Using Bitcoin in Canada without Capital Gains
Good afternoon everyone, I have an interesting question that I have been wrestling with over and over.
- How do I use Bitcoin in Canada without running into issues with Capital Gains taking a portion of my earnings.
- My struggle is that according to the capital gains laws, an purchase of goods or services with an asset that has appreciated is taxable. So technically you can buy bitcoin tax free through an exchange but as soon as you use it on anything in Canada you "should" be taxed.
- If you have any information or tips or stories please comment below, because I am super curious how people make it work.
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from Bitcoin - The Currency of the Internet https://ift.tt/GEXtqSy
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