Post
Topic
Board Legal
Re: Canada CRA Tax capital gains on selling BTC advice
by
I_savor_your_pets
on 25/10/2021, 06:04:43 UTC
Even if you're using a legitimate exchange, the CRA might audit you and ask you to prove certain things, such as where your original investment came from. Be prepared to show records and documents to prove you made all your money legally.

Don't suddenly move $200K money into a bank without consulting with a tax lawyer or account. Don't hesitate to ask them if they've dealt with situations like yours before.