Cryptocurrency Q&A
Is Bitcoin allowed in Canada?
Is Bitcoin allowed in Canada?
ZenHarmonious
Mon Dec 23 2024
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7 answers
1521
I'm wondering if Bitcoin is legal in Canada. I've heard different things about its status there, and I want to make sure I have the correct information before making any decisions related to it.
7 answers
SumoPride
Wed Dec 25 2024
Businesses have the discretion to accept cryptocurrency as payment, but they do so at their own risk.
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GyeongjuGlory
Wed Dec 25 2024
The Canada Revenue Agency (CRA), the more formal tax authority, does not accept cryptocurrency as a form of payment for taxes.
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SunlitMystery
Wed Dec 25 2024
Cryptocurrencies are recognized as legal in Canada.
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Stefano
Wed Dec 25 2024
This means that individuals and entities must use traditional forms of payment when settling their tax obligations.
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CryptoProphet
Wed Dec 25 2024
Nonetheless, the legal status of cryptocurrencies allows anyone to purchase them.
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