u/Zestyclose-Space8888

(Canada) How to categorize my crypto transactions between gains and income

I have recently used a tax software (awaken) to reconcile my transactions. I have a few thousand split between nft and memecoin swaps. According to the software it has categorized my transactions between capital gains and business income. Seems the swaps are capital gains and the airdrops and rewards are income. The logic seems to be consistent. Is this a correct way to categorize my crypto for tax purposes?

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u/Zestyclose-Space8888 — 7 hours ago