As the crypto landscape continues to evolve, it's essential that Canada's tax framework keeps pace.
My latest white paper, "Modernizing Crypto Asset Taxation in Canada: Policy Gaps, Enforcement Challenges & Strategic Recommendations", highlights the urgent need for updated guidance and a more comprehensive approach to crypto asset taxation.
Key Takeaways:
- Canada's current tax framework is ill-suited to the complexities of decentralized digital finance.
- The lack of clear guidance on emerging technologies like DeFi, NFTs, and DAOs creates uncertainty and risk for taxpayers.
- A modernized tax approach can support compliance, reduce administrative burdens, and signal regulatory leadership in the digital economy.
Access the full white paper to learn more about the challenges and opportunities in crypto asset taxation and recommendations for policymakers. Let's work together to build a tax policy environment that encourages innovation, protects taxpayers, and supports Canada's reputation as a forward-looking jurisdiction in the Web3 economy!!! I welcome your feedback- let's get this conversation (and more) going!
------------------------------
Candy Davis
Davis Accounting & Tax
------------------------------