Trade or exchange cryptocurrency including disposing of one cryptocurrency to get another cryptocurrency. 50 of the gains are taxable and added to your income for that year. Cryptocurrency Taxes In Canada Cointracker This means when you dispose of your cryptocurrency by selling it trading it or using it to purchase something youll pay capital gains taxes on any gain youve realized. Do i have to pay taxes on cryptocurrency gains canada . 100 of business income is taxable whereas only 50 of capital gains are taxable. However many countries have tax treaties with Canada to prevent double taxation. Depending on the circumstances crypto may be taxed as income or as property. Any capital losses resulting from the sale can only be offset against capital gains. Investopedia requires writers Do I Have To Pay Taxes On Cryptocurrency Gains Canada to use primary sources to support their work. You cannot use them to reduce income from other sources such as employment income. Y