myCPE

Crypto in Canada: Legal Trends and Challenges 1.5 Credits 1.5 Credits

Nov 21, 2024, 10:00 AM ET

Crypto in Canada: Legal Trends and Challenges 1.5 Credits 1.5 Credits

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Live Webinar
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Nov 21, 2024, 10:00 AM ET

Learning Objectives

  • Review crypto asset definitions and blockchain technology fundamentals.
  • Analyze current trends and future outlook of the crypto market.
  • Identify tax implications of various crypto transactions and exchanges.
  • Learn strategies for handling crypto tax audits effectively.
  • Review regulatory case studies to understand real-world compliance issues.

Course Overview

In today’s rapidly evolving financial landscape, understanding the legal and tax implications of cryptocurrencies in Canada is crucial for both individuals and businesses. 

Our society is increasingly digital and cryptocurrencies continue to gain support in government, business and personal financial transactions. But what are the laws and regulations that govern their use? While the Canada Revenue Agency does not consider cryptocurrency tokens legal tender, but rather a commodity governed under personal property security law, are they even the holder’s personal property at all?

This CPD Course will delve into the complexities of this emerging asset class. We’ll explore what constitutes crypto assets, including their classification and the underlying technology of blockchain. Participants will gain insights into the current state of the crypto market, the future outlook, and recent global developments that could impact Canadian regulations and adoption. Moreover, we will address the tax considerations associated with common crypto use cases, such as sales, exchanges, and employee remuneration. 

Key topics covered:

  • Income vs capital gains
  • Compensation
  • Applicability of withholding taxes, exit tax, tax on death and foreign reporting
  • Compliance and documentation obligations
  • Review of Coinbase case study

Join us to navigate the legal complexities and stay ahead in the world of crypto. Learn about the taxation of cryptocurrency assets and how to comply with the tax laws in this rapidly developing area.

For more Canada CPD Tax Courses, Click here.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Taxes for CPA in Canada 1.5 CPD Eligible
Professional Development for Personal Financial Planner (PFP) 1.5 CE Eligible
Professional Development for Chartered Investment Manager (CIM) 1.5 CE Eligible
Professional Development for Certified International Wealth Manager (CIWM) 1.5 CE Eligible
Professional Development for Estate & Trust Professional (MTI) 1.5 CE Eligible
Professional Development for Designated Financial Services Advisor (DFSA) 1.5 CE Eligible
License details Credits Status
Taxes for CPA in Canada 1.5 CPD Eligible
Professional Development for Personal Financial Planner (PFP) 1.5 CE Eligible
Professional Development for Chartered Investment Manager (CIM) 1.5 CE Eligible
Professional Development for Certified International Wealth Manager (CIWM) 1.5 CE Eligible
Professional Development for Estate & Trust Professional (MTI) 1.5 CE Eligible
Professional Development for Designated Financial Services Advisor (DFSA) 1.5 CE Eligible

Additional Information

Credits

1.5

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

About Instructor

AJAG

AJAG Professional Development

, AJAG Professional Development

  • 4.5
  • rating
  • rating
  • rating
  • rating
  • rating

AJAG offers a comprehensive selection of professional development courses in Tax, Accounting, Assurance, Ethics and more - all designed to keep CPAs informed and up to date. We strive to deliver the highest quality, most relevant and accessible continuing education content for CPAs in Canada. Our instructors are some of the most well-respected presenters in their field and present their own course material - covering a wide range of relevant, timely topics.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent (68%)

Very Good (30%)

Average (3%)

Poor

Terrible

TB

Troy Baker, CPA in Canada

5

Very interesting however as cryptocurrency is still relatively new there are a lot of policies but not yet specific examples of implementation.

PH

Pascal Huisman, CPA in Canada

5

This was a lot of new information to me and explained in a great way that was easy to follow.

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