295 Robinson St Suite 100, Oakville, Ontario L6J 1G7
As crypto currencies become increasingly accepted by the mass market, government bodies will (and have already started) implementing auditing procedures to control this new asset class and to make sure that investors are fulfilling their tax obligations.
Crypto currency is currently treated as a commodity and not a currency by the CRA. This adds a level of complexity to the tax preparation of crypto currency. The fact is your crypto currency investment may be subject to gains and losses in the eyes of the CRA. We help you understand your options and make the most optimal investment decisions.