Jump to content

how to declare staking (proof of stake) rewards received (cryptocurrency)


Recommended Posts

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?

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...