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RE: Do you have questions about about crypto and taxes? I know a lot of people (including ...
Thanks for the tips, great job as always! I dont make enough and do not pay taxes where I live, i mean it has to actually be considered a currency in order to be taxed.
That’s a good point about different countries - in my interview, we will be primarily talking about US tax laws.
Awesome! I am still surprised that can tax a "crypto currency" that isnt a actual currency, lol! This is what I read, and how they try to collect it in Canada: "According to the CRA, tax rules apply to digital currency transactions, including those made with cryptocurrencies. ... For most Canadians, this would mean reporting it on your personal return, claiming it as a capital gain, 50 per cent of which would be taxable."
So it is treated as a "Commodity" instead of currency.
Otherwise there is currently no taxes for buying or holding cryptocurrency in Canada.