The Prime Minister of Canada has proposed a capital gains tax on stocks and cryptocurrencies

Canadian Prime Minister Justin Trudeau has proposed a new capital gains tax that will range from 50% to 67%. According to the Canada Revenue Agency website, common capital properties include villas, securities (such as stocks, bonds, cryptocurrencies and mutual fund trust units), land and buildings. There is no tax on the purchase or holding of cryptocurrencies by taxpayers in Canada. Capital gains or business income from cryptocurrency sales, mining activities or other cryptocurrency-related transactions are taxed. Individual cryptocurrency holders are taxed on 50% of their total capital gains, while professional (day) traders are taxed on 100% of their profits.