Master the complex Canadian tax rules for crypto assets before the CRA comes knocking on your door.
This webinar explains how crypto assets are taxed. The taxation of derivatives and GST/HST issues relating to crypto assets are also discussed. There are many examples to explain these complex and fast-changing topics.
Features
This webinar explains the taxation of crypto assets and derivatives owned by individuals and corporations and includes:
What are crypto assets (distributed ledgers, wallets, cryptocurrency, tokens, stablecoins, mining, and staking) and their risks.
Record-keeping requirements and what counts as a sale of crypto assets (including barter transactions).
When you have a capital gain or business income, an adventure or concern in the nature of trade, and the tax consequences.
Gifts, the denial of capital losses, foreign crypto, and the T1135 (Foreign Income Verification Statement).
Property income and what are derivatives (e.g., call options, put options, futures, and forwards), hedging, and how they are taxed.
Goods and services tax (GST) / harmonized sales tax (HST) issues relating to crypto assets, including virtual payment instruments, mining and staking, small suppliers, and GST/HST returns.
Voluntary disclosure rules.
CPA, CA, M.Acc
Jason Fleming is a Chartered Professional Accountant (CPA), Chartered Accountant (CA) with a master’s degree in accounting. Jason is an associate professor, teaching stream, at York University, previously he was a tax manager at a Big-4 accounting firm in Toronto. Jason completed the CICA’s In-Depth tax course, ranked 8th in Ontario on the UFE (the CA professional exam) and taught tax week at the ICAO's Summer School. Jason is the author of CFE Tax, 9th edition, CFE Case Writing, 3rd edition and various tax articles.
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