Blog - Tax Partners

Yield Farming Tax Canada

How to Report Yield Farming Income to the CRA

Introduction As yield farming continues [...]

Taxes On Crypto Canada

How to Report Mining Income to the CRA

Introduction: Cryptocurrency mining can be [...]

Crypto Rewards CRA

How to Report Crypto Rewards as Income to the CRA

Introduction: With the rise of [...]

Canadian Taxes

How to Report Staking Rewards on Canadian Taxes

Introduction: With the growing popularity [...]

Bitcoin Taxes Canada

GST/HST Implications for Bitcoin Transactions

Introduction: As Bitcoin and other [...]

Tax in Canada

Taxation of NFT Airdrops and Rewards in Canada

Introduction: NFT airdrops and rewards [...]

Tax Implications in Canada

Understanding IDOs and Their Tax Implications in Canada

Introduction Initial DEX Offerings (IDOs) [...]

Crypto Trader in Canada

Filing Taxes as a Crypto Trader in Canada

Introduction As cryptocurrency trading becomes [...]

Clearance Certificates & Taxes

What to Expect When the Canada Revenue Agency (CRA) Contacts You: A 2024 Guide for Canadians

Introduction As the Canada Revenue [...]

Canadian Tax Return

Reporting Foreign Crypto Rewards on Canadian Tax Returns

Introduction: Canadian residents earning cryptocurrency [...]

Tax Accountant Cryptocurrency

Reporting Your Capital Gains as a Crypto-Asset User in Canada: 2024 Tax Guidelines

Introduction As cryptocurrencies and other [...]

Crypto Taxes Canada

Does Buying Crypto Affect Your Taxes in Canada?

Introduction: The rise of cryptocurrency [...]

Accounting Firms

Understanding the Accounting Treatment of Digital Assets

As digital assets, including cryptocurrencies, [...]

Crypto Accountant

Reporting Your Crypto-Asset Income as an Individual Carrying on a Business in Canada: 2025 Tax Guidelines

Introduction With the continued rise [...]

Crypto Losses on Taxes in Canada

How to Declare Crypto Losses on Taxes in Canada

Introduction: Cryptocurrency investments are known [...]

Cryptocurrency Transactions

Record Keeping for Cryptocurrency Transactions: A Guide for Canadian Taxpayers in 2024

Introduction With the rise of [...]

Tax Audit For Bitcoin

Understanding CRA’s Position on Crypto Mining Income

Introduction Cryptocurrency mining, a process [...]

Tax in Canada

Tax Planning for Yield Farmers in Canada

Introduction Yield farming has gained [...]

Virtual Currency in Canada Tax

Virtual Currency in Canada: Tax Implications and Compliance in 2024

Introduction As digital currencies, such [...]

Accounting for Yield Farming - Tax Partners

Accounting for Yield Farming Activities: A Canadian Perspective

Introduction Yield farming, a popular [...]

Cryptocurrency Mining

Record-Keeping for Cryptocurrency Mining Activities

Introduction Cryptocurrency mining is a [...]

Tax Accountant Cryptocurrency

Tax Benefits of Trading Cryptocurrency as a Business for Canadian-Controlled Private Corporations (CCPCs)

Introduction The cryptocurrency market has [...]

Tax Audit For Bitcoin

Navigating CRA Audits on Cryptocurrency Rewards

Introduction With the increasing popularity [...]

CRA Tax Audit

Auditing Staking Income: What Canadian Businesses Need to Know

Introduction As cryptocurrency staking continues [...]

Capital Gains Tax on Bitcoin

Capital Gains Tax on Bitcoin Sales and Trades

Introduction As Bitcoin becomes an [...]

Cottages & Capital Gains - Tax Auditing

Navigating CRA Guidelines on IDO Participation

Introduction As the Canadian Revenue [...]

Crypto-Asset Exchanges in Canada

Crypto-Asset Exchanges in Canada: Your Records, Obligations, and Responsibilities

Introduction As the adoption of [...]

Auditors in Cryptocurrency Accounting

The Role of Auditors in Cryptocurrency Accounting

Introduction As the cryptocurrency market [...]

Canada Cryptocurrency Tax

How to Report Cryptocurrency Income to the CRA

Introduction Reporting cryptocurrency income accurately [...]

Taxable Capital Gains

Tax Planning Strategies for IDO Investors in Canada

Introduction Investing in Initial DEX [...]

Cryptocurrency Taxation

Cryptocurrency Taxation and Barter Transactions in Canada: An In-Depth Analysis

Introduction With the growing adoption [...]

CRA Audits on Cryptocurrency

Navigating CRA Audits on Cryptocurrency Transactions

Introduction As the popularity of [...]

Accounting for NFT

Accounting for NFT Royalties and Licensing Income

Introduction Non-Fungible Tokens (NFTs) have [...]

Canadian Accounting & Tax Services

How NFTs are Accounted for Under Canadian Standards

Introduction Non-Fungible Tokens (NFTs) have [...]

Bitcoin Taxes Canada

How to Report Cryptocurrency Donations to the CRA

Introduction Cryptocurrency donations are becoming [...]

Crypto Accounting

Dealing with Multi-Currency Transactions in Crypto Accounting

Introduction Cryptocurrency transactions often involve [...]

Cryptocurrency Taxes Canada

Converting Cryptocurrency Values into CAD: Accounting Methods

Introduction With the growing popularity [...]

Crypto Rewards

Crypto Rewards and Charitable Donations: Tax Implications

Introduction As crypto donations gain [...]

Bitcoin Tax Canada

Impact of Foreign Yield Farming Platforms on Canadian Taxes

Introduction As yield farming continues [...]

Cryptocurrency Accountants

CRA Guidelines on Yield Farming and Taxation

Introduction Yield farming has become [...]

Crypto Tax Canada

Record-Keeping for Staking Activities

Introduction Staking activities have become [...]

Bitcoin Tax Canada

The Role of Bitcoin in Canadian Financial Statements

Introduction As Bitcoin and other [...]

Cryptocurrency Taxation in Canada

Overview of Cryptocurrency Taxation in Canada

Introduction As cryptocurrencies continue to [...]

Crypto Accounting in Canada

Introduction to Crypto Accounting in Canada

Introduction Cryptocurrency has quickly become [...]

Bitcoin Taxes Canada

Bitcoin Automated Teller Machines (ATMs) in Canadian Businesses: A Comprehensive Analysis

Introduction and Context Cryptocurrencies, particularly [...]

Accounting for Mining

Accounting for Mining Operations: Canadian Guidelines

Introduction Cryptocurrency mining is a [...]

Capital Gains Tax

Capital Gains Tax on Profits from IDO Investments

Introduction Investing in tokens through [...]

Accounting for Bitcoin

Accounting for Bitcoin Holdings Under Canadian Standards

Introduction As Bitcoin becomes increasingly [...]

Capital Gains vs. Business Income

Capital Gains vs. Business Income: Understanding Crypto Rewards

Introduction Crypto rewards, earned through [...]

Tax Accountant Cryptocurrency

GST/HST on Cryptocurrency Rewards: What You Need to Know

Introduction Cryptocurrency rewards, earned through [...]

Tax Audit For Bitcoin

Tax Deductions for Staking Losses and Penalties in Canada

Introduction Staking cryptocurrencies has become [...]

Crypto Yield Farming - Corporate Tax Canada

Understanding Crypto Yield Farming and Its Tax Implications in Canada

Introduction: Crypto yield farming has [...]

Taxation of Cryptocurrency Canada

Taxation of Cryptocurrency Mining in Canada

Introduction: Cryptocurrency mining has become [...]

Crypto Rewards in Canada

Tax Treatment of Crypto Rewards in Canada

Introduction: Cryptocurrency rewards, whether earned [...]

Canadian Accounting & Tax Services

Tax Implications of Staking Income in Canada

Introduction: Staking has become an [...]

Bitcoin Tax Canada

How to Report Bitcoin Mining Income to the CRA

Introduction: Bitcoin mining has become [...]

NFT Investments - Tax in Canada

Reporting NFT Investments in Financial Statements

Introduction: Non-Fungible Tokens (NFTs) have [...]

Capital Gains Tax Canada

Capital Gains Tax on the Sale of NFTs in Canada

Introduction The rise of Non-Fungible [...]

Taxes in Canada

How to Cash Out Crypto Without Paying Taxes in Canada

As the popularity of cryptocurrencies [...]

Crypto Transactions - Cryptocurrency Accountants

How to Handle Crypto Transactions in Canadian Financial Statements

Introduction Cryptocurrency has become a [...]

Accounting Services for Healthcare

Optimizing Tax Strategies for Healthcare Professionals

The healthcare industry, with its [...]

Crypto Accountant

How to Choose the Right Accountant for Your Cryptocurrency Tax Needs

Tax Partners Canada is a [...]

Tax Consultants in Canada

Financial Benefits of Hiring an Advisor for Tax Planning

In intricate financial world, effective [...]

Business Man Working Office - Tax Partners

Tax Partners Tax Alert Capital Gains Inclusion Rate Increase

On April 30, 2024, Chrystia [...]

NEW AND EXPANDED TRUST REPORTING - Tax Advisor

NEW AND EXPANDED TRUST REPORTING

New rules aimed at providing [...]

Working From Home - Tax Auditing

WORKING FROM HOME

During the pandemic, many employers [...]

Vacant Home Tax - Canada Revenue Agency Filing Taxes

VACANT HOME TAX

Toronto residential property owners, including [...]

TFSA - Tax Auditing

TAX FREE SAVINGS ACCOUNT (TFSA)

Many taxpayers prefer the ease [...]

Tax Installments - Tax Consultants in Canada

TAX INSTALLMENTS

Tax installments are issued when [...]

Tax Debt - Tax Auditing

CRA TAX DEBT

You’ve completed your tax return [...]

Cryptocurrency - Tax Accountant Cryptocurrency

T1135 & CRYPTOCURRENCY

Form 1135 is where Canadians [...]

Snowbirds - TAX AUDITING

SNOWBIRDS

There are two ways that [...]

Small Business Here’s What You Should Know About HST

SMALL BUSINESS? HERE’S WHAT YOU SHOULD KNOW ABOUT HST

HST is the combination of [...]

Shareholder Loans & Taxation

SHAREHOLDER LOANS & TAXATION

Shareholders can withdraw funds from [...]

Tax Consultant Canada

SECTION 85 ROLLOVER

The Section 85 Rollover is [...]

Sole Proprietor to Corporation - Tax Auditing

SECTION 85 ROLLOVER – SOLE PROPRIETOR TO CORPORATION

Many business that operates as [...]

Rental Income & Tax – Principal Residence

RENTAL INCOME & TAX – PRINCIPAL RESIDENCE

Principal Residence When you dispose [...]

Real Estate Assignments

REAL ESTATE ASSIGNMENTS

The simple definition of a [...]

Non-Resident Real Estate Tax

Non-Resident Real Estate Tax – Section 216

Withholding Tax – Non-Resident When [...]

Non-Profit Organization & Tax Obligations

NON-PROFIT ORGANIZATION & TAX OBLIGATIONS

In order to qualify as [...]

New Housing Rebates

NEW HOUSING REBATES

The CRA provides rebates to [...]

Luxury Tax - Corporate Tax Canada

LUXURY TAX

Effective September 1, 2022, Canada [...]

ITCs & Supporting Documents

ITCS & SUPPORTING DOCUMENTS

We know that Input Tax [...]

ITCs – Simplified Reporting - Corporate Tax Filing

ITCs – Simplified Reporting

Many businesses who use regular [...]

Input Tax Credits – GST-HST

INPUT TAX CREDITS – GST/HST

When a taxpayer is self-employed [...]

TAX AUDITING - CRA Tax Audit

INFLUENCERS & THE CRA

In December of 2022, the [...]

GST-HST - Corporations Directors Liability

GST-HST – Corporations & Directors Liability

The director of a corporation [...]

GST-HST – Commercial Rides

GST/HST – COMMERCIAL RIDES

As of July 2017, all [...]

GST-HST – Corporate Tax Canada

GST/HST – AIRBNB

If you are operating an [...]

Accounting Services for Healthcare

EXECUTORS & THEIR ROLL

Many taxpayers specify in their [...]

Digital Goods & Services – Tax Implications

Digital Goods & Services – Tax Implications

A lot of non-resident vendors [...]

Cryptocurrency - Tax Accountant Cryptocurrency

Cryptocurrency

If you own any type [...]

Cottages & Capital Gains - Tax Auditing

COTTAGES & CAPITAL GAINS

Nothing says escape like going [...]

Clearance Certificates & Taxes

CLEARANCE CERTIFICATES & TAXES

A Clearance Certificate is issued [...]

Business-Tax-Audit

TAX AUDITING – BUSINESS

For a business to fulfill [...]

ALLOWABLE BUSINESS INVESTMENT LOSS (ABIL)

ALLOWABLE BUSINESS INVESTMENT LOSS (ABIL)

An ABIL is a capital [...]

Pexels Nataliya Vaitkevich - Tax Solutions in Canada

The Trusted Partner for Tax Solutions in Canada and the United States

Income Tax in Canada or [...]

Housing Tax - Accounting Firms

UNDERUSED HOUSING TAX & TRAPS THAT COULD RESULT IN HUGE PENALTIES

If you own residential property, [...]

ZERO RATED AND EXEMPT SUPPLIES FOR GST/HST

ZERO RATED AND EXEMPT SUPPLIES FOR GST/HST

Current GST/HST procedures are difficult [...]

Taxpayers' Ombudsman And The Taxpayer Bill Of Rights

TAXPAYERS’ OMBUDSMAN AND THE TAXPAYER BILL OF RIGHTS

In Canada, taxpayers have legal [...]