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Cryptocurrency Tax Blog

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Can You Claim Income Tax Deductions for Crypto Losses, Crypto Scams? It Depends, Says CRA

Introduction: Income-Tax Deductions for Losses from Cryptocurrency Fraud and Crypto-Exchange Bankruptcy Canadian cryptocurrency investors and […]
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Published: March 4, 2024
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CRA’s update on taxation of cryptocurrency, NFTs and Form T1135: Guidance from a Canadian tax lawyer

Introduction: Who needs to file form T1135 Under S.233.3 of the Income Tax Act, Canadian […]
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Published: February 9, 2024
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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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