Bitcoin Forum

Bitcoin => Legal => Topic started by: knight22 on November 07, 2013, 04:14:53 AM



Title: CANADA - What you should know about digital currency
Post by: knight22 on November 07, 2013, 04:14:53 AM
From the Canadian government website
http://news.gc.ca/web/article-eng.do?nid=787789


Title: Re: CANADA - What you should know about digital currency
Post by: Phinnaeus Gage on November 07, 2013, 07:55:04 AM
It would cost the US tax payers at least $100M for some US agency to put together the same amount of paragraphs on that page, and it would probably say the same thing.

~TMIBTCITW


Title: Re: CANADA - What you should know about digital currency
Post by: freedomno1 on November 07, 2013, 09:46:30 AM
They should have specified the extension of primary and secondary income as their was a CRA ruling on that
Then again it probably got to complicated why their is a redirect 8)
More information on the tax implications of barter transactions is available by consulting the Canada Revenue Agency’s Interpretation Bulletin IT-490, Barter Transactions

Still it is kind of cool to see it on the government website