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You can check your contribution room through the Canada Revenue Agency using one of these services. Speak to a registered financial advisor or tax professional to learn about investing in your TFSA. If you are not sent tax forms from the exchange or service you use to buy or and sell cryptocurrencies, you are still required to report this income in your taxes. In addition, cryptocurrencies received as payment for goods and services (including as a reward for engaging in cryptocurrency mining) are taxable in the year in which such payments are received.