Publications

CRA’s Initial Cryptocurrency Audits are Likely First of Many

The Canada Revenue Agency (the “CRA”) appears to be targeting users of bitcoin and other cryptocurrencies for audit, according to a Forbes online article (the…

Taxation of cryptocurrency transactions

With all the excitement concerning the price of cryptocurrencies, individuals and businesses have glossed over the fact that every cryptocurrency transaction is a taxable event…

Bitcoin Taxation Basics

Bitcoin, writes Vern Krishna, is “a multi-faceted, highly technical and difficult to trace asset that may quite possibly be a pyramid scheme.” Vern Krishna  of…

Cryptocurrency Taxation: How to file cryptocurrency use?

Cryptocurrency taxation is front of mind for many Canadian investors. Vern Krishna of TaxChambers LLP explains how to file cryptocurrency use in his featured article for the Financial Post. The recent volatility…

Income Tax Implications on Sale of Cryptocurrency

One of the trends that emerged in 2017 was the increased interest, curiosity, and popularity of cryptocurrencies such as Bitcoin.  With so many Canadians buying…