Capital gains taxes, CANADA

According to the government's website, you are only taxed 50% of your gains. Then, depending on your income bracket rate, you are taxed on that 50%.
So if you're a neet with 12k of income, you are taxed 0% of all capital gains, right? Am I reading this correctly? Seems too good to be true.

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>only taxed 50% of your gains
>only taxed 50%
>only

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if your primary source of income is trading then you will be taxed on the entire gains

sorry NEET, you can't escape the tax man

USA taxes 100% of your gains

this girl is disgustingly fat

Sauce OP

Here’s your (you)

So what if you are OP but instead have no income and take out 12k of crypto, since the rate is 0% are you taxed?

you probably weigh 900lbs too. look at this bitches belly button. you could put a pizza in that shit.

>12k income
>Seems to got to be true
Imagine being this excited to be poor

Ok. But it's possible to only cashout the minimum to not be taxed at all ? I could report only enough to be in the bottom tax bracket to not pay anything ?

too good*

Kys faggot

get your test levels checked mate

I thought I could cashout hundreds of thousands in link gains but pay no taxes since i'm still a student but my plan got fucked

low test S O Y boy detected

i got a raging boner just by looking at this pic

also sauce pls

Could I get an actual answer on this? I'm generally curious.What if I held Chainlink for over a year and obviously didn't day trade this?

Can someone confirm it alligns with what OP was saying?
t. currently a student with +250k LINK

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she definitely aint fuckin wit no wyteboi

Correct. 50% of your NET gains count as income and are subject to taxation, the rest don't. This only applies to your trading account though, not your TFSA. If you fall below the lowest income bracket, you won't be taxed on that income then. Moreover, losses can be written off to lower your tax obligation too.

HOWEVER, if you want to pay no tax at all, ever, use your TFSA to trade. Yes it has a contribution limit but you keep everything.

t. sold my YANG shares and made $1,200 USD today.

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Us skeletons like all kinds, even heavier girls.

If you're in the 30% tax bracket then 50% of your gains are taxed at 30%. So 15% overall.

nigger detected

i like petitie girls, doesn't mean im low test. this girls tits will be sagging on the floor along with her stomach by 30.

fat girls are no fun. i like a girl to ride me without being crushed.

U fascist pig. Racist, sexist transphobic white male. How dare u comment on our existence. U and ur white privilege have no say in this debate. U should be ashamed of even thinking u have a right to dictate our livelihood. ChainLink is the LBGTQXFRGB coin. U should honestly donate your coins to someone underprivileged. U owning any is just continuing the oppression on us by u deplorables! It was Her turn.

Black girls will never be this attractive. It's impossible.

And she is probably not a virgin. Disgusting.

>only taxed 50%

TAX FREE AFTER A YEAR
Herrenmensch reporting in

>this girls tits will be sagging on the floor along with her stomach by 30.

no ones asking you to marry her

You’re going to pay a capital gains tax no matter what.

Say you bought your link at $0.10($25,000) and sold for $1.00($250,000) that’s a capital gain of $225,000. If you haven’t made any trades within that year then you’d be paying between 10%-20% of the $225,000 to the IRS.

I thought California was suffering

fat girls sweat when they try to wrap their hams around you and have nasty pussy taste too.

I’m talking about the Canadian government and the CRA taxation. It’s different than the US system.

Fuck off Ahmed. I can see why you don't like ham.

My bad I didn’t see Canada in the title.

im white as fuck. you are one of below:
>a nigger
>a fatass
>retarded

my dream is to fuck a slut with a body exactly like that. don't give a fuck what any gay autist says.

Sauce pls user

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