Replying to Avatar p2x

I have a question for Canadian nostriches, especially those who live in Quebec. Is there a legal obligation to declare any of the following:

1. the purchase of bitcoins?

2. the purchase of goods with bitcoins?

3. the sale of bitcoins?

Thanks!
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Iain 2y ago

No, Yes, Yes. Every time you sell or use Bitcoin, CRA treats it as a taxable event for capital gains purposes. Purchasing BTC is not a taxable until you dispose of the BTC.

I believe CRA treats BTC as a commodity and taxes it the same way. Very much the same as gold holdings.

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