Is it possible as a Canadian citizen and living in Canada. Taking my crypto and opening up a bank account etc in a crypto friendly country like Portugal that does not have tax on crypto.
Is this possible loop hole in the system of bringing Crypto to FIAT?
Reason I wish to do this is I have a few credit card debt I need to pay off. But want to see if anyway to avoid the tax.
So I was thinking this, what if I used Portugal exchange or bank to sell out crypto into the money Portugal uses. Then take that currency and sell into CAD and avoid some taxes? Thoughts on this? Thanks