Back to learn
Is cryptocurrency taxable in Canada?
Rounding it up
The CRA does tax most cryptocurrency transactions.
Canadians do not have to pay taxes for buying or holding cryptocurrency.
Taxpayers are subject to pay capital gains or business income tax after selling or mining cryptocurrency.
The percentage of net profits that are taxable depends on whether the profits are classified as capital gains or business income.
Cedric Jackson
Cedric Jackson is a crypto writer, sharing his experience to educate and inform people about Bitcoin, cryptocurrency, and blockchain technology, aiming to provide a global perspective on the events shaping the development of the new crypto economy.
Recent Articles
Upcoming trip? Here's why you should use a prepaid Visa card for travel purchases
Do I need renter's insurance in Canada?
How much should Canadians save for retirement?
What is value added tax? Is there VAT in Canada?
Is it more expensive to live in Canada or the US?
Should I keep accounts at multiple banks?
Related articles
What is value added tax? Is there VAT in Canada?
8 mins
Gaby PilsonIs sales tax a thing in Canada? And what the heck is VAT? We have all the answers to your burning tax questions here.
What is value added tax? Is there VAT in Canada?
8 mins
Gaby Pilson
Is sales tax a thing in Canada? And what the heck is VAT? We have all the answers to your burning tax questions here.
#tax
#value added tax
#VAT
#sales tax
Is cryptocurrency regulated in Canada?
7 mins
Cedric JacksonCryptocurrency is almost always regulated as a security. Discover what this means for future or current crypto investors like yourself.
Is cryptocurrency regulated in Canada?
7 mins
Cedric Jackson
Cryptocurrency is almost always regulated as a security. Discover what this means for future or current crypto investors like yourself.
#cryptocurrency
#crypto
#bitcoin
#regulation
Are cryptocurrencies considered legal tender in Canada?
5 mins
Cedric JacksonIs crypto legal or not? Will it be taxed like your other investments? Learn how you can legally use this buzzy currency in Canada.
Are cryptocurrencies considered legal tender in Canada?
5 mins
Cedric Jackson
Is crypto legal or not? Will it be taxed like your other investments? Learn how you can legally use this buzzy currency in Canada.
#cryptocurrency
#crypto
#bitcoin
#tax
What to do if you can't repay CERB or other emergency benefits
6 mins
Veronica OttIf you can’t afford to repay by April, you’re not alone. Your first step should be to communicate with the CRA.
What to do if you can't repay CERB or other emergency benefits
6 mins
Veronica Ott
If you can’t afford to repay by April, you’re not alone. Your first step should be to communicate with the CRA.
#CERB
#CRA
#government
#tax
Everything you need to know about tax season in Canada
12 mins
Barry ChoiFeeling stressed about tax season? Let's equip you with the knowledge you need to make tax filing as straightforward as possible.
Everything you need to know about tax season in Canada
12 mins
Barry Choi
Feeling stressed about tax season? Let's equip you with the knowledge you need to make tax filing as straightforward as possible.
#tax
#tax season
#tax returns
#RRSP
The Canada Recovery Benefit and You
4 mins
Emily KeelerCERB is over, even if the pandemic isn’t. Here’s everything you need to know about the new Canada Recovery Benefit (CRB).
The Canada Recovery Benefit and You
4 mins
Emily Keeler
CERB is over, even if the pandemic isn’t. Here’s everything you need to know about the new Canada Recovery Benefit (CRB).
#CERB
#CRB
#CRA
#benefit