As part of the 2018 tax season, our law and tax firm provides expertise for investors and traders in crypto currencies, as part of the preparation of their tax return for Revenue Canada and Revenu Québec.
Although the canadian tax legislation is relatively silent on the issue of cryptocurrency, the fact remains that income, profits (or losses) must be recorded in your annual taxes.
As such, there are several elements that must be taken into consideration to determine whether there is business income or capital gain. In addition, in certain cases, eligible expenses may be claimed.
Louis Sirois www.bitcoin-law.ca
Topic: Canada 2018 tax return for crypto incomes (Read 109 times)
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