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Uncovering Canadian Cryptocurrency Challenges

CPD Information: 1 Substantive Hour for Lawyers

Oct 21 Uncovering Canadian Cryptocurrency Challenges Website 876x254 Archive

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Encrypted digital currencies - or cryptocurrencies - have risen in popularity as the world of international commerce moves faster than ever. Our society is increasingly digital and cryptocurrencies continue to gain support in government, business and personal financial transactions. But what are the laws and regulations that govern their use? While the Canada Revenue Agency does not consider cryptocurrency tokens legal tender, but rather a commodity governed under personal property security law, are they even the holder’s personal property at all?

Join members of our Tax and Technology Groups as they break down the use of cryptocurrency and discuss its challenges within Canada and internationally. Learn about the taxation of cryptocurrency assets and how to comply with the tax laws in this rapidly developing area.

Topics include:

Income vs capital gains

Compensation

Applicability of withholding taxes, exit tax, tax on death and foreign reporting

Compliance and documentation obligations

Review of Coinbase case study

How to handle an audit

Impact of cryptocurrency on the practice of law

Initial coin offerings: securities or not?

Decentralized finance (DeFi) and use of smart contracts

For information regarding our webinars and communications, please contact:
Melanie Smilynov | rsvp@airdberlis.com | 416.863.1500 x2457

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