I wake up to a $100,000 Bitcoin price and Justin Trudeau resigning?!?! What an amazing morning already! Canadians finally have a reason to be happy about something! So glad to see the tide turning in the world. I have such high expectations for this year. If we get close to them I think we’ll all be extremely pleased.
Yeah I was happy until I found out Trudeau prorogued parliament until March 24th which prevents a non-confidence vote on his leadership which would have happened soon. These bastards never want to leave once they taste power no matter how unpopular they become.
edit: On a brighter note, they never did get their budget passed that increases the inclusion rate on cap gains to 66.67% up from 50%. Hopefully that dies along with his gov't.
Amen. Poilievre has already stated his opposition to high capital gains taxes. Too bad it won't be until after the tax filing deadline on April 30 before he can win the election and do something about it.
I just paid off the last of my capital gains tax arrears today after 4 years of paying compound interest trying to avoid gutting my Bitcoin stash. Bought the dollars this morning when Bitcoin was at its peak. Indeed it has been a great day so far.
Talking to the taxman assigned to my case, he agreed that taxing capital gains on Bitcoin is like taxing foreign exchange.
Let's hope Poilievre is as serious about lowering capital gains taxes as he is about ending "carbon" taxes.
Glad bitcoin cooperated with you finally! That badger truly dgaf. I can hardly wait until March and I would love to see the carbon tax axed as the first order of new business!