CRA tracking of the cryptocurrency

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I am planning to invest $$ into crypto before the next halving. I know that the gains from crypto are taxed only for 50% of the portion of the gains.

My question is if I were to buy crypto and hold it in a wallet for two tax years would I still need to report the gains every year considering I haven't realized the gains yet?

Second question, If my friend were to buy crypto on an exchange and send it to me in a wallet, Can CRA track the transactions involving wallets? They have started regulating exchanges, do the exchanges report the transactions between them and wallets like metamask? Would sending the crypto from the exchange to the wallet considered a sale?

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philipssonicare6000

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Posted: 1 year ago
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