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Binance Tax Report - Canada

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Cryptocoins Exchanges / Binance 288 Views

I just wanna know if we should report the trades and everything we do on binance for tax purpose?

I've read the page on Canada.gov website where they tell how they consider trading crypto as stocks and we should report it as business income or capital gains.

If I have verified my account & have done the KYC, would binance itself report the trades, profits and other details to the government? How are we safe from this sh*t?

submitted by /u/Visual_Charity_2534
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