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Tag Archives: Bitcoin Tax Audits

Shareholder Loans & Taxation

CRA’s Approach to Bitcoin Tax Audits

Introduction With the growing adoption of Bitcoin in Canada, the CRA (Canada Revenue Agency) has increased its focus on auditing cryptocurrency transactions.  Understanding the CRA’s approach to Bitcoin tax audits is crucial for businesses and individuals involved in the cryptocurrency space. Identifying High-Risk Transactions The CRA uses various methods to identify high-risk transactions that may […]