In this post, we'll explore the tax implications of earning a salary in Bitcoin in Canada, the reporting requirements, & some helpful tips!

In Canada it is extremely important to keep track of all cryptocurrency trades to remain onside with the Canada Revenue Agency (CRA). The CRA views cryptocurrency as a commodity for tax purposes, therefore, cryptocurrency trading may result in tax implications to be reported on the tax return. The CRA assigns the responsibility of tracking and reporting this income solely to the taxpayer. Contrary to common belief, all cryptocurrency trades are taxable for Canadians. Many in

If you have purchased and sold investments such as cryptocurrency, stocks, mutual funds, or other capital property, you may be subject to adverse tax consequences through the superficial loss rule. Although many taxpayers are not familiar with the superficial loss rule, the CRA still assigns the responsibility of correctly tracking and reporting the implications of this rule solely to the taxpayer. The superficial loss rule denies a capital loss when you sell and repurchase t

The ultimate guide to cryptocurrency taxation in Canada. Stay ahead of the CRA to ensure you are reporting your crypto activities correctly.

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