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As the looming threat of cryptocurrency regulation in the area of securities continues to monopolize the public limelight, little attention by Canadian governmental authorities is being given to the taxation of transactions involving tokens.
As the looming threat of cryptocurrency regulation in the area
of securities continues to monopolize the public limelight, little
attention by Canadian governmental authorities is being given to
the taxation of transactions involving tokens. Yet, the Canadian
government's position is unequivocal: "[t]ax rules apply
to digital currency transactions, including those made with
cryptocurrencies."
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