CRA Plan for Cryptocurrency Spells Death by Taxation | Frontier Centre For Public Policy

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canada revenue agency bitcoin mining

The Canada Revenue Agency (CRA) does not consider the use of cryptocurrencies and Bitcoin as certified mediums of exchange in Canada. Canada September 23 2019 Bitcoin mining treated as a barter transaction: In CRA Document 2018-0776661I7 (released August 21, 2019) the CRA was. If you're into mining these currencies, you could face tax if it's a business A cryptocurrency is a digital representation of value. business, go to Canada Revenue Agency's website (cra.gc.ca) and enter “what is a business?

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