Can I do crypto mining in Canada? Yes, mining Bitcoin and other cryptocurrencies in Canada is legal and you shouldn’t have much issue when mining across most of the country.
Is mining crypto legal? You may want to look into local regulations where you live, but for now, bitcoin mining is legal in the U.S. and most other countries, but not all U.S. states allow it.
Is crypto mining taxable in Canada? Canadians do not have to pay taxes for buying or holding cryptocurrency. Taxpayers are subject to pay capital gains or business income tax after selling or mining cryptocurrency.
Can the CRA track cryptocurrency? To date, the Canada Revenue Agency treats Bitcoin—and cryptocurrencies generally—as a commodity for income-tax purposes. As a result, the CRA will subject cryptocurrency transactions in Canada to the same rules that it would apply to barter transactions.