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Tag Archives: Tax Implications

T1135 & Cryptocurrency - Tax And Accounting Services

Tax Implications of Crypto-to-Crypto Transactions

Introduction Crypto-to-crypto transactions, where one cryptocurrency is traded for another, are taxable events in Canada.  Understanding the tax implications is essential for ensuring compliance with CRA regulations. Definition of Crypto-to-Crypto Transactions A crypto-to-crypto transaction occurs when one cryptocurrency is exchanged for another, such as trading Bitcoin for Ethereum.  The CRA views these transactions as dispositions, […]