Crypto-currency Canadian Tax Consequences 1 Credit 1 Credit
We live in a digital age—information is transferred and transactions are completed at a speed never thought possible. We have seen some amazing innovations in the last decade. One is the creation of digital currency, or cryptocurrency, the best-known of which is Bitcoin. While it sometimes seems that tax authorities play catch-up to technology’s latest advances, not much escapes the scrutiny of the Canada Revenue Agency (CRA).
Cryptocurrencies have moved into the mainstream. In the digital economy, people are increasingly transacting with and trading cryptocurrency and actually “mining” it. This ever-growing frequency of cryptocurrency transactions and the consistent volatility in its value have left many people who have traded, earned, or transacted using it wondering how to treat it for tax purposes.
On the other hand, Web 3.0 is the new and improved next generation of the internet. It will use AI and machine learning to take the internet to a whole new level, generating more powerful and evolutionary applications and making greater use of blockchain, cryptocurrencies, and other crypto assets as well as NFTs. Governments and businesses are already working to apply or adapt tax concepts to these new concepts.
Key Topics covered in this webinar:
This CPD webinar will explore the Canadian government's current efforts to create a taxation framework around cryptocurrency and Web 3.0. We will also explore the new compliance and reporting obligations this new framework is expected to create for individuals and businesses.
| License details | Credits | Status |
|---|---|---|
| Taxes for CPA in Canada | 1 CPD | Eligible |
| License details | Credits | Status |
|---|---|---|
| Taxes for CPA in Canada | 1 CPD | Eligible |
Credit
1
Course Level
Basic
Instructional Method
QAS Self Study
Group Internet Based
Pre-requisites
None
Advance Preparation
None
Brian has more than 24 years’ experience providing indirect tax solutions, including GST/HST, QST and PST support to non-resident and resident manufacturers, distributors, charities, financial institutions, municipalities, universities/colleges, schools and hospitals to name a few. He also works with clients on resolving WSIB/WCB and EHT issues.
Brian specializes in assisting non-resident clients with Canadian sales and payroll tax issues.
Brian has authored many articles on indirect taxation and regularly presents as part of international conferences on taxation.
Outside of the office, Brian is a pilot and Juno-nominated professional musician that made the Grammy Ballot in the USA and won the prestigious Parents’ Choice Award in the USA.
Jay has more than 10 years of experience focusing on indirect taxes in Canada. Jay brings the expertise of being a former tax auditor with the Canada Revenue Agency combined with the real-world experience of someone in dealing with indirect tax issues in various Canadian companies. Over the last few years, Jay has helped our clients understand the changes in the GST/HST legislation within Canada in a wide range of industries.
Jay helps his clients understand the rules and sales tax rates that can apply depending on which province one does business in. He is involved in monitoring legislative changes to help clients manage these taxes and provides planning advice to minimize sales tax costs.
He helps businesses operating in Canada meet their compliance obligations, reviews sales tax procedures to identify recovery opportunities, assists with conflict resolution by providing guidance and support in government sales tax reviews and provides staff training on sales tax rules on procedures.
Manson has over 13 years of experience in both public practice and industry. His practice include various industries, with a focus on life sciences, emerging technology, and energy/natural resource companies domestically and internationally.
Previous to BDO, Manson was the global head of tax of a global blockchain/Web3 company. Manson has significant experience advising clients in the technology and media industry that operate in various jurisdictions reporting in IFRS and US GAAP.
Manson’s practice mainly advises on Canadian tax matters for companies with global operations, cross-border and domestic mergers and acquisitions, due diligence, corporate reorganizations, spin-offs, and financings.
Manson also has extensive experience in the areas of global sales tax/VAT, transfer pricing, global mobility, and various other tax international matters.
Manson is a member of the Institute of Chartered Professional Accountants of Alberta and the Canadian Institute of Chartered Professional Accountants.
Educational and Professional Background:
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.
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.
OM
For comparative purposes, the Canadian reference and the USA references to Crypto taxation was well done. Thank you
EM
Excellent course however there is still much ambiguity with respect to crypto-currency.
May 12, 04:00 PM ET
May 14, 10:00 AM ET
May 14, 01:00 PM ET
May 14, 02:30 PM ET
May 15, 10:00 AM ET
May 15, 11:00 AM ET
Inclusions
Multiple Credits
Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.
Certifications & Reporting
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 - fastest in the industry.
Credit Tracker
Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.
Certificate Vault
Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.
Compliance Reminders
Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.
Mobile App Access
The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.
Live Support
Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.
Exclusive mobile
app for our unlimited
access subscribers
Select your plan, complete your payment, and access a world of knowledge.
| Subscription Inclusions | Silver | Gold |
|---|---|---|
15,000+ Hrs of CPE approved Content
Largest content library covering all aspects of professional development. |
 |
|
|
500+ Emerging Subject Areas
Wide range of subject areas tailored to meet diverse learning needs of all the department of the firm. |
|
|
|
50+ State- Specific Ethics Courses
Stay compliant with ethics requirements for every state. |
|
|
|
50+ State Compliance Packages
Pre-selected courses for quick compliance, saving time and effort. |
|
|
|
100+ Advanced Certification Programs
Expert-led programs to build advanced expertise and strengthen your career credentials. |
|
|
|
AICPA Eligibility Programs (CFF, ABV, PFS)
Pre-Packaged Eligibility Courses for AICPA designations such as PFS, ABV, and CFF, offering CPE credits upon completion. |
|
|
|
Compliance Tracker and Credit Vault
Store all your certificates in one place, stay compliance-ready with ease, and track your progress effortlessly using the built-in credit tracker. |
|
|
|
Instant Certification and Fast Reporting
Instant reporting to IRS, CFP Board, and other governing bodies. |
|
|
| Mobile App Access (iOS and Android) | |
|
|
Access to Communities
Join communities tailored to your specific interests and areas of expertise. |
 |
|
|
Access to Practical Training Programs
Focused training with pre-built assessments for all levels to upskill your staff efficiently. |
|
|
|
Select Tenure |
Congratulations!
Error!
