Stablecoins are becoming more and more prominent in the crypto market as individual investors and big corporations try to avoid volatility of the crypto market. Total transaction volume of stablecoins in 2021 was over $4 Trillion (USD).

Crypto cards have surged into the public eye in the last few years as many large exchanges have started giving investors the ability to spend their cryptocurrency with a crypto debit card. A great example of this is crypto.com’s debit card which is packed with features.

When venturing into the crypto world, it’s important to know what events are taxable and how they will be taxed.. NFTs are not exempt from tax., So, here's how CRA could potentially tax NFTs and the position you could take on them.

When investing in any crypto asset, it’s important to understand the tax implications of your actions. Most investors understand they will be taxed on gains made when they dispose of cryptocurrencies but few remember that losses are just as important to document as well. Losses can help reduce your tax liability massively and can be carried forward multiple years.

Any project or idea in the financial world usually requires some startup capital to get going and maintain operations before the model becomes profitable. Normally, startups would look towards angel investors or perform an IPO, to raise capital for the project. In the cryptocurrency world, ICOs have generated more and more funding year on year for new cryptocurrency projects popping up all over the crypto sphere.

Remaining tax compliant when investing in the crypto sphere is often more tedious and tricky than one thinks, especially when interacting with DeFi protocols or several self-custodial wallets.

Investors usually struggle with one major problem: capital. To solve this problem, banks have given investors loans providing they are trustworthy enough. In the crypto space with its decentralized nature, loans can be given out purely based on collateralized assets.

Any competent investor should always be on a lookout for ways to legally reduce their tax liability on their investment income. Luckily, crypto investors have some options when it comes to reducing their cryptocurrency tax liability.

Any person making taxable income in Canada has the option, although not legal, to simply not declare or not pay their taxes on taxable income.