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 guess that you are talking about capital gains tax. AFAIK, buying Bitcoin/crypto isn't a taxable event. Selling BTC/crypto is a taxable event(if you sold at a higher price than you bought). If you are seeking advice about how to conduct tax evasion, then this forum isn't the right place.
Just find a tax accountant in your country and ask him. The other solution is to just move to another country with liberal tax laws and less taxes, or use offshore companies that are registered in "tax heaven" jurisdictions. I live in a country, where there's no capital gains tax, so I'm pretty much OK with my crypto holdings here. I don't know if this is going to change in the future, though.