Topic: Canadian TFSA (Read 127 times)
TY. I just yesterday pinned down a CPA for 5 minutes and they pretty much said the same thing if its being deposited directly in to the TFSA and you are under 65,000 deposited in the year then don't worry about it. I am currently researching exchanges in Canada or approved ones anyways.
Canada doesn't trust crypto. Banks and investment companies may touch it but only internally. so mined cyrpto isn't considered internal.
Thus my question how to get mined crypto in to a TFSA account without having it being declared capital gains? Legal process is what I am looking for here.
moderators if im in the wrong thread can you just move it? thx
Hey I just answered your question in legal, and decided to see what else you had posted. This is a bit clearer, there is no way. You need to convert to FIAT, but there is no capital gains if you convert it immediately as you receive it. So essentially you want to cash out wherever you buy and sell, then put your FIAT into your TFSA with whatever bank you deal with. There are a few legit sites in Canada to sell your BTC, and some active members on the Currency exchange board but not many.Thus my question how to get mined crypto in to a TFSA account without having it being declared capital gains? Legal process is what I am looking for here.
moderators if im in the wrong thread can you just move it? thx
Best of luck
Canada doesn't trust crypto. Banks and investment companies may touch it but only internally. so mined cyrpto isn't considered internal.
Thus my question how to get mined crypto in to a TFSA account without having it being declared capital gains? Legal process is what I am looking for here.
moderators if im in the wrong thread can you just move it? thx
Thus my question how to get mined crypto in to a TFSA account without having it being declared capital gains? Legal process is what I am looking for here.
moderators if im in the wrong thread can you just move it? thx
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