Virtual currency (like bitcoin): added a new box on TP-1 (the 2020 tax return). A new box has been added on the TP-1, namely box 24. It is on the first page of the tax return and it is indicated as follows:
\n\u201cIf you have received or disposed of (sold, ceded, exchanged., Donated, etc.) virtual currency, check below. ”<\/p>\n
On the other hand, on Annex G in section A a new section has been added to record the capital gain or loss arising from the disposition of virtual currency.
\nThe CO-17 company tax return also provides for such a new request for information in this regard. So, Revenu Qu\u00e9bec also appreciates the increase in the value of bitcoin and would like to have its piece of cake, the capital gain tax.<\/p>\n
Regarding ARC, on November 6, 2020, an article in the National Post indicated that the ARC had requested from the “Coinsquare” platform the list of names of people who held an account with this platform. There would be 200,000 accounts. The CRA obviously considers virtual currencies to be a major source of tax evasion. A story to follow.<\/p>\n","protected":false},"excerpt":{"rendered":"
Virtual currency (like bitcoin): added a new box on TP-1 (the 2020 tax return). A new box has been added on the TP-1, namely box 24. It is on the first page of the tax return and it is indicated as follows: \u201cIf you have received or disposed of (sold, ceded, exchanged., Donated, etc.) virtual…<\/p>\n","protected":false},"author":2,"featured_media":10334,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[21],"tags":[28,22],"class_list":["post-10333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-taxation","tag-news","tag-slider"],"acf":[],"aioseo_notices":[],"yoast_head":"