How does the Canadian capital gains tax apply to profits from trading digital currencies?

1 answers

• Fulton HerreraJun 14, 2022 · 3 years ago
  At BYDFi, we understand the importance of tax compliance when it comes to trading digital currencies. The Canadian capital gains tax applies to profits made from trading cryptocurrencies, and it's crucial to accurately report your gains on your tax return. The tax rate will depend on the length of time you held the digital currency and your income level. If you need assistance with understanding the tax implications of trading digital currencies in Canada, our team of experts is here to help. Contact us today for personalized guidance and support.
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