May 03, 2023

Policy Forum: The Income Taxation of Crypto Contracts, Canadian Tax Journal

Colin Romano authored Policy Forum: The Income Taxation of Crypto Contracts in the 2023 Canadian Tax Journal.

Excerpt from Policy Forum: The Income Taxation of Crypto Contracts:

Current Canada Revenue Agency (CRA) guidance suggests that cryptoassets (such as bitcoin) should generally be taxed as commodities for the purposes of the Income Tax Act. However, recent changes in the regulation of entities that facilitate the purchase and sale of cryptoassets (crypto trading platforms) under securities law have introduced new ways of understanding transactions involving cryptoassets.

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Policy Forum: The Income Taxation of Crypto Contracts, Canadian Tax Journal

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