Hypothetical questions:
So, cashout 9000$ once a week is OK? Bank won't report that to CRA?
Quadrigacx won't report anything?
If I'll sell BTC for 30 000 and buy a gold for 30 000, without any capital gain, is OK for CRA?
How you guys cashout your crypto without involving CRA?
Thanks
Consistent sums under the FINTRAC reporting threshold will get flagged as suspicious and reported anyways. Assume every $ that enters your bank account will be reported to the CRA.
BTC for Gold would act as a disposition of Crypto for another Asset triggering tax implication.
Crypto to Crypto as it currently stands seems like a Gray area when it comes to the law and tax implications. This area can be exploited to reduce once tax implications I believe.
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