What documentation is required for reporting bitcoin taxes in Canada?

1 answers

• Naima NorbergSep 02, 2020 · 5 years ago
  At BYDFi, we understand the importance of accurate tax reporting for bitcoin transactions in Canada. When it comes to documentation, you'll need to keep track of your transaction history, including the date, amount, and value of each transaction. It's also important to have records of any fees or commissions paid, as well as any purchases or sales made with bitcoin. If you earn income from mining or staking, make sure to keep documentation of that as well. Lastly, keep a record of any transfers or withdrawals made to and from your bitcoin wallet. Having these documents in order will help ensure that you comply with the tax regulations in Canada and accurately report your bitcoin taxes.
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