Kieparts PapartDec 16, 2021 · 3 years ago5 answers What are the tax implications when selling a house for cryptocurrency in Canada?
I am planning to sell my house in Canada and accept cryptocurrency as payment. However, I am concerned about the tax implications of such a transaction. What are the specific tax rules and regulations that I need to be aware of when selling a house for cryptocurrency in Canada? How will the capital gains tax be calculated? Are there any exemptions or deductions available? Can I use specific accounting methods to minimize my tax liability?