Crypto Taxes in Canada EXPLAINED |
So you've been hodling your crypto for a while and this year you've finally sold some and realized some crypto gains...
Hopefully while crypto was at or near an all time high!
Firstly, congrats! Secondly, have you prepared to pay taxes on your crypto?
Crypto is a relatively new asset, and governments around the world classify crypto differently when it comes to taxes, and crypto taxes in Canada are different from other countries like the US.
In this video I'm explaining how crypto taxes in Canada work, when your crypto is taxed, when your crypto is NOT taxed, and how to keep track of your crypto transactions for taxes without the stress, so you can be prepared when tax season comes along -- and AVOID getting hit by an unexpected tax bill.
RESOURCES MENTIONED:
► Koinly: [ Ссылка ]
► Token Tax: [ Ссылка ]
► Shakepay (Get $20 when you sign up 🇨🇦): [ Ссылка ]
► Newton (Get $25 when you sign up🇨🇦): [ Ссылка ]
SAY HI ON SOCIAL:
► Tiktok: [ Ссылка ]
► Twitter: [ Ссылка ]
► Website: [ Ссылка ]
*Some of the links provided here are affiliate links, which means I may earn a small commission when you click at no additional cost to you.
TIMESTAMPS:
0:00 - Intro
1:02 - CRA classification of crypto
1:52 - Capital gains or business income?
2:30 - Ontario example
4:01 - Taxable events
5:02 - What you need to report
6:03 - Crypto tax software
8:19 - Newton
Music from Uppbeat (free for Creators!):
[ Ссылка ]
License code: 2REMTIJIA99BGDFP
#cryptotaxescanada #cryptotaxes #cryptotaxcanada #cracrypto
Crypto Taxes in Canada EXPLAINED!
Теги
crypto taxes canadacrypto taxes canada explainedcrypto taxes canada 2021crypto taxescrypto taxes explainedcra cryptocanada revenue agency cryptopaying crypto taxestaxes on crypto gainspaying taxes on cryptotax on crypto canadacrypto tax canadacrypto taxcalculate crypto tax canadacrypto tax 2021bitcoin taxes canadacrypto trading taxes canadacrypto taxes 2021cryptocurrency taxcrypto tax tipscrypto taxes explained 2021brie kirbyson