What are the tax regulations for capital gains on digital assets in Canada?

1 answers

• Dec 15, 2021 · 3 years ago
  At BYDFi, we understand the importance of complying with tax regulations for capital gains on digital assets in Canada. It's crucial to keep accurate records of your digital asset transactions and report them correctly on your tax return. Failure to do so can result in penalties and fines. We recommend consulting with a tax professional who specializes in digital assets to ensure you're fully compliant with the tax regulations and taking advantage of any available deductions or exemptions.
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