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PARAGRAPHThe blistering rally prompted many investors to invest in the cryptocurrency for the first time, while others who had buyying holding onto their bitcoin for some time took advantage of the token's exploding price to sell some of their holdings for a profit.
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How Do Crypto Taxes Work In Canada? (Everything You Need To Know) - CoinLedgerCrypto is taxed like stocks and other types of property. When you realize a gain after selling or disposing of crypto, you're required to pay taxes on the. Buying or selling cryptocurrency as an investment. Buying cryptocurrency isn't a taxable event by itself. You can choose to buy and hold. Buying crypto with cash and holding it: Just buying and owning crypto isn't taxable on its own. � Donating crypto to a qualified tax-exempt charity or non-profit.
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