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![belizardd Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1485245285924282369.png) defizard [@belizardd](/creator/twitter/belizardd) on x 61.1K followers
Created: 2025-07-16 09:00:45 UTC

III. Canada

- Crypto is viewed as a commodity and subject to Capital Gains Tax or Income Tax
- It all depends on whether you're an individual investor or earning business income
- For investors, only half of any capital gain from disposing of crypto is subject to tax
- Disposals of crypto include selling, swapping, spending, and gifting crypto
- Earning crypto, like staking or mining rewards, may be subject to Income Tax
- Buying crypto with $CAD, holding crypto, and transferring crypto is tax free
- You'll pay up to XX% in Federal Income Tax on crypto, plus State Income Tax
- You must use the Adjusted Cost Basis method when calculating crypto gains and the Superficial Loss Rule applies

![](https://pbs.twimg.com/media/Gv96fh9bMAAgWfV.png)

XXX engagements

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**Related Topics**
[mining](/topic/mining)
[staking](/topic/staking)
[gifting](/topic/gifting)
[investment](/topic/investment)
[capital gains](/topic/capital-gains)
[tax bracket](/topic/tax-bracket)
[canada](/topic/canada)

[Post Link](https://x.com/belizardd/status/1945408248607293848)