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Taxation of cryptocurrency transactions

Posted By: Marina Skachkova on April 27, 2018 at 4:27:46 in All , Articles

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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 that also has revenue implications.

Vern Krishna explains an importance to maintain transaction records in respect of taxpayers’ investments in cryptocurrencies in his featured article for The Lawyer’s Daily.

Below is an excerpt of the article:

Capture Article

 

Financial Post

TaxChambers LLP articles now featured on the Financial Post.

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