Canada as early as in 2016 began to actively explore the features of innovative technology detached. At the same time, the Central Bank of Canada began developing its own crypto currency called CADcoin.
In turn, other government agencies are still conducting market research for crypto currency for its better understanding. Normative settlement will be carried out in full when the scale and popularity of the crypto currency will require it.
At present, crypto-currencies can be taxed at once with several taxes (depending on the type of operation with them), namely:
a) if there is a payment for goods or services — then such a transaction will be taxed as barter;
b) when selling crypto currency (in case of occurrence of a tax base), it is subject to income tax / profit tax (for business entities) or a capital gains tax.
It should be remembered that in carrying out any operations, general AML / CFT requirements and KYC policy rules (Know Your Customer) are applied.