Post
Topic
Board Bitcoin Discussion
Re: BTC Investing To Now Taxable Events
by
YUriy1991
on 26/04/2024, 13:41:53 UTC
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

I think the approach is simple because every country wants income from all fronts including the most in the lyrics now. Well. It's simple, if you don't want to deal with the name, tax, just ignore it if your exchange asks to complete the data. It's just that exchanges sometimes make deductions in usually every transaction we make whether you are trading, staking or other always triggers a tax event and that applies if someone's investment is considered to be making a profit.