How does the tax treatment of digital currencies differ between Canada and the US?

1 answers

• Sai Nagendra KonakallaJan 17, 2021 · 5 years ago
  As an expert in the field, I can say that the tax treatment of digital currencies in Canada and the US is quite similar. Both countries consider digital currencies as assets subject to capital gains tax. However, the specific tax rates and rules may differ. It is advisable for individuals to consult with a tax professional or accountant to understand the tax implications of their digital currency transactions.
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