30 Apr '13, 1pm

Canada Revenue Agency zeroes in on bitcoin

To its many fans bitcoin is a virtual currency that exists in an alternative universe that is not controlled by governments. But that’s not the view of the Canada Revenue Agency, which made it clear on Monday that whatever kind of money Canadians use, they need to pay their taxes. According to the CRA, bitcoin can be taxed either as a commodity like gold or oil, or as the product of a barter deal. Bitcoin’s real-world problem: Virtual currency facing bank backlash in Canada Joseph David has overcome a lot of challenges since starting up Canada’s first Bitcoin exchange two years ago but his latest hurdle is proving tougher that all the others. Virtex, based in Calgary, is an online market that matches Bitcoin buyers with sellers, with about $13-million of trades under its belt. Continue reading. Created in 2009 as a form of online money, it quickly gained attention as the g...

Full article: http://business.financialpost.com/2013/04/29/canada-reven...

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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 ...

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, ...

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

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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

Canada to tax Bitcoin transactions

rt.com 27 Apr '13, 10am

Canada to tax Bitcoin transactions - TV Get short URL Published time: April 27, 2013 10:39 Tweet Share on Tumblr Tags Curr...

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Virtual currency facing bank backlash in Canada #bitcoin via @PelleB

Virtual currency facing bank backlash in Canada...

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

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

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