Colin Romano

Apr 30, 2024 | mondaq.com | Colin Romano |Francesca Guolo

As crypto-assets become subject to further regulation both domestically and globally, industry players find themselves presented not only with new obligations but also with new opportunities. Canada's 2024 federal budget ("Budget 2024") is no exception to this trend. Although the headline news coming from Budget 2024 was the proposed increase to the capital gains inclusion rate, companies operating in the blockchain space have more targeted changes to contend with.

Nov 26, 2023 | mondaq.com | Francesca Guolo |Owen Gaffney |Colin Romano

On November 2, 2023, the Canada Revenue Agency (CRA) answered a series of questions as part of the Association de planification fiscal et financière's annual conference in Quebec City that may have significant tax implications for centralized cryptocurrency trading platforms (CTPs) and their Canadian clients.1 Responding to two questions about cryptocurrency, the CRA took two important positions: A client that holds cryptocurrency through the facilities of a CTP may not own the cryptocurrency...