ARTICLE · 16 JANUARY 2023

Proposed Amendments To GST/HST Rules For Cryptocurrency Mining: What's Covered And What's Not

Rotfleisch & Samulovitch P.C.

Explore more from Rotfleisch & Samulovitch P.C.

In February 2022, Canada's Department of Finance released draft GST/HST legislation covering cryptocurrency mining.

CanadaTax

David Rotfleisch

Author LinkedIn connections

Introduction - Proposed Amendments to GST/HST Rules for Cryptocurrency Mining

In February 2022, Canada's Department of Finance released draft GST/HST legislation covering cryptocurrency mining. The proposed rules will effectively treat cryptocurrency mining as an exempt supply: the cryptocurrency miner need not collect and remit GST/HST on the miner's compensation from mining, but the crypto miner also cannot claim input tax credits (or ITCs) for the expenses relating to the cryptocurrency-mining operation.

These proposals have not yet taken effect. But in anticipation of that possibility, Canadians who deal in cryptocurrency, non-fungible tokens, and other blockchain-based assets should educate themselves about these new potential GST and HST rules.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Related Articles

Elimination Of Existing New Housing Rebate

Canada Introduces New Tax Incentives For Tech: 5 Things Companies Need To Know

2026 Federal Budget: Selected Tax Measures

Blake, Cassels & Graydon LLP

Crypto Losses In Canada: How To Claim Tax Deductions For Hacks, Rug Pulls, Scams, Exchange Insolvencies, And Worthless Tokens From The CRA

Rotfleisch & Samulovitch P.C.

Limits On CRA GST/HST Collections: Canadian GST/HST Tax Lawyer Analysis

Rotfleisch & Samulovitch P.C.

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

Comparative Guide

Tax Disputes

Comparative Guide

Tax

See more popular content from

Tax

The GST/HST New Housing Rebate In 2026: A Complete Guide To Eligibility, Ontario's Enhanced Rebate, And How To Avoid Case Law Traps

If you have signed, or are about to sign, an agreement to buy a newly built home in Ontario, the HST you recover could be anything from nothing to $130,000. The difference usually comes down to a signing date, a price threshold, or whose name is on the purchase agreement, and not to whether you are buying your first home.

Rotfleisch & Samulovitch P.C.

CRA Requirement For Information And Compliance Orders: Why A New Appeals Court Decision Means You Can’t Stall Audits In Canada

If the CRA has served you or your accounting firm with a CRA requirement for information, and you are wondering whether you can refuse it, delay it, or fight it later, the Federal Court of Appeal has now answered that question.

Rotfleisch & Samulovitch P.C.

Cryptocurrency Held Through A Bare Trustee: Tax Treatment And The 2026 Reporting Obligations

If you hold cryptocurrency, NFTs or other blockchain assets in someone else’s wallet, or hold assets in your own wallet for someone else, the arrangement is very likely a bare trust. Until recently, that carried almost no compliance consequence. It now carries three reporting obligations to track: the T3 filing for 2026, the T1135, and the proposed Crypto-Asset Reporting Framework from 2027.

Rotfleisch & Samulovitch P.C.

Canada’s Productivity Mega Deduction: 100% First-year Expensing For A Wide Range Of Capital Assets Is Now On The Table

On September 15, 2026 (“Announcement Day”), the Department of Finance released draft legislative proposals to implement the “Productivity Mega Deduction,” permanent 100% first-year (“immediate”) expensing for a wide range of new or used depreciable property and for Canadian development expenses (“CDE”)...

How To Appeal The Toronto Vacant Home (VHT) Tax: Here’s What One Landlord Did To Fight VHT Assessment

Since 2022, the City of Toronto has imposed an annual Vacant Home Tax (VHT) on residential units left unoccupied for more than six months of the year. For most owners the tax is an afterthought: file the annual declaration, confirm the unit was lived in, and move on. But when the City’s administrative process breaks down, an owner can find themselves fighting a five-figure tax bill over a unit they insist was never vacant at all.

Rotfleisch & Samulovitch P.C.

Canadian Prime Minister Announces ‘Productivity Mega Deduction’

Canada's new Productivity Mega Deduction permanently provides immediate expensing for a wide range of depreciable property and Canadian development expenses, dramatically expanding the scope beyond the previously announced Productivity Super Deduction. The measure aims to reduce Canada's marginal effective tax rate on new business investment to 6.4%, positioning it as the lowest among major economies and less than half the U.S. rate.

Osler, Hoskin & Harcourt LLP

Productivity Mega Deduction: Key Tax Measures Announced At The Canada Investment Summit

Canada has introduced a permanent Productivity Mega Deduction allowing immediate expensing of up to 100% of eligible capital property costs and Canadian development expenses acquired after September 15, 2026. This measure aims to boost business investment and strengthen Canada's tax competitiveness by expanding immediate expensing eligibility from 15% to approximately two-thirds of capital investments, while reducing the country's marginal effective tax rate to 6.4%.

McCarthy Tétrault

CRA Releases Updated CRS Guidance: CRS 2.0 And Other Matters

On July 2, 2026, the Canada Revenue Agency (CRA) published its updated Guidance on the Common Reporting Standard (Updated CRS Guidance).

Borden Ladner Gervais LLP

Québec Sales Tax (QST) On Insurance Premiums: Increase From 9% To 9.975% Effective January 2027

The Québec government enacted Bill 99 on October 28, 2025 (Chapter 27), confirming an increase in the QST rate applicable to insurance premiums.

Dentons Canada LLP

When Is GST/HST Payable On Vehicle Sales? Guidance From A Canadian Tax Lawyer

When a specified motor vehicle is acquired through a private sale (for instance, from an individual who is not registered for GST/HST purposes), the transaction is generally not subject to GST/HST.

Rotfleisch & Samulovitch P.C.