Watch! Crypto Asset Transactions: Reporting and Taxation

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:

Recorded February 28, 2022

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