Skip to main content

Featured

How Crypto is Taxed in Canada — What CRA Expects From You (2026 Guide)

  Published: April 2026 | Reading time: 11 min | Category: Taxes, Investing, Personal Finance A lot of Canadians still believe cryptocurrency exists in a tax-free grey zone. It does not. The Canada Revenue Agency is very clear on this: crypto is taxable, every transaction counts, and CRA has been aggressively pursuing crypto investors who don't report correctly. If you've bought, sold, traded, or earned any cryptocurrency in Canada — Bitcoin, Ethereum, Solana, or anything else — this guide explains exactly what CRA expects from you, what counts as a taxable event, and how to reduce your tax bill legally. The CRA's Official Position on Crypto The CRA treats cryptocurrency as a commodity , not a currency. This is a critical distinction. It means: Crypto is subject to either capital gains tax or income tax depending on how you use it Every time you dispose of crypto — sell it, trade it, spend it, or give it away — you trigger a taxable event Simply holding cryp...
Post a Comment
Read more

article

Labels

Myanmar Earthquake: A Nation in Crisis

The devastating 7.7-magnitude earthquake that struck Myanmar on Friday has left the nation grappling with an overwhelming humanitarian crisis. As of Sunday, the death toll has risen to approximately 1,700, with over 3,400 injured and 300 still missing. Hospitals are struggling to cope with the influx of casualties, and critical infrastructure, including bridges, highways, and airports, has been severely damaged, hindering rescue and relief efforts.

The earthquake, one of the strongest in Myanmar's history, has compounded the challenges faced by a country already in turmoil due to civil war and economic instability. International aid and rescue teams from neighboring countries like India, China, and Thailand, as well as Malaysia, Singapore, and Russia, have begun arriving to assist in relief efforts. However, the scale of destruction and the urgency of stabilizing affected communities before the monsoon season pose significant challenges.

The International Federation of Red Cross and Red Crescent Societies has emphasized the growing humanitarian needs and the importance of restoring transportation routes to facilitate effective rescue operations. With predictions suggesting the death toll could exceed 10,000, Myanmar faces a long and arduous road to recovery.

Labels:

Comments

Post a Comment