Salaries paid in bitcoin on the rise in Canada
There is a growing number of requests for Canadian employees to have their salaries paid in Bitcoin. CBC News reports that Canada employees are increasing the requests to be paid in bitcoin. Some companies have already proposed this option to their workers. According to Canadian tax laws, salaries received in Bitcoin are viewed as barter income and taxed based on the equivalent in Canadian dollars. A small but growing and surprising number of workers are rejecting Canadian dollar salaries for bitcoin, according to a Waterloo, Ont., payroll firm. Noel Carisse, a Canada Revenue Agency....
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Several months after becoming one of the first Poland-based businesses to accept payments in bitcoins, web developer and design company EL Passion made the news again when it offered its employees the chance to receive their salaries either partly or entirely in bitcoins. The EL Passion website states that: "After much interest in the company about bitcoin and crypto-currencies in general, we've decided to provide our employees with the choice of having their salaries paid in bitcoin. This makes EL Passion the first company in Poland to pay salaries in bitcoin. "Open source is a big part....
The State of Hiring Report 2021 shows a 10% month-over-month increase in people who want their salary in crypto. Apart from high-profile athletes and politicians who are taking salaries in crypto, a study shows that the number of ordinary people who take some of their salaries in crypto has increased globally.Tracking trends that occurred in 2021, global hiring firm Deel published a report that noted a 10% month-over-month increase in people who want to be paid in crypto since November 2020. The data, pulled from over 100,000 contracts in over 150 countries, shows that Latin America....
Miami wants to overtake Silicon Valley as the most Bitcoin-friendly place in the U.S. Miami city employees could soon choose to get their salaries paid in Bitcoin rather than USD. In an interview with Forbes, Mayor Francis Suarez said tangible paths to expand Bitcoin's adoption throughout the city included enabling city employee salaries to be paid in BTC.Major figures in the cryptocurrency world have responded positively to the idea, with Twitter and Square CEO Jack Dorsey calling it “smart” on Twitter.Smart https://t.co/wxsQkbfPef— jack (@jack) February 2, 2021 Germini co-founder....
"The ability to have part of my salary go directly into an investment that I believe will appreciate greatly over the next 10-30 years is a no-brainer,” said Guelph Nighthawks guard Kimbal Mackenzie. The Canadian Elite Basketball League will be allowing players from its seven teams to accept a portion of their salaries in Bitcoin starting next week. According to a Thursday announcement, the Canadian Elite Basketball League, or CEBL, has partnered with Toronto-based cryptocurrency exchange Bitbuy to convert part of basketball players’ existing salaries from Canadian dollars to Bitcoin (BTC)....
CEBL, the Canadian men’s basketball league, will offer its professional basketball players the option to receive a portion of their salary in cryptocurrency. The new payment option has been enabled through a partnership with the Canadian cryptocurrency exchange Bitbuy. Bitbuy to Convert Canadian Dollar Salaries Into Bitcoin The Canadian Elite Basketball League (CEBL) announced the deal with Bitbuy days before the start of its third season, on June 24. The league, which was founded four years ago, launched in 2019 with six teams, all of them owned and managed by the Canadian....