Quote:
Originally Posted by worth
I was trying to research this and found the following:
https://koinly.io/guides/crypto-tax-canada/
In my particular case I'm using an exchange to purchase BTC, and I want to take this and use a different exchange to purchase a different coin. I'm just wondering how others handle this from a tax perspective. Or if one day I cash out, what people have found the best way to get the info needed to fulfill tax obligations. |
Yep, any time you trade one token for another is seen as a capital gain if the value of the first has increased.
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