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Tag Archives: Tax Advice Canada

Business Tax Audit

Staking vs. Mining: Tax and Accounting Differences in Canada

Introduction As cryptocurrency becomes more prevalent, businesses in Canada are engaging in various crypto-related activities, including staking and mining. While both activities involve earning cryptocurrency, the tax and accounting treatments for staking and mining differ significantly.  Understanding these differences is essential for Canadian businesses to comply with CRA regulations and optimize their tax reporting. What […]