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Crypto as Specified Foreign Property

The CRA has stated that Bitcoin can be u201cspecified foreign propertyu201d, whether held personally or by a partnership, when u201cit is situated, deposited or held outside of Canada and not used or held exclusively in the course of carrying on an active businessu201d.

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Crypto as Specified Foreign Property

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  1. Crypto as Specified Foreign Property Part 2 of the Smartblock Law "Crypto-Tax Primer" Blog Series WWW.SMARTBLOCKLAW.COM

  2. Source From: https://www.smartblocklaw.com/blog/crypto-tax-primer-part-2

  3. Contact Us Smartblock Law Professional Corporation Address : 250 Yonge Street, Suite 2201 City: Toronto State: OntarioZip: M5B2L7Phone: (+1) 647-243-5018Country: Canada Website: https://www.smartblocklaw.com/ Email: chetan@smartblocklaw.com Twitter: https://twitter.com/SmartblockLaw Facebook: https://www.facebook.com/SmartblockLaw

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