amelia_harrison_architect
Fri Jun 07 2024
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6 answers
1174
Do Canadians pay tax on crypto?｜Canadians do not have to pay taxes for buying or holding cryptocurrency. Taxpayers are subject to pay capital gains or business income tax after selling or mining cryptocurrency. The percentage of net profits that are taxable depends on whether the Profits are classified as capital gains or business income.
Do Canadians have to pay taxes for owning cryptocurrency? It's often puzzling for many to understand the tax implications of crypto transactions. Could you clarify if Canadians are taxed when purchasing or merely holding digital currencies? Is it only when they sell or mine crypto that they become liable for capital gains or business income tax? And how does the classification of these profits as either capital gains or business income determine the taxable percentage of net profits?
KpopMelody
Fri Jun 07 2024
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5 answers
717
Does Dubai have crypto tax?｜Unlike many countries, Dubai does not impose capital gains or personal income tax on crypto holdings. This means you pay no taxes on your crypto gains and income. Therefore, you can keep a larger portion of your crypto gains , if not all.
Does Dubai levy any taxes on cryptocurrency holdings? It's interesting to know that unlike numerous other nations, Dubai seemingly opts not to enforce taxes on capital gains or personal income derived from crypto assets. Does this indicate that individuals in Dubai enjoy the privilege of being exempted from paying taxes on their crypto profits and income? If so, does this advantage allow crypto investors in Dubai to retain a significantly larger share, perhaps even the entirety, of their crypto gains? It would be intriguing to delve deeper into this tax-friendly approach towards cryptocurrency in Dubai.
Starlight
Fri Mar 29 2024
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5 answers
883
How much capital gains is tax free in Canada?
Excuse me, I am a Canadian citizen and I am interested in investing in cryptocurrencies. I understand that capital gains from certain investments may be taxed, but I am not entirely sure about the specific rules and regulations. Could you please clarify for me how much capital gains are tax-free in Canada? Are there any exceptions or specific circumstances that apply? Thank you for your time and assistance.
