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Tag Archives: Yield Farming Income Canada

Rental Income & Tax – Principal Residence

Auditing Yield Farming Income: Key Considerations

Introduction As decentralized finance (DeFi) grows in popularity, Canadian taxpayers involved in yield farming face increased scrutiny from the Canada Revenue Agency (CRA). Yield farming, which involves staking or lending cryptocurrency in exchange for rewards, is considered taxable income, and the CRA has ramped up its efforts to audit cryptocurrency activities.  In this article, we […]