Interview with crypto asset taxation specialist David Rotfleisch of Taxpage.com on the following topics:
Crypto tax basics: capital versus income; T1135 reporting
Proof of work versus proof of stake
Taxation of bitcoin mining-proof of work: hobbyist-wind fall; trader-inventory; service provider-income
Taxation of proof of stake (eg, Ethereum)
NFTs (Non-fungible tokens)
CRA’s overall position
Voluntary disclosures and CRA activity
Sources:
The basics (Taxpage.com)
Stolen cryptocurrency or NFT (Taxpage.com)
Poor recordkeeping (Taxpage.com)
T1135 filings (Taxpage.com)
Proof of stake (Taxpage.com)
Bitcoin mining (Taxpage.com)
Recorded February 28, 2022
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