Although it does not officially recognize bitcoin and other cryptocurrencies as a currency or legal tender, the Canada Revenue Agency (CRA) has announced that Canadian taxpayers will now be required to pay taxes on bitcoin and cryptocurrency earnings.  They highlighted that Cryptocurrency itself is to be treated as a commodity. And by extension, the Canada …
The Canada Revenue Agency (CRA) is the body in charge of overseeing the tax laws and the receipt of tax revenue for Canada. It also manages the registration of charities as well as the regulation of tax credit programs. The Agency was established in November 1999 through the enactment of the Canada Revenue Agency Act …
What you need to know about the Canada Revenue Agency Read More »
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