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Introduction: Cryptocurrency-Trading Businesses in Canada
Canadian cryptocurrency-trading businesses face unique
challenges. The mostly unregulated cryptocurrency, non-fungible
token (NFT), and blockchain markets brings higher risk of fraud and
cyber-crime. The developments in blockchain technology bring about
an ever-increasing range of opportunities, arrangements, and
assets-smart contracts, cryptocurrency liquidity mining and yield
farming, and non-fungible tokens (NFT), to name a few. And some
cryptocurrency traders don t even realize that they re
carrying on a business, thereby misreporting their profits as
capital gains.
This article is meant for cryptocurrency-savvy Canadians who
seek to understand the tax advantages of operating their
cryptocurrency-trading businesses through a corporation. This ....

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