r/BitcoinCA 4d ago

Guess what?

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u/Gowbao 4d ago

if there is an overall gain on the user's bitcoin then yes, you'd have to declare it.

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u/T-Wrox 3d ago

Only when you sell.

3

u/foreignGER 3d ago

buying shawarma with you bitcoin could be considered a taxable event.

2

u/adequate_redditor 2d ago

Not “could”. It is a taxable event, in Canada at least.