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Author: Admin | 2025-04-28
Vs. property income (ie. on account of capital) - check out my video here that discusses how crypto tax works in Canada. However, if you want to know the next step on crypto mining as a business activity is taxed, you would need to stay tuned for my next video, which I will be diving into this topic. Disclaimer: Note this post is not accounting nor tax advice and should be used for entertainment purposes only. Consult with your own accountant and/or tax advisor for specific advice related to your business situation and needs.References:Guide for cryptocurrency users and tax professionals by CRA Inventory Valuation by CRA Lawrence Tam, "Declaring revenue: Is it a hobby or a business?" in 2021 BCCPAJohn Oakey, Myles Bilodeau, and Michael Brown, "Decrypting the Taxation of Cryptocurrency Mining," in 2018 Atlantic Provinces Tax Conference (Toronto: Canadian Tax Foundation, 2018), 2:1-52. crypto mining taxes,crypto mining tax,crypto mining tax canada,crypto mining hobby vs business,crypto mining hobby or business,crypto taxes,crypto taxes canada,crypto taxes explained,paying crypto taxes,taxes on crypto gains,paying taxes on crypto,tax on crypto canada,crypto tax canada,calculate crypto tax canada,bitcoin taxes canada,cra crypto,canada revenue agency crypto,cryptocurrency taxes,bitcoin taxes,taxes on cryptocurrency,crypto tax tips
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