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Questions tagged [taxable in canada]

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AmethystEcho AmethystEcho Tue Dec 24 2024 | 7 answers 1236

Is Bitcoin mining taxable in Canada?

I'm wondering if Bitcoin mining is considered taxable in Canada. I've been mining Bitcoin recently and I'm not sure if I need to declare it for tax purposes in Canada.

Is Bitcoin mining taxable in Canada?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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