Iain on Nostr: No, Yes, Yes. Every time you sell or use Bitcoin, CRA treats it as a taxable event ...
No, Yes, Yes. Every time you sell or use Bitcoin, CRA treats it as a taxable event for capital gains purposes. Purchasing BTC is not a taxable until you dispose of the BTC.
I believe CRA treats BTC as a commodity and taxes it the same way. Very much the same as gold holdings.
Published at
2023-05-03 03:38:06Event JSON
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"content": "No, Yes, Yes. Every time you sell or use Bitcoin, CRA treats it as a taxable event for capital gains purposes. Purchasing BTC is not a taxable until you dispose of the BTC. \n\nI believe CRA treats BTC as a commodity and taxes it the same way. Very much the same as gold holdings.",
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