 0x10, 0x02, 0x12, 0x0b, 0x0a, 0x07,
+	0x46, 0x49, 0x4e, 0x5f, 0x41, 0x43, 0x4b, 0x10, 0x03, 0x42, 0x35, 0x5a, 0x33, 0x67, 0x69, 0x74,
+	0x68, 0x75, 0x62, 0x2e, 0x63, 0x6f, 0x6d, 0x2f, 0x6c, 0x69, 0x62, 0x70, 0x32, 0x70, 0x2f, 0x67,
+	0x6f, 0x2d, 0x6c, 0x69, 0x62, 0x70, 0x32, 0x70, 0x2f, 0x70, 0x32, 0x70, 0x2f, 0x74, 0x72, 0x61,
+	0x6e, 0x73, 0x70, 0x6f, 0x72, 0x74, 0x2f, 0x77, 0x65, 0x62, 0x72, 0x74, 0x63, 0x2f, 0x70, 0x62,
 })
 
 var (
diff --git a/p2p/transport/webrtc/pb/message.proto b/p2p/transport/webrtc/pb/message.proto
index aab885b0da..2401f7c4d2 100644
--- a/p2p/transport/webrtc/pb/message.proto
+++ b/p2p/transport/webrtc/pb/message.proto
@@ -21,4 +21,6 @@ message Message {
   optional Flag flag=1;
 
   optional bytes message = 2;
+
+  optional uint32 errorCode = 3;
 }
diff --git a/p2p/transport/webrtc/stream.go b/p2p/transport/webrtc/stream.go
index bce2f3f2e3..39873c9d66 100644
--- a/p2p/transport/webrtc/stream.go
+++ b/p2p/transport/webrtc/stream.go
@@ -69,8 +69,9 @@ type stream struct {
 
 	// readerMx ensures that only a single goroutine reads from the reader. Read is not threadsafe
 	// But we may need to read from reader for control messages from a different goroutine.
-	readerMx sync.Mutex
-	reader   pbio.Reader
+	readerMx  sync.Mutex
+	reader    pbio.Reader
+	readError error
 
 	// this buffer is limited up to a single message. Reason we need it
 	// is because a reader might read a message midway, and so we need a
@@ -82,6 +83,7 @@ type stream struct {
 	writeStateChanged chan struct{}
 	sendState         sendState
 	writeDeadline     time.Time
+	writeError        error
 
 	controlMessageReaderOnce sync.Once
 	// controlMessageReaderEndTime is the end time for reading FIN_ACK from the control
@@ -146,6 +148,10 @@ func (s *stream) Close() error {
 }
 
 func (s *stream) Reset() error {
+	return s.ResetWithError(0)
+}
+
+func (s *stream) ResetWithError(errCode network.StreamErrorCode) error {
 	s.mx.Lock()
 	isClosed := s.closeForShutdownErr != nil
 	s.mx.Unlock()
@@ -154,8 +160,8 @@ func (s *stream) Reset() error {
 	}
 
 	defer s.cleanup()
-	cancelWriteErr := s.cancelWrite()
-	closeReadErr := s.CloseRead()
+	cancelWriteErr := s.cancelWrite(errCode)
+	closeReadErr := s.closeRead(errCode, false)
 	s.setDataChannelReadDeadline(time.Now().Add(-1 * time.Hour))
 	return errors.Join(closeReadErr, cancelWriteErr)
 }
@@ -175,19 +181,20 @@ func (s *stream) SetDeadline(t time.Time) error {
 	return s.SetWriteDeadline(t)
 }
 
-// processIncomingFlag process the flag on an incoming message
+// processIncomingFlag processes the flag(FIN/RST/etc) on msg.
 // It needs to be called while the mutex is locked.
-func (s *stream) processIncomingFlag(flag *pb.Message_Flag) {
-	if flag == nil {
+func (s *stream) processIncomingFlag(msg *pb.Message) {
+	if msg.Flag == nil {
 		return
 	}
 
-	switch *flag {
+	switch msg.GetFlag() {
 	case pb.Message_STOP_SENDING:
 		// We must process STOP_SENDING after sending a FIN(sendStateDataSent). Remote peer
 		// may not send a FIN_ACK once it has sent a STOP_SENDING
 		if s.sendState == sendStateSending || s.sendState == sendStateDataSent {
 			s.sendState = sendStateReset
+			s.writeError = &network.StreamError{Remote: true, ErrorCode: network.StreamErrorCode(msg.GetErrorCode())}
 		}
 		s.notifyWriteStateChanged()
 	case pb.Message_FIN_ACK:
@@ -206,6 +213,11 @@ func (s *stream) processIncomingFlag(flag *pb.Message_Flag) {
 	case pb.Message_RESET:
 		if s.receiveState == receiveStateReceiving {
 			s.receiveState = receiveStateReset
+			s.readError = &network.StreamError{Remote: true, ErrorCode: network.StreamErrorCode(msg.GetErrorCode())}
+		}
+		if s.sendState == sendStateSending || s.sendState == sendStateDataSent {
+			s.sendState = sendStateReset
+			s.writeError = &network.StreamError{Remote: true, ErrorCode: network.StreamErrorCode(msg.GetErrorCode())}
 		}
 		s.spawnControlMessageReader()
 	}
@@ -235,7 +247,7 @@ func (s *stream) spawnControlMessageReader() {
 			s.readerMx.Unlock()
 
 			if s.nextMessage != nil {
-				s.processIncomingFlag(s.nextMessage.Flag)
+				s.processIncomingFlag(s.nextMessage)
 				s.nextMessage = nil
 			}
 			var msg pb.Message
@@ -266,7 +278,7 @@ func (s *stream) spawnControlMessageReader() {
 					}
 					return
 				}
-				s.processIncomingFlag(msg.Flag)
+				s.processIncomingFlag(&msg)
 			}
 		}()
 	})
diff --git a/p2p/transport/webrtc/stream_read.go b/p2p/transport/webrtc/stream_read.go
index 80d99ea91c..003d5f563e 100644
--- a/p2p/transport/webrtc/stream_read.go
+++ b/p2p/transport/webrtc/stream_read.go
@@ -22,7 +22,7 @@ func (s *stream) Read(b []byte) (int, error) {
 	case receiveStateDataRead:
 		return 0, io.EOF
 	case receiveStateReset:
-		return 0, network.ErrReset
+		return 0, s.readError
 	}
 
 	if len(b) == 0 {
@@ -52,10 +52,11 @@ func (s *stream) Read(b []byte) (int, error) {
 					// datachannel. For these implementations a stream reset will be observed as an
 					// abrupt closing of the datachannel.
 					s.receiveState = receiveStateReset
-					return 0, network.ErrReset
+					s.readError = &network.StreamError{Remote: true}
+					return 0, s.readError
 				}
 				if s.receiveState == receiveStateReset {
-					return 0, network.ErrReset
+					return 0, s.readError
 				}
 				if s.receiveState == receiveStateDataRead {
 					return 0, io.EOF
@@ -73,7 +74,7 @@ func (s *stream) Read(b []byte) (int, error) {
 		}
 
 		// process flags on the message after reading all the data
-		s.processIncomingFlag(s.nextMessage.Flag)
+		s.processIncomingFlag(s.nextMessage)
 		s.nextMessage = nil
 		if s.closeForShutdownErr != nil {
 			return read, s.closeForShutdownErr
@@ -82,7 +83,7 @@ func (s *stream) Read(b []byte) (int, error) {
 		case receiveStateDataRead:
 			return read, io.EOF
 		case receiveStateReset:
-			return read, network.ErrReset
+			return read, s.readError
 		}
 	}
 }
@@ -101,12 +102,18 @@ func (s *stream) setDataChannelReadDeadline(t time.Time) error {
 }
 
 func (s *stream) CloseRead() error {
+	return s.closeRead(0, false)
+}
+
+func (s *stream) closeRead(errCode network.StreamErrorCode, remote bool) error {
 	s.mx.Lock()
 	defer s.mx.Unlock()
 	var err error
 	if s.receiveState == receiveStateReceiving && s.closeForShutdownErr == nil {
-		err = s.writer.WriteMsg(&pb.Message{Flag: pb.Message_STOP_SENDING.Enum()})
+		code := uint32(errCode)
+		err = s.writer.WriteMsg(&pb.Message{Flag: pb.Message_STOP_SENDING.Enum(), ErrorCode: &code})
 		s.receiveState = receiveStateReset
+		s.readError = &network.StreamError{Remote: remote, ErrorCode: errCode}
 	}
 	s.spawnControlMessageReader()
 	return err
diff --git a/p2p/transport/webrtc/stream_write.go b/p2p/transport/webrtc/stream_write.go
index 534a8d8e60..01fddac331 100644
--- a/p2p/transport/webrtc/stream_write.go
+++ b/p2p/transport/webrtc/stream_write.go
@@ -24,7 +24,7 @@ func (s *stream) Write(b []byte) (int, error) {
 	}
 	switch s.sendState {
 	case sendStateReset:
-		return 0, network.ErrReset
+		return 0, s.writeError
 	case sendStateDataSent, sendStateDataReceived:
 		return 0, errWriteAfterClose
 	}
@@ -48,7 +48,7 @@ func (s *stream) Write(b []byte) (int, error) {
 		}
 		switch s.sendState {
 		case sendStateReset:
-			return n, network.ErrReset
+			return n, s.writeError
 		case sendStateDataSent, sendStateDataReceived:
 			return n, errWriteAfterClose
 		}
@@ -119,7 +119,7 @@ func (s *stream) availableSendSpace() int {
 	return availableSpace
 }
 
-func (s *stream) cancelWrite() error {
+func (s *stream) cancelWrite(errCode network.StreamErrorCode) error {
 	s.mx.Lock()
 	defer s.mx.Unlock()
 
@@ -129,10 +129,12 @@ func (s *stream) cancelWrite() error {
 		return nil
 	}
 	s.sendState = sendStateReset
+	s.writeError = &network.StreamError{Remote: false, ErrorCode: errCode}
 	// Remove reference to this stream from data channel
 	s.dataChannel.OnBufferedAmountLow(nil)
 	s.notifyWriteStateChanged()
-	return s.writer.WriteMsg(&pb.Message{Flag: pb.Message_RESET.Enum()})
+	code := uint32(errCode)
+	return s.writer.WriteMsg(&pb.Message{Flag: pb.Message_RESET.Enum(), ErrorCode: &code})
 }
 
 func (s *stream) CloseWrite() error {
diff --git a/p2p/transport/webtransport/conn.go b/p2p/transport/webtransport/conn.go
index d914398e0e..f76ad10438 100644
--- a/p2p/transport/webtransport/conn.go
+++ b/p2p/transport/webtransport/conn.go
@@ -78,6 +78,10 @@ func (c *conn) Close() error {
 	return err
 }
 
+func (c *conn) CloseWithError(_ network.ConnErrorCode) error {
+	return c.Close()
+}
+
 func (c *conn) IsClosed() bool           { return c.session.Context().Err() != nil }
 func (c *conn) Scope() network.ConnScope { return c.scope }
 func (c *conn) Transport() tpt.Transport { return c.transport }
diff --git a/p2p/transport/webtransport/stream.go b/p2p/transport/webtransport/stream.go
index 0849fc9f38..83ee52a5d1 100644
--- a/p2p/transport/webtransport/stream.go
+++ b/p2p/transport/webtransport/stream.go
@@ -56,6 +56,17 @@ func (s *stream) Reset() error {
 	return nil
 }
 
+// ResetWithError resets the stream ignoring the error code. Error codes aren't
+// specified for WebTransport as the current implementation of WebTransport in
+// browsers(https://www.ietf.org/archive/id/draft-kinnear-webtransport-http2-02.html)
+// only supports 1 byte error codes. For more details, see
+// https://github.com/libp2p/specs/blob/4eca305185c7aef219e936bef76c48b1ab0a8b43/error-codes/README.md?plain=1#L84
+func (s *stream) ResetWithError(_ network.StreamErrorCode) error {
+	s.Stream.CancelRead(reset)
+	s.Stream.CancelWrite(reset)
+	return nil
+}
+
 func (s *stream) Close() error {
 	s.Stream.CancelRead(reset)
 	return s.Stream.Close()
diff --git a/test-plans/go.mod b/test-plans/go.mod
index f7fe7cfada..a94915f5f0 100644
--- a/test-plans/go.mod
+++ b/test-plans/go.mod
@@ -43,7 +43,7 @@ require (
 	github.com/libp2p/go-nat v0.2.0 // indirect
 	github.com/libp2p/go-netroute v0.2.2 // indirect
 	github.com/libp2p/go-reuseport v0.4.0 // indirect
-	github.com/libp2p/go-yamux/v4 v4.0.2 // indirect
+	github.com/libp2p/go-yamux/v5 v5.0.0 // indirect
 	github.com/marten-seemann/tcp v0.0.0-20210406111302-dfbc87cc63fd // indirect
 	github.com/mattn/go-isatty v0.0.20 // indirect
 	github.com/miekg/dns v1.1.63 // indirect
diff --git a/test-plans/go.sum b/test-plans/go.sum
index 84205c0ae0..696e98aea6 100644
--- a/test-plans/go.sum
+++ b/test-plans/go.sum
@@ -149,8 +149,8 @@ github.com/libp2p/go-netroute v0.2.2 h1:Dejd8cQ47Qx2kRABg6lPwknU7+nBnFRpko45/fFP
 github.com/libp2p/go-netroute v0.2.2/go.mod h1:Rntq6jUAH0l9Gg17w5bFGhcC9a+vk4KNXs6s7IljKYE=
 github.com/libp2p/go-reuseport v0.4.0 h1:nR5KU7hD0WxXCJbmw7r2rhRYruNRl2koHw8fQscQm2s=
 github.com/libp2p/go-reuseport v0.4.0/go.mod h1:ZtI03j/wO5hZVDFo2jKywN6bYKWLOy8Se6DrI2E1cLU=
-github.com/libp2p/go-yamux/v4 v4.0.2 h1:nrLh89LN/LEiqcFiqdKDRHjGstN300C1269K/EX0CPU=
-github.com/libp2p/go-yamux/v4 v4.0.2/go.mod h1:C808cCRgOs1iBwY4S71T5oxgMxgLmqUw56qh4AeBW2o=
+github.com/libp2p/go-yamux/v5 v5.0.0 h1:2djUh96d3Jiac/JpGkKs4TO49YhsfLopAoryfPmf+Po=
+github.com/libp2p/go-yamux/v5 v5.0.0/go.mod h1:en+3cdX51U0ZslwRdRLrvQsdayFt3TSUKvBGErzpWbU=
 github.com/lunixbochs/vtclean v1.0.0/go.mod h1:pHhQNgMf3btfWnGBVipUOjRYhoOsdGqdm/+2c2E2WMI=
 github.com/mailru/easyjson v0.0.0-20190312143242-1de009706dbe/go.mod h1:C1wdFJiN94OJF2b5HbByQZoLdCWB1Yqtg26g4irojpc=
 github.com/marten-seemann/tcp v0.0.0-20210406111302-dfbc87cc63fd h1:br0buuQ854V8u83wA0rVZ8ttrq5CpaPZdvrK0LP2lOk=