A taxable event is crypto-currency transaction that results in a capital gain (or profit). Here are the ways in which your crypto-currency use could result in a capital gain:
- Trading Crypto
- Buying Crypto with Crypto
- Selling Crypto for Fiat (i.e., USD or CAD)
- Buying items or paying for services rendered with Crypto
The taxation of crypto-currency contains many nuances - there are variations of the aforementioned events that could also result in a taxable event occurring (i.e., trading with coins acquired from a fork/split or buying something with crypto that you received for services rendered).