ShintoMystic
Tue Jun 11 2024
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6 answers
1408
Does Canada tax cryptocurrency?
Does Canada tax cryptocurrency? This is a question that many investors and cryptocurrency enthusiasts in Canada often ponder. Cryptocurrencies, such as Bitcoin and Ethereum, have gained significant popularity in recent years, but their tax treatment remains somewhat ambiguous. Do Canadian authorities consider cryptocurrency transactions taxable events? If so, what are the specific tax rules and regulations that apply to these digital assets? Understanding the tax implications of cryptocurrency is crucial for Canadian investors to ensure compliance with the law and avoid any potential financial penalties.
Silvia
Fri Mar 29 2024
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7 answers
1869
What is the 90 rule in Canada tax?
I'm sorry, I'm a bit confused about the Canadian tax system. Could you please explain what the 90 rule is? I've heard it mentioned a few times, but I'm not sure what it actually means or how it applies to taxes. Is it something that affects all taxpayers, or is it specific to certain situations? Could you give me an example of how it works in practice? I'm trying to understand the Canadian tax system better, and I think this rule might be key to understanding it. Thank you for your help!
