RandyMarsh Posted December 27, 2021 Share Posted December 27, 2021 (edited) Hi folks, hard to get a straight forward answer from Google, thought I would try here. IN CANADA - if I mine a particular coin, do I have to claim that as income based on the price of the coin at the moment I came into possession of it? I'm considering buying a new device (sorry can't give details about the device right now or the coin) and this device mines coins when you use it. To compensate you, you get a portion of the coins in your personal wallet. My question is not about the above concept and if it's a good or bad idea, etc., but simply - when would those coins be 'taxable': Only when I transfer to an exchange and trade them? Or immediately when I receive the coins in my wallet. Thanks all Edited December 27, 2021 by RandyMarsh Link to comment Share on other sites More sharing options...
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