Published: October 28, 2021
Canadian tax lawyer David Rotfleisch, founder and senior tax lawyer at Rotfleisch & Samulovitch PC, recently wrote an article on TheLawyersDaily.com. In his writeup, David described what bitcoins are and how they are taxed in Canada.
“Meanwhile, different countries have disparate income tax treatment of cryptocurrency transactions. There is uncertainty surrounding the taxation of bitcoins in Canada, and the tax consequences may be different depending on how they were acquired.”
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."