Pragmatic Cryptocurrency

What is cryptocurrency and how is cryptocurrency different that other currencies?
How do I buy and trade cryptocurrency?

Canada – crypto as a commodity

The CRA states that cryptocurrency is usually treated like a commodity for purposes of the Income Tax Act. Depending on what you are doing with crypto you may report capital gains or business income.

The income you get from disposing of cryptocurrency may be considered business income or a capital gain. In order to report it correctly, you must first establish what kind of income it is.



Business activities normally involve some regularity or a repetitive process over time. Each situation has to be looked at separately.

Is it business income or capital gain?