What is cryptocurrency?
Please find here an article from CRA regarding cryptocurrency and how to account for it for tax purposes.
A cryptocurrency is a type of virtual asset that is protected using cryptography. It typically uses a system called a blockchain to record and keep a history of transactions. Cryptocurrencies, such as Bitcoin and Ether, are independent, meaning they do not rely on governments, central banks, or other central authorities for backing. You can obtain cryptocurrency in many ways, and new methods are being developed all the time. You can use cryptocurrencies for a wide range of activities, such as buying goods, paying bills, or investing. Transactions involving cryptocurrencies often have tax implications.
Topics include:
Disposing of cryptocurrencies
Examples of the tax consequences
How to correct your tax affairs
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