Taxation of Cryptocurrencies & Tokens (Part II) — Forking-Up Taxes on Forks?

October 31, 2018 | Marc Richardson Arnould

Taxes & Wealth Management, Vol. 11, No. 3, 2018, 4-6

As the looming threat of cryptocurrency regulation in the area of securities continues to monopolize the public limelight, little attention by Canadian governmental authorities is being given to the taxation of transactions involving tokens. Yet, the Canadian government’s position is unequivocal: “[t]ax rules apply to digital currency transactions, including those made with cryptocurrencies.”

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