Glazier CPA

Is Bitcoin Taxable?   Disclaimer: all information provided is meant for discussion, education or opinion purposes only and is not intended as professional advice. With the explosion in Bitcoin and other cryptocurrency prices throughout the last year and its evolution towards wider adoption, speculation and legitimacy, people want to know: Is Bitcoin taxable? The short answer is...yes. Sorry, but yes. Bitcoin is definitely taxable in Canada. I'm not addressing other jurisdictions in this post. Frankly, I'm surprised that anybody thinks that profitable activity would be ignored by any government without trying to get their cut. Also, I'm just going to refer to Bitcoin as a catch all phrase for cryptocurrency throughout this post.  There is also a distinction to be drawn between the Bitcoin enthusiast class that believes in it as a separate currency and the investor class that wants it to go up and trade it back to a traditional currency, this post is meant...

Winnipeg Accountant Digitally Serving Canada Welcome to the official blog of Glazier CPA, a full service public accounting firm specializing in owner-managed business, tax and business consulting. While we are physically based in Winnipeg, Manitoba, we are fully capable of servicing clients anywhere in the world that have Canadian tax issues. Thanks to modern technology, so long as you're comfortable communicating remotely, we're happy and able to help you while charging based on our more affordable Winnipeg overheads and market. Our primary value offering is that we want our clients to know more. More about their business and about the issues that impact them. This includes a robust commitment to educating our clients and the community about the tax, business and accounting issues that they will face, and help them navigate Canada's fairly complex systems. We aren't able to watch over our clients' shoulders during their day to day, so it's...