CRA’s Initial Cryptocurrency Audits are Likely First of Many
The Canada Revenue Agency (the “CRA”) appears to be targeting users of bitcoin and other cryptocurrencies for audit, according to a Forbes online article… Read more
Tag: Cryptocurrency
Taxation of cryptocurrency transactions
With all the excitement concerning the price of cryptocurrencies, individuals and businesses have glossed over the fact that every cryptocurrency transaction is a taxable… Read more
Bitcoin Taxation Basics
Bitcoin, writes Vern Krishna, is “a multi-faceted, highly technical and difficult to trace asset that may quite possibly be a pyramid scheme.” Vern Krishna … Read more
Cryptocurrency Taxation: How to file cryptocurrency use?
Cryptocurrency taxation is front of mind for many Canadian investors. Vern Krishna of TaxChambers LLP explains how to file cryptocurrency use in his featured article for the Financial Post. The recent… Read more
Income Tax Implications on Sale of Cryptocurrency
One of the trends that emerged in 2017 was the increased interest, curiosity, and popularity of cryptocurrencies such as Bitcoin. With so many Canadians… Read more
