This course provides a comprehensive overview of the taxation and reporting requirements for cryptocurrencies in Canada. Designed specifically for accountants and tax practitioners, the course addresses the challenges and complexities associated with cryptocurrencies and offers guidance on how to effectively navigate the evolving regulatory landscape. Participants will gain a thorough understanding of the tax treatment of cryptocurrencies, including differentiating between income and capital gains, reporting obligations, tracking and reporting crypto investments, and addressing potential audits. Additionally, the course explores the nuances of GST and HST in cryptocurrency transactions, taxation of mining activities, handling NFTs and DAOs, and best practices to avoid common mistakes.
This course is specifically designed for accountants and tax practitioners who want to enhance their knowledge and expertise in the taxation and reporting of cryptocurrencies. It is suitable for professionals who work with individuals and businesses involved in cryptocurrency activities, including trading, investing, mining, and accepting crypto payments.