CANADA'S TAX & BUSINESS LAWYERS
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Welcome to the Barrett Tax Law
Cryptocurrencies Service
We would like to announce that we are able to provide cryptocurrency advice to the full range of clientele including investors,
traders, institutions, crypto miners, and data centre operators.
We also provide Escrow services for transactions performed with cryptocurrency.
We accept all major cryptocurrencies as payment for our services.
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If you require a legal opinion about Cryptocurrency and its tax treatment, we would be pleased to provide you with a confidential consultation.
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Cryptocurrency Profits in Canada: Capital Gains vs. Business Income
I am asked all the time whether somebody has to pay capital gains tax on their cryptocurrency gains or whether they have to pay business tax. The answer invariably, is “it depends.”
Tax Treatment of Cryptocurrency Theft and Loss
So, after investing in Bitcoin and Ethereum, the North Koreans hacked one of your cryptocurrency exchanges and you lost a Bitcoin after it had hit $20,000 USD…