[2014-09-02] Canadian Companies Start Paying Employees in Bitcoin

[patricktim]

http://www.cryptocoinsnews.com/news/canadian-companies-start-paying-employees-bitcoin/2014/09/01

Bitcoin and Tax

Employees who receive their salaries in Bitcoin still have to pay taxes though. Canada Revenue Agency spokesman Noel Carisse said paying employees in Bitcoin is the equivalent of paying them in goods – “a barter transaction. The goods – the Bitcoin, in the case of digital currency – must be valued and reported in Canadian dollars.”