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Just wanted to share this...
4 years ago
General
https://nationalpost.com/news/canad.....ra-court-rules
Aunt Anne is commin for your bitcoins folks. Uncle Sam and others are next.
Income gained from "legal investments" is taxed at 50% here in Canada as a capital gain (it adds to your taxable income in whatever bracket)
Your country may be next.
You cant be buying your quad 1500 dollar GPUs anymore from your tax evasion schemes anymore because of your tax hit..
This is why i don't invest at all.... I cant take the income OR tax hi thanks to ODSP rules. Not unless i can COMPLETELY REPLACE my $1100 a month with $2500 to cover my meds and loss of subsidies...
Aunt Anne is commin for your bitcoins folks. Uncle Sam and others are next.
Income gained from "legal investments" is taxed at 50% here in Canada as a capital gain (it adds to your taxable income in whatever bracket)
Your country may be next.
You cant be buying your quad 1500 dollar GPUs anymore from your tax evasion schemes anymore because of your tax hit..
This is why i don't invest at all.... I cant take the income OR tax hi thanks to ODSP rules. Not unless i can COMPLETELY REPLACE my $1100 a month with $2500 to cover my meds and loss of subsidies...
Guess our privacy and shit just keeps on getting fucked, doesn't it? -_-;;;;
I think it was inevitable.
Maybe.