Is bitcoin taxed in canada? i think I heard it is only taxed when you sell it, and then depends on how much you made. But if you you buy monero or pirate chain with it, can they see that transaction and tax it, do they even know you sold it if you sold it p2p? So if it is taxed, is it based on the value of bitcoin when you bought it as compared when you sold it, and what is the rate you are taxed at? Thanks.