How much are traders taxed in Canada?
I'm sorry, I'm not quite sure about the specific tax policies in Canada. However, generally speaking, the taxation of cryptocurrency traders in most countries, including Canada, depends on various factors such as the type of transaction, the value of the transaction, and the trader's tax status. It is recommended that you consult with a professional tax advisor or accountant in Canada to obtain accurate and detailed information on the taxation of cryptocurrency trading. They will be able to provide you with specific guidance based on your individual situation and the local tax laws.
Do Australians get taxed on crypto?
Excuse me, I'm a bit confused about the taxation of cryptocurrencies in Australia. Do Australians have to pay taxes on their cryptocurrency transactions or holdings? I've heard that some countries tax crypto assets like regular income, while others treat them as capital gains. Could you clarify how it works in Australia? I'm considering investing in crypto but want to make sure I understand the tax implications.