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Frequently Asked Questions

Do I have to pay taxes on my Canada eCoin?

Within Canada cryptocurrencies are subject to the Income Tax Act, this means that taxes are required to be payed on your cryptocurrencies including Canada eCoin. There are a few situations where it must be included when filing your taxes:


  • If someone buys goods or services from you using a cryptocurrency you are required to include it in your income. GST and HST apply to goods and services bought with cryptocurrencies.
  • When buying or selling a cryptocurrency like a commodity you are required to report any losses or gains when you file your taxes.


If you wish to learn more about what the Canadian Government has to say about cryptocurrencies and taxes we highly advise you read the official documentation here:

https://www.canada.ca/en/financial-consumer-agency/services/payment/digital-currency.html


Please note that the above information is specific to Canada and its laws. Please reference your own countries local laws and how they outline the use of cryptocurrencies.
Last Updated 11 months ago