What are the capital gains tax rates for Canadian residents on cryptocurrency investments in 2022?

3 answers

• thebrand paletteJul 28, 2025 · 5 days ago
  As a Canadian resident, the capital gains tax rates on cryptocurrency investments in 2022 will depend on your income bracket. For individuals in the lowest income bracket, the tax rate is 0%. For those in the next income bracket, the tax rate is 15%. Finally, individuals in the highest income bracket will be subject to a tax rate of 20%. It's important to note that these rates apply to the net capital gains realized from cryptocurrency investments after deducting any capital losses. Additionally, there may be exemptions or deductions available, such as the lifetime capital gains exemption for qualified small business shares. It's recommended to consult with a tax professional or refer to the Canada Revenue Agency (CRA) website for more detailed information.
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• scriptoxinJul 03, 2024 · a year ago
  Hey there! If you're a Canadian resident and wondering about the capital gains tax rates on cryptocurrency investments in 2022, I've got you covered. The tax rates vary based on your income bracket. For those with a lower income, the tax rate is 0%. As your income increases, the tax rate goes up to 15% and then 20% for the highest income bracket. Keep in mind that these rates apply to the net capital gains after deducting any capital losses. Oh, and don't forget to check if you qualify for any exemptions or deductions, like the lifetime capital gains exemption for small business shares. Happy investing!
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• Turin NandoMay 31, 2023 · 2 years ago
  According to the latest information, the capital gains tax rates for Canadian residents on cryptocurrency investments in 2022 are as follows: 0% for individuals in the lowest income bracket, 15% for those in the middle income bracket, and 20% for individuals in the highest income bracket. These rates are applied to the net capital gains realized from cryptocurrency investments after deducting any capital losses. It's important to note that tax laws can change, so it's always a good idea to consult with a tax professional or refer to the Canada Revenue Agency (CRA) for the most up-to-date information. If you have any further questions, feel free to ask!
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