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2021-02-01 04:36 27308937 Canada Thread (Canada.png 1200x600 470kB)
Canada Thread /biz/ I wanted to share this to my fellow leafs and sound the alarms. What are your plans for monday? What will you do with your finances? Place your bets! https://www.youtube.com/watch?v=HAK etLKjCP8

7 min later 27309559 Anonymous
Pay for Trudeau's next vacation

25 min later 27310960 Anonymous
>>27308937 Im buying 3 kg of silver and a bunch of junk silver and gold coins. Fuck jews and hedgies!

29 min later 27311284 Anonymous
Check upon GME. Buy some LTO, fill out my CERB application, chill.

30 min later 27311307 Anonymous
>>27308937 >>27309559 Who the fuck is making money when we have a ridiculous 50% cg tax in ontario. People who support this are fucked in the head, no wonder people who bring value leave in droves

30 min later 27311356 Anonymous
>>27308937 I never thought I'd miss Stephen Harper but here I am.

32 min later 27311499 Anonymous
>>27311307 That's why I trade through my TFSA. Sure there's a limit to how much you can put in, but no limit to how much you can profit. Just don't daytrade lol

34 min later 27311614 Anonymous
>>27311307 CG isn't 50% of total. Say you make 1000 gains. Only 500 is taxable and not all of that is taxed (subjected to marginal tax rates) and then there are tax credits and all sort of other things to take into account. Also the CRA is operating at 10% capacity because of corona and doesn't even go after people for back taxes for years. I have no fucking idea why you people don't just into monero and go lose your keys in a boating accident.

34 min later 27311648 Anonymous
>>27311284 is cerb happening again or did you just not collect?

38 min later 27311993 Anonymous
>>27311614 Why is the CRA so mysterious and vague? What is it that makes regular Canadians spooked? Everytime I would hear about a scare story on the news, it would just be a phonecall scam. How come they never got around fixing those CRA scams at all? Even BTC ATMS have to warn people not to fall for CRA scams.

39 min later 27312033 Anonymous
>>27311307 >>27311614 This CG taxes aren't 50%, You report 50% of your capital gains and then that reported amount then gets added to your income and that determines your tax bracket for income tax. just don't cash out your gains all at once and you'll be fine.

39 min later 27312034 Anonymous (vamploli.jpg 600x315 66kB)
Also if you make it why the fuck are any of you living all the way over in Canada instead of Monaco or Belize? You country is about to collapse with the west definitely seceding. Did you niggers even see how much your M0 skyrocketed since the inception of the central bank? Absolutely hyperinflation tier.

42 min later 27312275 Anonymous
>>27311993 Hoping to scare you into coughing everything up without any effort on their part. CRA doesn't even say anything about staking specifically only mining. Then they say shit like "oh lol well it's taxed as CG if you only do it as a hobby". Like fuck off. If you don't get a tax form and you don't deposit into a bank account or transfer gains into CEX then who cares?

46 min later 27312663 Anonymous
>>27311499 >Just don't daytrade lol Just don't use CEX

47 min later 27312742 Anonymous
>>27308937 Did canada do huge bail outs like the US and if so how fuck is your maple bucks?

48 min later 27312757 Anonymous
>>27311356 Bruh I feel you so much (not even Albertan) >>27311499 Same bruh, those GME gains gon be nice in the TFSA. >>27311648 Its not CERB, has another name and is 10% taxed before being deposited, cant remember the name (you still get 1800$/month but gotta apply every two weeks). >>27312034 Canadas addicted to low interests cuz it makes the real estate sector booming, boomers are happy & stuff. That + Trudeau spending like theres no tomorrow = austerity in the next 10 years

52 min later 27313062 Anonymous
>>27312033 I am the only leaf I know who pays his taxes. It's kind of incredible.

52 min later 27313077 Anonymous
I'm picking up at least 12 shares of AMC tomorrow and some other stuff. Also couldn't I dump my stock earnings into my TFSA as soon as cash them?

53 min later 27313206 Anonymous (Screenshot_139.jpg 786x462 50kB)
>>27312742

55 min later 27313321 Anonymous
>>27313206 Most of that is temporary, it will be bought back and destroyed

59 min later 27313643 Anonymous
>>27313206 CERB into crypto and silver, it's that easy

1 hours later 27313744 Anonymous (pirate.jpg 1280x720 76kB)
>>27313062 Well you probably won't have to come next tax season with the direction the world is heading. Btw I know some leafs will take exception to this (because it's a fucking npc cuck country) but taxation is what's keeping us all from a type 2 civilization, especially capital gains tax which discourages capital accumulation and efficient allocation same way a tax on alcohol and cigs do. Income tax is highway robbery and property tax reinforces that you're just a serf of the state. Consumption tax is rape of the middle class as well. Social construct is fake and gay not long refuted after the enlightenment era and tax money goes into corrupt embezzlement schemes and the companies of political families even on a local level overpaying for shit and neglecting services and fixed capital for expensive furniture in administrative offices.

1 hours later 27313953 Anonymous
>>27312742 CERB raped out economy because "scouts honur" doesn't exist. we are basically double what we were in 2008.

1 hours later 27313977 Anonymous
>>27313321 ...really? >>27312663 what's wrong with CEX?

1 hours later 27314010 Anonymous
>>27313321 i dont think so.....they never do that they just put it in a program somewhere or it ends up with a bank somewhere

1 hours later 27314057 Anonymous
>>27313321 LOL history shows that's not how government works. And your finance minister definitely doesn't want that money sitting in bank reserves.

1 hours later 27314134 Anonymous (1611711482865.png 502x501 130kB)
>>27313744 Whats your advice anon? Leave the country alltogether?

1 hours later 27314242 Anonymous
>>27313977 KYC and Fintrac for starters. Shouldn't really be asking that question after seeing what happened with Robin Hood. CEXs also conviniently go down all the time whenever crypto markets get crazy not letting people login or withdraw funds.

1 hours later 27314334 Anonymous (affirmative.png 771x804 211kB)
>>27314134

1 hours later 27314445 Anonymous
>>27308937 Real Canadians hold Asian golden bull coins like BoringDAO.

1 hours later 27314501 Anonymous
>>27313062 CRA is fucking dumb. As long as everything is plausible they won't do shit to you. This one lawyer I know yelled at one of the CRA people on the phone because of some bullshit with self income and then the CRA came and audited him for the next 3 years. Shut his office down and everything while they did it too.

1 hours later 27314805 Anonymous (1479860645198 (2).jpg 253x293 22kB)
>not having your money in a Tfsa Just why?

1 hours later 27314953 Anonymous
>>27314501 I always tell the cra guys they have to come to me so that I can confirm they are legit

1 hours later 27315138 Anonymous
>>27314501 Like I said I knew a couple people with back taxes in the 5-6 figure range and in debt with nice cars and the CRA still hasn't come after them. It blows my mind. They're definitely not going to do shit for awhile being crippled by corona and dealing with the insane backlog ever growing.

1 hours later 27315363 Anonymous
>>27314953 >hey guys can you drive down this hidden bumpy road through the woods on a desolate mountain hundred miles away from your office? Thanks please try not to get lost on the way best scenario

1 hours later 27315464 Anonymous
>>27315138 my mom hasn't did her taxes in 15 years. all self income and she tells herself her revenue = expenses so no taxes lmao. fuck this country some times. she even called them once and they sent her forms for her to do them but nothing since.

1 hours later 27315496 0x62199827AC6a54C70B9992E8b813319c712a83EA
>>27308937 I can’t afford steaks anymore. So I’m hoping crypto will help me eat food

1 hours later 27315573 Anonymous (canaCUCKS.png 372x747 1127kB)
Imagine unironically being a Canadian haha that would suck

1 hours later 27315707 Anonymous
>>27315464 Just be careful who you tell it to. When I gave money laundering advice on /biz/ years ago I did it from behind 7 torified proxies and dns encryption from a self-nuking hard drive while house sitting.

1 hours later 27315752 Anonymous
>>27315573 "haha we have civil rights heroes too guys! blacks totally were a big part of canada's history" The canadian inferiority complex is so pathetic. Why our government decided to put on a literally who black woman and not some indigenous person is beyond me. The latter actually makes sense, the former was just trying to be like daddy america.

1 hours later 27315760 Anonymous
>>27315573 :(

1 hours later 27315772 Anonymous (m3.jpg 2514x1406 473kB)
Don't like to trade crypto, as it's hard to get a profit with it, but I am a fan of binary exchangesDoes anyone use Baex( #baex)? A many of people are talking about it, and I want to know your opinion. As for pros, people talk about a large number of popular shares and market tools, as well as a referral system and transparent open-source code. Is it a good solution?

1 hours later 27315792 Anonymous
>>27315752 no they do it for the wacky regime that's coming soon

1 hours later 27315870 Anonymous
>>27311499 >Its not CERB, has another name and is 10% taxed before being deposited, cant remember the name (you still get 1800$/month but gotta apply every two weeks). nigga thats just employment insurance. and dont you gotta prove to them you're still looking for work or something? Not as good a source of lazy neetbux if thats the case

1 hours later 27315973 Anonymous (1540907425812.jpg 918x597 221kB)
Watching the GameStop madness when I can get a chance while working. Figure out what I want to do with that GME cash whenever I cash out. Before this GameStop fad popped up I was going to put that money into Embridge, so perhaps I'll continue with that plan, or toss some more into crypto since I'm just getting started on that. >>27313744 High taxes are really holding us back, and its always mismanaged by overpaid government officials who's feelings of superiority over the rest of us mean that they can't be bothered to do better than a half assed job on their tax payer funded salaries. >consumption tax I miss living in Alberta, and yeah, a consumption tax specifically targets the middle and lower class. Sin taxes are there to take advantage of either people who are addicted (cigs/alcohol), as well as responsible people who enjoy those things. We really need a national, public discussion about what government services can be privatised, or at least what aspects can be privatized... and no, not like half the time a province "privatizes" a service where they just hand it over to a monopoly that exercises its monopoly power over its customers (fucking Nova Scotia Power). Guess I ranted a bit there at the mention of taxes lol.

1 hours later 27316141 Anonymous
>>27315752 honestly surprised they didn't put an east indian or filipino on there.

1 hours later 27316167 Anonymous (yaaaaas.png 1441x1314 1647kB)
>>27315752 A W A R D W A R D W I N N I N G I N N I N G

1 hours later 27316174 Anonymous
>>27315138 I've been wondering about this whole ordeal since March 2020. Will they go after everyone who collected cerb since that day? Or will they literally go after every Canadian and squeeze every dollar's worth? I could see this being a very ugly 2021.

1 hours later 27316181 Anonymous
>>27314805 If you want margin and ForEx access, you have to step out of the comfy TFSA limitations.

1 hours later 27316355 Anonymous
>>27316174 >I could see this being a very ugly 2021. Just wait for the surprise election in the Spring.

1 hours later 27316478 Anonymous
>>27312757 Same bro except im on ei, I really hope another form of ubi gets approved

1 hours later 27316490 Anonymous
>>27316167 >coveted lmao these people really do enjoy jerking themselves off about how smart/talented/creative they are

1 hours later 27316500 Anonymous
>>27315973 Blockchain is the future my friend. DEFI is literally an impossible ancap dream come true. Just look at the liquidity farming pools. 300% -1000% APY with loyalty airdrops at the end? Yeah that's possible with DEFI right now.

1 hours later 27316514 Anonymous
Will buy blackberry from TSX

1 hours later 27316533 Anonymous
>>27316174 they will pursue you with letters and "tax adjustments" after you submitted your tax return if you haven't paid it back. if you live any decent life they will slowly claw it back. not like those natives who got cerb and partied months until their livers shut down and died.

1 hours later 27316851 Anonymous (793.jpg 516x344 17kB)
Bros. Am I gonna get CRNA anally taxed if I stake my coins on Blockfy or Celsius ?

1 hours later 27317012 Anonymous
>>27316851 Just don't stake them outside of DEFI and monero it into a wallet that's not connected to anything centralized. Like I said I can't find anything about staking being explicitly mentioned just mining, but I wouldn't bet against it being out there somewhere.

1 hours later 27317068 Anonymous
>>27308937 Does Canada have a stock market?

1 hours later 27317201 Anonymous
>>27316851 >>27317012 just add them as 0 cost basis when you cash out, same as airdrops

1 hours later 27317286 Anonymous
>>27317068 the TSX

1 hours later 27317367 Anonymous
>>27317068 theres also some smaller ones, with the king of the exchangelets being the venture

1 hours later 27317369 Anonymous
>>27315752 its hilarious because she doesn't even look black

1 hours later 27317420 Anonymous
trudeau's response to covid 19 has financially annihilated this country

1 hours later 27317511 Anonymous (mona.jpg 847x1199 77kB)
>>27316851 Also they can't tax staking rewards that aren't claimed since no transaction has occured. If you really wanna do you taxes then use cointracker but the premium costs 279 or something a year which I guess is nothing compared to gas fees, which you should claim against taxes too. Also this is all tricky because Ethereum is utilized as a currency and if it depreciates against the asset you're trying to buy then it just muddles the waters further. They put all that burden on you because crypto is this new thing that fucks them ass and they're busy dealing with other shit right now. This is why your options are either tax haven or don't acknowledge that you even have a wallet.

1 hours later 27317667 Anonymous
>>27317201 >reporting airdrops on your taxes Never. They were a gift. That's way too cucked.

2 hours later 27317976 Anonymous
>>27313062 Cra knows everything you’re doing if it’s above the table. They just wait a few years, let you get settled then show up with fines and interest penalties.

2 hours later 27318401 Anonymous
>>27316500 From what little I've learned about this DEFI stuff, it sounds extremely exciting. Would be so nice if we could just modernize our money system to crypto. I haven't touched physical money in years, so its not like the currency being digital would be a problem. >>27317511 >They put all that burden on you They don't pay me enough for me to figure out how I'm supposed to pay them. I'll just keep my wallets several steps removed from their eyes, and plead ignorance. My more traditional taxes get paid perfectly fine, so its not like I'd look suspicious... and well, I'm still a crypto noob.

2 hours later 27319102 Anonymous
>>27318401 People mentioned tokenomics alot which means that micro-economies have their own competing monetary policies. Crazy stuff to deliver in a time capsule to myself a decade ago. Also you already have AMC traded on FTX so you're already seeing the effect the orbin hood debacle is having on traditional finance. Just do autistic levels of research to not get flagged by FINTRAC and what not. They already trace "dirty" bitcoins which fucks over people who unknowingly acquire them. >>27317976 Yeah well they don't have a few years anymore

2 hours later 27319982 Anonymous
>>27315973 >mismanaged by overpaid government officials >I miss living in Alberta The irony considering the conservatives in Alberta pissed away all of the province's wealth

2 hours later 27320225 Anonymous (1607807335603.png 787x660 235kB)
Welcome to the Canada Tax Evasion General /CTEG/

2 hours later 27320355 Anonymous
>>27314134 make as much $ as u can and leave. country is cucked. good luck in the concentration camps fren

2 hours later 27320429 Anonymous (m61.png 2096x1570 1672kB)
Did you hear about BAEX(#baex) defi binary system? A lot of people try to bring referrals there, and I checked this option. 80% of commissions and 4% of the tokens bought by your referrals, that can be good for passive income. There are a lot of stocks, indices, crypto, and fiat instruments, and I want to trade Amazon and Disney shares, as I see, they are rising, so it will be easy to get profit with them

2 hours later 27321351 Anonymous
>>27312757 im also on EI trading crypto. made 3k off the U.S elections. Have 15k saved up. Plan to invest 13k in crypto in the next week. Hoping to make enough money to convince my father to invest in altcoins. Then hopefully I never have to work a day in my life again. Baby steps.

2 hours later 27321443 Anonymous
>>27313321 Yes....just like how all those niggers our Somali immigration minister will be destroyed once we used them. Wake up bro.

2 hours later 27321724 Anonymous
>>27316167 >specimen Im fucking done bro

2 hours later 27321727 Anonymous
>>27313744 Power is the only thing that's real. It's not just taxes or immigrants or whatever. We are governed by malicious neurotic retards and they hold instruments that wield power at a never before seen time. This next decade is going to suck but it's going to be where do the most damage through decentralized means. Then boomers will die and every other npc cuck normie's mind will be so destroyed that we'll lead the charge. After getting redpilled, it just feels like I'm getting raped by a twink with a micropenis. It's humiliating to be ruled by them and absolutely demoralizing to see friends and family being so retarded they deserve it. Not demoralized tho, just angry.

3 hours later 27321913 Anonymous
>>27312033 So lets say i earn 1000 in cg, i only add 500 to my tax return and then add that to my income? And if my income reaches a certain bracket i just pay taxes at that income tax bracket?

3 hours later 27322115 Anonymous
>>27321913 Yeah if thats true its a lot simpler than this bullshit Im hearing about having to show proof of every trade.

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