Archive for Author: taxlaw

Taxation of Cryptocurrency and Barter Transactions – A Toronto Tax Lawyers Analysis

Introduction – Cryptocurrency Transactions and Taxation Cryptocurrency is a popular means of conducting transactions online. Widespread cryptocurrency tokens such as Bitcoin, Ethereum, Litecoin, Dash, and Stellar have become acceptable payment currencies for some e-commerce merchants across the world. For Canadian businesses that are looking to accept cryptocurrencies for payments...

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RRSP Prohibited & Non-Qualifed Investments

RRSP Background – RRSP Anti-Avoidance Rules: Prohibited and Non-Qualified Investments Registered retirement savings plans (RRSPs) are a tax efficient method of investment for individuals created by the government to encourage Canadians to save for retirement.  The basic structure of an RRSP is that a financial institution (the issuer) holds...

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