Canada expected to adopt international crypto-asset reporting framework (CARF) taxation by 2026
Golden Finance reported that according to a supplementary document to the 2024 budget, Canada is expected to adopt the International Crypto-Asset Reporting Framework (CARF) for taxation by 2026. CARF will impose new reporting requirements on crypto-asset service providers (CASPs), such as cryptocurrency exchanges, crypto-asset brokers and traders, and crypto-asset ATM operators, whether individuals or corporate entities.
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