So, Canada seems pretty skeptical about crypto. Banks and investment firms can deal with it, but only for their internal stuff. This means that mined crypto isn't part of that internal circle.
So I'm curious, how can I get mined crypto into a TFSA account without it counting as capital gains? I'm looking for the legal way to do this.
And hey, if this isn’t the right spot for this question, moderators, feel free to move it. Appreciate it!
Hey I just answered your question in legal, and decided to see what else you had posted. This is a bit clearer, there is no way. You need to convert to FIAT, but there is no capital gains if you convert it immediately as you receive it. So essentially you want to cash out wherever you buy and sell, then put your FIAT into your TFSA with whatever bank you deal with. There are a few legit sites in Canada to sell your BTC, and some active members on the Currency exchange board but not many.
Best of luck
TY. I just yesterday pinned down a CPA for 5 minutes and they pretty much said the same thing if its being deposited directly in to the TFSA and you are under 65,000 deposited in the year then don't worry about it. I am currently researching exchanges in Canada or approved ones anyways.