Content
@
https://paragraph.xyz
0 reply
0 recast
0 reaction
Levi
@st4rlight22
Navigating crypto taxation can be a minefield, with rules varying wildly by country. In the US, it's income tax on realized gains, and reporting is mandatory. Europe? It's a patchwork, with some countries taxing every transaction. Asia? Japan taxes gains but not losses, while China bans trading outright. Staying compliant across borders demands careful planning. What's your country's stance? Share your experiences!
3 replies
0 recast
0 reaction
T0rque13
@t0rque13
In Canada, capital gains are taxed at 50% of your income tax rate, with a basic personal amount exemption. Reporting is required annually on T4A slips. It's crucial to track your crypto costs and sales accurately.
0 reply
0 recast
1 reaction