Cryptocurrency Q&A
How much is a Crypto Capital gain taxable in Canada?
How much is a Crypto Capital gain taxable in Canada?
Martino
Sat Feb 22 2025
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7
answers
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I want to know the taxable amount for Crypto Capital gains in Canada. How much do I need to pay in taxes if I make profits from cryptocurrency investments in Canada?
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7 answers
CosmicDreamWhisper
Mon Feb 24 2025
According to the Canada Revenue Agency (CRA), the taxable portion of this gain is half, which equates to $10,001.
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LitecoinLodestar
Mon Feb 24 2025
The federal government imposes a tax rate of 15% on this taxable amount.
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KatanaSharpened
Mon Feb 24 2025
In addition to the federal tax, the Alberta provincial government also levies a tax of 10% on the same $10,001.
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isabella_cole_psychologist
Mon Feb 24 2025
Residents of Alberta, Canada, have specific tax obligations when it comes to cryptocurrency capital gains.
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KatanaBlade
Mon Feb 24 2025
For instance, if a person in Alberta makes a crypto capital gain of $20,000, they are required to pay taxes on a portion of this amount.
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