14 Things About Crypto Tax in Canada That Could Save You Thousands скачать в хорошем качестве

14 Things About Crypto Tax in Canada That Could Save You Thousands

💰 Download any of our FREE eBooks available on our website to learn secret tax tips that will help you save more money on taxes: http://madanca.com/free-tax-secrets/ 📌 Timestamps: 0:00 - Intro 0:36 - Do I get taxed moving crypto to a cold wallet? 0:56 - Buying crypto from a corporation: business income or not? 1:33 - Capital gains vs. business income: CRA criteria 2:35 - Can CRA track swaps on cold wallets like Ledger? 3:09 - Is trading Bitcoin for Ethereum taxable? 3:32 - Does CRA take 50% of crypto profits? 4:07 - Can I get 50% back if I lose money? 4:33 - Do I owe tax on crypto in a TFSA or FHSA? 4:56 - How to minimize crypto taxes in Canada 5:19 - Can I gift cryptocurrency tax-free? 5:32 - What if I never reported crypto trades? 6:25 - Should I set up a holding company for crypto? 6:40 - Are crypto ETFs in a TFSA a good idea? 6:54 - How to report crypto taxes to CRA 7:21 - Outro 🇨🇦 2024 Canada Crypto Tax FAQs: Avoid CRA Surprises & Stay CompliantAre you holding, trading, or investing in crypto in Canada? In this video, CPA Allan Madan answers 14 of the most frequently asked questions about Canadian crypto taxes—so you can avoid costly mistakes and stay on the CRA’s good side. Learn the truth about cold wallets, capital gains, corporate tax implications, gifting crypto, and much more. 📝 Key Questions Answered: Is moving crypto to a cold wallet a taxable event? Should I report crypto trades from 2017 to the CRA? Is trading Bitcoin for Ethereum considered a taxable transaction? How can I reduce or defer taxes on my crypto gains? What’s the difference between business income and capital gains for crypto? Are crypto ETFs in a TFSA tax-free? Should I start a holding company for crypto investing? How does the CRA track crypto transactions and wallets? 📈 What You’ll Learn: How to legally minimize your crypto tax burden How to correctly report crypto profits on your tax return The benefits and risks of using corporations or TFSAs for crypto CRA red flags for frequent traders Voluntary Disclosure Program: your best option if you haven’t filed before Tools to simplify crypto bookkeeping and tax filing 🙋‍♂️ Who Should Watch This Video: Canadian crypto investors and traders Business owners holding or earning income in crypto Individuals wondering how CRA tracks crypto Anyone who has held crypto since 2017 and hasn’t filed Canadians looking to reduce their 2024 tax bill 💡 Takeaway:Canada’s crypto tax laws can be confusing, but understanding your obligations now can help you avoid audits and penalties later. Whether you’re casually investing or trading daily, this video covers everything you need to know to stay compliant—and save money. 👤 About Allan Madan, CPAAllan is a trusted Chartered Professional Accountant and founder of Madan Chartered Accountant. With 20+ years of experience, he specializes in Canadian tax planning for individuals, businesses, and crypto investors. 📞 Contact Us for Personalized Tax Help:Website: https://madanca.com/LinkedIn:   / allan-madan-61b9033   Twitter:   / madan_ca   Facebook:   / madancharteredaccountantinstagram:     / madanaccounting   📢 Disclaimer:This video is for informational purposes only and is not intended to be tax, legal, or financial advice. Please consult with a licensed tax professional regarding your personal situation. Madan Chartered Accountant is not liable for actions taken based on this content. crypto tax Canada 2024, cryptocurrency taxes CRA, how to report crypto gains CRA, crypto FAQs Canada, CRA crypto tax guide, Ledger wallet taxes Canada, crypto cold wallet CRA, Bitcoin tax Canada, Ethereum tax Canada, crypto capital gains Canada, business income vs capital gains CRA, TFSA crypto rules, FHSA crypto rules, crypto tax-free gifts CRA, CRA crypto audit, Koinly Canada review, crypto bookkeeping Canada, CRA crypto disclosure program, voluntary disclosure CRA crypto, holding company for crypto Canada, tax tips for crypto investors Canada, filing T1 Schedule 3 crypto, T2125 crypto income Canada, crypto ETF TFSA CRA, minimizing crypto tax Canada, crypto trading tax Canada, CRA tax forms for crypto, Madan CPA crypto tax, Canadian crypto tax explained