When Haman Mamdouhi made $2,500 in profit from a $5,000 investment in Bitcoin last month, the tax implications weren’t exactly top of mind. “Taxing is probably the last thing on anyone’s mind,” said Mamdouhi, who is in his early 20s and started investing casually in high school. “The first thing is “oh, is Bitcoin something […]
With a recent surge in the value of bitcoin and massive profits for some traders from the rapid rise (and subsequent fall) of GameStop shares, tax specialists say there are multiple ways that new traders can declare their income and expense the related costs
Filing taxes this year may be more complicated than in years past for Canadian small business owners who received government aid during the pandemic, CTV News Chief Financial Commentator Pattie Lovett-Reid writes in her blog for CTVNews.ca.