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.