Post
Topic
Board Economics
Re: Canada or USA tax fees on crypto?
by
Sterbens
on 06/07/2021, 11:48:58 UTC
What are the differences between Canada and the U.S for these events.

We all know that a good financial system and political history of respecting individual rights have earned Canada the nickname of one of the Tax Haven countries. This of course cannot be separated from the reputation and stability of the Canadian economy which is unquestionably, making them not have major obstacles in managing the income tax system resulting from the collection of large financial producers and even a low tax rate of 0% and the absence of a tax collection transparency practice. .

while in the US it is still quite controversial, where all have a desire for tax relief that is not too regulated in law that is legal in the eyes of the Federal.

Take a look under US jurisdiction and law having a percentage rate of 0% to 13% of income, so there is a variety of payouts, which is added by giving individuals the freedom to reduce their taxable income using the cost of their personal benefits.