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Canada's tax guide in crypto tax 2022

CRYPTOnite

2022-02-15 (08:05:59)

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For Canadian citizens who cashed out any of their crypto assets over 2021, the time to start preparing for crypto taxes is fast approaching. Tax returns can be filed as early as Feb. 28 all the way up to the filing deadline of April 30.

-via Coindesk

When do Canadian's have to pay crypto taxes?

During taxable events like:
Paying for goods and services using cryptocurrency.
Selling crypto assets
Trading one cryptocurrency for another (including swaps, exchanges and peer-to-peer trades)
Cashing out cryptocurrencies into fiat currency
Gifting crypto assets to friends, family or work colleagues

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