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RE: MOONSHOT!! Bitcoin in Canada SMASHES past the $4300 mark! | $3300 USD! | Perspective and Optimism in this Post as always. | 8-5-2017
It's already done, any gains or losses made using crypto have to be reported to the CRA
https://www.canada.ca/en/revenue-agency/news/newsroom/fact-sheets/fact-sheets-2013/what-you-should-know-about-digital-currency.html
I'm wondering what to do if you haven't put any money into crypto (such as steem). There is no money trail as no banking institution can verify it.
Not sure how it works for crypto currency that was earned like Steem, the tricky part is when it comes to withdrawals to fiat, if it exceeds a specific amount the bank will report it to CRA and they will ask questions
These are the questions and answers the gubment fears.