Uncovering Canadian Cryptocurrency Challenges - 2021

Course Price: $59.99

Number of PD hours: 1.0

Online - Recorded - Available

Webinar will be presented by Jack Bernstein, Saam Nainifard and Donald B. Johnston

Encrypted digital currencies - or cryptocurrencies - have risen in popularity as the world of international commerce moves faster than ever. 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?

Join 3 members of the Tax and Technology Groups at AirdBerlis  as they break down the use of cryptocurrency and discuss its challenges within Canada and internationally. Learn about the taxation of cryptocurrency assets and how to comply with the tax laws in this rapidly developing area.

Topics include:

Income vs capital gains


Applicability of withholding taxes, exit tax, tax on death and foreign reporting

Compliance and documentation obligations

Review of Coinbase case study

How to handle an audit

Impact of cryptocurrency on the practice of law

Initial coin offerings: securities or not?

Decentralized finance (DeFi) and use of smart contracts


Jack Bernstein LL.B

Jack Bernstein is the senior tax partner of Aird & Berlis LLP and chair of the firm's International Tax Practice. Jack is a member of the firm's Tax Group and Tax Litigation Group, as well as the Mergers and Acquisitions Team.

Jack is recognized as one of the leading Canadian tax lawyers in international tax planning, mergers and acquisitions, corporate restructuring, reorganizations, and financing. He is experienced in dealing with public and private corporations, and has also advised hedge funds, venture capital funds and real estate funds.

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