A crypto holder’s guide to the 2024 tax season
Photo illustration The Globe and Mail. Source images: Getty Images
Cryptocurrencies continued to move into the mainstream last year, with the launch of the first U.S. bitcoin exchange-traded funds and as prices surged on U.S. President Donald Trump’s pro-crypto stance. And as more Canadians adopt cryptocurrencies as an alternative form of investment, there are important tax implications to watch for, experts say.
“Crypto is becoming less speculative and being used much more effectively as a store of value now,” said Nicholas Mersch, portfolio manager with Purpose Investments in Toronto.
“Bitcoin often exhibits price movements independent of mainstream markets, especially during periods of high…
