The tax season is here and the Canada Revenue Agency (CRA) considers four activities taxable events in the cryptocurrency world: selling or gifting your crypto, trading or exchanging one crypto for another, converting crypto to CAD and using crypto to purchase goods or services. Brush up on the rules and regulations of crypto taxes in Canada with our comprehensive guide.
Category: News and Announcements
The Shanghai upgrade is coming soon!
The Ethereum network is set to undergo a major upgrade in March 2023, known as the Shanghai upgrade (“Shanghai” or the “Shanghai upgrade”). Shanghai will be Ethereum’s next major update after the transition from Proof-of-Work to Proof-of-Stake consensus in September. This upgrade is highly anticipated and promises to bring several new features to the Ethereum network, including, allowing those who have participated in staking ETH into the Ethereum 2.0 contract to withdraw funds and staking rewards. Aside from its effects on staking, the Shanghai upgrade may also see changes in market demand for Ethereum. The Shanghai upgrade will follow The
Master Your Finances: A Beginner’s Guide to the 50/30/20 Budget Rule
A budget can give you a sense of financial control and make it easier for you to save money for your objectives. Finding a system that works for you can help you feel like you have a better handle on your finances. Have you ever heard of the 50/30/20 budget rule? The rule is to split your income into three categories of spending: 50% on needs, 30% on wants, and 20% on savings. This simple and logical approach to building wealth can assist you in creating a realistic budget that you can follow over time to achieve your financial objectives.
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Coinsquare’s year in review for 2023
As the year comes to a close, it’s time to look back and reflect on the highlights and accomplishments of the past 12 months. For Coinsquare, it’s been a year of growth and expansion. In early 2022, we announced that we planned to expand our platform and add new features and services. This included the launch of the new Coinsquare, which introduced a number of advanced features and tools to help our users trade more efficiently and effectively. This was a major milestone for us, as it made it easier than ever for our users to access and trade cryptocurrency,
Coinsquare’s commitment to transparency and risk management
Coinsquare is Canada’s first registered crypto IIROC investment dealer and marketplace member. Canadians now have the opportunity to invest in crypto, knowing that they benefit from the high level of operational compliance and business conduct required of IIROC dealers and the protections afforded to clients of traditional regulated IIROC dealers. Our regulatory status means you can count on the same high standards that you have come to expect from any IIROC-regulated dealer, regardless of unpredictable market conditions. Coinsquare has implemented robust protocols, safeguards, and industry-leading security technology, and we continue to protect your assets and ensure their availability regardless of
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Coinsquare Carves the Path, Becoming Canada’s First Crypto-Asset Trading Platform Registered as an Investment Dealer and IIROC Member
TORONTO, CA — October 12, 2022 — Coinsquare, Canada’s longest operating crypto asset trading platform, today announced that the Investment Industry Regulatory Organization of Canada (IIROC) has approved Coinsquare’s dealer registration and IIROC membership. This regulatory status will now position Coinsquare as the first crypto-only, IIROC registered investment dealer and marketplace member in the Canadian market across all provinces and territories. Coinsquare proceeded directly to IIROC registration, which imposes a higher standard of regulation that is familiar to customers and provides the greatest degree of investor protection. Competitors will be required to go through the same rigorous path to meet
The Ethereum Merge is coming soon!
Ethereum (ETH) is about to undergo the most critical upgrade in its history, known as The Merge. Widely anticipated for longer than 2 years, The Merge is the transition of the Ethereum network from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. The Merge is touted as the solution that will make Ethereum much more scalable, reliable and energy-efficient. Here’s what you need to know. What is The Merge? The Merge is an update to the Ethereum network. It’s called “The Merge” because the update will merge the existing Ethereum Mainnet, which currently processes all transactions, with a solution
This is not a drill: Crypto-to-crypto trading is available through Coinsquare’s OTC desk
Did you know that Coinsquare Wealth clients can make direct coin-to-coin trades via the OTC desk without converting to fiat first? Read along to find out more. If you’re looking for a way to trade your Bitcoin or get your hands on the next big altcoin, look no further than Coinsquare Wealth. Coinsquare now offers its Wealth clients the chance to make direct coin-to-coin trades without first converting to a fiat currency. As a Wealth client, you can trade between 40 coins as well as CAD and USD. Coinsquare users have over 860 trading pair options through the OTC desk! Here’s
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Coinsquare’s commitment to asset security
In the crypto market, every day can be unpredictable and asset security can become a real concern for our customers. Coinsquare has implemented robust protocols and safeguards as well as industry leading security technology, and we continue to take additional steps to protect your assets in a safe and secure manner.
The new Coinsquare is here
The new Coinsquare is built on our most advanced platform yet. We have been working to create a new experience with a laser focus on customer research, understanding our audience’s needs, and adding new offerings for you to build your portfolio. New Look, New Feel, New Coinsquare Exciting things are coming from Coinsquare, with new features, coins, and products for you to explore. While our look is new, you can be sure that everything you love about making easy, everyday trades will stay the same. Our new logo reaffirms our future goals and represents a step in our journey. This