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Thread: Investing in crypto currencies

  1. #91
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    This last month has been a good month for my crypto investments.
    #RAM

  2. #92
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    How are you guys handling taxes? Sounds like the CRA wants a piece of every trade.
    1998 Jeep Cherokee XJ Sport 4x4
    2016 Yamaha FZ-09

  3. #93
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    Quote Originally Posted by Hawx View Post
    How are you guys handling taxes? Sounds like the CRA wants a piece of every trade.
    Have you seen articles about it? Last I heard it was supposed to be considered capital gains.
    #RAM

  4. #94
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    Quote Originally Posted by Dieseldakota View Post
    Have you seen articles about it? Last I heard it was supposed to be considered capital gains.
    I have. As I understand it they want capital gains accounted for with each individual trade not just when you covert back to fiat. That's stupid and a nightmare to track depending on how much trading you do but that's what they want though the laws are still somewhat vague. Also only 50% of capital gains are taxable, not 100%. Unless you day trade so much they consider it business income which is 100%
    1998 Jeep Cherokee XJ Sport 4x4
    2016 Yamaha FZ-09

  5. #95
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    lol
    the CRA can fuck off
    i'm not reporting my crypto's as income.
    Quote Originally Posted by LOLJDM View Post
    Rob with an awesome post as always.

  6. #96
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    Bit of a wild ride these last few days. I didn't sell anything. Wish I could have bought actually but I'm in school for a couple months so I need to be careful with my spending.
    1998 Jeep Cherokee XJ Sport 4x4
    2016 Yamaha FZ-09

  7. #97
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    Quote Originally Posted by Hawx View Post
    Bit of a wild ride these last few days. I didn't sell anything. Wish I could have bought actually but I'm in school for a couple months so I need to be careful with my spending.
    Very wild, loving all these discounted buys! Been accumulating more and more all the way down.

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