Canada: the CRA has characterized cryptocurrency as a commodity, therefore the exchange of it becomes a taxable event as a barter transaction giving rise to either business income (fully taxable) or capital gains (50% taxable)— depending on the facts and circumstances-- measured according to the value of the assets exchanged in Canadian Dollars.

If a cryptocurrency is held as a capital asset (like an investment), then the gain is classified as a capital gain and taxed as such. If the cryptocurrency is situated, deposited or held outside of Canada directly or through funds, taxpayer must adhere to foreign reporting rules.

If an employee receives cryptocurrency as payment for salary or wages, or otherwise in connection with employment, the amount, computed in Canadian dollars, is included in the employee's income. Mining of cryptocurrencies is taxed as either a business or a personal hobby (non-taxable).

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