2440 Kensington Rd NW
Calgary, Alberta, T2N 3S1
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TAXATION OF BITCOIN AND OTHER CRYPTOCURRENCIES
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- Category: Capital gain/loss
No CommentsThe meteoric rise, and subsequent tailspin, in the price of bitcoin has incited rampant investment in cryptocurrencies. Over 1,400 coins or tokens are now in “circulation”. Often lost in the resplendence and chicness of buying and selling cryptocurrencies are the tax consequences. At a basic level, cryptocurrencies (or “crypto”) are property for purposes of the -
DONATING CAPITAL PROPERTY?
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- Category: Capital gain/loss
When capital property is donated, there is a disposition for tax purposes, which may result in a capital gain. The fair market value (FMV) of the property donated is used as the proceeds of disposition, and as the amount of the donation. In some circumstances it may be helpful to designate the proceeds amount to