In a groundbreaking move, Syria is exploring the legalization of Bitcoin as part of its strategy to rebuild its war-torn economy. Following the collapse of the Assad regime, the transitional government, with guidance from the Syrian Center for Economic Research, has proposed adopting Bitcoin and other digital assets to combat inflation, stabilize the economy, and…
The CRA, Cryptocurrency, and Voluntary Disclosure On September 18, 2020, the CRA applied to Federal Court in an attempt to obtain client’s confidential tax information from Coinsquare Ltd., a Toronto-based cryptocurrency trading platform. Included in the application was a request to view trading and holding information. This filing is one of a series of significant…
Canadian Tax Implications of Bitcoin and Crypto Assets Question Hi, I normally do my own taxes from a standard job that gives me T4 slips but in 2019 I started investing in cryptocurrencies and I’m not exactly sure how to declare what I’ve done to the CRA. (As of January 1, 2020 I think I…
If Bitcoin is a Scam, so is Canadian Real Estate With the significant price appreciation of Bitcoin and other related cryptocurrencies at the end of 2017, we saw the media and general public question the validity, valuation and future of these assets. Being involved in cryptocurrencies myself and advising on the tax implications for clients…