Cryptocurrency Q&A
Can you gift Bitcoin Canada?
Can you gift Bitcoin Canada?
CryptoWanderer
Tue Dec 17 2024
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6 answers
1350
I'm wondering if it's possible to gift Bitcoin in Canada. I'm thinking of sending some Bitcoin to a friend as a present, but I'm not sure if it's allowed or how to do it properly in Canada.
6 answers
DigitalDynastyQueen
Thu Dec 19 2024
When cryptocurrency is gifted in Canada, it triggers tax implications.
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CryptoVanguard
Thu Dec 19 2024
The CRA holds a specific stance on cryptocurrency.
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Silvia
Thu Dec 19 2024
According to the CRA, cryptocurrency is regarded as a commodity.
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EnchantedSky
Thu Dec 19 2024
This classification is distinct from that of traditional currencies.
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MysticChaser
Wed Dec 18 2024
The act of giving crypto as a gift is treated as a disposal of an asset.
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