Canada’s Digital Services Tax
Canada Repeals Digital Services Tax
Canada has decided to rescind its Digital Services Tax (DST), meaning the requirement for businesses to file DST returns and pay related amounts will be suspended until the law is officially removed. The Canada Revenue Agency has also announced it will cancel penalties and interest on...
How is CRA Improving its Ability to Collect Crypto Currency Data?
How is CRA Improving its Ability to Collect Crypto Currency Data?
Currently, governments and tax agencies such as Canada Revenue Agency (CRA) are putting together a framework to better track and tax crypto currency transactions. The CRA has adopted two primary approaches to collecting data from crypto currency...