Crypto Tax Structure
If you hold the crypto for a year or less before selling it, exchanging it, or spending it, then your gains are short term and taxed at your income tax rate. If you hold the crypto for more than a year, then your are taxed the lower capital gains rate, which changes depending on your federal income tax bracket. Watch the video to find out more.
Crypto Tax Structure
The CRA generally treats cryptocurrency like a commodity for purposes of the Income Tax Act. Any income from transactions involving cryptocurrency is generally treated as business income or as a capital gain, depending on the circumstances.
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About Aura
Aura Wright has been featured on “The Chelsea Lately Show,” “Entertainment Tonight,” and others. She was also the columnist for the Yogi Times. She accurately predicted the 2008 housing crisis, as well as the 2019 peak in BTC price. Then she predicted the 2020 BTC low. Other accurate world predictions include; a discussion of a world pandemic in an article posted in 2017.
What is the main focus of our work at this unique time in history? To help people to benefit from the massive financial changes that are currently taking place in the world. One of the best ways to do this is through owning cryptocurrencies like Bitcoin and also with Precious Metals like Silver and Gold.
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