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Tag Archives: Crypto Donations

TFSA

Accounting for Crypto Donations and Gifts in Canada

Introduction Cryptocurrency donations and gifts are becoming increasingly popular in Canada. Whether you’re donating crypto to a charity or receiving it as a gift, understanding the accounting implications is crucial for accurate reporting and compliance with Canadian tax laws. Tax Treatment of Crypto Donations: Fair Market Value (FMV): When donating cryptocurrency, the FMV at the time […]