Archive for Author: taxlaw

Tax Guide for Crypto & Bitcoin Businesses: Computing Inventory Costs

Introduction: Cryptocurrency-Trading Businesses in Canada Canadian cryptocurrency-trading businesses face unique challenges. The mostly unregulated market brings higher risk of fraud and cyber-crime. The volatile markets may bleed profits. And some cryptocurrency traders don’t even realize that they’re carrying on a business, misreporting their profits as capital gains. This article...

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Indirect Tax Audit Methods: Toronto Tax Lawyer Guide

Indirect Tax Audit Methods: Toronto Tax Lawyer Guide

Introduction – Indirect Tax Audit Methods Canada’s income tax system is designed around every taxpayer, individual, corporation or trust, filing an annual return which reports all of the income that taxpayer earned during the year. Similarly, GST/HST is administered by requiring suppliers of goods and services to regularly file...

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