Topic: Taxes in Canada (Read 109 times)
Okay so I can? I’m not a gamer. I have a few small rigs in my house . I’m getting 2 answers here a little. Could I get some clarification? Thanks
Am I able to write off my electric bills and hardware?
What is the rate we have to pay taxes on. Asking for next years taxes as I sold recently
What is the rate we have to pay taxes on. Asking for next years taxes as I sold recently
Yes, in proportion. Dedicated mining rigs 100%, if you game you have to adjust. You can claim electricity, HW,
real estate, maintenance, any expense related to mining. The tax rules for working from home have changed
since covid, YMMV.
But there's more. Mining is treated as income but you can claim capital gains on the crypto after you mined it
until you sold it.
My understanding is just capital gains for hobby miner. Can't write anything off unless a mining business.
Am I able to write off my electric bills and hardware?
What is the rate we have to pay taxes on. Asking for next years taxes as I sold recently
What is the rate we have to pay taxes on. Asking for next years taxes as I sold recently
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