27 Apr '13, 10am

Canada to tax Bitcoin transactions

Canada to tax Bitcoin transactions

Canada to tax Bitcoin transactions - TV Get short URL Published time: April 27, 2013 10:39 Tweet Share on Tumblr Tags Currencies , Commodities , Internet , Information Technology , Canada Canadians using bitcoins, the decentralized crypto-currency that recently went mainstream, must report their incomes and pay taxes as with other earnings, Canada's Revenue Agency (CRA) confirmed following a media request. The issue was clarified in response to a letter by the Canadian Broadcasting Corporation (CBC) ahead of the country's tax season. Two separate tax rules are applicable to the electronic currency, CRA spokesperson Philippe Brideau told CBC in an email. When bitcoins are used as money to buy goods and services, the transaction is treated as barter and is taxable as such. When they are traded at a market for profit, they may be taxed as capital gains. "When bitcoins are bou...

Full article: http://rt.com/business/bitcoins-currency-taxable-canada-496/

Tweets

Canada Revenue Agency To Tax BitCoin Transactions

news.slashdot.org 28 Apr '13, 7pm

"The Canada Revenue Agency has started paying attention to BitCoin transactions, as it says users will have to pay tax on ...

Revenue Canada says BitCoins aren't tax exempt

cbc.ca 26 Apr '13, 9pm

Just in time for tax season, the Canada Revenue Agency says the users of Bitcoins will have to pay tax on transactions in ...

Revenue Canada says BitCoins aren't tax exempt

cbc.ca 26 Apr '13, 9pm

Just in time for tax season, the Canada Revenue Agency says the users of Bitcoins will have to pay tax on transactions in ...

Canada to tax bitcoin transactions: report

blogs.marketwatch.com 29 Apr '13, 2pm

Canada’s Revenue Agency says users of bitcoins are obligated to pay taxes on transactions using the alternative currency, ...

Bitcoins are no longer tax exempt in Canada via...

blogs.marketwatch.com 29 Apr '13, 3pm

Canada’s Revenue Agency says users of bitcoins are obligated to pay taxes on transactions using the alternative currency, ...

Calgary bitcoin exchange fighting bank backlash in Canada

Calgary bitcoin exchange fighting bank backlash...

calgaryherald.com 28 Apr '13, 3pm

Joseph David has overcome a lot of challenges since starting up Canada’s first Bitcoin exchange two years ago but his la...

Canada tightens restrictions on Bitcoin trading...

salon.com 26 Apr '13, 10pm

This article originally appeared on The Daily Dot . In the United States, the difficult-to-trace digital currency Bitcoin ...

Canada Revenue Agency zeroes in on bitcoin

business.financialpost.com 30 Apr '13, 1pm

To its many fans bitcoin is a virtual currency that exists in an alternative universe that is not controlled by government...

curbs add $1 billion to tax revenue

forums.condosingapore.com 07 May '13, 7am

http://www.straitstimes.com/archive/...venue-20130503 Property curbs add $1 billion to tax revenue Additional buyer's stam...

Canada wil Bitcoin-transacties belasten

nu.nl 27 Apr '13, 2pm

Volgens de Canadese belastingdienst zijn transacties met de virtuele munt Bitcoin niet vrijgesteld van belasting. Daarom s...

London has lowest annual cost of property occup...

online.wsj.com 27 Apr '13, 7pm

Annual property taxes and selling costs, however, somewhat level the playing field, he says. The cost of selling a $15.26 ...

Bitcoin's real-world problem: Virtual currency facing bank backlash

Bitcoin's real-world problem: Virtual currency ...

business.financialpost.com 27 Apr '13, 11am

The Bank of Canada also has yet to take an official position, said Dale Alexander, a spokesman for the central bank. But i...

Bitcoin Supporters Should Be Really Happy By Wh...

businessinsider.com 30 Apr '13, 9am

A few weeks ago, Bitcoin exploded to the $250 area. Then it promptly plunged to around $60. That prompted all kinds of "de...

Should Bitcoin peg its price to US dollar?

Should Bitcoin peg its price to US dollar?

rt.com 26 Apr '13, 3pm

China became the second biggest economy in the world by pegging their currency to the dollar at an artificially cheap rate...

What an Internet sales tax could mean for your Bitcoin stash: (via @b_fung)

What an Internet sales tax could mean for your ...

nationaljournal.com 25 Apr '13, 6pm

If it passes the Senate in the next couple of days, as it’s expected to, a bill that would let states tax your online tran...