Crypto Taxes in Canada EXPLAINED!
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- Опубликовано: 30 июн 2024
- Crypto Taxes in Canada EXPLAINED |
So you've been hodling your crypto for a while and this year you've finally sold some and realized some crypto gains...
Hopefully while crypto was at or near an all time high!
Firstly, congrats! Secondly, have you prepared to pay taxes on your crypto?
Crypto is a relatively new asset, and governments around the world classify crypto differently when it comes to taxes, and crypto taxes in Canada are different from other countries like the US.
In this video I'm explaining how crypto taxes in Canada work, when your crypto is taxed, when your crypto is NOT taxed, and how to keep track of your crypto transactions for taxes without the stress, so you can be prepared when tax season comes along -- and AVOID getting hit by an unexpected tax bill.
RESOURCES MENTIONED:
► Koinly: koinly.io/?via=213D62BD
► Token Tax: tokentax.co/
► Shakepay (Get $20 when you sign up 🇨🇦): shakepay.me/r/BO20065
► Newton (Get $25 when you sign up🇨🇦): web.newton.co/r/EQFECH
SAY HI ON SOCIAL:
► Tiktok: / briekirbyson
► Twitter: / briekirbyson
► Website: www.briekirbyson.com
*Some of the links provided here are affiliate links, which means I may earn a small commission when you click at no additional cost to you.
TIMESTAMPS:
0:00 - Intro
1:02 - CRA classification of crypto
1:52 - Capital gains or business income?
2:30 - Ontario example
4:01 - Taxable events
5:02 - What you need to report
6:03 - Crypto tax software
8:19 - Newton
Music from Uppbeat (free for Creators!):
uppbeat.io/t/mountaineer/fly-...
License code: 2REMTIJIA99BGDFP
#cryptotaxescanada #cryptotaxes #cryptotaxcanada #cracrypto
It's a good idea to plan out your taxes at end of year, especially with crypto, just to make sure you have enough in cash to cover the taxes you owe. Have you taken gains this year or are you hodling?
Im a HODL'r and TBH I got mostly lossages across the board thanks to this bear market. Should I still claim this stuff or just do the regular tax stuff and keep the crypto in the dark?
I'm curious as to this answer as well
What is the best strategy to enter crypto trading now for someone with more or less than $9000
You need a pro or very goodTrader. Someone like Jared Brian Watkins
Jared excels at capitalizing on economic shifts and I have confidence in his trades
Almost gave up due to constant losses, but Jared turned my luck around
roughly 12k now comes in per week
How can I reachhim
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
>>>I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs Karen Charles
@@josephinemanayan4911 Wow I'm just shock you mentioned and recommended Expert Mrs Karen Charles,I thought I'm the only trading with her
@@jocelynbacunawa4740 You don't need to be shock because I'm also a huge beneficiary of expert Mrs Karen
PLEASE SOMEONE SHOULD HELP HERE. I LOST OVER $5000 ON LIVE TRADE. I THOUGHT LIVE TRADE IS THE SAME WITH DEMO TRADE BECAUSE I WAS WINNING WITH MY DEMO ACCOUNT. THIS IS QUITE ANNOYING, WHAT SHOULD I DO PLEASE 🙄🙄
dont trade it.. there's no money in it,,, Mine it
If I am not mistaken, this falls under the business tax. I think you might be able to put it under capital loss.
Time difference, safe to buy bit or eth cuz they will eventually go up but other coin, nah, you just need patience men, don’t do trade as ur main source of income if ur not a professional
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024
I am 65 and have been looking for ways to be successful, please how??
Woah for real? I'm super excited. Sonia christen strategy has normalized winning trades for me also. and it's a huge milestone for me looking back to how it all started
She's on telegrams mostly, using the user name.
@SONIA032...That's it💯
Hey guys, I don't know anything about investment or crypto , and I'm looking forward to invest, any help? Or who can I reach out to?
RUclips has been of great help to many facing challenges of making best decisions on what to invest in, but it's not enough because most people don't understand what they watch. Many need professional aid that offers best plans to better create wealth.
Please how can I reach this Expert Maureen everyone is talking about?
buy pepe on ethereum, brett on basechain and bobo on ethereum.
DO YOU KNOW THAT CRYPTO CURRENCY/ FOREX TRADING IS A BIG CHANCE TO MAKE MONEY NOWADAYS, IF YOU CANT SER DAT AT THUS POINT, ITS TIME TO LEARN MORE ABOUT IT.
I do see it that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
Do you know that most times having knowledge or insight about a particular activity can as well be a pleasing
most people today have been having a. lot of failures in forex and crypto because
experts.
Brilliant !!!, I like you for that.
Crypto currency investment has been the highest currency for trading , I have been trading yet am still having looses. Please can someone recommend a good broker for me, I really need an assistance.
*EVERY FAMILY HAS THAT ONE PERSON WHO WILL BREAK THE FAMILY FINANCIAL STRUGGLE I HOPE I BECOME THE ONE ☺️... IN A FEW WEEKS I WAS ABLE TO PAY OFF MY DEBTS THROUGH INVESTING IN CRYPTO TRADING*
*Assets that can make you rich
Crypto
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it's obvious.
a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to stay poor
The best strategy to use in trading is to trade a professional who understands the market quite well, that way maximum profit is guaranteed. Because I have learned along the way of my investment that research and analysis are important, note that experience is more needed, than luck when it comes to the financial market.
Yeah you're right, most times it amazes me greatly the way I moved fro an average lifestyle to earning over $62k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.
It's has been so difficult for me trading on my own because i have had much losses.Think the real market is manipulated, please can anyone help me out or tell me what I'm doing wrong.
She trades for me too. My first investment with mrs Kathleen gave me profit over $25,576 and ever since then I trade with her and it has been a good turn up
Since i started investing money on crypto currency under Mrs Kathleen's management i invested $5000 and profits is $19,700 every 11 days and i never lost my money on crypto.
Mam Kathleen made a transformations from my investment of $4000 to $12,400 in Just 2 weeks, I'm so excited 😊😊
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@@jessicasam2516
@@jessicasam2516
I'm new to cryptocurrency and I don't understand how it really works. Please can someone guild me on the right approach to investing and making profit from bitcoin trading.
That's true. Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on RUclips
Please how can I reach her. I'm a newbie and know nothing about crypto investment.
Thanks a lot for the recommendation guys and I'm looking forward to earning from my first investment with her
thank you for a very clear and easy to follow explanation!
Glad it was helpful!
Well done Brie👏👏👏. Got so much use from this amazing content. Thank u.💜
Bonjour Brie,
I’m from YUL :)
Great content and helpful tips about the tax issue, will be a new member for watching new more contents. Merci :)
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Thanks! very clear!
For a few months now I have been searching tirelessly for information on how to start investing. I even payed $1000 for a course that I now regret. It appears that there is no structured guidiance for beginners on how to get started in this realm. I've come across several investors making well over $250k/annum and would be grateful if anyone on here could provide insights on how to get started, identify potential stocks, when to make an entry, exit etc.
Keep it simple in the beginning. Buy something, like an index fund, and hold. Educate yourself in the meantime and elevate your risk tolerance over time.
@@minnyf701 In order to make profits from trading you need loads of experience and a well defined strategy, which most traders don't have. If you trade without the proper preparation, you're most likely to lose your money. Identify the buy/sell ratios and identify the market leaders and most importantly.
report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to
@@mosesdanlami2617 People believe their currency has the worth it does because they have no other option. Even in a hyper-inflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
New Subscriber - thank you for the information
Thank you for this!
Appreciate the video!
Awesome! Thank you! :)
This has been a big help.
HelpliNe for more insight🖕
I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
All you need as a beginner to make good profit from cryptocurrency is a professional trader who will trade on your behalf else you may make losses.
Get an expert trader who will trade for you while you receive the profit. That's the best way to make good profit from cryptocurrency
Investment,
How can someone know a professional trader that is trustworthy when legit ones are hard to find this days.
💯💯
@@mohammedleo9812 I will recommend my current trader Mrs Kathleen Susan ,, she is from USA and her strategies are earning a lot of profit for me.
Success is a mindset. Without a successful mindset, you will never be successful. It's crazy how powerful the human attitude is. We have the power to change and shape our entire reality, but a lot of us don't even know it. A lot of us think that we can't control what happens to us and that we can't do anything about the situation we're in. But this is so untrue. So many people have the potential to be so much more and they don't even know it.
Agreed👍💯
I trade as a side hustle while keeping my job. I'm tired of trading in losses myself. I've blown my account twice and it's frustrating. I see people making a living out of trading and I want to do the same. Please I need help can someone teach me how to trade?
the market is profiting if you are using a good broker or account manager to help out with trades or provide signals
I'll recommend Expert Mrs. Pamela Weaver to you. She's the best I've seen. She trades my fx account and makes me good profits 📈weekly
So you guys know her too?... Wow, she made me have my own house and car. She is awesome✨⭐
You know you could work for 40 years to have $1M in your retirement, meanwhile some people are putting thousand of in investment now they are multimillionaires.
I'm new to this crypto and forex trading and I've been making huge loses trading on my own but recently I see alot of people earning from it. can someone please give me a new strategy or at least tell me what I'm doing wrong.
How long does it take to learn and make money after you get going? I might like to try it out in the future.
Investing in stock and crypto is a good idea, a good trading system would put you through many days of success.
Having monitored my portfolio performance which has made a jaw dropping $200k from just the past two quarters alone, I have learned why experience trader's make more success in the market.
@@misu6452 Interesting, that's alot of profit you got there...and I have a lump sum doing absolutely nothing in my bank account, I wanna get something started with it, you seem to be doing excellent for yourself, how do you achieve this?
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?
As a beginner investor, it's essential for you to have a mentor to keep you accountable 🤷. Myself I'm guided by Mrs Melisa Mae , a widely known crypto consultant 💪
No doubts! The strategies and Al auto trading tools she provides for beginners are very helpful, being part of her vip signal channel has really helped me as a stock holder
I've really heard a lot about Mrs Melisa Mae ! How do i connect with her?
after watching so many RUclips tutorial videos about trading was still making losses until Mrs. Melisa Mae started managing my investments now make $10,567 weekly. God bless Mrs Melisa , she has been a blessing to my family.
Investing with expert mrs Melisa Mae has been one of the best step I've ever took in life, may God bless the day i met her.
Great video
Thank you!
New subscriber. You explain well.
New video about taxes please .
Hey Brie great video thanks for it! What do you know about taxing Crypto Nodes?
Not sure, but I think anything you earn from mining counts as income? I'm definitely not an expert on that tho
Awesome thanks
Hey Brie, thanks for making this video. You mentioned that crypto gains/losses can either fall under business income/loss, or capital gain/loss, and that Koinly will generate a Schedule 3 for capital gains. Is this Schedule 3 the same form that we would we use for TurboTax if someone has been day trading (and therefore considered "business income" instead of "capital gains")? If you've covered this in another video then please let me know. Otherwise... this looks like the prelude to a sequel for this video! lol thanks again
I'm not sure. Probably best to consult a cpa on that!
Excellent video, very helpful.
Thank you.
Glad it was helpful!
Hreat video Brie, thank you. Can you claim losses against any possible gains?
Yes, you can. You can carry losses forward as well.
Well done
pls discuss on crypto investment options. thanks
Trying to use Koinly for extensive defi is still brutal...but slightly better
With that conversion fees and ''taxable event'' thingy, it seems pretty annoying to use USDC/USDT to trade then...
Now... Is there a disadvantage to trade crypto for (fiat)CAD on Newton? I'm thinking to use that platform now seeing all the problems i'm getting with 2021 taxes. If i trade (speculation) in and out, is it better to just sell for (fiat)CAD? If not, what is the best way to do it to avoid a huge conversion mess.
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Is it calculated using 1ts in and 1st out sort of way? Meaning, how does it know which portion of your wallet you're selling. A coin purchased 3 years ago would likely be cheaper than a coin purchased today, and if I sell tomorrow the gains are larger on the older coins. How does it keep track at that micro level?
Set up an offshore trust, then create a holding company under the trust. That company runs your crypto business. Unless you receive income from that holding company, you pay 0 tax.
Hello Brie if i use a bot trader in Canada are those trades taxed which would make bot trading shorts a bad idea?? or is that an exchange?(not taxed??)
Do yo report your trades to the cra ? And when ? Do they tell you how much you owe ? Sorry I’m a noob
Can you pay your taxes using crypto? If so, is it considered an "event"? Will it be considered for current or future tax reports?
good question, if you look at it once you exchange it its money, not crypto and you have to pay the tax on that now to so...not a good idea
Money is an issue that everyone has for a better and luxurious life, Life was hard for me until I started trading bitcoin and am now earning $18,435 per week
same here I earn huge weekly profits of $16,443 on my Investment since i started trading with Mrs Miriam S. Klein, her trading strategies are top-notch
wow I'm just shock someone mentioned and recommended expert Mrs Miriam S. Klein
Bitcoin is on its way to the moon, it's time we join the Bitcoin community.
I thought people don't know her
You don't need to be surprised because I'm also a huge beneficiary of expert Mrs Miriam S. Klein trading service
Is there an option for claiming Crypto theft from an online hack? I'm not finding very much info on this. If so, which section on the tax form? Thanks.
Hi I have question, in schedule 3 where to report crypto gain and loss out of 8 catagories given.
Hi Brie, my accountant wants to know the country of origin for all my cryptos. I cant confirm where they reside from. Any help from you?
so my question would be. i buy lets say $10000 in alt coins and hold for a year and i take $10000 and and day trade. Are they both taxed separately? one would be taxed capital gains and the other business or because i traded now its all business?
Hi beauty!!
Why gifting should be taxed? Do you know something about crypto derivatives? Futures are financial contracts and should not be taxed the same as spot markets, I think. What if you just want to buy a stake in stablecoin (not as an investment) and use it to help and send it to family and friends overseas instead?! Thanks for sharing your knowledge.
Peace!!
What would you do if you wanted to let's say buy land with cryptos
You would send to binance and exchange it for tether and then to bank account . And declare it on taxes return ?
OR
from a.BTC ATM at 5 percent or more. (I guess i have to declare it on my taxes return ,?)
And then send it to you bank account and pay the land with that ?
what if you loose money on Crypto, like high amount 6 figure. how does this get reported to CRA and would there be credit on the loss ?
Can you show us where these rules are written in the Canadian tax code?
Is it normal to be taxed on a crypto trading platform in advance prior to releasing you gains? I know with stocks they will withhold from your gain and release immediately.
But do I want the Canadian cra to know that im buying a crypto that may not be available for purchase through a Canadian exchange? What are the implications?
hello please let me know is selling ur crypto for gold like pax gold or physical god a a taxable event in canada ?
thanks
Taxable naturally
If I lost money overall but made money on some coins I don't have to do any taxes right?
What is the grounds to charge tax on crypto?
hi brie i think the affiliate link for koinly isnt right or broke..usually see affiliates name and offer on the landing page but its going to the regular page..could be an issue or just my mistake
Thanks for the heads up! I'll look into it
Your more frequent uploads have made this my go to channel for news with a splash of entertainment at the start.. Keep it up!!! A lot has changed and that's on everything but the truth is I don't even care much about bullish or bearish market anymore because Bryan Anderson got me covered as I am comfortably making 13.1B T C monthly..
He deserves more accolades, just the same way I was going through comments and I saw this. I gave a try and bet something I never regretted.
I have i really enjoyed the opportunity to get to work closely with Bryan Signals in the past few months. you just know your way around the Crypto, market.
If I have invested $5000 in total for day trading and if I have lost everything and just withdrew $500 once then only the $500 is taxable? is that a correct understanding ?
mining and never touched anything. hodled everything. What then? Canada
any Q, just ask plz. Thx
what about staking rewards.
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Wow. Hopefully there will be a better way soon. Cuz all these swaps from one alt to another… jeez.
Rather take the tax bill and deal with it once. All these gas fees and swaps 🤦🏻♂️
If I use defi applications/protocol within phantom wallet as an example, will all that information be available once I link it with koinly?
make sure you check out what chains they are compatible with, these software is not a one stop shop. For example they are not compatible with KCC so it will not display any transactions from KCC
Something I'm not clear on after watching this video is what a "gain" is. I'll explain what I mean with an example. If I buy 10,000 worth of BTC and then sell it for the exact amount I bought it at, did I realize a gain? Or would I not be taxed because I technically did not make anything? I essentially just held BTC and took back out what I put in.
With the limited knowledge I have it sounds like if you "cash Out" you owe capital gains tax... If that is hypothetically the correct answer then it would be literally impossible to realize a profit day trading within only several percentage points. Since buying and selling with the ebb and flow of BTC would each time be taxed at the 40% (I'm rounding for sake of my example). It seems then with this hypothetical that you would have to realize a 41% increase to ever make a profit... and that is hard to come by from what I've seen so far.
... I hope I'm misunderstanding this immensely....
Are crypto loans a taxable event in Canada?
We have to pay tax if I withdraw cash below $14k?
You should only have to pay taxes when you turn the crypto into cash or use it as money (purchase something).
Its honestly thievery.
It’s probably because before people would trade it for a stable coin and avoid the tax. I agree, it’s bs. It’s like trading an apple for an orange.. “oh well then, I’m going to tax you for that swap…”. Like dude, I already paid gas fees and exchange fees.. but oh no.. you dinks want ur pound as well. Legalized mafia is what it is.
I thought about trying Bitcoin loophole it says you can put down a minimum payment off 250& when you sign up
Then it automatically generates everything for you so say if I sign up invest money and the program starts doing its thing a week later i check my account
I made 1000$ I decide I want to put that money into my bank account do I have to pay taxes on that or claim it?
I live in Ontario Canada
What if you’ve lost a lot of money ? Is it considered a capital loss?
government loves to issue when you win how much you owe, but great question, how are they determining loses?
Hey So i received 10 000$ CAD in bitcoin into my Newton wallet but i got the funds from my friends wallet (I sold him a Gaming PC) does this taxable if i didn't buy any crypto or exchanged it into another cryptocurrency ? Can i cashout the 10 000$ bitcoin into E-Transfert ? Do i have to pay taxes ? Thanks alot
6:19 I love the fact that they really know everything:)) 😂
What about when you buy NFT? Is it a taxable event?
Yep, that's a taxable event
@@BrieKirbyson question- you get taxed on selling ETH to acquire the NFT BUT if I dont sold NFT u still get taxed?
@@ohri5931 you will be taxed on "selling" the ETH in order to buy the NFT, however you will not be taxed on the NFT until you trade it or sell it.
anyway to track nft gains through metamask?
Not that I'm aware of unfortunately
I am confused about coin swaps being a taxable event. If I swap $10000 of BTC to ETh, it's taxable say at 20 percent. So $2000 in tax. Say I saw back to ETH again, another $2000 owing. Now continue that pattern 3 more times for a total of a $10000 total tax bill. I cash out my BTC to CAD and pay 12000 in taxes!!!!! WTF
no one says where in the tax forms you file.... this is so annoying. when turbo tax asked me if i had made money in crypto i said "yes" and they never asked how much.... I WANT TO PAY MY TAXES but no one has the next step as to where exactly and what form you need
You'll need to attaching a Schedule 3 capital gains form
Koinly isn't great. It is counting the bitcoin I bought as a profit, even though I have not sold it. I lost a lot of money on other cryptos though so it is odd it is doing this.
Whats better Koinly or Token Tax?
I've heard and read good reviews on both, but I chose Koinly. I guess it depends on what you're looking for. Koinly offers a free plan with essential features, while a paid plan is only 49$ per tax year. It's available in many countries, integrates over 6,000 blockchains, 300+ exchanges, and 70+ wallets and, of course, provides a comprehensive crypto tax reporting service. I was kinda reluctant to use a crypto tax software, but almost all of my friends recommended me this one so I gave in and it's been smooth so far. Plus, every time I come up with a question they surprisingly have a guide or a video with the answers I'm looking for.
If I received crypto from a friend or from shaking my phone ( Shakepay) is that a taxable event?
Yes, should be taxed as income for both
Great channel.. How does a B.C resident or Canadian in general buy XDC
I think someone transferred crypto as 300 canadian dollars from illegally what action will cra take
Will i be sent into jail
Please explain what i will have to face
So even if you haven't withdrawn anything from your binance account and converted it to fiat you still need to pay taxes on that? Isn't that Unrealized profits? What happens if the whole market is down and your investments are down but you haven't sold? It doesn't seem logical to pay taxes on something you haven't realized yet
Not if you're only buying and holding. But if say you traded some BTC for ETH, they consider that as if you had sold BTC and then bought ETH. So you'd pay taxes on the BTC you "sold" if it had gone up in price from when you bought it.
@@BrieKirbyson
I was talking to someone else. I feel like a lot of crypto holders think as long as they don’t remove their crypto and convert it into cash it hasn’t triggered a taxable event. I have no idea why they think this.
What about when you do Binance Futures trading and not just regular buying and trading on exchanges? How do I file for taxes with that ?
Not an expert on this, but here's what Koinly has to say about that: koinly.io/guides/crypto-tax-canada/#crypto-margin-trading-derivatives-and-other-cfds
BTC for $75K by end of this year& Control
of The Currency is already Decentralised And now the China disruption would simply
Decentralise the Mining setup for the better
please do 2 videos... first.. BUYING xdc in Canada and where to store it as ledger doesnt support it... second how to stake xrp, xlm and xdc in Canada
As the economy crisis keep rising, one needs to have different streams of income, a well detailed diversified investment portfolio in the financial markets is needed to survive, as well as secure a profitable investment future! Wondering if viewers here are familiar with Sandra Allen trading strategies
You are right, the market is profiting if you are using really an expert that will analysis and help you trade
I have never made profit from trading before, but expert Sandra Allen gave me clear understanding how it works
Expert Sandra Allen has an intelectual strategy that cuts down losses, I have the best investing with the aid of expert Sandra Allen trading service, she is very friendly .
Forex &crypto trading has really made many people a millionaire today and again people will rarely gonna tell you about this
Is her trading service in Europe?.
How do I find the codes? 🐞
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if someone gave me 10000 dollr worth btc in my wallet and i transfered it to cash then i have to pay tax on 100 percent or 50 percent of the income
A new video for 2023 please ? Or all the same ?
What happens if you sold it at a loss?
Then it would be a capital loss, which can be used to offset your taxable income :)
@@BrieKirbyson So still need to input the loss as a negative in the tax system?
You should make a video on how to avoid paying the CRA taxes on our hard earned gains. They're sending all our money to Ukraine and Philippines, so it's not like they're injecting back into our economy.
I wasted my money on Koinly. It did not work at all.
😔 the whole point of crypto was sticking it to the government.
If i have some crypto like SAITAMA in a small exchange like GATE iO and I convert it to a USDT TETHER and transfer that to another exchange and buy Saitama again. Would I get taxed heavily in the end?
I was thinking to do it that way because if i transfer to Saitama coin from gate io directly to another exchange they cut Billions of coins as fees which is a lot of money. But If i convert it to usdt tether and rebuy on another exchange its only a $1 fee.
My main thing is if i do that will i get taxed heavily?
You'd be triggering a taxable event, but how much you get taxed depends on the gains, i.e. how much has the price of Saitama changed between when you bought it and when you converted it. If the price has gone up a lot, then you'd be paying more in tax
@@BrieKirbyson what if a 1 or 2k investment turned into 10-20 million dollars after a 1- 3 years. How heavy would that be taxed?
Has anyone EVER been busted by the CRA for not paying crypto tax?
Great job
Thanks for watchingⓇ
Send a direct msg right Away
I recommend you to start making million you can contact him on how to start 🖕🏻
Even at this period of lost am still gaining a lot trading with the name above. Am happy am making lots of profits with his help. 'preciate ya
Trading crypto for crypto should not be taxed 😢that's lame
Mrs Clarissa is legit and her method works like magic I keep on earning every single week with her new strategy
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assets that. can make one successful in life
1 crypto
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You are right
but I don't know why people remain poor due to ignorance
but I don't know why people remain poor due to ignorance
Please I need help, I lost tons of money on live trade, I thought is the same as demo trade because I was winning in my demo account. This is really frustrating and overwhelming. where do I start please?