OK so let me get this straight. I save $x of my after tax income twice a month in BTC, and if I sell any to peel off some profit to fix my furnace so we don’t freeze to death, I create a capital gains taxable event? Government of Canada, GFY. Man I wish my ColdCard was smaller so I can hoop it when I finally leave this country.
Information for crypto-asset users and tax professionals - Canada.ca
Cryptocurrency is a relatively new innovation that requires guidelines on taxation so that Canadians are aware of how to meet their tax obligations.




