HOW THE FUCK DO I TRADE CRYPTO IN CANADA
Crypto Canada
Isaiah Lee
Other urls found in this thread:
web.newton.co
shakepay.me
canada.ca
shakepay.me
youtu.be
cointelegraph.com
youtu.be
youtu.be
youtu.be
twitter.com
Noah Hill
Buy coins on Shakepay with Interac etransfer. That's that. But remember: every single trade is taxable, so keep track of it all somehow from the start of it'll be a huge pain in the ass later. The CRA won't know you're trading crypto....until you try cashing out, so stay compliant.
Noah Lee
Very easily.....??
Eli Thomas
Oh and if you do anything other than buy once and hold it'll count as income instead of capital gains so you'll pay tax on the full amount. Even if you buy and hold, the CRA might view it as "adventure in the nature of trade" and therefore fully taxable instead of the capital gains usual 50%.
John Miller
fiat exchanges:
web.newton.co
shakepay.me
rest are trash. once you change your nuck bucks in you can go on other exchanges like binance or bitmex
Austin Moore
Kracken you can do bank wire transfers. Limit 100k
Coinberry you can do e-transfers limit 4k (daily)
Coinbase has a 1k weekly limit to buy with.
This is how you fund. I usually buy Eth or btc and use that to trade for alts in binance and the other exchanges.
Jace Gonzalez
I used coinberry since shake pay was down yesterday is this based?
Christian Thomas
You think they would do analysis on my wallet from shakepay? I made a $40 profit swinging linkies, otherwise I haven't traded anything. You think they'd come after someone over pennies? I'm focusing on just buying dips and accumulating different tokens for now, and I dont plan on cashing out for years if at all
Charles Jenkins
In Canada, what in your opinion is the max/month to cash out without declaring it and without too much risks? 1000$?
Elijah Taylor
I've been writing down the money I've been putting into coinberry in a notebook. Is there something I can read that goes into detail with all the tax stuff?
Jaxon Brown
canada.ca
This is where to start. As long as you've kept a record of everything it's all good. If you have a large volume of trades there are various sites that can help with that (they read your wallets and exchanges via API and figure out each transaction's taxes), like Koinly.io. What you don't want to do is lie on your taxes, if you said you made no gains in a given year because you never cashed out, but then cash out in a future year...well, you'll have to make corrections to the earlier years' taxes, and that can carry with it fines and interest if it's any sizable amount owed.
Jordan Brown
Shakepay is the way to go in Canada. Even went there in person in Montreal, it's one of the few jew-free place, in a jew city. Kind of based.
shakepay.me
Hunter Wilson
i've used shakepay once fees are a ripoff
newton is a dealer but their rates are better and you don't have to worry about slippage; check it out it's the exact same rates as crypto.com so I think it's very competitive.
i've used quadriga, coinsquare, and coinsmart in the past.
Levi Long
jesus and here i thought burgers were the most cucked country lel
>tax for holding lel
Sebastian Collins
Imagine enjoying that shitty ass flick.
Brandon Davis
Thanks brother, I've just been keeping track of the money that leaves my bank account should I include trading coins and appreciation?
Jonathan Rogers
CRA will try to collect
the cunt tree will be collapsing by the time all the rent seekers in the bureaucracy figure it out:
youtu.be
America will take over Canada and then Mexico shortly after
welcome to the North American Union
The (((CRA))) will have to arrest me and still I won't give them any crytpo. I refuse to fund state enforced sodomy and Christian/Jewish genocide. I refuse to pay taxes to nazi hitler
Nathan Cox
I hear QuadrigaCX is a very reputable exchange.
Jacob Morales
that’s fine stay in stable coins
Oliver Green
>I hear QuadrigaCX is a very reputable exchange.
lol
cointelegraph.com
I even used them at the time
however, I'm not a retard and never stored anything on their exchange
Carter Williams
I heard they literally mailed envelopes full of cash to users who withdrew fiat from them. Honestly pretty based
Gabriel Brown
>that’s fine stay in stable coins
move out of urban and sub-urban areas
luckily the population in canada is small, so we have good odds of moving into the countryside and waiting for this all to burn
grocery stores will be closed
bread lines will be a normalcy
women will be selling themselves to feed their children
gangs will be roaming around looking to loot and steal whatever they can get their hands on
I have government agencies and institutions as clients and even they are 6+ months late to pay out our invoices
we are witnessing the collapse of yugoslavia now on a worldwide scale
there will be rolling blackouts and internet outages
there will be rations and welfare dolled out
shipping lanes will be cut off
Canada is too small of a population to justify the level of bureaucracy we live under
currently I have 4 levels of government sitting on my neck:
-municipal
-regional
-provincial
-federal
all four levels are failing and collapsing before our eyes
this was long overdue
you wouldn't believe the amount of grifting and outright fraud and lack of productivity in these bureaucracy's
Hudson Barnes
>Canada is too small of a population to justify the level of bureaucracy we live under
>currently I have 4 levels of government sitting on my neck:
-municipal
-regional
-provincial
-federal
this will all be merged into the North American Union
>America will take over Canada and then Mexico shortly after
>The (((CRA))) will have to arrest me and still I won't give them any crytpo. I refuse to fund state enforced sodomy and Christian/Jewish genocide. I refuse to pay taxes to nazi hitler
youtu.be
youtu.be
>pic related
your canadian tax dollars will go into funding justin trudeau's private island
Cooper King
>pic related
>your canadian tax dollars will go into funding justin trudeau's private island
I'm not joking
Adam Phillips
lol ik I just want my money up
Carter Jenkins
>I just want my money up
cheggged
>we are witnessing the collapse of yugoslavia now on a worldwide scale
youtu.be
study the collapse of yugoslavia and prepare accordingly
Carter Scott
I don’t mind paying some taxes, but Canada actually steals from their citizens through ridiculous taxes so they can give it away to their friends and family while never improving the country. Fuck everybody in Canada is too busy complaining about trump instead of seeing the real crook who’s destroying their own country.
Jackson Perez
>Canada actually steals from their citizens through ridiculous taxes so they can give it away to their friends and family while never improving the country
state enforced sodomy/pedophilia/cannibalism
>pic related
Julian Ross
Canadian politics is just spectating American politics so I'm not reading all that I'm making my money
Hudson Rogers
>state enforced sodomy/pedophilia/cannibalism
and CSIS spies on us for posting on Zig Forums (youtu.be
meanwhile:
>pic related
Anthony Jones
tru
Christian Walker
>no gun loicense to go hunting
>maybe a month or two's worth of food
i got crypto though. i'm screwed in a collapse.
Jason Gonzalez
No problem! Trading a coin is a taxable event (e.g buying ETH with your BTC, or buying LINK with your ETH). I do strongly recommend using a site like Koinly to keep track of that, since you have to know the equivalent in CAD value of each asset when they were traded and whether that constitutes a profit or loss based on that one trade, and that sort of historical information can be a real pain to keep track of so it's nice for all of it to be automated. The CRA won't ask for details, they'll just want your net profit/loss or whatever, but it's still good to have a full record if you were ever god forbid audited (very unlikely! but it can happen).