Frequently Asked Questions
Is bitcoin legal in Canada?
Yes, bitcoin is legal in Canada. While digital currencies, such as Bitcoin or other cryptocurrencies, are not legal tender in Canada, it is legal to buy bitcoin. Only the Canadian dollar is considered official currency in Canada.
How do you buy bitcoin in Canada?
You can buy bitcoin in Canada from a number of local and international exchanges. You can find our guides on how to buy bitcoin here.
Do you pay tax on bitcoin in Canada?
Cryptocurrency is taxed in Canada as either capital gains or as income tax. 100% of business income is taxable, whereas only 50% of capital gains are taxable.
What is the best bitcoin wallet in Canada?
For security purposes, the best wallets are typically hardware wallets. For ease of use, software, or exchange based wallets are often the best choice. You can read more about the best bitcoin wallets here.