I think that's a bit of a difficult question to answer at this point in time, because wrapped up in that are policy issues that of course are the prerogative of the Department of Finance. At this point in time, the CRA or the government's position is that bitcoin does not meet the criteria, if you will, to be deemed to be an actual currency. Therefore, it is a commodity like any other commodity with the normal tax rules. The rules we apply to commodity transactions in tax administration are the same rules we apply to bitcoin transactions.
On May 12th, 2015. See this statement in context.