CHART: How bitcoin and crypto are taxed across the G7
President-elect Donald Trump has signaled that his administration will take a friendlier approach to bitcoin and cryptocurrency, which may influence the way they are taxed in the US and abroad. In the US, bitcoin and crypto are currently viewed as property. Short-term gains (less than one year) are taxed between 10% and 37%, depending on income. Similarly, long-term bitcoin and crypto gains are taxed between 0% and 20%. US crypto holders may use their capital losses to offset their gains. For most individuals, the tax deadline is the same as for other assets: April 15. Up to the north, Canada taxes just 50% of a casual investor’s capital gains. Tax rates follow Federal Income Tax and Provincial Income Tax, meaning bitcoin and crypto are taxed between 15% to 33% depending on income. Gains may be offset by 50% of capital losses. Click to enlarge. Read more: CHART: How bitcoin and crypto are taxed in the EU Across the pond in the UK, capital gains tax ranges from ...