Cryptocurrency
If we could all agree on one thing, this is it: the world of decentralized finance, mostly known as DeFi, and all the vocabulary associated with it can be confusing. Whether you love it or hate it, it doesn’t stop everyone from talking about cryptocurrency exchanges, Web3, non-fungible tokens (NFTs), crypto wallets, and all other […]
Are cryptocurrencies taxed in Canada? What if you buy them on a Canadian crypto exchange? What if you keep them in a wallet? Does the Canada Revenue Agency (CRA) consider cryptocurrencies as legal tender? Why are Canadians asking so many questions about cryptocurrencies and taxes? It’s because crypto traders have to pay taxes on their […]
Canadians who have started to invest in cryptocurrency for the first time may be in for a shock when tax time rolls around. Many believe that they can invest in crypto without having to pay taxes, but that isn’t the case in Canada. Canadians are expected to pay taxes when it comes to their crypto […]
