Taxation of Cryptocurrency
The volatility of cryptocurrency is well-known. Holding assets such as Bitcoin can result in huge gains in value over a relatively short duration. It can also result in huge losses.
As the holding of cryptocurrency is becoming more common, thoughts have turned to how such assets are treated from a tax perspective.
TFSA Lifetime Limit
The Tax Free Savings Account (TFSA) rules allow you to invest a substantial amount of money in a TFSA. All interest, dividends and capital gains earned in the account are tax-free.
