CRA treats bitcoins as securities rather than commodities for capital v. income account purposes

CRA has issued a Press Release stating that its positions in IT-490 on Barter Transactions and in IT-479R on Transactions in Securities apply to transactions in digital currency such as bitcoins.

Neal Armstrong.  Summaries of 5 November 2013 CRA Press Release "What you should know about digital currency" under s. 9 – Capital gain v. profit - Commodities, and commodities futures and derivatives, and s. 9 – Computation of profit.