Crypto and Taxes (For Canadians) with Laura Wilson

Diving into how to get a higher tax return, how to file taxes if you live abroad, and what you need to know about crypto for your taxes.

Show Notes

Thinking about how you’re going to file taxes this year? If you bought, traded, gifted, or mined crypto this year, it’s going to affect how you file your taxes.  Here are all the things you need to know. 

For this episode I’m joined by Laura Wilson, founder of Wilson Tax Solutions, who has over 10 years of experience doing Canadian personal taxes. She loves educating people on how our tax system works and how to maximize their tax savings. She also loves Disney parks and has a borderline obsession with Frank’s Red Hot Sauce.

The complexity in this episode is on a dial setting. We start off explaining basic tax education and how to prepare yourself if it’s your first time filing taxes and explore some best practices to get a higher tax return. 

Then we turn the dial up, and look at what’s considered a taxable event when it comes to crypto 

Here’s what we dive into:

1:22 - Laura’s Journey

7:18 - How Can I Get a Higher Tax Return

9:07 - Wedding Tax Hack

12:25 - How to Work Abroad

17:24 - What Makes an Investment Realized

19:30 - What’s Considered a Taxable Event with Crypto

27:17 - Staking Cryptocurrencies

28:46 - Crypto Mining Tax Implications

________

Connect with Laura:

Instagram: @wilsontaxsolutions

TikTok: @wilsontaxsolutions

For contact or business inquiries: [e-mail]

________

✩ SOCIALS: ✩

instagram: @missfindependent

TikTok: @nikafarb

For contact or business inquiries: [e-mail]

What is Miss Findependent?

Teaching women financial literacy, and helping them be more confident investors, entrepreneurs or go further in their careers.