A Crypto Tax Lawyer's Guide to paying employees in crypto, the income tax classification, withholding requirements, and the benefits and drawbacks. As mainstream adoption of cryptocurrency becomes more prevalent, prudent employers would be well-advised to develop the capacity to respond to demands for such schemes of compensation. It is essential to understand the methods through which cryptocurrency compensation can be offered, the income and payroll tax consequences, and th

Crypto Loans can be taxable in certain circumstances.

NFTs can be subject to GST/HST even if the purchaser cannot be identified

Decentralized Autonomous Organizations (“ DAOs ”) continue to grow in popularity and provide utility to their members. As of May 2023, there were approximately 13,000 DAOs with a collective total treasury of almost $32 billion. [1] However, the uncertainty in the tax treatment of DAOs and the activities of their members persists. This article will examine the Canadian tax consequences of DAOs, with particular emphasis on the activities of individual DAO members (hereinafter