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Cryptocurrency Tax Blog

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Income from Illegal Activities Still Taxable: CRA Targeting Cryptocurrency Transactions Likely Used for Money Laundering, Theft, Fraud, Drugs, Guns, Human Trafficking, Terrorism

Criminals continue to increase the use of cryptocurrency According to the Financial Transactions and Reports […]
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Published: January 16, 2024
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Guidance from a Canadian tax lawyer: Tax uncertainties regarding the transfer of cryptocurrency as part of lending transactions

In today's dynamic digital landscape, where digital assets are integral to corporate, commercial, and financial […]
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Published: January 2, 2024
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Canadian Tax Implications in the Metaverse:  Companies Grapple with Prospect of Taxes on the Virtual World

The advent of innovations within the metaverse is generating widespread excitement across various aspects of […]
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Published: November 20, 2023
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Record Keeping of Crypto-Asset Exchanges for Canadian Tax Purposes: Responsibilities of Traders & Investors

Introduction: What are Crypto assets? Crypto assets are digital assets that exist on a cryptographically […]
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Published: November 15, 2023
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The Reach of the Canada Revenue Agency (CRA) Expands in Identifying, Auditing, and Prosecuting Cryptocurrency Investors and Traders: Crypto Users Beware

Cryptocurrency a Target of the International Tax Coalition: An Overview During the summer of 2018, […]
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Published: November 8, 2023
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How Canadian taxpayers should handle gain or loss from disposition of NFTs: Unfortunately, most NFTs are worthless; A high percentage of NFTs have almost zero capital value

According to a recent report from dappGambl, based on data provided by Non-Fungible Tokens (NFTs) […]
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Published: November 3, 2023

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