The rules regarding declaring monies/rewards received from staking (proof of stake) cryptocurrencies doesn't seem clear to me.
The following CRA guide only refers to mining which is the process of owning/using/managing specialized computers to solve complicated mathematical problems
Staking has staking pool operators (similar to mining, requiring computers aiding in transaction validation). However, I'm referring to investors that provide (delegate) their cryptocurrencies to these staking pool operators; increasing their chances of producing blocks and ultimately the staking rewards shared amongst the various delegators.
How would an investors staking rewards received from a staking pool operator be taxed?
how to declare staking (proof of stake) rewards received (cryptocurrency)
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The rules regarding declaring monies/rewards received from staking (proof of stake) cryptocurrencies doesn't seem clear to me.
The following CRA guide only refers to mining which is the process of owning/using/managing specialized computers to solve complicated mathematical problems
https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/digital-currency/cryptocurrency-guide.html
Staking has staking pool operators (similar to mining, requiring computers aiding in transaction validation). However, I'm referring to investors that provide (delegate) their cryptocurrencies to these staking pool operators; increasing their chances of producing blocks and ultimately the staking rewards shared amongst the various delegators.
How would an investors staking rewards received from a staking pool operator be taxed?