(UA) IT/Tech Ukrainians in Canada
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In Canada, a capital transaction typically involves the sale or exchange of a capital asset, which can have implications for capital gains or losses for tax purposes. Capital assets generally include properties like real estate, stocks, bonds, and other investments that are expected to be held longer than one year. The distinction between capital transactions and regular business operations is important for determining how any profits or losses are taxed.
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Here are some examples of transactions that may result in a foreign exchange gain or loss: … You use a foreign currency to make a purchase or a payment;
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www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-12700-capital-gains/completing-schedule-3/bonds-debentures-promissory-notes-other-similar-properties/foreign-currencies.html
