I dug up a relevant article on the tax implications of barter for Canada this morning. We’ve published many here about the tax implications inside the United States, and I had heard from some Canadian exchange owners how the Canadian Revenue Agency handles barter and taxes, but this is the first published article I have found on the subject. Simply put,
CRA’s view is that “barter transactions are within the purview of the Income Tax Act.”
The CRA does not require barter exchanges to provide documentation like the IRS does, but business owners in Canada are still required to document and report their barter and trade transactions.
See the full article at http://www.theglobeandmail.com/globe-investor/investment-ideas/even-barter-transactions-have-a-tax-implication/article1472218/
