24426 News and counting... | Last 24 hours 73 Bitcoin & Crypto News

Categorie | The Bitcoin News

Tax rules apply to cryptocurrency, says the Canada Revenue Agency

0

 

size_590_A_moeda_virtual_Bitcoin

Canada has decided to reveal some of its plans for the future of Bitcoin and other virtual currencies: the country’s Revenue Agency (CRA) recently released a statement regarding the taxation of cryptocurrency, which had been promised in May.

According to Coindesk, the document, entitled “What you should know about Digital Currency”, provides guidance to tax advisors working with Bitcoin companies in the country, reinforcing the CRA’s former opinions on the subject. It starts by describing cryptocurrency like this:

Digital currency is virtual money that can be used to buy and sell goods or services on the Internet. Bitcoins are an example of digital currency. Bitcoins are not controlled by central banks

Read more ...

Bitcoin Examiner

comments are closed

Premium Members

The Bitcoin Newsletter

Email address

The Bitcoin Ads

The Bitcoin Ads

The Bitcoin Ads

Follow us!

iPhone & Android App


Partner

Sponsors





Bitcoin & Crypto Events



The Bitcoin Ads


Your ad here!

The Bitcoin Ads


Your ad here!

The Bitcoin Ads


Your ad here!

Bitcoin Events

<< Jul 2014 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

High Level Cryptography

Email
Print
Read previous post:
Bitsoup – Real Time Bitcoin Price Ticker and News Tracker

Do you have news tips? Are you interested in writing for us? We have are working on having weekly series...

Close