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Title: Taxes in Canada Post by: waywoos on March 18, 2021, 05:31:22 PM 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 Title: Re: Taxes in Canada Post by: jbillk on March 18, 2021, 06:53:34 PM My understanding is just capital gains for hobby miner. Can't write anything off unless a mining business.
Title: Re: Taxes in Canada Post by: JayDDee on March 18, 2021, 06:57:12 PM 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 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. Title: Re: Taxes in Canada Post by: waywoos on March 18, 2021, 07:22:25 PM 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
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