For Canadian crypto exchanges, OTC desks, brokerages, ATM operators, investors, and traders, 2026 is a year worth paying attention to. This is the year Canada has proposed as the start of mandatory annual reporting under the OECD’s Crypto-Asset Reporting Framework (CARF), subject to enabling legislation being enacted. Under CARF, crypto intermediaries collect verified identity and transaction data from every user and report it to their domestic tax authority. Those authoritie

A crypto tax lawyer's look at the mistakes and grey areas that most often land Canadian crypto holders in trouble with the CRA, and how to handle them. Cryptocurrency tax in Canada is deceptively complex. Unlike returns or gains on other investments (stock, for example) that get reported to the CRA through brokers, the reporting burden falls entirely on the holder of that cryptocurrency. This burden, combined with the ever-evolving landscape of Canadian tax law, means that

A crypto tax lawyer's guide to how cryptocurrency is actually taxed in Canada, why there is no single crypto tax rate, and what determines how much of your gain you keep. If you have bought, sold, traded, or spent cryptocurrency, the real question is rarely just whether crypto is taxable. It is how much you will actually owe. Even though many Canadians search for a “crypto tax rate," expecting a single percentage, there isn’t one. Canada does not tax cryptocurrency at its o

A crypto tax lawyer's guide to how the Canada Revenue Agency taxes cryptocurrency, how much you actually pay, and how the number is built. If you have bought, sold, traded, or spent cryptocurrency, the real question is rarely just whether crypto is taxable. It is how much you will actually owe. There is no single crypto tax in Canada. What you pay depends on how the Canada Revenue Agency (the "CRA") characterizes your activity, how much you gained, and your marginal tax rate.

An easy guide to understanding the Stablecoin Act in Canada

A Crypto Tax Lawyer's Guide to Paying Employees in Crypto: Income Tax Classification, Withholding Requirements, and Benefits and Drawbacks As mainstream adoption of cryptocurrency becomes more prevalent, employers should develop the capacity to respond to demands for crypto compensation. Understanding how to offer cryptocurrency compensation, the income and payroll tax consequences, and the associated benefits is essential for both employees and employers. This article will e

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