Best way to learning about blockchain & crypto knowledge for free here 1 questions
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?
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