The bitcoin craze that has taken over the world doesn’t show any signs of stopping soon, even with crashing markets. This once fringe online cryptocurrency has entered the mainstream- and unfortunately, that means it’s going to be taxed.   With tax seasons just around the corner, the Canadian Revenue Agency (CRA) has answered the questions accountants have been asked most since...

For those wondering, the Candian Revenue Agency has made it clear that yes, Bitcoins and Cryptocurrencies need to be disclosed on taxes this year. Cryptocurrency is taxed like any other investment you make in Canada. 50% of any gains are taxable and are added to your yearly income. For example, if you bought bitcoin for $2,000 and then sold it for...

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