Canada has refunded $148 million and $4 million in interest to 30 US companies after scrapping its digital services tax. The move eases trade tensions with the US and may reduce tax pressure on large crypto platforms meeting the revenue thresholds.
Canada has refunded $148 million plus interest to 30 US companies after scrapping its digital services tax. The move ends a contentious policy that affected major tech firms and potentially some crypto platforms, including Coinbase, which previously disclosed a $2 million impact.
Canada taxes crypto capital gains at 50% inclusion rate, while business income is 100% taxable. Holders are exempt from tax on simple purchases and transfers. Losses can be carried forward or back three years. CRA fully tracks blockchain activities.
Canada's crypto tax rules explained: capital gains are only 50% taxable, while business income is fully taxed. Covers taxable events, 2024 federal rates, loss offsets, and CRA tracking capabilities, with market impact analysis.
This guide explains the basics of crypto tax, taxable events, and step-by-step calculation. It provides tax rules for the US, Canada, UK, and Australia, plus a free tool from Crypto.com to simplify reporting.
Based on Crypto.com's guide, this article breaks down cryptocurrency tax rules in the US, Canada, UK, and Australia, covering capital gains tax, income tax, tax-free events, and the impact of tax compliance on the crypto market.
Argentina’s central bank is reportedly drafting rules that would allow commercial banks to offer bitcoin and crypto trading and custody services. If approved, the framework could take effect as early as April 2026, reversing a 2022 ban and reflecting broader global regulatory shifts.
