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Miners be aware: New GST/HST measures announced for cryptoasset mining

The Department of Finance (“Finance”) announced draft legislation on February 4, 2022 that would remove most cryptoasset mining activities from the general goods and services tax / harmonized sales tax (“GST/HST“) regime. The draft legislation introduces the new defined terms “cryptoasset”, “mining activity”, and “mining group operator”.

Source: mccarthy.ca

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