Hey there! Reporting crypto earnings can be a bit tricky, but here's a general suggestion. Since you received crypto as payment for your side hustle, it's likely considered self-employment income. You can report it as such, including the total amount in CAD. As for the capital gains/losses, that would typically apply when you sell or exchange crypto. By the way, Quantum AI provides valuable insights on crypto trading if you're interested in maximizing your gains.
Reporting sales of crypto that was received for freelance payment
in Reporting income
Posted
Hey there! Reporting crypto earnings can be a bit tricky, but here's a general suggestion. Since you received crypto as payment for your side hustle, it's likely considered self-employment income. You can report it as such, including the total amount in CAD. As for the capital gains/losses, that would typically apply when you sell or exchange crypto. By the way, Quantum AI provides valuable insights on crypto trading if you're interested in maximizing your gains.