>turn 18
>have never invested in crypto but lurk. Missed the ETH train
>learn about taxes
>you need to pay taxes when you cash out
>more shit i need to learn
>i need to google "progressive tax bracket"
Isn't it much easier to hire an accountant so they can do the tax/paper work?
I'm not even canadian and I know you're wrong. You're getting taxed on 50% of your gains. Meaning 100k gains is equivalent to 50k higher income in terms of tax.
Brainlets like you should stop visiting this board. I recommend twitter and youtube for you.
woah didn't see my digits.
53% on crypto here
only a 17% tax reduction if you lost your money though lmao
fucking kikes i swear, but good thing its pretty easy to launder your money with crypto
It can be expensive if you have a lot of trades, you have to document each one you make for the CRA on your tax return.
ego much
My accountant told me you just need to declare what "you retire as cash".
Do you not understand what gains are you fucking moron?
No, you are retarded and too dumb to use google.
Except he's right you fucking mongoloid.