>"As well, if someone used Bitcoin to purchase another cryptocurrency, such as Ethereum, he or she would be considered to have sold the Bitcoin for its value in Canadian dollars at the time of the transaction, said Elgar."
I guess they won't mind if I pay the taxes in Doge then?
Asher Bennett
You didn't think the openly marxist plutocrats would actually let you keep your money, did you user?
Julian Fisher
PAY
YOUR
TAXES
Levi Hill
when you get ass raped by the taxman, you win :^)
Easton Wood
>>"As well, if someone used Bitcoin to purchase another cryptocurrency, such as Ethereum, he or she would be considered to have sold the Bitcoin for its value in Canadian dollars at the time of the transaction, said Elgar."
this is bullshit
Blake Carter
Fuck
Luis Butler
How can they even claim this.
Chase Young
You retards. Actually taking 4chans advice on taxes. Go to h&r and ask them about it. You cannot LOSE money on taxes. You'll never have less than you started with and stupid articles like this and bad quotes make it sound like you can. You can't.
Josiah Miller
Because it's considered a commodity. If you trade a commodity for a commodity when the FMV is increased, then you realized a gain. Other wise people who bought crypto for really cheap can just not cash out and buy houses and lambos tax free.
