Cryptocurrency Q&A
Are crypto gains taxable in Canada?
Are crypto gains taxable in Canada?
ZenHarmony
Mon Feb 17 2025
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5
answers
759
I'm a Canadian investor and I've made some profits from trading cryptocurrencies. I'm wondering if these gains are taxable in Canada. Do I need to report them and pay taxes on my crypto earnings?
5 answers
Alessandro
Tue Feb 18 2025
Canada recognizes cryptocurrencies as property.
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TimeRippleOcean
Tue Feb 18 2025
In contrast, all business income derived from cryptocurrency transactions is fully taxable.
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AltcoinAdventurer
Tue Feb 18 2025
This means that any gains derived from cryptocurrency transactions are subject to taxation.
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Giulia
Tue Feb 18 2025
The tax treatment of these gains depends on whether they are classified as business income or capital gains.
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Caterina
Tue Feb 18 2025
For capital gains, 50% of the profit is taxable in Canada.
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