[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 30 KB, 852x480, canadaflag.jpg [View same] [iqdb] [saucenao] [google]
19917137 No.19917137 [Reply] [Original]

Any other Canadians in here? What do you use for crypto? Coinbase has too big fees and pro is only USD.

>> No.19917159

I use coinsquare. 1.5% fees on deposits. I can give you a referral link if you want.

>> No.19917170

>>19917159
coinsquare is awful

use shakepay

>> No.19917183

How are you canadian anons avoiding taxes? What if you make it big with Link?

>> No.19917240

>>19917159
referral link would be appreciated

>> No.19917266

>>19917137
shakepay is the best one I have used. It's fast and fees are way lower than cuckbase.

shakepay.me/r/0A0JFOA

>> No.19917292

>>19917266
shakepay has no alts. so nope

>> No.19917355

>>19917240
the damned site doesnt want to give me a referral code for whatever reason. anyway, i use coinsquare, maybe there are better platforms like >>19917170 pointed out

>>19917183
>avoiding taxes
bad idea imo. the CRA will asshammer you if they have any inkling you are avoiding taxes. dont trade too often so they wont consider your crypto to be "business income" and you will only be subject to capital gains tax on 50% of your stack (i.e. if you are in the 40% income tax bracket, you'd only functionally pay 20% on long term capital gains)

>> No.19917380

>>19917292
who even buys alts on on-ramps? You'll eventually have to transfer to an exchange anyway if you want to buy anything outside top 25 coins.

>> No.19917633

>>19917355
just don't fucking declare it losers

>> No.19917697

>>19917355
How to declare taxes if I didn't keep track of all my shitcoin trades? Exchanges like QuadrigaCX are literally gone, among others that have been hacked like cryptopia. There's no way I can make sense out of my trades, then again I never cashed out a single cent

>> No.19917746
File: 138 KB, 497x342, 9B4495A6-0431-40F1-840E-6A12A4A09D75.png [View same] [iqdb] [saucenao] [google]
19917746

>>19917137
>buying crypto in 2017+3
yikes

>> No.19917860

Only use canadian exchanges to cash in and out. Shakepay is the fastest. I would highly recommend shakepay. E transfer to shakepay, buy eth, send to metamask, buy anything on uniswap.

>> No.19917946
File: 25 KB, 550x475, mp,550x550,matte,ffffff,t.jpg [View same] [iqdb] [saucenao] [google]
19917946

>>19917183
by not selling, I have so much unrealized gains but its only income if i decide to sell. And since im not selling i still qualify for CERB.

>> No.19918286

Gemini for cashing out. Everything else is literally shit tier in comparison (coinbase doesnt allow canadians to cash out)

>> No.19918314

>>19917946
Aren't there crypto to crypto taxes in Canada?

>> No.19918356

>>19918314
Only if your a cuck that snitches on yourself

>> No.19918381

>>19918356
At some point you will want to cash out no?

>> No.19918393

>>19917697
this, c2c is taxable in canada wtf are we supposed to do?

>>19917633
this is only viable for poorfags, good luck cashing out high 6 figures or 7 figures like that retard.

>> No.19918449

>>19918393
Honestly I'm betting on a change of law in the future, c2c makes 0 sense.
Imagine a future where crypto is mainstream and people were asked to keep track of all the crypto trades they were doing daily, would be a nightmare.
Example:
Earn BAT watching ads, use BAT to pay for a movie. You can't pay with BAT so it does a swap to ETH or USDC behind the scenes (and you may not even know this depending on the UI). Many more examples like that if crypto becomes mainstream, becomes even more funny if you think of games where teenagers would earn crypto that they can exchange for other game tokens for example, good luck taxing these teenagers

>> No.19919485

localbitcoins you fucking pajeet

>> No.19919505

>>19919485
great choice... if you want to get shot.

>> No.19919668

I use coinberry. similar to shakepay i think. the phone app is decent

>> No.19919683
File: 18 KB, 558x614, 664.jpg [View same] [iqdb] [saucenao] [google]
19919683

>>19918393
>crypto
>cashing out

>> No.19919935

>>19917697
if quadriga is gone who would ever know you hold crypto? youre a ghost

>> No.19921120

>>19918393
You just declare your capital gains best as you can. I used cryptotax.io to do my crypto taxes this year. If the CRA asks me to submit my trade history I have a lovely 40 page PDF document with size 8 font that outlines all my trades since 2017, or most of them Anyway. Quadriga, etherdelta, coinsmarkets, and cryptopia all went defunct on me and thus my trade history for them is gone.

>> No.19921838

>>19919505
You don't have to meet someone, Ive only done the ones where you deposit to their bank account many times and never had an issue. But now shakepay is the easiest by far

>> No.19922041

>>19921120
will they com after you for missing records. I am in the same boat I haven't done taxes in 3 years I am about to get ass hammered aren't I?

>> No.19922260

>>19917355
lol cuck. just swap everything to monero. order gold bars online. sell the gold bars in a gold shop. stay under the flagging amounts. travel around a bit , use alot of shops. lol no taxes. cucks. also don't use kyc exchanges. f retards

>> No.19922410

>>19922260
can you tell me more about buying gold in canada with crypto? which sites are reliable etc. thx

>> No.19922464

>>19918449
>Imagine a future where crypto is mainstream and people were asked to keep track of all the crypto trades they were doing daily, would be a nightmare.

Smart contracts will do all that.

>> No.19922507

>>19917137
I’ve heard good things about Quadringacx

>> No.19922527

>>19922260
i like this

>> No.19922740

Shakepay or Crypto ATMs

>> No.19922794

>>19922041
If you get all your trades together and the sum of the years you didnt declare were a net loss, no. You can also always pay taxes on a zero cost basis, I.e. you treat your capital gains as if you bought for 0$. As long as you make an honest effort to pay your taxes they wont hammer you. You also have three years on which you can go back to make amends. So this year you could have amended your taxes from the 2016 fiscal year.

>> No.19922847

>>19917137
Shakepay -> ETH -> Kleros. That's the post.

>> No.19923210

shakepay and newton are two i use