ACB for mined transaction [Canadian]

#1

Hi,

I imported my wallet and find that transactions that are mined have an ACB associated with it. I am not sure why that is the case, as I have not paid anything to acquire the amount in the transactions, or, is it some tricks up the sleeves from CoinTracker and between the CRA rules that allows that to enable more Tax Harvesting?

#2

Hi @makubex, thanks for reaching out. Mined transactions are considered payment, as you are being compensated for securing a network - this means in many cases mined coins are taxed as if they were income.

Feel free to use the search bar above to learn more about taxable events & mining