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The Canada Revenue Agency published two tax tips: 'Reporting your cryptoasset income as an individual carrying on a business' and 'Reporting your capital gains as a cryptoasset user'.
The Canadian Securities Administrators (CSA) provided a further update for cryptoasset trading platforms (CTPs) that are registered, or that provided a pre-registration undertaking (PRU), about the application of terms and conditions in the CTPs’ registration and exemptive relief decisions or PRUs related to value-referenced cryptoassets (VRCAs).
The Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO) reminded crypto trading platforms to ensure their operations comply with Canadian securities laws by prioritizing their applications for registration as investment dealers and membership with CIRO.
Bank of Canada published Staff Working Paper 'Central Bank Digital Currency and Transmission of Monetary Policy'.
The Canadian Securities Administrators (CSA) published its annual Year in Review, which covers the CSA’s progress made between July 1, 2023, and June 30, 2024, toward the strategic goals outlined in the 2022-2025 Business Plan.
The Canadian Anti-Fraud Centre (CAFC) and the Canadian Investment Regulatory Organization (CIRO) are raising awareness among Canadians about the increasing threat of sophisticated scams, particularly those involving extended online communication. These scams often culminate in convincing individuals to invest in various schemes, frequently involving cryptocurrencies.
The Canada Revenue Agency published tax tips on reporting capital gains as a cryptoasset user.
The Canada Revenue Agency published tax tips on reporting cryptoasset income as an individual carrying on a business.
John Salmon
London
Partner
Sharon Lewis
Paris
Andrew McGinty
Hong Kong
Elizabeth Boisin
Washington, D.C.
Leopold von Gerlach
Hamburg
Luke Grubb
Consultant
Lavan Thasarathakumar
Senior Advisor