View Single Post
Old 01-16-2018, 09:55 AM   #249
Canehdianman
Lifetime Suspension
 
Join Date: Sep 2011
Location: Calgary
Exp:
Default

Quote:
Originally Posted by Krovikan View Post
My assumption is withdrawals - minus equipment cost = capital gains

Sent from my Pixel 2 XL using Tapatalk
I'm not sure that would be the case. I think the CRA might view mining as a commercial venture (with an expectation of profit).

http://www.canadiantaxlitigation.com...d-transactions

I haven't really reviewed it yet. Mostly because I haven't made any profits as of yet (and I don't mine).
Canehdianman is offline   Reply With Quote