BAX Securities Law webinar series on the regulation of crypto assets and the blockchain industry in Canada.
Please join Barbara Hendrickson of BAX Securities Law and Jeremie Beitel of Beitel Tax Law on June 11, 2024 at 2:00 PM EST for a webinar to discuss the new tax reporting requirements proposed by the Canadian federal government in the April 16, 2024 budget for crypto assets.
Speakers will address:
- The proposed annual tax reporting requirements for crypto asset service providers implemented through the Common Reporting Standard (CRS) developed by the Organization for Economic Cooperation and Development (OECD).
- The application of the annual tax reporting requirements to crypto asset service providers who facilitate transactions involving crypto assets including conversions between crypto assets and fiat currencies, the exchange of crypto assets, transfers of crypto assets generally as well as transfers of crypto assets with merchants / service providers in exchange for goods and services.
- Disclosure requirements respecting “customers” of the crypto asset service providers including corporate customers.
- The expansion of the CRS’s scope to include fiat-backed stable coins (Value-Referenced Crypto Assets or VRCAs) and central bank digital currencies not covered by the OECD Crypto Asset Reporting Framework.
- The solicitation of comments by the Canadian federal government on the possibility of including crypto assets as “qualified investments” for registered savings plans and tax-free savings accounts.
- A discussion of how the proposals will impact the operators of registered crypto trading platforms, payment processing businesses and issuers of crypto assets in Canada.
If you are currently involved in crypto asset / blockchain industry in Canada please join us on June 11, 2024, at 2:00 EST.
Participants will have the opportunity to ask questions during the webinar.
Please RSVP to Barbara Hendrickson at bhendrickson@baxsecuritieslaw.com.
