Consult an attorney or tax information herein is accurate, complete. This is also taxed based professional regarding your specific situation.
In simple terms, this means that people must calculate a single average for each cryptocurrency. Typically, the deadline for reporting your taxes to the CRA is April 30 after the end of the tax year. To make things simple, you should first figure out whether your cryptocurrency earnings are considered capital gains or business income. Remember that the taxable capital gain is only half of the total capital gain.
