While most questions about digital asset taxation are largely settled in Canada, there are still a number of rules that cause confusion, particularly given some of the recent changes to the way capital gains are taxed. In particular, one question we often receive is: “if I buy and hold crypto currency that substantially goes up in value, and then I trade
With the rising values of digital assets like Bitcoin and Ethereum, many early adopters and savvy investors are trying to find ways to use these cryptocurrencies to finance their needs. While walking into a store and using Bitcoin to purchase goods is still not widely available
When starting a business, many people choose not to incur the costs, administrative hassle, and accounting expenses associated with incorporating a corporation. However, there will come a time when incorporating makes sense for you to allow for the following advantages
In recent years there have been many regulatory and legislative changes related to the rules pertaining to setting up your business offshore. Although there are many reasons, other than tax efficiency, which exist for establishing a presence offshore, such as owning or holding investment or rental properties
Offshore structuring has a bad rap. In recent years, exposés, investigative journalists and various documentaries and movies sensationalized how billionaires and big corporations stashed money abroad in hidden bank accounts to avoid taxes, which has drawn the ire of the public and the scrutiny of regulators.
Grinhaus Law Firm, a boutique business, estates and tax law firm, as well as a leading firm in Blockchain advisory located in Toronto, Canada, has become the first Canadian law firm, and one of only a handful world-wide, to establish itself in the Metaverse
There are several reasons why incorporation may be the right answer for your business, but once you have decided to incorporate, there are several more questions that arise. One of the most important questions…
Incorporation offers liability protection, continuity and tax benefits for people looking to start their own business. Once you have determined that incorporation is right for you, the first step in the process is deciding…
One of the most profound results of the Covid-19 pandemic has been the effect it has had on the composition of the workplace. Working remotely has forced employers to move to a task-based measure of labour…
