Bitcoin and others cryptocurrencies are something quite new to the taxman and others federal regulatory boards and agencies.
Currently, legislation is still at the developmental stage and so are money-laundering-related laws and regulations. Some announcements were made in the 2014 Canadian federal budget, and we may soon expect new compliance laws and by-laws.
Regarding tax matters, Canada Revenue Agency is expected to apply the “Barter rule” for any businesses made with Bitcoins.
We also provide expertise regarding legal ICO, made and supervise, according to the Canadian “sand box” regulators compliance.
Our law firm provides comprehensive expertise, for any Canadian business that wishes to comply with its compliance duties and tax filings.