{"id":3890,"date":"2022-08-09T13:25:13","date_gmt":"2022-08-09T18:25:13","guid":{"rendered":"https:\/\/bitcoin.tax\/podcasts\/?page_id=3890"},"modified":"2024-08-08T10:56:12","modified_gmt":"2024-08-08T18:56:12","slug":"canada-crypto-taxes-explained","status":"publish","type":"post","link":"https:\/\/bitcoin.tax\/podcasts\/canada-crypto-taxes-explained\/","title":{"rendered":"Canadian Crypto Taxes Explained"},"content":{"rendered":"<audio class=\"wp-audio-shortcode\" id=\"audio-3890-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/3890\/canada-crypto-taxes-explained.mp3?_=1\" \/><a href=\"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/3890\/canada-crypto-taxes-explained.mp3\">https:\/\/bitcoin.tax\/podcasts\/podcast-player\/3890\/canada-crypto-taxes-explained.mp3<\/a><\/audio><div class=\"podcast_meta\"><aside><p><a href=\"https:\/\/bitcoin.tax\/podcasts\/podcast-download\/3890\/canada-crypto-taxes-explained.mp3?ref=download\" title=\"Canadian Crypto Taxes Explained \" class=\"podcast-meta-download\">Download file<\/a> | <span class=\"podcast-meta-duration\">Duration: 20:59<\/span> | <span class=\"podcast-meta-date\">Recorded on August 9, 2022<\/span><\/p><\/aside><\/div>\n<p>Kyle Mackenzie, a CPA, and the CFO and partner of the crypto division at Metrics Chartered Professional Accounting, joins the show to discuss all things crypto taxation in Canada. Kyle goes over the basics of Canadian crypto taxes, and runs through some of the more frequently asked advanced questions he encounters as well, including the tax implications of staking, bridging crypto, and ETH to ETH2 &#8211; plus, the CRA&#8217;s distinction between business and capital gains, superficial losses, and how both of these affect your bottom line. If you are looking for Canadian crypto tax guidance from an absolute pro, don&#8217;t miss this episode!<\/p>\n<h4>Guest<\/h4>\n<p><em>Kyle Mackenzie, CPA<\/em><\/p>\n<p><a href=\"https:\/\/getmetrics.ca\/\" target=\"_blank\" rel=\"noopener noreferrer\">Metrics Chartered Professional Accounting<\/a><\/p>\n<h3>Listen<\/h3>\n<p><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/the-bitcointaxes-podcast\/id1472061044\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2211 alignnone size-full\" src=\"https:\/\/bitcoin.tax\/podcasts\/wp-content\/uploads\/2020\/04\/US_UK_Apple_Podcasts_Listen_Badge_CMYK-1.png\" alt=\"\" width=\"166\" height=\"40\" \/><\/a><\/p>\n<h3>Episode Summary<\/h3>\n<p><strong>(03:31):<\/strong> The Basics &#8211; Buying Crypto, Selling Crypto, and Crypto to Crypto<\/p>\n<p><strong>(03:57):<\/strong> What are Superficial Losses?<\/p>\n<p><strong>(06:17):<\/strong> Business Income or Capital Gains?<\/p>\n<p><strong>(10:49):<\/strong> Crypto Staking<\/p>\n<p><strong>(12:12):<\/strong> Deducting Mining Expenses<\/p>\n<p><strong>(17:42):<\/strong> How The CRA Views Crypto Bridging and Swaps<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kyle Mackenzie, a CPA, and the CFO and partner of the crypto division at Metrics Chartered Professional Accounting, joins the show to discuss all things crypto taxation in Canada. Kyle goes over the basics of Canadian crypto taxes, and runs through some of the more frequently asked advanced questions he encounters as well, including the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"episode_type":"audio","audio_file":"https:\/\/dyk972he7tjqu.cloudfront.net\/canada-crypto-taxes-explained.mp3","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"20:59","filesize":"28.82M","filesize_raw":"30217568","date_recorded":"2022-08-09 13:25:13","explicit":"","block":"","footnotes":""},"categories":[1],"tags":[],"series":[15],"class_list":["post-3890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","series-the-bitcointaxes-podcast"],"episode_featured_image":"https:\/\/bitcoin.tax\/podcasts\/wp-content\/uploads\/2022\/08\/Podcast-Image-18.png","episode_player_image":"https:\/\/bitcoin.tax\/podcasts\/wp-content\/uploads\/2024\/08\/bitcointaxespodcastimage-150x150-1.jpg","download_link":"https:\/\/bitcoin.tax\/podcasts\/podcast-download\/3890\/canada-crypto-taxes-explained.mp3","player_link":"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/3890\/canada-crypto-taxes-explained.mp3","audio_player":"<audio class=\"wp-audio-shortcode\" id=\"audio-3890-2\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/3890\/canada-crypto-taxes-explained.mp3?_=2\" \/><a href=\"https:\/\/bitcoin.tax\/podcasts\/podcast-player\/3890\/canada-crypto-taxes-explained.mp3\">https:\/\/bitcoin.tax\/podcasts\/podcast-player\/3890\/canada-crypto-taxes-explained.mp3<\/a><\/audio>","episode_data":{"playerMode":"dark","subscribeUrls":{"apple_podcasts":{"key":"apple_podcasts","url":"","label":"Apple Podcasts","class":"apple_podcasts","icon":"apple-podcasts.png"},"google_podcasts":{"key":"google_podcasts","url":"","label":"Google Podcasts","class":"google_podcasts","icon":"google-podcasts.png"},"rss":{"key":"rss","url":"","label":"RSS","class":"rss","icon":"rss.png"},"spotify":{"key":"spotify","url":"","label":"Spotify","class":"spotify","icon":"spotify.png"},"stitcher":{"key":"stitcher","url":"","label":"Stitcher","class":"stitcher","icon":"stitcher.png"}},"rssFeedUrl":"https:\/\/bitcoin.tax\/podcasts\/feed\/podcast\/the-bitcointaxes-podcast","embedCode":"<blockquote class=\"wp-embedded-content\" data-secret=\"VvLuhpxvYL\"><a href=\"https:\/\/bitcoin.tax\/podcasts\/canada-crypto-taxes-explained\/\">Canadian Crypto Taxes Explained<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/bitcoin.tax\/podcasts\/canada-crypto-taxes-explained\/embed\/#?secret=VvLuhpxvYL\" width=\"500\" height=\"350\" title=\"&#8220;Canadian Crypto Taxes Explained&#8221; &#8212; BitcoinTaxes Podcasts\" data-secret=\"VvLuhpxvYL\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! 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