Hello fellow Crypto Canuck!

Was thinking 🤔... what’s the best way to start these weekly emails…hmmm

Answering Your Questions!!!

I haven’t met a crypto investor yet that didn’t have a slew of tax questions.

Many of you have asked me these questions around Canadian Crypto Tax.

So let’s begin with the 10 Most Asked Canadian Crypto Tax Questions. (Updated Sept 2024)

10. Does the CRA know how much crypto I hold?

9. What if I gift my partner some crypto do I still have to pay taxes?

8. If an exchange or project gets shut down, can I claim the losses on my taxes?

7. Should I be using a crypto accounting software like Koinly?

6. If CRA changes the tax regulations on crypto will I be back taxed?

5. Are there any crypto exchanges that have been approved and vetted by the Canadian Securities?

4. Can I use any exchange I want to on and off ramp my crypto?

3. Are all my crypto earnings taxed as capital gains and or loss each year?

2. When does a crypto taxable event occur?

1.Where is the best place to find Canadian tax regulations?

Each Saturday, look out for the answers to these questions.

Till next time,

Charlene

P.S. Do you have a question but it wasn’t on the list? Hit reply and ask me, so I can answer it!