Anyone from Queerbec knows how taxations work with cryptos?
Je veux pas être pauvre fag toute ma vie
Anyone from Queerbec knows how taxations work with cryptos?
Henry Howard
Brayden King
Tu es né pour un petit pain user
Jaxson Kelly
Zut!
Oliver Taylor
Bordel, élabore
Thomas Cruz
Un petit bump pour mes co-patriots
Thomas Gomez
submit your taxes with a shitload of poutine on the forms and youre good
fuckin poutine canadians
Gabriel Sullivan
Admit you love poutine
Adrian Walker
you pay 80% like a good francophone
Colton Foster
No for real be serious that's not possible
Christopher Bennett
Fuck I hate French. Idiots.
Gavin Wood
Same way as with the rest of Canada - capital gains taxes. The tax rate will be different with different provinces.
Jose Parker
this might not be true
crypto to crypto might fall under barter trading, which requires claiming a gain or a loss on each individual trade, similar to amerifags
dont quote me on this tho, just read this in another thread few days ago
i really fuckin hope its just capital gains at the time of cashing out otherwise im royally fucked cause i have tons of trades on etherdelta and obscure chink exchanges that i cant access
Henry Lopez
Nobody is gonna check that shit, do you think they have the manpower to go through hundreds of alt trades and verify its all correct and that you didnt keep a twenty?
CAD OUT - CAD IN is the simplest way
Cooper Lopez
Can you explain Capital gains taxes for Canada with examples?
I've been searching around forums but it always seems to be a different explanation.
Aaron Morgan
thats what I figure as well
but if I put in 10k and 2 years later cash out 500k for example and just pay the cap gains tax, is it not possible the CRA might audit me down the road? how do they know that the money isnt laundered or drug money?
John Smith
50% of the gains taxed at the individual's tax rate
so 100k gains, 50k is taxed at whatever % your income tax rate is. generally 20-25% at the highest bracket
Jeremiah Young
That's.... actually reasonable to be honest.
I make 54k/Year so If I cashed out 100k, I am taxed 50k with 20-25% (12.5K)?
It's less strict than I thought.
I thought it would be like 30-40% of your gains
Sebastian Johnson
here are income tax brackets for Canadians
Matthew Gonzalez
Fucking hell?
Federal taxes me up to 26% and Provincial 20% just for a mere 54k/year?
I want off this ride
Charles Rivera
welcome to the quasi-socialism that is Canada
Eli Wood
J'ai investi 5K dollars et j'ai maintenant 300K dollars en gain, combien je vais être taxé ?
20-30% sur 300K ???
Josiah Gomez
Dépend justement combien tu fais par année.
Je te dirais de garder un 30% de côté au cas ou.
Le marché Crypto au Québec n'est pas si strict que ça mais au contraire, le gouvernemama semble l'accueillir.