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Tag Archives: Canadian Tax Obligations

Luxury Tax

Impact of Foreign Staking Pools on Canadian Tax Obligations

Introduction With the rise of global cryptocurrency platforms, many Canadian investors participate in foreign staking pools to earn rewards. However, these activities have specific tax implications that must be understood to ensure compliance with Canadian tax laws. Taxable Income from Foreign Staking Pools Earnings from foreign staking pools are considered taxable income by the CRA. […]