Tag Archives: WEALTH MANAGEMENT BLOGS

Introduction Non-Fungible Tokens (NFTs) have gained significant traction in recent years, becoming a popular digital asset among investors and creators. However, accounting for NFTs under Canadian standards can be complex due to their unique nature. This article outlines the key considerations for recording NFTs in financial statements according to Canadian guidelines. Classification of NFTs NFTs […]

Introduction Cryptocurrency mining is a growing industry in Canada, offering both individual and corporate entities the opportunity to generate income through the validation of blockchain transactions. Proper accounting for these mining operations is crucial for ensuring compliance with Canadian regulations and maintaining accurate financial records. This article explores the key accounting guidelines for cryptocurrency mining […]

Introduction Investing in tokens through Initial DEX Offerings (IDOs) can lead to significant profits. However, these profits are subject to capital gains tax in Canada. This article explains how capital gains tax applies to IDO investments and what Canadian investors need to know. Understanding Capital Gains Tax In Canada, capital gains tax is applied to […]