This is the most informative post that I have come across for Crypto tax requirements in Canada. Might also be of assistance to our southern neighbours. Posted on Reddit BitcoinCA today. He has more to info to come.
[Tax] Canadian Crypto Tax Guide (self.BitcoinCA)
submitted 19 hours ago by tkcpaca
Hi Gang, Many of you may remember me from last week. I said I was putting together information for people get a high level understanding of certain tax matters to discuss with their tax advisors.
There will be total of ~10 articles published in connection to crypto. Currently 8 are specifically planned, and 1 is available NOW!
It's available at https://canadian.tax
2017 Individual Bitcoin Investor - Story of Scooter's Capital Gains
2017 Individual Bitcoin Investor - Frequently Asked Questions (Coming soon)
2017 Individual Bitcoin Trader - Story of Penny's Business Income (Coming soon)
2017 Individual Bitcoin Miner - Story of Watson's Business Income (Coming soon)
Cryptocurrency Detailed ACB Calculation Guide (Coming soon)
Taxation of Coin Forks (Coming soon)
Cryptocurrency Capital Gains vs. Business Income guide (Coming soon)
Tax planning to maximization your returns (Coming soon)
Website will remain ad-free and will not be monetized anytime in the future. Two more articles will be available within the next week, which are the FAQ of Bitcoin Investors, and detailed ACB calculation guide.
Other than that, please let me know which articles you would like to see sooner rather than later.
I also have one ask - if you trade on multiple exchanges, using multiple fiat/crypto currencies, please send me** transaction dump formats** (please sanitize the data to maintain your privacy if you do send) to help me write a comprehensive guide on how to calculate ACB and Gains using information from different exchanges.
Ultimately, the goal is to aggregate all the articles and develop a 1 large comprehensive PDF file that will be free to distribute.
BTC: 3KZg4HYqCt5LYHDLA1rGpXi7uLfdPyJkJo
BCH: 1FaTEfUCUdBuq1tdVb2bSurAeTLTvGx3yr
ETH: 0xA5D0f24E285C9E290745190EfBC958B53EC88d0D
LTC: LXQ8dBmAeQ3dK81wkgrYey1CJFowsHhaTs
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