Just 2.5x'd XLM

just 2.5x'd XLM

Best way to cash out for canadafags?

Toronto here, actually having trouble finding anywhere decent other than the localbitcoins private vendors who'll go btc > paypal. Some of these service sites are fucking robbing you with fees for btc > paypal.

why cash out when it will go way, way higher in the coming months? please dont be foolish about this

Quadrigacx ya cucks, they got good rates.

You'll get taxed 60% of it though

Says who?

Transfer ETH to Coinsquare and exchange for CAD..

That’s not how our tax works.

why cash out now??? wait til its at least $#3

what are rates like? I'm pulling out 80K CAD

Pretty sure cashing out anything counts as your income and you will get taxed for it

I'm still in XLM RN but I'm cashing out the absolute second I see a dip. Just wanna be ready to go you feel me?

ehh.... are you sure? Sometimes even coinbase has a better rate

No it isnt. 50% of the profit gets taxed as capital gains at whatever your tax bracket rate is

Yes but it’s capital gains, which only applies to half the total (the other half is tax free), and so that taxed half is at your income tax rate.

Coinsquare or quadrigacx is the best Canadian ways to cash out

Only fools cash out.

Use SALT Lending and get a loan.

does long term capital gains apply to us or only burgers?

Burgers only as far as i know

You can't even cash out on Coinbase with CAD

Quadrigacx BOI

> at whatever your tax bracket rate is

Thank god I'm a neet student that works under the table (freelance coder)

Thanks was baiting answers out cause I'm too lazy to look it up myself

>tfw still waiting to get verified 3 weeks later

TWAS MERELY PRETENDING

me too was afraid i would get raped on my taxes I have not withdrawn any money yet

I do that too, no worries.

Canada actually has pretty nice capital gains laws.