Interesting. So far, the Canada Revenue Agency is treating all cryptocurrencies the same as cash.
If you are getting paid in cryptocurrency, it is treated as an income using the exchange rate at the time of disbursement. All gains are treated as capital gains.
That seems feasible for the investors, but for the miners, it's not very pleasing.
I agree - in Switzerland it is also nearly the same. Basically all cryptos are seen as currencies and profits are tax free (as long as you are not a professional trader). But as soon as "earning distribution" comes into play than it is taxable income - also for crypto's.
And I am sure there will be more to come...