buksoCrypto cryptocurrency bitcoin paid in crypto
Not tax advice. General bookkeeping information only, checked against the official sources linked below (Canada Revenue Agency, IRS, provincial governments and Justice Laws) on Oct 17, 2026. Rules change; check with your accountant before you file.
Canada
If your business is paid in cryptocurrency, treat it like a barter sale: include its fair market value in Canadian dollars at the time you receive it as business income (or the value of what you sold, if that is easier to determine), and keep a record of how you valued it. GST/HST registrants work out the tax on the same value.
Official source: canada.ca