GST/HST Notices - Notice 324
June 2025
This version replaces the one dated March 2024. This notice has been updated to clarify the types of arrangements for mining that would be indicative of a person and a mining pool operator not being members of the same mining group for the purposes of section 188.2.
Mining Activities in respect of Cryptoassets
Table of contents of Notice 324
(1) Background
(2) Mining activities in respect of cryptoassets
- What is a cryptoasset?
- What is a mining activity?
(3) Mining activities in respect of cryptoassets section 188.2
- What are the implications for a person that performs a mining activity?
- Collection of tax
- Eligibility for ITCs
- Self-assessments
- What are the implications for a person that provides a mining payment?
- Collection of tax
- Eligibility for ITCs
- What are the implications in circumstances where subsection 188.2(5) applies?
(4) Mining groups and mining group operators
(5) Amendment to the definition of commercial service
(6) Mining activities in respect of cryptoassets prior to February 5, 2022
- Solo miners
- Collection of tax
- ITCs where virtual payment instruments are payable in respect of mining activities
- ITCs in other circumstances
- Self-assessments
- Mining with others
Originally posted on LinkedIn on June 27, 2025
------------------------------
John Oakey
CPA Canada
------------------------------