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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