Taxation of Cryptocurrency Trading Explained by Toronto Tax Lawyer

The trading of cryptocurrency may be deemed taxable by the CRA under certain conditions. To know more about how …


  1. Bitcoin price formed a double top pattern near $19,500 then corrected lower, what this indicate is that bitcoin failed again to clear the $19,500 resistance and started a sharp downside correction. There was a break below a major bullish trend line on the hourly chart of the BTC/USD pair and we could also experience more downside in the price of bitcoin. My experience with the money market thought me the safest way to stay afloat in the bitcoin market is to trade daily and accumulate more coins because of the highly volatile nature of the asset. I came to this realisation quick enough and with the aid of vicente sanz through his online courses about the foundational knowledge of trading crypto and his daily trade signals I have been able to accumulate and stack up 8 btc in my portfolio in just three weeks. I urge investors to carry out their due diligence before making any entry because the crypto market is very volatile and this is why I would suggest having an expert such as vicente sanz { WhatsApp (+44 7380 353818) and Telegram (@vicentesanz) } to help you in your trades so as to reduce the risk of losses.

  2. Can you provide any more clarity as to what constitutes a business income vs capital gain for crypto’s? The CRA page seems to make it purposefully vague and discretionary. In what case would a taxable event be constituted as a capital gain for crypto’s?

  3. Ethereum has undergone a strong rally over the past few days amid Bitcoin pushing higher. In the past days, ETH has gained so much momentum, pushing to $530 as of this article’s writing. ETH is expected to push higher as there are fundamental and on-chain trends that favor bull trends. Now's a very good time to build a strong portfolio because cryptos are generally bullish and gaining momentum and there's no time for DCA because the prices of crypto-asset will explode to the moon sooner than we think. What I do is I trade daily with the trade signals from Bryant Miller, having made 4 btc in my first week of copying his trade signals I came to the realization he is one of the best signal providers in the space today and he can be reached on WhatsApp (+125 323 17125 ) and also his telegram (bryantmillertrade). Information is power and I urge investors to carry out their own due diligence but for Bryant, I can attest to the accuracy of his trade signals.

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