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Investors and rental owners
According to the Canada Revenue Agency (CRA), you are considered to be holding a capital gain/loss the moment you sell a capital property. This means that whether you've converted your profit to USD or hold it in a third-party exchange, your capital gain/loss was executed the moment you sold your Crypto for the $100 profit. Even if you don't transfer the profit to your bank account you still must report the capital gain/loss as long as you have right to receive the proceeds of disposition at some point in time. For more information, check out: Canada Revenue Agency - When do you have a capital gain/loss?
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‎April 23, 2022
9:56 AM