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Headline : Canada to enforce new ‘crypto’ tax guidelines by 2026

Read more from the original article on here at coingeek.com.




Tags : #canada #enforce #new #crypto #tax #guidelines #2026


No. of Paragraph 21

Home » Business » Canada to enforce new ‘crypto’ tax guidelines by 2026

Canada intends to crack down on potential tax ‘crypto’ tax cheats by enforcing new global digital asset taxation standards within the next two years.

The Canadian government will apply the Crypto-Asset Reporting Framework (CARF) by 2026, enabling digital asset companies to comply by 2027, when the standard takes effect globally.

CARF is a global tax standard led by the Organization for Economic Co-operation and Development (OECD) that aims to foster the automated exchange of tax information relating to digital assets. It requires virtual asset service providers (VASPs) to collect tax information from their users and report it to domestic tax authorities. These agencies will then share this information with their counterparts to enable tax monitoring.

Read more from the original article on here at coingeek.com.


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