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Month: February 2022

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Tax Consequences of Exchanging Cryptocurrencies

Posted on Feb 28, 2022July 11, 2022

If you exchange one cryptocurrency – say Bitcoin, for example, – for another cryptocurrency – say Litecoin – do you have to pay tax on

Read MoreTax Consequences of Exchanging Cryptocurrencies

Police Investigate Cryptocurrency Exchanges Re: Trucker Protests

Posted on Feb 16, 2022July 11, 2022

According to the Globe and Mail the RCMP have sent letters to cryptocurrency exchanges and financial institutions instructing them to stop facilitating transactions with accounts

Read MorePolice Investigate Cryptocurrency Exchanges Re: Trucker Protests

Selling Your Cryptocurrencies

Posted on Feb 16, 2022July 11, 2022

When you sell your cryptocurrency for a profit there are tax consequences. The profit you made is taxable either as a capital gain or as

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Converting Your Home to a Rental Property: Don’t Forget to Make This Election

Posted on Feb 9, 2022

When you convert your home from a principal residence to a rental property, the Canada Revenue Agency (“CRA”) treats it as if you sold your

Read MoreConverting Your Home to a Rental Property: Don’t Forget to Make This Election

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