Question on BTC and other cryptos
This is from being in Canada.
I was wondering if there is a way to further invest with my BTC and other cryptos without and being in legal terms. As in ways that would not be considered a taxable event.
I know crypto to fiat and doing trades now is consider taxable.
Even staking?
What other ways can I further invest with my cryptos without it being a taxable event? Thanks
Move from centralized exchanges to decentralized exchanges. That might help you in trading. But for crypto to fiat trading, I don't think you have any options available.
If you volume is huge, you may consider setting up a company in crypto tax heavens and you can transfer funds from that company to your Canadian account as profit. But I am not sure how the local law works. You may want to get more clarity from a local lawyer.